XML 53 R23.htm IDEA: XBRL DOCUMENT v3.6.0.2
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Activity in allowance for doubtful trade accounts receivable
The activity in the allowance for doubtful accounts receivable for the years ended December 31 is as follows:
 
In millions
2016
 
2015
 
2014
Beginning balance
$
161

 
$
256

 
$
256

Additions charged to bad debt expense
221

 
216

 
185

Write-offs charged to allowance
(96
)
 
(311
)
 
(185
)
Ending balance
$
286

 
$
161

 
$
256
Components of property and equipment
The following are the components of property and equipment at December 31: 

In millions
2016
 
2015
Land
$
1,734

 
$
1,635

Building and improvements
3,226

 
3,168

Fixtures and equipment
10,956

 
10,001

Leasehold improvements
4,494

 
4,015

Software
2,392

 
2,217

 
22,802

 
21,036

Accumulated depreciation and amortization
(12,627
)
 
(11,181
)
Property and equipment, net
$
10,175

 
$
9,855
Reconciliation of the changes in the redeemable noncontrolling interest
Below is a summary of the changes in redeemable noncontrolling interest for the years ended December 31:
In millions
2016
 
2015
Beginning balance
$
39

 
$
—

Acquisition of noncontrolling interest
—

 
39

Net income attributable to noncontrolling interest
1

 
1

Distributions
(2
)
 
(1
)
Purchase of noncontrolling interest
(39
)
 
—

Reclassification to capital surplus in connection with purchase of noncontrolling interest
1

 
—

Ending balance
$
—

 
$
39
Interest Income and Interest Expense
The following are the components of net interest expense for the years ended December 31:
In millions
2016
 
2015
 
2014
Interest expense
$
1,078

 
$
859

 
$
615

Interest income
(20
)
 
(21
)
 
(15
)
Interest expense, net
$
1,058

 
$
838

 
$
600
Schedule of Accumulated Other Comprehensive Income (Loss) by Component
Changes in accumulated other comprehensive income (loss) by component are shown below:
 
Year Ended December 31, 20161)
In millions
Foreign Currency
 
Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefits
 
Total
Balance, December 31, 2015
$
(165
)
 
$
(7
)
 
$
(186
)
 
$
(358
)
     Other comprehensive income before
       reclassifications
38

 
—

 
—

 
38

     Amounts reclassified from accumulated
       other comprehensive income (2)
—

 
2

 
13

 
15

Net other comprehensive income
38

 
2

 
13

 
53

Balance, December 31, 2016
$
(127
)
 
$
(5
)
 
$
(173
)
 
$
(305
)
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2015(1)
 
Foreign Currency
 
Losses on Cash Flow Hedges
 
Pension and Other Postretirement Benefits
 
Total
Balance, December 31, 2014
$
(65
)
 
$
(9
)
 
$
(143
)
 
$
(217
)
     Other comprehensive income (loss) before
       reclassifications
(100
)
 
—

 
(56
)
 
(156
)
     Amounts reclassified from accumulated
       other comprehensive income (2)
—

 
2

 
13

 
15

Net other comprehensive income (loss)
(100
)
 
2

 
(43
)
 
(141
)
Balance, December 31, 2015
$
(165
)
 
$
(7
)
 
$
(186
)
 
$
(358
)

(1)
All amounts are net of tax.
(2)
The amounts reclassified from accumulated other comprehensive income for cash flow hedges are recorded within interest expense, net on the consolidated statement of income. The amounts reclassified from accumulated other comprehensive income for pension and other postretirement benefits are included in operating expenses on the consolidated statement of income.
Discontinued Operations Results
Below is a summary of the results of discontinued operations for the years ended December 31:

In millions
 
2016
 
2015
 
2014
Income (loss) from discontinued operations
 
$
(2
)
 
$
15

 
$
(1
)
Income tax expense
 
1

 
(6
)
 
—

Income (loss) from discontinued operations, net of tax
 
$
(1
)
 
$
9

 
$
(1
)
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following is a reconciliation of the effect of the reclassification on the Company's consolidated balance sheet as of December 31, 2015:
In millions
 
As Previously Reported
 
Adjustments
 
As Revised
Deferred tax assets - current
 
$
1,220

 
$
(1,220
)
 
$
—

Total current assets
 
30,378

 
(1,220
)
 
29,158

Total assets
 
93,657

 
(1,220
)
 
92,437

Deferred tax liabilities - noncurrent
 
5,437

 
(1,220
)
 
4,217

Total liabilities and shareholders’ equity
 
93,657

 
(1,220
)
 
92,437