ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 17. Accumulated Other Comprehensive Income (Loss)

Total accumulated other comprehensive income (loss) is included in the Consolidated Statement of Shareowners' Equity. Comprehensive Income (Loss) attributable to noncontrolling interest consisted predominantly of net income. The changes in Accumulated Other Comprehensive Income (Loss) are as follows:

		Pretax		Tax		After Tax
Year Ended December 31, 2014
Foreign exchange translation adjustment	$	(1,044)	$	-	$	(1,044)
Pensions and other postretirement benefit adjustments		(1,707)		624		(1,083)
Changes in fair value of available for sale investments		(246)		76		(170)
Changes in fair value of effective cash flow hedges		24		(4)		20
	$	(2,973)	$	696	$	(2,277)
Year Ended December 31, 2013
Foreign exchange translation adjustment	$	(52)	$	-	$	(52)
Pensions and other postretirement benefit adjustments		3,514		(1,311)		2,203
Changes in fair value of available for sale investments		30		(17)		13
Changes in fair value of effective cash flow hedges		(14)		7		(7)
	$	3,478	$	(1,321)	$	2,157
Year Ended December 31, 2012
Foreign exchange translation adjustment	$	282	$	-	$	282
Pensions and other postretirement benefit adjustments		(285)		87		(198)
Changes in fair value of available for sale investments		54		(60)		(6)
Changes in fair value of effective cash flow hedges		35		(8)		27
	$	86	$	19	$	105

Components of Accumulated Other Comprehensive Income (Loss)
	December 31,
	2014		2013
Cumulative foreign exchange translation adjustment	$	(740)	$	304
Pensions and other postretirement benefit adjustments		(728)		355
Fair value of available for sale investments		-		170
Fair value of effective cash flow hedges		9		(11)
	$	(1,459)	$	818

Changes in Accumulated Other Comprehensive Income by Component
							Changes in		Changes in
			Foreign		Pension		Fair Value of		Fair Value of
			Exchange		and Other		Available		Effective
			Translation		Postretirement		for Sale		Cash Flow
			Adjustment		Adjustments		Investments		Hedges		Total
Balance at December 31, 2013		$	304	$	355	$	170	$	(11)	$	818
	Other comprehensive income
	(loss) before reclassifications		(1,044)		(1,284)		15		20		(2,293)
	Amounts reclassified from
	accumulated other
	comprehensive income		-		201		(185)		-		16
	Net current period other
	comprehensive income (loss)		(1,044)		(1,083)		(170)		20		(2,277)
Balance at December 31, 2014		$	(740)	$	(728)	$	-	$	9	$	(1,459)
							Changes in		Changes in
			Foreign		Pension		Fair Value of		Fair Value of
			Exchange		and Other		Available		Effective
			Translation		Postretirement		for Sale		Cash Flow
			Adjustment		Adjustments		Investments		Hedges		Total
Balance at December 31, 2012		$	356	$	(1,848)	$	157	$	(4)	$	(1,339)
	Other comprehensive income
	(loss) before reclassifications		(52)		2,161		140		(30)		2,219
	Amounts reclassified from
	accumulated other
	comprehensive income		-		42		(127)		23		(62)
	Net current period other
	comprehensive income (loss)		(52)		2,203		13		(7)		2,157
Balance at December 31, 2013		$	304	$	355	$	170	$	(11)	$	818

Reclassifications Out of Accumulated Other Comprehensive Income
		Year Ended December 31, 2014
		Affected Line in the Consolidated Statement of Operations
		Product Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Total
Amortization of Pension and
Other Postretirement Items:
Actuarial losses recognized	$	-	$	199	$	38	$	42	$	-	$	279
Prior service (credit)
recognized		-		(1)		-		-		-		(1)
Transition obligation
recognized		-		2		-		-		-		2
Losses (gains) on cash flow
hedges		(5)		-		-		5		-		-
Unrealized gains on available
for sale investments		-		-		-		-		(221)		(221)
Total before tax	$	(5)	$	200	$	38	$	47	$	(221)	$	59
Tax expense (benefit)												(43)
Total reclassifications for the period, net of tax											$	16
		Year Ended December 31, 2013
		Affected Line in the Consolidated Statement of Operations
		Product Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Total
Amortization of Pension and
Other Postretirement Items:
Actuarial losses recognized	$	-	$	62	$	14	$	13	$	-	$	89
Prior service cost
recognized		-		7		1		1		-		9
Transition obligation
recognized		-		2		-		-		-		2
Settlements and
curtailments		-		(30)		(6)		(6)		-		(42)
Losses on cash flow hedges		7		5		-		11		-		23
Unrealized gains on available
for sale investments		-		-		-		-		(195)		(195)
Total before tax	$	7	$	46	$	9	$	19	$	(195)	$	(114)
Tax expense												52
Total reclassifications for the period, net of tax											$	(62)