Changes in Other Comprehensive Income

9 Months Ended

Sep. 30, 2019

Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]

Comprehensive Income (Loss) Note [Text Block]

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 June 30, 2019	$	(46	)	$	150		$	—	$	(26	)	$	78
Other comprehensive income (loss) before reclassifications	7			78			—		—			86
(Income) loss amounts reclassified from accumulated other comprehensive income	(9		)	(16		)	—		—			(26		)
Total other comprehensive income (loss)	(2		)	62			—		—			60
Balance as of September 30, 2019	$	(48	)	$	213		$	—	$	(26	)	$	138

(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 June 30, 2018	$	(68	)	$	79	$	—	$	(27	)	$	(16	)
Other comprehensive income (loss) before reclassifications	2			45		—		—			47
(Income) loss amounts reclassified from accumulated other comprehensive income	(8		)	1		—		—			(7		)
Total other comprehensive income (loss)	(6		)	47		—		—			40
Balance as of September 30, 2018	$	(74	)	$	126	$	—	$	(27	)	$	25

(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	30			136			—		(1		)	165
(Income) loss amounts reclassified from accumulated other comprehensive income	(25		)	(34		)	—		—			(59		)
Total other comprehensive income (loss)	4			102			—		(1		)	105
Balance as of September 30, 2019	$	(48	)	$	213		$	—	$	(26	)	$	138

(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	(29		)	105		—			—			76
(Income) loss amounts reclassified from accumulated other comprehensive income	(13		)	20		1			—			8
Total other comprehensive income (loss)	(42		)	125		—			—			82
Balance as of September 30, 2018	$	(74	)	$	126	$	—		$	(27	)	$	25

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 third quarter and first nine months of 2019 and 2018.