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Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Other Comprehensive Income (Loss) Other Comprehensive Income (Loss)
The changes, net of tax, in the balances of each component of Accumulated Other Comprehensive Income ("AOCI") for the three-month periods ended March 31, 2020 and 2019, including amounts reclassified out of AOCI, are as follows:
(In millions)
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
Balance as of December 31, 2019
$
(3,512
)
 
$
(1,543
)
 
$
(5,055
)
Other comprehensive income before reclassifications
109

 
(930
)
 
(821
)
Amounts reclassified from accumulated other comprehensive income
29

 
—

 
29

Net current period other comprehensive income (loss)
138

 
(930
)
 
(792
)
Balance as of March 31, 2020
$
(3,374
)
 
$
(2,473
)
 
$
(5,847
)
(In millions)
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Gains (Losses)
 
Total Gains (Losses)
Balance as of December 31, 2018
$
(2,953
)
 
$
(1,694
)
 
$
(4,647
)
Other comprehensive income (loss) before reclassifications
(59
)
 
94

 
35

Amounts reclassified from accumulated other comprehensive income
22

 
—

 
22

Net current period other comprehensive income (loss)
(37
)
 
94

 
57

Balance as of March 31, 2019
$
(2,990
)
 
$
(1,600
)
 
$
(4,590
)
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 

The components of other comprehensive income (loss) for the three-month periods ended March 31, 2020 and 2019 are as follows:
Three Months Ended March 31,
 
2020
 
2019
(In millions)
 
Pre-Tax
Tax (Credit)
Net of Tax
 
Pre-Tax
Tax (Credit)
Net of Tax
Foreign currency translation adjustments
 
$
(941
)
$
(11
)
$
(930
)
 
$
96

$
2

$
94

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


 
Prior service credits (a)
 
—

—

—

 
(1
)
—

(1
)
Net actuarial losses (a)
 
40

11

29

 
26

6

20

Effect of settlement (a)
 
—

—

—

 
4

1

3

Subtotal

40

11

29


29

7

22

Foreign currency translation adjustments
 
135

26

109

 
(72
)
(13
)
(59
)
Pension/post-retirement plans gains (loss)
 
175

37

138

 
(43
)
(6
)
(37
)
Other comprehensive (loss) income
 
$
(766
)
$
26

$
(792
)
 
$
53

$
(4
)
$
57

(a) Components of net periodic pension cost are included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.