Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss

Accumulated other comprehensive 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.

Three Months Ended March 31,	2016			2015
	(in millions)
Unrealized gains (losses) on cash flow hedging instruments:
Balance at beginning of period	$	(15	)	$	(52	)
Other comprehensive income for period:
Net gains arising during period, net of tax of $4 million and $5 million, respectively	7			9
Reclassification adjustment for losses realized in net income, net of tax of $2 million and $1 million, respectively(1)	1			2
Total other comprehensive income for period	8			11
Balance at end of period	(7		)	(41		)
Pension and postretirement benefit plan liability:
Balance at beginning of period	29			(13		)
Other comprehensive income for period:
Reclassification adjustment for (gains) losses realized in net income, net of tax of $(1) million and $- million, respectively	(1		)	—
Total other comprehensive loss for period	(1		)	—
Balance at end of period	28			(13		)
Total accumulated other comprehensive gain (loss) at end of period	$	21		$	(54	)

⁽¹⁾  The amounts reclassified during the three months ended March 31, 2016 and 2015 relate to interest rate and currency swaps and are included as a component of interest expense in our consolidated statement of income.