Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (“AOCI”) includes certain items that are reported directly within a separate component of shareholders’ equity. The following table presents changes in accumulated other comprehensive loss balances.

	2015			2014
	(in millions)
Three Months Ended June 30,
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(41	)	$	(83	)
Other comprehensive income for period:
Net gains arising during period, net of tax of $4 million and $4 million, respectively	7			7
Reclassification adjustment for losses realized in net income, net of tax of $1 million and $1 million, respectively(1)	2			2
Total other comprehensive income for period	9			9
Balance at end of period	(32		)	(74		)
Pension and postretirement benefit plan liability:
Balance at beginning and end of period	(13		)	(11		)
Total accumulated other comprehensive loss at end of period	$	(45	)	$	(85	)
Six Months Ended June 30,
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(52	)	$	(97	)
Other comprehensive income for period:
Net gains arising during period, net of tax of $9 million and $9 million, respectively	16			19
Reclassification adjustment for losses realized in net income, net of tax of $2 million and $2 million, respectively(1)	4			4
Total other comprehensive income for period	20			23
Balance at end of period	(32		)	(74		)
Pension and postretirement benefit plan liability:
Balance beginning and end of period	(13		)	(11		)
Total accumulated other comprehensive loss at end of period	$	(45	)	$	(85	)

⁽¹⁾  The amounts reclassified during the three and six months ended June 30, 2015 and 2014 relate to interest rate and currency swaps and are included as a component of interest expense in our consolidated statement of income.