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Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Jun. 30, 2017
AOCI Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The components and changes of Accumulated other comprehensive income (loss) for the nine-month period ended June 30, 2017 were as follows:
(Millions of dollars)
Total
 
Foreign Currency
Translation
 
Benefit Plans
 

Cash Flow Hedges
 
Balance at September 30, 2016
$
(1,929
)
 
$
(1,011
)
 
$
(883
)
 
$
(35
)
 
Other comprehensive (loss) income before reclassifications, net of taxes
(44
)
 
(52
)
 

 
8

 
Amounts reclassified into income, net of taxes
50

 

 
44

 
7

 
Balance at June 30, 2017
$
(1,923
)
 
$
(1,064
)
 
$
(839
)
 
$
(20
)
 
The amount of foreign currency translation recognized in other comprehensive income during the nine months ended June 30, 2017 included net losses relating to net investment hedges, as further discussed in Note 13. The amount recognized in other comprehensive income during the nine months ended June 30, 2017 relating to cash flow hedges represented net gains on forward starting interest rate swaps, which are also further discussed in Note 13. The tax provision relating to these net gains was $5 million. The tax benefit relating to net losses on cash flow hedges recognized in other comprehensive income for the three months ended June 30, 2017 was $10 million.
Reclassifications out of Accumulated other comprehensive income (loss) were as follows:
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
(Millions of dollars)
2017
 
2016
 
2017
 
2016
Benefit Plans
 
 
 
 
 
 
 
Reclassification of losses into income
$
22

 
$
18

 
$
66

 
$
55

Associated tax benefits
(7
)
 
(6
)
 
(22
)
 
(19
)
Amounts reclassified into income, net of taxes (A)
$
15

 
$
12

 
$
44

 
$
36

 
 
 
 
 
 
 
 
Cash Flow Hedges
 
 
 
 
 
 
 
Reclassification of losses into income
$
2

 
$
5

 
$
11

 
$
14

Associated tax benefits
(1
)
 
(2
)
 
(4
)
 
(5
)
Amounts reclassified into income, net of taxes (B)
$
1

 
$
3

 
$
7

 
$
9

(A)
These reclassifications were not recorded into income in their entirety and were included in the computation of net periodic benefit plan costs. Additional details regarding the Company's benefit plans are provided in Note 8.
(B)
These reclassifications were recorded to Interest expense and Cost of products sold. Additional details regarding the Company's cash flow hedges are provided in Note 13.