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Charges and Credits (Tables)
3 Months Ended
Mar. 31, 2016
Restructuring And Related Activities [Abstract]  
Summary of the Charges

The following is a summary of these charges, all of which were classified as Restructuring & other in the Consolidated Statement of Income:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

Tax

 

 

Net

 

Workforce reduction

$

390

 

 

$

56

 

 

$

334

 

Currency devaluation loss in Venezuela

 

49

 

 

 

-

 

 

 

49

 

 

$

439

 

 

$

56

 

 

$

383