Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Changes in the balances of each component of AOCI for the three months ended March 31,2016 and 2015 were as follows:

	Derivatives						Defined Benefit Plans						Foreign Currency Translation						AOCI
(millions)	2016			2015			2016			2015			2016			2015			2016			2015
Balance as of January 1	$	20		$	16		$	(221	)	$	(302	)	$	(113	)	$	(52	)	$	(314	)	$	(338	)
Other comprehensive income (loss) before reclassifications, net of tax	(8		)	(1		)	(3		)	6			24			(34		)	13			(29		)
Less: Amounts reclassified from AOCI, net of tax	(2		)	(2		)	—			(1		)	—			—			(2		)	(3		)
Net other comprehensive income (loss)	(6		)	1			(3		)	7			24			(34		)	15			(26		)
Balance as of March 31	$	14		$	17		$	(224	)	$	(295	)	$	(89	)	$	(86	)	$	(299	)	$	(364	)

Amounts reclassified from AOCI, net of tax, for the three months ended March 31, 2016 and 2015, were as follows:

	Three months ended March 31,
(millions)	2016			2015
Derivatives
Net reclassification from AOCI for cash flow hedges included in cost of products sold	$	(3	)	$	(2	)
Less: Income tax expense on reclassification from AOCI included in income tax expense (benefit)	(1		)	—
Net amount reclassified from AOCI	$	(2	)	$	(2	)
Defined Benefit Plans
Net reclassification from AOCI for amortization of prior service benefit included in cost of products sold	$	(2	)	$	(1	)
Net reclassification from AOCI for amortization of prior service cost included in selling and administrative expenses	2			(1		)
Less: Income tax expense on reclassification from AOCI included in income tax expense (benefit)	—			(1		)
Net amount reclassified from AOCI	$	—		$	(1	)
Foreign Currency Translation
Net reclassification from AOCI for translation gains realized upon the deconsolidation of foreign subsidiaries included in selling and administrative expenses	$	—		$	—
Less: Income tax expense on reclassification from AOCI included in income tax expense (benefit)	—			—
Net amount reclassified from AOCI	$	—		$	—

We estimate that we will reclassify a net $8 million after-tax loss on derivatives from AOCI to earnings within the next 12 months.