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53
NOTE 4 OTHER COMPREHENSIVE INCOME
The following table presents changes in AOCI for the year ended December 31, 2015:
In millions
Defined Benefit Pension and
Postretirement Items (a)
Change in Cumulative
Foreign Currency Translation
Adjustments (a)
Net Gains and Losses
on Cash Flow Hedging
Derivatives (a) Total (a)
Balance as of December 31, 2014 $ (3,134) $ (1,513) $ 1 $ (4,646)
Other comprehensive income (loss) before reclassifications (331) (1,002) (3) (1,336)
Amounts reclassified from accumulated other comprehensive income 296 (40) 12 268
Net Current Period Other Comprehensive Income (35) (1,042) 9 (1,068)
Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest —6—6
Balance as of December 31, 2015 $ (3,169) $ (2,549) $ 10 $ (5,708)
(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.
The following table presents changes in AOCI for the year ended December 31, 2014:
In millions
Defined Benefit Pension and
Postretirement Items (a)
Change in Cumulative
Foreign Currency Translation
Adjustments (a)
Net Gains and Losses
on Cash Flow Hedging
Derivatives (a) Total (a)
Balance as of December 31, 2013 $ (2,105) $ (649) $ (5) $ (2,759)
Other comprehensive income (loss) before reclassifications (1,271) (863) 10 (2,124)
Amounts reclassified from accumulated other comprehensive income 242 (13) (4) 225
Net Current Period Other Comprehensive Income (1,029) (876) 6 (1,899)
Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest — 12 — 12
Balance as of December 31, 2014 $ (3,134) $ (1,513) $ 1 $ (4,646)
(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.
The following table presents changes in AOCI for the year ended December 31, 2013:
In millions
Defined Benefit Pension and
Postretirement Items (a)
Change in Cumulative
Foreign Currency Translation
Adjustments (a)
Net Gains and Losses
on Cash Flow Hedging
Derivatives (a) Total (a)
Balance as of December 31, 2012 $ (3,596) $ (246) $ 2 $ (3,840)
Other comprehensive income (loss) before reclassifications 1,184 (443) — 741
Amounts reclassified from accumulated other comprehensive income 307 17 (7) 317
Net Current Period Other Comprehensive Income 1,491 (426) (7) 1,058
Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest — 23 — 23
Balance as of December 31, 2013 $ (2,105) $ (649) $ (5) $ (2,759)
(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.
The following table presents details of the reclassifications out of AOCI for the three years ended:
Details About Accumulated Other Comprehensive Income
Components
Amount Reclassified from Accumulated Other Comprehensive Income (a) Location of Amount
Reclassified from AOCI2015 2014 2013
In millions
Defined benefit pension and postretirement items:
Prior-service costs $(33)$ (17) $ (9) (b) Cost of products sold
Actuarial gains/(losses) (449) (379) (493) (b) Cost of products sold
Total pre-tax amount (482) (396) (502)
Tax (expense)/benefit 186 154 195
Net of tax (296) (242) (307)
Change in cumulative foreign currency translation adjustments:
Business acquisition/divestiture 40 13 (17)
Net (gains) losses on
sales and impairments of
businesses or Retained
earnings
Tax (expense)/benefit ———
Net of tax 40 13 (17)
Net gains and losses on cash flow hedging derivatives:
Foreign exchange contracts (20) 3 10 (c) Cost of products sold
Total pre-tax amount (20) 310
Tax (expense)/benefit 81(3)
Net of tax (12) 47
Total reclassifications for the period $ (268) $(225)$(317)