ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2017

ACCUMULATED OTHER COMPREHENSIVE LOSS

NOTE M. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables reconcile changes in Accumulated other comprehensive loss (“AOCL”) by component (net of tax, dollars in millions):

	Three months ended
	Available-for- sale securities			Defined benefit pension items			Foreign currency items			Total
AOCL as of December 31, 2015	$	(6	)	$	(20	)	$	(33	)	$	(59	)
Other comprehensive income before reclassifications		1			—			3			4
Amounts reclassified from AOCL		—			(1	)		—			(1	)
Net current period other comprehensive income (loss)	$	1		$	(1	)	$	3		$	3
AOCL as of March 31, 2016	$	(5	)	$	(21	)	$	(30	)	$	(56	)
AOCL as of December 31, 2016	$	(7	)	$	(18	)	$	(38	)	$	(63	)
Other comprehensive (loss) income before reclassifications		(1	)		—			4			3
Amounts reclassified from AOCL		—			(1	)		—			(1	)
Income tax		1			—			—			1
Net current period other comprehensive (loss) income	$	—		$	(1	)	$	4		$	3
AOCL as of March 31, 2017	$	(7	)	$	(19	)	$	(34	)	$	(60	)

	Amounts reclassified from AOCL				Affected line item in the Condensed Consolidated Statements of Comprehensive  Income
AOCL Components	Three months ended March 31, 2017		Three months ended March 31, 2016
Amortization of benefit items:
Prior service cost	$	1	$	1		Cost of sales
Total reclassifications, before tax	$	1	$	1		Income before income taxes
Total reclassifications	$	1	$	1		Net of tax

Prior service cost and actuarial loss are included in the computation of the Company’s net periodic benefit cost. Please see NOTE K, “Employee Benefit Plans” for additional details.