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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE DEFCIT (Tables)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive income (deficit) (“AOCI”) (in millions):
 
Three Months Ended
Six Months Ended
  
June 30,
June 30,
  
2017
2016
2017
2016
Currency Translation Adjustment
 
 
 
 
Beginning balance
$
(248
)
$
(213
)
$
(284
)
$
(247
)
Net investment hedge amounts classified into AOCI, net of tax
(9
)
5

(9
)
(2
)
Gain (loss) on foreign currency translation
38

(18
)
74

23

Other comprehensive income/(loss), net of tax
29

(13
)
65

21

Ending balance
$
(219
)
$
(226
)
$
(219
)
$
(226
)
Pension and Other Postretirement Adjustment
 
 
 
 
Beginning balance
$
(429
)
$
(409
)
$
(429
)
$
(419
)
  Amounts reclassified from AOCI to net earnings, net of tax (a)
17

(2
)
18

—

  Amounts classified into AOCI, net of tax
(3
)
2

(4
)
10

Other comprehensive income, net of tax
14

—

14

10

Ending balance
$
(415
)
$
(409
)
$
(415
)
$
(409
)
Hedging Adjustment
 
 
 
 
Beginning balance
$
1

$
(3
)
$
3

$
(4
)
      Amounts reclassified from AOCI to net earnings, net of tax (b)
—

1

(1
)
4

  Amounts classified into AOCI, net of tax
(1
)
2

(2
)
—

Other comprehensive (loss)/income, net of tax
(1
)
3

(3
)
4

Ending balance
$
—

$
—

$
—

$
—

Total AOCI ending balance
$
(634
)
$
(635
)
$
(634
)
$
(635
)


(a) These AOCI components are included in the computation of total Pension and OPEB expense and are recorded in Cost of sales, Marketing and administrative expenses and Other expenses, net. See Note 11 for additional information.
(b) Amounts reclassified from (loss)/gain on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and are recognized in Cost of sales. See Note 4 for additional information.