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Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
The changes in the balances of each component of Accumulated Other Comprehensive Income ("AOCI") for the three- and six-month periods ended June 30, 2015 and 2014, including amounts reclassified out of AOCI, are as follows:
(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total
Balance as of April 1, 2015
$
5

 
$
(3,213
)
 
$
(882
)
 
$
(4,090
)
Other comprehensive income (loss) before reclassifications
—

 
(126
)
 
243

 
117

Amounts reclassified from accumulated other comprehensive income
—

 
50

 
—

 
50

Net current period other comprehensive income (loss)
—

 
(76
)
 
243

 
167

Balance as of June 30, 2015
$
5

 
$
(3,289
)
 
$
(639
)
 
$
(3,923
)
(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total
Balance as of April 1, 2014
$
5

 
$
(2,847
)
 
$
134

 
$
(2,708
)
Other comprehensive income (loss) before reclassifications
—

 
(69
)
 
137

 
68

Amounts reclassified from accumulated other comprehensive income
—

 
33

 
—

 
33

Net current period other comprehensive income (loss)
—

 
(36
)
 
137

 
101

Balance as of June 30, 2014
$
5

 
$
(2,883
)
 
$
271

 
$
(2,607
)
(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total
Balance as of January 1, 2015
$
5

 
$
(3,393
)
 
$
(459
)
 
$
(3,847
)
Other comprehensive income (loss) before reclassifications
—

 
2

 
(180
)
 
(178
)
Amounts reclassified from accumulated other comprehensive income
—

 
102

 
—

 
102

Net current period other comprehensive income (loss)
—

 
104

 
(180
)
 
(76
)
Balance as of June 30, 2015
$
5

 
$
(3,289
)
 
$
(639
)
 
$
(3,923
)

(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total
Balance as of January 1, 2014
$
5

 
$
(2,682
)
 
$
56

 
$
(2,621
)
Other comprehensive income (loss) before reclassifications
—

 
(268
)
 
215

 
(53
)
Amounts reclassified from accumulated other comprehensive income
—

 
67

 
—

 
67

Net current period other comprehensive income (loss)
—

 
(201
)
 
215

 
14

Balance as of June 30, 2014
$
5

 
$
(2,883
)
 
$
271

 
$
(2,607
)

The components of other comprehensive income (loss) for the three- and six-month periods ended June 30, 2015 and 2014 are as follows:
Three Months Ended June 30,
2015
 
2014
(In millions of dollars)
Pre-Tax

Tax

Net of Tax

 
Pre-Tax

Tax

Net of Tax

Foreign currency translation adjustments
$
246

$
3

$
243

 
$
136

$
(1
)
$
137

Pension/post-retirement plans:
 
 
 
 
 
 
 
Amortization of losses (gains) included in net periodic pension cost:
 
 
 
 
 


 
Prior service gains (a)
—

—

—

 
(2
)
(1
)
(1
)
Net actuarial losses (a)
76

26

50

 
49

15

34

Subtotal
76

26

50

 
47

14

33

Effect of remeasurement
1

—

1

 
—

—

—

Effect of settlement
1

—

1

 
—

—

—

Foreign currency translation adjustments
(161
)
(33
)
(128
)
 
(91
)
(20
)
(71
)
Other
—

—

—

 
2

—

2

Pension/post-retirement plans (losses) gains
(83
)
(7
)
(76
)
 
(42
)
(6
)
(36
)
Other comprehensive income (loss)
$
163

$
(4
)
$
167

 
$
94

$
(7
)
$
101

(a) Components of net periodic pension cost are included in compensation and benefits in the Consolidated Statements of Income. Tax on prior service gains and net actuarial losses is included in income tax expense.

Six Months Ended June 30,
2015
 
2014
(In millions of dollars)
Pre-Tax

Tax

Net of Tax

 
Pre-Tax

Tax

Net of Tax

Foreign currency translation adjustments
$
(180
)
$
—

$
(180
)
 
$
207

$
(8
)
$
215

Pension/post-retirement plans:
 
 
 
 
 
 
 
Amortization of losses (gains) included in net periodic pension cost:


 
 
 
 
 
 
 Prior service gains (a)
—

—

—

 
(5
)
(2
)
(3
)
 Net actuarial losses (a)
153

51

102

 
100

30

70

Subtotal
153

51

102

 
95

28

67

Effect of remeasurement
(3
)
(1
)
(2
)
 
(166
)
(33
)
(133
)
Effect of curtailment
—

—

—

 
(65
)
(13
)
(52
)
Effect of settlement
1

—

1

 
—

—

—

Plan Termination
(6
)
(2
)
(4
)
 
—

—

—

Foreign currency translation adjustments
8

1

7

 
(108
)
(22
)
(86
)
Other
—

—

—

 
3

—

3

Pension/post-retirement plans (losses) gains
153

49

104

 
(241
)
(40
)
(201
)
Other comprehensive (loss) income
$
(27
)
$
49

$
(76
)
 
$
(34
)
$
(48
)
$
14

(a) Components of net periodic pension cost are included in compensation and benefits in the Consolidated Statements of Income. Tax on prior service gains and net actuarial losses is included in income tax expense.