Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Loss.

Accumulated Other Comprehensive Loss

14.    Accumulated Other Comprehensive Loss

The following is a summary of net changes in accumulated other comprehensive loss by component and net of tax for the three months ended March 31, 2018 and 2017:

(in millions)	Cumulative Translation Adjustment		Deferred (Loss) Gain on Hedging Activities		Pension and Postretirement Adjustment		Unrealized (Loss) Gain on Investment		Accumulated Other Comprehensive Loss
Balance, December 31, 2017	$	(951)	$	(13)	$	(51)	$	2	$	(1,013)
Other comprehensive income (loss) before reclassification adjustments		21		22		(1)		1		43
Amount reclassified from accumulated OCI		—		4		—		—		4
Tax provision		—		(6)		—		—		(6)
Net other comprehensive income (loss)		21		20		(1)		1		41
Balance, March 31, 2018	$	(930)	$	7	$	(52)	$	3	$	(972)

(in millions)	Cumulative Translation Adjustment		Deferred (Loss) Gain on Hedging Activities		Pension and Postretirement Adjustment		Unrealized (Loss) Gain on Investment		Accumulated Other Comprehensive Loss
Balance, December 31, 2016	$	(1,008)	$	(7)	$	(56)	$	—	$	(1,071)
Other comprehensive income before reclassification adjustments		40		8		—		—		48
Amount reclassified from accumulated OCI		—		4		—		—		4
Tax provision		—		(4)		—		—		(4)
Net other comprehensive income		40		8		—		—		48
Balance, March 31, 2017	$	(968)	$	1	$	(56)	$	—	$	(1,023)

The following table provides detail pertaining to reclassifications from AOCI into net income for the periods presented:

	Three Months Ended				Affected Line Item in
	March 31,				Condensed Consolidated
(in millions)	2018		2017		Statements of Income
Gains (losses) on cash flow hedges:
Commodity contracts	$	(5)	$	(3)	Cost of sales
Foreign currency contracts		1		—	Net sales/cost of sales
Interest rate contracts		—		(1)	Financing costs, net
Gains (losses) related to pension and other postretirement obligations		—		—
Total before-tax reclassifications	$	(4)	$	(4)
Tax benefit		—		1
Total after-tax reclassifications	$	(4)	$	(3)