Changes in Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2014

Changes in Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (Loss)

Note 4 — Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) from continuing operations, net of income taxes, are as follows:

	Three Months Ended June 30
	Cumulative Foreign Currency Translation Adjustments						Net Actuarial Losses and Prior Service Costs and Credits						Cumulative Unrealized Gains on Marketable Equity Securities						Cumulative Gains on Derivative Instruments Designated as Cash Flow Hedges
(in millions)	2014			2013			2014			2013			2014			2013			2014			2013
Balance at March 31 (a)	$	(656	)	$	(777	)	$	(1,296	)	$	(2,186	)	$	13		$	32		$	5		$	38
Other comprehensive income (loss) before Reclassifications	(19		)	(360		)	—			—			1			7			—			12
Amounts reclassified from accumulated other comprehensive income (b)	—			—			12			28			(5		)	(5		)	(7		)	(15		)
Net current period comprehensive income from continuing operations	(19		)	(360		)	12			28			(4		)	2			(7		)	(3		)
Balance at June 30 (a)	$	(675	)	$	(1,137	)	$	(1,284	)	$	(2,158	)	$	9		$	34		$	(2	)	$	35

	Six Months Ended June 30
	Cumulative Foreign Currency Translation Adjustments						Net Actuarial Losses and Prior Service Costs and Credits						Cumulative Unrealized Gains on Marketable Equity Securities						Cumulative Gains on Derivative Instruments Designated as Cash Flow Hedges
(in millions)	2014			2013			2014			2013			2014			2013			2014			2013
Balance at December 31, 2013 and 2012	$	(718	)	$	(79	)	$	(1,312	)	$	(3,596	)	$	13		$	31		$	5		$	50
Separation of AbbVie (a)	—			(308		)	—			1,451			—			—			—			8
Other comprehensive income (loss) before Reclassifications	43			(750		)	—			(69		)	2			14			(1		)	(5		)
Amounts reclassified from accumulated other comprehensive income (b)	—			—			28			56			(6		)	(11		)	(6		)	(18		)
Net current period comprehensive income from continuing operations (a)	43			(750		)	28			(13		)	(4		)	3			(7		)	(23		)
Balance at June 30	$	(675	)	$	(1,137	)	$	(1,284	)	$	(2,158	)	$	9		$	34		$	(2	)	$	35

(a) Prior year amounts have been appropriately revised to reflect a reclassification between Cumulative foreign currency translation adjustment and Net actuarial losses and prior service costs and credits.

(b) Reclassified amounts for foreign currency translation are recorded in the Condensed Consolidated Statement of Earnings as Net foreign exchange loss (gain); gains on marketable equity securities as Other (income) expense, net and cash flow hedges as Cost of products sold.  Net actuarial losses and prior service cost is included as a component of net periodic benefit plan costs; see Note 11 for additional details.