Changes in Accumulated Other Comprehensive Losses (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Accumulated Other Comprehensive Income (Loss)

The change in Accumulated Other Comprehensive Losses (AOCL) presented on the Consolidated Balance Sheet and the impact of significant amounts reclassified from AOCL on information presented in the Consolidated Statement of Income for the six months ended June 30, 2020 and 2019 are reflected in the table below.

Changes in Accumulated Other Comprehensive Income (Loss) by Component⁽¹⁾

(Millions of dollars)



	Currency Translation Adjustment		Unrealized Holding Gains (Losses) on Securities		Derivatives		Defined Benefit Plans		Total
Balance at December 31, 2018	$	(124)	$	(10)	$	(2)	$	(3,408)	$	(3,544)
Components of Other Comprehensive Income (Loss):
Before Reclassifications	1		—		(1)		(1)		(1)
Reclassifications	—		—		—		188		188
Net Other Comprehensive Income (Loss)	1		—		(1)		187		187
Balance at June 30, 2019	$	(123)	$	(10)	$	(3)	$	(3,221)	$	(3,357)

Balance at December 31, 2019	$	(142)	$	(8)	$	—	$	(4,840)	$	(4,990)
Components of Other Comprehensive Income (Loss):
Before Reclassifications	(12)		(4)		—		9		(7)
Reclassifications⁽²⁾	—		—		—		247		247
Net Other Comprehensive Income (Loss)	(12)		(4)		—		256		240
Balance at June 30, 2020	$	(154)	$	(12)	$	—	$	(4,584)	$	(4,750)

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⁽¹⁾All amounts are net of tax.

⁽²⁾Refer to Note 9, Employee Benefits for reclassified components totaling $327 million that are included in employee benefit costs for the six months ended June 30, 2020. Related income taxes for the same period, totaling $80 million, are reflected in “Income Tax Expense” on the Consolidated Statement of Income. All other reclassified amounts were insignificant.