Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2017

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

13.  Accumulated Other Comprehensive Income (Loss)

The components of comprehensive income are: (a) net earnings; (b) change in fair value of certain derivative instruments; (c) pension and other postretirement benefit adjustments; and (d) foreign currency translation adjustments.  The net effect of exchange rate fluctuations generally reflects changes in the relative strength of the U.S. dollar against major foreign currencies between the beginning and end of the year.

The following table lists the beginning balance, annual activity and ending balance of each component of accumulated other comprehensive income (loss):

									Total Accumulated
	Net Effect of		Change in Certain						Other
	Exchange Rate		Derivative			Employee			Comprehensive
	Fluctuations		Instruments			Benefit Plans			Income (Loss)
Balance on January 1, 2016	$	(568)	$	(17)		$	(1,432)		$	(2,017)
Change before reclassifications		(220)		7			(2)			(215)
Amounts reclassified from accumulated other comprehensive income				6	(a)		72	(b)		78
Translation effect							(25)			(25)
Tax effect							15			15
Intraperiod tax allocation							(8)			(8)
Other comprehensive income (loss) attributable to the Company		(220)		13			52			(155)
Balance on December 31, 2016		(788)		(4)			(1,380)			(2,172)
Change before reclassifications		65		(3)			(8)			54
Amounts reclassified from accumulated other comprehensive income				(6)	(a)		285	(b)		279
Translation effect							32			32
Tax effect				1			(20)			(19)
Other comprehensive income (loss) attributable to the Company		65		(8)			289			346
Balance on December 31, 2017	$	(723)	$	(12)		$	(1,091)		$	(1,826)

(a) Amount is included in Cost of goods sold on the Consolidated Results of Operations (see Note 7 for additional information).

(b) Amount is included in the computation of net periodic pension cost and net postretirement benefit cost (see Note 9 for additional information).