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Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Schedule of Accumulated 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, 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 April 1, 2016
$
6

 
$
(3,014
)
 
$
(1,089
)
 
$
(4,097
)
Other comprehensive income (loss) before reclassifications
—

 
98

 
(333
)
 
(235
)
Amounts reclassified from accumulated other comprehensive income
—

 
31

 
—

 
31

Net current period other comprehensive income (loss)
—

 
129

 
(333
)
 
(204
)
Balance as of June 30, 2016
$
6

 
$
(2,885
)
 
$
(1,422
)
 
$
(4,301
)
(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
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 Gains (Losses)
Balance as of January 1, 2016
$
6

 
$
(3,124
)
 
$
(1,102
)
 
$
(4,220
)
Other comprehensive income (loss) before reclassifications
—

 
178

 
(320
)
 
(142
)
Amounts reclassified from accumulated other comprehensive income
—

 
61

 
—

 
61

Net current period other comprehensive income (loss)
—

 
239

 
(320
)
 
(81
)
Balance as of June 30, 2016
$
6

 
$
(2,885
)
 
$
(1,422
)
 
$
(4,301
)

(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total Gains (Losses)
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
)
Schedule of Components of Comprehensive Income (Loss)
The components of other comprehensive income (loss) for the three- and six-month periods ended June 30, 2016 and 2015 are as follows:
Three Months Ended June 30,
 
2016
 
2015
(In millions of dollars)
 
Pre-Tax

Tax

Net of Tax

 
Pre-Tax

Tax (Credit)

Net of Tax

Foreign currency translation adjustments
 
$
(334
)
$
(1
)
$
(333
)
 
$
246

$
3

$
243

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


 
Net actuarial losses (a)
 
43

12

31

 
76

26

50

Subtotal
 
43

12

31

 
76

26

50

 Effect of remeasurement
 
—

—

—

 
1

—

1

 Effect of curtailment
 
3

1

2

 
—

—

—

 Effect of settlement
 
—

—

—

 
1

—

1

 Foreign currency translation gains (losses)
 
116

21

95

 
(161
)
(33
)
(128
)
 Other
 
1

—

1

 
—

—

—

Pension/post-retirement plans gains (losses)
 
163

34

129

 
(83
)
(7
)
(76
)
Other comprehensive (loss) income
 
$
(171
)
$
33

$
(204
)
 
$
163

$
(4
)
$
167

(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.

Six Months Ended June 30,
2016
 
2015
(In millions of dollars)
Pre-Tax

Tax

Net of Tax

 
Pre-Tax

Tax (Credit)

Net of Tax

Foreign currency translation adjustments
$
(321
)
$
(1
)
$
(320
)
 
$
(180
)
$
—

$
(180
)
Pension/post-retirement plans:
 
 
 
 
 
 
 
Amortization of losses included in net periodic pension cost:


 
 
 
 
 
 
 Prior service losses (a)
1

—

1

 
—

—

—

 Net actuarial losses (a)
84

24

60

 
153

51

102

Subtotal
85

24

61

 
153

51

102

Effect of remeasurement
(1
)
—

(1
)
 
(3
)
(1
)
(2
)
Effect of curtailment
3

1

2

 
—

—

—

Effect of settlement
1

—

1

 
1

—

1

Plan Termination
—

—

—

 
(6
)
(2
)
(4
)
Foreign currency translation gains
213

37

176

 
8

1

7

Pension/post-retirement plans gains
301

62

239

 
153

49

104

Other comprehensive (loss) income
$
(20
)
$
61

$
(81
)
 
$
(27
)
$
49

$
(76
)
(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.