Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Loss.

Summary of net changes in accumulated other comprehensive loss

(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)

Schedule of reclassifications from AOCI into net income

	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)