Changes in Other Comprehensive Income

12 Months Ended

Dec. 31, 2014

Changes in Other Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

CHANGES IN OTHER COMPREHENSIVE INCOME

The following table provides the reclassifications out of other comprehensive income for the years ended December 31, 2014 and December 31, 2013. Amounts in the chart below are presented net of tax.

Year Ended December 31, 2014
(in millions)	Foreign Currency Translation Adjustments	Unrealized Gains/Losses on Derivative Financial Instruments	Defined Benefit Pension Items / Other	Total
Beginning Balance	$(16)	$141	$(19)	$106
Other comprehensive income (loss) before reclassifications	(22)	145	(10)	113
(Gain)/Loss reclassified from accumulated other comprehensive income	—	(67)	(8)	(75)
Net current-period other comprehensive income	(22)	78	(18)	38
Ending Balance	$(38)	$219	$(37)	$144
Year Ended December 31, 2013
(in millions)	Foreign Currency Translation Adjustments	Unrealized Gains/Losses on Derivative Financial Instruments	Defined Benefit Pension Items / Other	Total
Beginning Balance	$(26)	$34	$(41)	$(33)
Other comprehensive income (loss) before reclassifications	10	130	31	171
(Gain)/Loss reclassified from accumulated other comprehensive income	—	(23)	(9)	(32)
Net current-period other comprehensive income	10	107	22	139
Ending Balance	$(16)	$141	$(19)	$106

The income tax impact of the amounts in other comprehensive income for unrealized gains/losses on derivative financial instruments before reclassifications was an expense of $83 million in the year ended December 31, 2014 and an expense of $77 million in the year ended December 31, 2013. The gains and losses on derivative financial instruments reclassified from accumulated other comprehensive income were reduced by income tax impacts of $38 million in the year ended December 31, 2014 and $14 million in the year ended December 31, 2013. Refer to Note E – Fair Value Measurements for further detail on the reclassifications related to derivatives.

The income tax impact of the amounts in other comprehensive income for defined benefit and pension items before reclassifications was a benefit of $5 million in the year ended December 31, 2014 and an expense of $15 million in the year ended December 31, 2013. The gains and losses on defined benefit and pension items reclassified from accumulated other comprehensive income were reduced by income tax impacts of $5 million in the year ended December 31, 2014 and $6 million in the year ended December 31, 2013.