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			Net Change in Derivative Financial Instruments			Net Change in Available-for-Sale Securities		Net Change in Defined Benefit Pensions and Other Items			Total
Balance as of December 31, 2018	$	(53	)	$	111		$	—	$	(25	)	$	33
Other comprehensive income (loss) before reclassifications	14			56			—		(1		)	69
(Income) loss amounts reclassified from accumulated other comprehensive income	(8		)	(7		)	—		—			(15		)
Total other comprehensive income (loss)	6			49			—		(1		)	54
Balance as of March 31, 2019	$	(46	)	$	160		$	—	$	(26	)	$	87



(in millions)	Foreign Currency Translation Adjustments			Net Change in Derivative Financial Instruments			Net Change in Available-for-Sale Securities			Net Change in Defined Benefit Pensions and Other Items			Total
Balance as of December 31, 2017	$	(32	)	$	1		$	(1	)	$	(27	)	$	(59	)
Other comprehensive income (loss) before reclassifications	10			(91		)	—			—			(81		)
(Income) loss amounts reclassified from accumulated other comprehensive income	—			12			1			—			13
Total other comprehensive income (loss)	10			(80		)	—			—			(69		)
Balance as of March 31, 2018	$	(22	)	$	(79	)	$	—		$	(27	)	$	(128	)

Refer to Note D – Hedging Activities and Fair Value Measurements for further detail on our net investment hedges recorded in Foreign currency translation adjustments and our cash flow hedges recorded in Net change in derivative financial instruments.

As a result of adopting ASC Update No. 2016-01 in the first quarter of 2018, we recorded a cumulative effect adjustment to retained earnings to reclassify unrealized gains and losses from our equity investments previously recorded to Accumulated other comprehensive income (loss), net of tax. These equity investments were classified as available-for-sale securities under the former accounting guidance, and we now refer to these investments as publicly-held equity securities. Please refer to Note A – Significant Accounting Policies included in Item 8 of our most recent Annual Report on Form 10-K for more information.

The Net change in defined benefit pensions and other items before reclassifications and reclassified from Accumulated other comprehensive income (loss), net of tax were reduced by immaterial income tax impacts in the first quarter of 2019 and 2018.