XML 46 R19.htm IDEA: XBRL DOCUMENT v3.3.0.814
Changes in Other Comprehensive Income (Notes)
9 Months Ended
Sep. 30, 2015
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 three and nine month periods ended September 30, 2015 and September 30, 2014. Amounts in the chart below are presented net of tax.

Three Months Ended September 30, 2015
 
 
 
 
 
 
 
 
(in millions)
 
Foreign currency translation adjustments
 
Unrealized gains/losses on derivative financial instruments
 
Defined benefit pension items / Other
 
Total
Balance as of June 30, 2015
 
$
(68
)
 
$
204

 
$
(32
)
 
$
104

Other comprehensive income (loss) before reclassifications
 
(12
)
 
8

 

 
(4
)
Amounts reclassified from accumulated other comprehensive income
 

 
(35
)
 
16

 
(19
)
Net current-period other comprehensive income
 
(12
)
 
(27
)
 
16

 
(23
)
Balance as of September 30, 2015
 
$
(80
)
 
$
177

 
$
(16
)
 
$
81

 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2014
 
 
 
 
 
 
 
 
(in millions)
 
Foreign currency translation adjustments
 
Unrealized gains/losses on derivative financial instruments
 
Defined benefit pension items / Other
 
Total
Balance as of June 30, 2014
 
$
(24
)
 
$
86

 
$
(20
)
 
$
42

Other comprehensive income (loss) before reclassifications
 
(15
)
 
99

 

 
84

Amounts reclassified from accumulated other comprehensive income
 

 
(16
)
 

 
(16
)
Net current-period other comprehensive income
 
(15
)
 
83

 

 
68

Balance as of September 30, 2014
 
$
(39
)
 
$
169

 
$
(20
)
 
$
110


 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
 
(in millions)
 
Foreign currency translation adjustments
 
Unrealized gains/losses on derivative financial instruments
 
Defined benefit pension items / Other
 
Total
Balance as of December 31, 2014
 
$
(38
)
 
$
219

 
$
(37
)
 
$
144

Other comprehensive income (loss) before reclassifications
 
(42
)
 
59

 

 
17

Amounts reclassified from accumulated other comprehensive income
 

 
(101
)
 
21

 
(80
)
Net current-period other comprehensive income
 
(42
)
 
(42
)
 
21

 
(63
)
Balance as of September 30, 2015
 
$
(80
)
 
$
177

 
$
(16
)
 
$
81

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
(in millions)
 
Foreign currency translation adjustments
 
Unrealized gains/losses on derivative financial instruments
 
Defined benefit pension items / Other
 
Total
Balance as of December 31, 2013
 
$
(16
)
 
$
141

 
$
(19
)
 
$
106

Other comprehensive income (loss) before reclassifications
 
(23
)
 
72

 
(1
)
 
48

Amounts reclassified from accumulated other comprehensive income
 

 
(44
)
 

 
(44
)
Net current-period other comprehensive income
 
(23
)
 
28

 
(1
)
 
4

Balance as of September 30, 2014
 
$
(39
)
 
$
169

 
$
(20
)
 
$
110



The income tax impact of the amounts in other comprehensive income for unrealized gains and losses on derivative financial instruments before reclassifications was an expense of $5 million in the third quarter of 2015, an expense of $57 million in the third quarter of 2014, an expense of $33 million in the first nine months of 2015 and an expense of $42 million in the first nine months of 2014. The gains and losses on derivative financial instruments reclassified were reduced by income tax impacts of $19 million in the third quarter of 2015, $9 million in the third quarter of 2014, $57 million in the first nine months of 2015 and $25 million in the first nine months of 2014. Refer to Note E – Fair Value Measurements in this Quarterly Report on Form 10-Q for further detail on the reclassifications related to derivatives.

The losses on defined benefit and pension related items reclassified from accumulated other comprehensive income were reduced by income tax impacts of $14 million for the third quarter of 2015 and $17 million for the nine months ended September 30, 2015.