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Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Loss
($ in millions)
Unrealized Foreign Currency Translation Adjustments
 
Pension and Other Postretirement Benefit Adjustments, net of tax (c)
 
Unrealized Gain/(Loss) on Derivatives, net of tax (d)
 
Accumulated Other Comprehensive Loss
 
January 1, 2017
 

($1,798
)
 

($571
)
 

$13

 

($2,356
)
Current year deferrals to AOCI
542

 
—

 
—

 
542

 
Current year deferrals to AOCI, net of tax (b)
(311
)
 
20

 
(4
)
 
(295
)
 
Reclassifications from AOCI to net income
—

 
58

 
(6
)
 
52

 
Period change
 

$231

 

$78

 

($10
)
 

$299

December 31, 2017
 

($1,567
)
 

($493
)
 

$3

 

($2,057
)
Current year deferrals to AOCI (a)
(292
)
 
—

 
—

 
(292
)
 
Current year deferrals to AOCI, net of tax (b)
148

 
(12
)
 
(7
)
 
129

 
Reclassifications from AOCI to net income
—

 
21

 
6

 
27

 
Period change
 

($144
)
 

$9

 

($1
)
 

($136
)
Reclassification from AOCI to Retained earnings - Adoption of ASU 2018-02
 
(23
)
 
(84
)
 
—

 
(107
)
December 31, 2018
 

($1,734
)
 

($568
)
 

$2

 

($2,300
)
Current year deferrals to AOCI (a)
71

 
—

 
—

 
71

 
Current year deferrals to AOCI, net of tax (b)
36

 
(167
)
 
1

 
(130
)
 
Reclassifications from AOCI to net income
—

 
11

 
(2
)
 
9

 
Period change
 

$107

 

($156
)
 

($1
)
 

($50
)
December 31, 2019
 

($1,627
)
 

($724
)
 

$1

 

($2,350
)

(a)
Except for income taxes of $7 million and $9 million as of December 31, 2019 and 2018, respectively, related to foreign currency impacts of certain unasserted earnings, unrealized foreign currency translation adjustments related to translation of foreign denominated balance sheets are not presented net of tax given that no deferred U.S. income taxes have been provided on undistributed earnings of non-U.S. subsidiaries because they are deemed to be reinvested for an indefinite period of time.
(b)
The tax (cost)/benefit related to unrealized foreign currency translation adjustments on tax inter-branch transactions and net investment hedges as of December 31, 2019, 2018 and 2017 was $(19) million, $4 million and $141 million, respectively.
(c)
The tax benefit/(cost) related to the adjustment for pension and other postretirement benefits as of December 31, 2019, 2018 and 2017 was $57 million, $(34) million and $(33) million, respectively. Reclassifications from AOCI are included in the computation of net periodic benefit costs (See Note 13, “Employee Benefit Plans”). The cumulative tax benefit related to the adjustment for pension and other postretirement benefits as of December 31, 2019 and 2018 was $266 million and $209 million, respectively.
(d)
The tax cost related to the change in the unrealized loss on derivatives as of December 31, 2019, 2018 and 2017 was $1 million, $2 million, and $5 million, respectively. Reclassifications from AOCI are included in the gain or loss recognized on cash flow hedges (See Note 10 “Financial Instruments, Hedging Activities and Fair Value Measurements”).