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Changes in Accumulated Other Comprehensive Losses
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Losses
Changes in Accumulated Other Comprehensive Losses
The change in Accumulated Other Comprehensive Losses (AOCL) presented on the Consolidated Balance Sheet and the impact of significant amounts reclassified from AOCL on information presented in the Consolidated Statement of Income for the three months ending March 31, 2017, are reflected in the table below.
Changes in Accumulated Other Comprehensive Income (Loss) by Component (1) 
(Millions of Dollars)
 
 
Three Months Ended March, 31, 2017
 
 
Currency Translation Adjustment
 
Unrealized Holding Gains (Losses) on Securities
 
Derivatives
 
Defined Benefit Plans
 
Total
 
 

Balance at January 1
 
$
(162
)
 
$
(2
)
 
$
(2
)
 
$
(3,677
)
 
$
(3,843
)
Components of Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
    Before Reclassifications
 
14

 
(5
)
 

 
2

 
11

    Reclassifications (2)
 

 

 

 
106

 
106

Net Other Comprehensive Income (Loss)
 
14

 
(5
)
 

 
108

 
117

Balance at March 31
 
$
(148
)
 
$
(7
)
 
$
(2
)
 
$
(3,569
)
 
$
(3,726
)
________________________________
(1) All amounts are net of tax.
(2) Refer to Note 10, Employee Benefits for reclassified components totaling $166 million that are included in employee benefit costs for the three months ending March 31, 2017. Related income taxes for the same period, totaling $60 million, are reflected in Income Tax Expense on the Consolidated Statement of Income. All other reclassified amounts were insignificant.