Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2019

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note 6 — Accumulated Other Comprehensive Income (Loss)

The components of the changes in accumulated other comprehensive income (loss) from continuing operations, net of income taxes, are as follows:


					Cumulative		Cumulative
			Net Actuarial		Unrealized		Gains (Losses)
	Cumulative		(Losses)		Gains (Losses)		on Derivative
	Foreign		and Prior		on		Instruments
	Currency		Service		Marketable		Designated as
	Translation		(Costs) and		Equity		Cash Flow
(in millions)	Adjustments		Credits		Securities		Hedges		Total
Balance at December 31, 2017	$	(3,452)	$	(2,521)	$	(5)	$	(84)	$	(6,062)
Impact of adoption of new accounting standards		—		(337)		5		—		(332)
Other comprehensive income (loss) before reclassifications		(1,488)		(18)		—		58		(1,448)
(Income) loss amounts reclassified from accumulated other comprehensive income (a)		28		150		—		78		256
Net current period other comprehensive income (loss)		(1,460)		132		—		136		(1,192)
Balance at December 31, 2018		(4,912)		(2,726)		—		52		(7,586)
Other comprehensive income (loss) before reclassifications		(12)		(719)		—		2		(729)
(Income) loss amounts reclassified from accumulated other comprehensive income (a)		—		(95)		—		(55)		(150)
Net current period other comprehensive income (loss)		(12)		(814)		—		(53)		(879)
Balance at December 31, 2019	$	(4,924)	$	(3,540)	$	—	$	(1)	$	(8,465)

(a)

Reclassified amounts for foreign currency translation adjustments are recorded in the Consolidated Statement of Earnings as Net Foreign exchange (gain) loss and gains/losses related to cash flow hedges are recorded as Cost of products sold. Net actuarial losses and prior service cost is included as a component of net periodic benefit cost – see Note 15 for additional information.