Changes in Accumulated Other Comprehensive Losses (Tables)

9 Months Ended

Sep. 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 nine months ended September 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	(32)		2		2		1		(27)
Reclassifications	—		—		—		302		302
Net Other Comprehensive Income (Loss)	(32)		2		2		303		275
Balance at September 30, 2019	$	(156)	$	(8)	$	—	$	(3,105)	$	(3,269)

Balance at December 31, 2019	$	(142)	$	(8)	$	—	$	(4,840)	$	(4,990)
Components of Other Comprehensive Income (Loss):
Before Reclassifications	5		(5)		—		9		9
Reclassifications(2)	—		—		—		474		474
Net Other Comprehensive Income (Loss)	5		(5)		—		483		483
Balance at September 30, 2020	$	(137)	$	(13)	$	—	$	(4,357)	$	(4,507)

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(1)All amounts are net of tax.

(2)Refer to Note 9, Employee Benefits for reclassified components totaling $615 million that are included in employee benefit costs for the nine months ended September 30, 2020. Related income taxes for the same period, totaling $141 million, are reflected in “Income Tax Expense” on the Consolidated Statement of Income. All other reclassified amounts were insignificant.