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Changes in Other Comprehensive Income (Notes)
 6 Months Ended
Jun. 30, 2016
Changes in Other Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
CHANGES IN OTHER COMPREHENSIVE INCOME

The following table provides the reclassifications out of other comprehensive income for the three and six months ended June 30, 2016 and June 30, 2015. Amounts in the chart below are presented net of tax.

Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
(in millions)
 
Foreign currency translation adjustments
 
Unrealized gains/losses on derivative financial instruments
 
Defined benefit pension items / Other
 
Total
Balance as of March 31, 2016
 
$
(38
)
 
$
83

 
$
(10
)
 
$
35

Other comprehensive income (loss) before reclassifications
 
(21
)
 
(64
)
 
(1
)
 
(86
)
Amounts reclassified from accumulated other comprehensive income
 
—

 
(20
)
 
1

 
(19
)
Net current-period other comprehensive income
 
(21
)
 
(84
)
 
—

 
(105
)
Balance as of June 30, 2016
 
$
(59
)
 
$
(1
)
 
$
(10
)
 
$
(70
)
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2015
 
 
 
 
 
 
 
 
(in millions)
 
Foreign currency translation adjustments
 
Unrealized gains/losses on derivative financial instruments
 
Defined benefit pension items / Other
 
Total
Balance as of March 31, 2015
 
$
(73
)
 
$
247

 
$
(32
)
 
$
142

Other comprehensive income (loss) before reclassifications
 
5

 
(8
)
 
(2
)
 
(5
)
Amounts reclassified from accumulated other comprehensive income
 
—

 
(35
)
 
2

 
(33
)
Net current-period other comprehensive income
 
5

 
(43
)
 
—

 
(38
)
Balance as of June 30, 2015
 
$
(68
)
 
$
204

 
$
(32
)
 
$
104


 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
(in millions)
 
Foreign currency translation adjustments
 
Unrealized gains/losses on derivative financial instruments
 
Defined benefit pension items / Other
 
Total
Balance as of December 31, 2015
 
$
(54
)
 
$
152

 
$
(10
)
 
$
88

Other comprehensive income (loss) before reclassifications
 
(5
)
 
(102
)
 
(3
)
 
(110
)
Amounts reclassified from accumulated other comprehensive income
 
—

 
(51
)
 
3

 
(48
)
Net current-period other comprehensive income
 
(5
)
 
(153
)
 
—

 
(158
)
Balance as of June 30, 2016
 
$
(59
)
 
$
(1
)
 
$
(10
)
 
$
(70
)
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
 
 
 
 
 
 
 
 
(in millions)
 
Foreign currency translation adjustments
 
Unrealized gains/losses on derivative financial instruments
 
Defined benefit pension items / Other
 
Total
Balance as of December 31, 2014
 
$
(38
)
 
$
219

 
$
(37
)
 
$
144

Other comprehensive income (loss) before reclassifications
 
(30
)
 
51

 
(4
)
 
17

Amounts reclassified from accumulated other comprehensive income
 
—

 
(66
)
 
9

 
(57
)
Net current-period other comprehensive income
 
(30
)
 
(15
)
 
5

 
(40
)
Balance as of June 30, 2015
 
$
(68
)
 
$
204

 
$
(32
)
 
$
104



The income tax impact of the amounts in other comprehensive income for unrealized gains and losses on derivative financial instruments before reclassifications was a benefit of $36 million in the second quarter of 2016, a benefit of $5 million in the second quarter of 2015, a benefit of $57 million in the first half of 2016 and an expense of $28 million in the first half of 2015. The gains and losses on derivative financial instruments reclassified were reduced by income tax impacts of $12 million in the second quarter of 2016, $19 million in the second quarter of 2015, $29 million in the first half of 2016 and $37 million in the first half of 2015. Refer to Note D – Fair Value Measurements in this Quarterly Report on Form 10-Q for further detail on the reclassifications related to derivatives.

The income tax impact of the amounts in other comprehensive income for defined benefit and pension items before reclassification was an immaterial benefit in both the second quarter of 2016 and the second quarter of 2015. For both the first half of 2016 and the first half of 2015, the income tax impact of the amounts in other comprehensive income for defined benefit and pension items before reclassification was immaterial.
The gains and losses on defined benefit and pension related items reclassified from accumulated other comprehensive income were reduced by immaterial income tax impacts in the second quarter and first half of 2016. The gains and losses on defined benefit and pension related items reclassified from accumulated other comprehensive income were reduced by immaterial income tax impacts in the second quarter of 2015 and by $5 million in the first half of 2015.