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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2017
Accumulated Other Comprehensive Income  
Accumulated Other Comprehensive Income

Note 3 – Accumulated Other Comprehensive Income

 

Accumulated other comprehensive income consists of foreign currency translation adjustments, unrealized losses on cash flow hedges executed in previous years associated with the issuance of long-term debt, and changes in the net actuarial gains and losses associated with pension and other postretirement benefit plans. The following table summarizes the activity within the components of accumulated other comprehensive income.

 

Changes in accumulated other comprehensive income (loss) by component is shown on the below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2017 (1)

 

 

  

 

 

  

 

  

Pension and

  

 

 

 

 

 

 

 

 

Losses on

 

Other

 

 

 

 

 

 

Foreign

 

Cash Flow

 

Postretirement

 

 

 

 

In millions

 

Currency

 

Hedges

 

Benefits

 

Total

 

Balance, December 31, 2016

 

$

(127)

 

$

(5)

 

$

(173)

 

$

(305)

 

Other comprehensive income before reclassifications

 

 

 8

 

 

—

 

 

—

 

 

 8

 

Amounts reclassified from accumulated other comprehensive income (2)

 

 

—

 

 

 1

 

 

—

 

 

 1

 

Net other comprehensive income

 

 

 8

 

 

 1

 

 

—

 

 

 9

 

Balance, March 31, 2017

 

$

(119)

 

$

(4)

 

$

(173)

 

$

(296)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2016 (1)

 

 

  

 

 

  

 

  

Pension and

  

 

 

 

 

 

 

 

 

Losses on

 

Other

 

 

 

 

 

 

Foreign

 

Cash Flow

 

Postretirement

 

 

 

 

 

 

Currency

 

Hedges

 

Benefits

 

Total

 

Balance, December 31, 2015

 

$

(165)

 

$

(7)

 

$

(186)

 

$

(358)

 

Other comprehensive income before reclassifications

 

 

18

 

 

—

 

 

 —

 

 

18

 

Amounts reclassified from accumulated other comprehensive income (2)

 

 

 —

 

 

 1

 

 

 —

 

 

 1

 

Net other comprehensive income

 

 

18

 

 

 1

 

 

 —

 

 

19

 

Balance, March 31, 2016

 

$

(147)

 

$

(6)

 

$

(186)

 

$

(339)

 

(1)

All amounts are net of tax.

(2)

The amounts reclassified from accumulated other comprehensive income for losses on cash flow hedges are recorded within interest expense, net on the condensed consolidated statement of income. The amounts reclassified from accumulated other comprehensive income for pension and other postretirement benefits are included in other expense on the condensed consolidated statement of income.