Changes in Other Comprehensive Income

6 Months Ended

Jun. 30, 2020

Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract]

Comprehensive Income (Loss) Note [Text Block]

NOTE M – CHANGES IN OTHER COMPREHENSIVE INCOME

The following tables provide the reclassifications out of Other comprehensive income (loss), net of tax:

(in millions)	Foreign Currency Translation Adjustments		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of March 31, 2020	$	(35)	$	248	$	(45)	$	168
Other comprehensive income (loss) before reclassifications	(6)		(6)		—		(12)
(Income) loss amounts reclassified from accumulated other comprehensive income	(5)		(20)		—		(25)
Total other comprehensive income (loss)	(11)		(26)		—		(37)
Balance as of June 30, 2020	$	(46)	$	222	$	(45)	$	131

(in millions)	Foreign Currency Translation Adjustments		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of March 31, 2019	$	(46)	$	160	$	(26)	$	87
Other comprehensive income (loss) before reclassifications	8		2		—		10
(Income) loss amounts reclassified from accumulated other comprehensive income	(8)		(11)		—		(19)
Total other comprehensive income (loss)	—		(9)		—		(9)
Balance as of June 30, 2019	$	(46)	$	150	$	(26)	$	78

(in millions)	Foreign Currency Translation Adjustments		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of December 31, 2019	$	142	$	173	$	(45)	$	270
Other comprehensive income (loss) before reclassifications	(178)		86		—		(92)
(Income) loss amounts reclassified from accumulated other comprehensive income	(9)		(37)		—		(47)
Total other comprehensive income (loss)	(187)		48		—		(139)
Balance as of June 30, 2020	$	(46)	$	222	$	(45)	$	131

(in millions)	Foreign Currency Translation Adjustments		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of December 31, 2018	$	(53)	$	111	$	(25)	$	33
Other comprehensive income (loss) before reclassifications	22		58		(1)		79
(Income) loss amounts reclassified from accumulated other comprehensive income	(16)		(18)		—		(34)
Total other comprehensive income (loss)	7		40		(1)		45
Balance as of June 30, 2019	$	(46)	$	150	$	(26)	$	78

Refer to Note D – Hedging Activities and Fair Value Measurements for further detail on our net investment hedges recorded in Foreign currency translation adjustments and our cash flow hedges recorded in Net change in derivative financial instruments.

The gains and losses on defined benefit and pension items before reclassifications and gains and losses on defined benefit and pension items reclassified from Accumulated other comprehensive income (loss), net of tax were reduced by immaterial income tax impacts in the second quarter and first six months of 2020 and 2019.