Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2014

Accumulated Other Comprehensive Loss

15. Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss consists of the following:

										(Stated in millions)
							Pension and			Unrealized
	Currency			Fair Value			Other			Gains
	Translation			of			Postretirement			Marketable
	Adjustments			Derivatives			Benefit Plans			Securities		Total
Balance, January 1, 2014	$	(1,068	)	$	29		$	(1,691	)	$	176	$	(2,554	)
Other comprehensive income (loss)    before reclassifications		(88	)		16			-			11		(61	)
Amounts reclassified from    accumulated other    comprehensive loss		-			(3	)		73			-		70
Income taxes		-			-			(10	)		-		(10	)
Net other comprehensive income    (loss)		(88	)		13			63			11		(1	)
Balance, March 31, 2014	$	(1,156	)	$	42		$	(1,628	)	$	187	$	(2,555	)

										(Stated in millions)
							Pension and			Unrealized
	Currency			Fair Value			Other			Gains
	Translation			of			Postretirement			Marketable
	Adjustments			Derivatives			Benefit Plans			Securities		Total
Balance, January 1, 2013	$	(918	)	$	30		$	(3,141	)	$	141	$	(3,888	)
Other comprehensive income (loss)
before reclassifications		(77	)		(154	)		-			72		(159	)
Amounts reclassified from accumulated
other comprehensive loss		-			80			105			-		185
Income taxes		-			-			(14	)		-		(14	)
Net other comprehensive income (loss)		(77	)		(74	)		91			72		12
Balance, March 31, 2013	$	(995	)	$	(44	)	$	(3,050	)	$	213	$	(3,876	)