Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2017

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

Note 5 – 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 following tables:

	Three Months Ended September 30,2017 (1)
					Pension and
			Losses on		Other
	Foreign		CashFlow		Postretirement
In millions	Currency		Hedges		Benefits		Total
Balance, June 30, 2017	$	(129)	$	(4)	$	(173)	$	(306)
Other comprehensive income before reclassifications		8		—		—		8
Amounts reclassified from accumulated other comprehensive income (2)		—		—		151		151
Net other comprehensive income		8		—		151		159
Balance, September 30, 2017	$	(121)	$	(4)	$	(22)	$	(147)

	Three Months Ended September 30,2016 (1)
					Pension and
			Losses on		Other
	Foreign		CashFlow		Postretirement
	Currency		Hedges		Benefits		Total
Balance, June 30, 2016	$	(125)	$	(6)	$	(186)	$	(317)
Other comprehensive income (loss) before reclassifications		(3)		—		—		(3)
Amounts reclassified from accumulated other comprehensive income (2)		—		1		—		1
Net other comprehensive income (loss)		(3)		1		—		(2)
Balance, September 30, 2016	$	(128)	$	(5)	$	(186)	$	(319)

	Nine Months Ended September 30, 2017 (1)
					Pension and
			Losses on		Other
	Foreign		CashFlow		Postretirement
	Currency		Hedges		Benefits		Total
Balance, December 31, 2016	$	(127)	$	(5)	$	(173)	$	(305)
Other comprehensive income before reclassifications		6		—		—		6
Amounts reclassified from accumulated other comprehensive income (2)		—		1		151		152
Net other comprehensive income		6		1		151		158
Balance, September 30, 2017	$	(121)	$	(4)	$	(22)	$	(147)

	Nine Months Ended September 30,2016 (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		37		—		—		37
Amounts reclassified from accumulated other comprehensive income (2)		—		2		—		2
Net other comprehensive income		37		2		—		39
Balance, September 30, 2016	$	(128)	$	(5)	$	(186)	$	(319)

(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 statements 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 statements of income.