Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2016

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-month periods ended March 31, 2016 and 2015, 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 Gains (Losses)			Total Gains (Losses)
Balance as of January 1, 2016	$	6	$	(3,124	)	$	(1,102	)	$	(4,220	)
Other comprehensive income (loss) before reclassifications	—		80			13			93
Amounts reclassified from accumulated other comprehensive income	—		30			—			30
Net current period other comprehensive income (loss)	—		110			13			123
Balance as of March 31, 2016	$	6	$	(3,014	)	$	(1,089	)	$	(4,097	)

(In millions of dollars)	Unrealized Investment Gains		Pension/Post-Retirement Plans Gains (Losses)			Foreign Currency Translation Gains (Losses)			Total Gains (Losses)
Balance as of January 1, 2015	$	5	$	(3,393	)	$	(459	)	$	(3,847	)
Other comprehensive income (loss) before reclassifications	—		128			(423		)	(295		)
Amounts reclassified from accumulated other comprehensive income	—		52			—			52
Net current period other comprehensive income (loss)	—		180			(423		)	(243		)
Balance as of March 31, 2015	$	5	$	(3,213	)	$	(882	)	$	(4,090	)

The components of other comprehensive income (loss) for the three-month periods ended March 31, 2016 and 2015 are as follows:

Three Months Ended March 31,	2016								2015
(In millions of dollars)	Pre-Tax			Tax		Net of Tax			Pre-Tax			Tax (Credit)			Net of Tax
Foreign currency translation adjustments	$	13		$	—	$	13		$	(426	)	$	(3	)	$	(423	)
Pension/post-retirement plans:
Amortization of losses (gains) included in net periodic pension cost:
Prior service cost (a)	1			—		1			—			—			—
Net actuarial losses (a)	41			12		29			77			25			52
Subtotal	42			12		30			77			25			52
Effect of remeasurement	(1		)	—		(1		)	(4		)	(1		)	(3		)
Effect of settlement	1			—		1			—			—			—
Plan Termination	—			—		—			(6		)	(2		)	(4		)
Foreign currency translation gains	97			16		81			169			34			135
Other	(1		)	—		(1		)	—			—			—
Pension/post-retirement plans gains	138			28		110			236			56			180
Other comprehensive gains (losses)	$	151		$	28	$	123		$	(190	)	$	53		$	(243	)
(a) Components of net periodic pension cost are included in compensation and benefits in the Consolidated Statements of Income. Income tax credits on prior service losses and net actuarial losses are included in income tax expense.