NOTE M – CHANGES IN OTHER COMPREHENSIVE INCOME

The following tables provide the reclassifications out of Other comprehensive income (loss), net of tax:



(in millions)	Foreign Currency Translation Adjustments			Unrealized Gains/Losses on Derivative Financial Instruments			Defined Benefit Pension Items/Other			Total
Balance as of March 31, 2018	$	(22	)	$	(79	)	$	(27	)	$	(128	)
Other comprehensive income (loss) before reclassifications	(40		)	151			—			111
(Income) loss amounts reclassified from accumulated other comprehensive income	(5		)	7			—			2
Net current-period other comprehensive income (loss)	(45		)	158			—			112
Balance as of June 30, 2018	$	(68	)	$	79		$	(27	)	$	(16	)



(in millions)	Foreign Currency Translation Adjustments			Unrealized Gains/Losses on Derivative Financial Instruments			Unrealized Gains/Losses on Available-for-Sale Securities			Defined Benefit Pension Items/Other			Total
Balance as of March 31, 2017	$	(71	)	$	52		$	(6	)	$	(21	)	$	(46	)
Other comprehensive income (loss) before reclassifications	13			(4		)	—			—			9
(Income) loss amounts reclassified from accumulated other comprehensive income	—			(17		)	2			(1		)	(16		)
Net current-period other comprehensive income (loss)	13			(21		)	2			(1		)	(7		)
Balance as of June 30, 2017	$	(58	)	$	31		$	(4	)	$	(22	)	$	(53	)



(in millions)	Foreign Currency Translation Adjustments			Unrealized Gains/Losses on Derivative Financial Instruments		Unrealized Gains/Losses on Available-for-Sale Securities			Defined Benefit Pension Items/Other			Total
Balance as of December 31, 2017	$	(32	)	$	1	$	(1	)	$	(27	)	$	(59	)
Other comprehensive income (loss) before reclassifications	(31		)	59		—			—			28
(Income) loss amounts reclassified from accumulated other comprehensive income	(5		)	19		1			—			15
Net current-period other comprehensive income (loss)	(36		)	78		—			—			42
Balance as of June 30, 2018	$	(68	)	$	79	$	—		$	(27	)	$	(16	)



(in millions)	Foreign Currency Translation Adjustments			Unrealized Gains/Losses on Derivative Financial Instruments			Unrealized Gains/Losses on Available-for-Sale Securities			Defined Benefit Pension Items/Other			Total
Balance as of December 31, 2016	$	(79	)	$	107		$	(6	)	$	(21	)	$	1
Other comprehensive income (loss) before reclassifications	21			(41		)	—			(2		)	(22		)
(Income) loss amounts reclassified from accumulated other comprehensive income	—			(35		)	2			1			(32		)
Net current-period other comprehensive income (loss)	21			(76		)	2			(1		)	(54		)
Balance as of June 30, 2017	$	(58	)	$	31		$	(4	)	$	(22	)	$	(53	)

Refer to Note D – Hedging Activities and Fair Value Measurements for further detail on the reclassifications related to derivatives.

We adopted Update No. 2016-01 in the first quarter of 2018, and as a result of adopting the standard, we recorded a cumulative effect adjustment to retained earnings for unrealized gains and losses for available-for-sale securities previously recorded to Accumulated other comprehensive income (loss), net of tax.

The gains and losses on defined benefit and pension related items before reclassifications and gains and losses on defined benefit and pension items reclassified from Accumulated other comprehensive income (loss), net of tax were reduced by immaterial income tax impacts in the second quarter and first six months of 2018 and 2017.