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Accumulated Other Comprehensive Income (AOCI)
6 Months Ended
Jun. 30, 2013
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (AOCI)
Accumulated Other Comprehensive Income (AOCI)

The following tables set forth the changes in AOCI by component and the reclassifications out of AOCI for the three and six months ended June 30, 2013:
 
Three months ended June 30, 2013
 
Foreign Currency Translation Adjustment
 
Deferred Gain (Loss) on Hedging Activities
 
Pension Liability Adjustment
 
Unrealized Gain (Loss) on Investments
 
Total
 
(In millions)
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2013
$
(9
)
 
$
11

 
$
(567
)
 
$
(26
)
 
$
(591
)
Other comprehensive income before reclassifications
(72
)
 
(7
)
 
(1
)
 
36

 
(44
)
Amounts reclassified from AOCI

 
(3
)
 
15

 

 
12

Tax effect
(1
)
 
5

 
(11
)
 
(8
)
 
(15
)
Net current period other comprehensive income
(73
)
 
(5
)
 
3

 
28

 
(47
)
Balance at June 30, 2013
$
(82
)
 
$
6

 
$
(564
)
 
$
2

 
$
(638
)
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2013
 
Foreign Currency Translation Adjustment
 
Deferred Gain (Loss) on Hedging Activities
 
Pension Liability Adjustment
 
Unrealized Gain (Loss) on Investments
 
Total
 
(In millions)
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012
$
136

 
$
4

 
$
(590
)
 
$

 
$
(450
)
Other comprehensive income before reclassifications
(220
)
 
2

 
8

 
(1
)
 
(211
)
Amounts reclassified from AOCI

 

 
30

 

 
30

Tax effect
2

 

 
(12
)
 
3

 
(7
)
Net current period other comprehensive income
(218
)
 
2

 
26

 
2

 
(188
)
Balance at June 30, 2013
$
(82
)
 
$
6

 
$
(564
)
 
$
2

 
$
(638
)

 
 
Amount reclassified from AOCI
 
 
 
 
June 30, 2013
 
 
Details about AOCI components
 
Three months ended
 
Six months ended
 
Affected line item in the consolidated statement of earnings
 
 
(In millions)
 
 
 
 
 
 
 
 
 
Deferred gain (loss) on hedging activities
 
 
 
 
 
 
 
 
$
(3
)
 
$
(1
)
 
Cost of products sold
 
 

 
1

 
Net sales and other operating income
 
 
(3
)
 

 
Total before tax
 
 
1

 

 
Tax
 
 
$
(2
)
 
$

 
Net of tax
 
 
 
 
 
 
 
Pension liability adjustment
 
 
 
 
 
 
Amortization of defined benefit pension items:
 
 
 
 
 
 
Prior service costs
 
$
(4
)
 
$
(8
)
 
 
Actuarial gains (losses)
 
19

 
38

 
 
 
 
15

 
30

 
Total before tax
 
 
(11
)
 
(11
)
 
Tax
 
 
$
4

 
$
19

 
Net of tax