NOTE 3. OTHER COMPREHENSIVE INCOME

Changes in the balances of each component included in accumulated OCI are presented below. All amounts are net of tax

and exclude noncontrolling interest.

Foreign Currency Translation Adjustment

Net Unrealized Gains (Losses) on Available-for-Sale Securities

Net Unrealized Gains (Losses) on Cash Flow Hedges

Defined Benefit Postretirement Plans

Accumulated Other Comprehensive Income

Balance as of December 31, 2016

$

(1,995)

$

541

$

744

$

5,671

$

4,961

Other comprehensive income

(loss) before reclassifications

20

187

371

1,083

1,661

Amounts reclassified

from accumulated OCI

-

¹

(185)

¹

39

²

(988)

³

(1,134)

Net other comprehensive

income (loss)

20

2

410

95

527

Amounts reclassified to

retained earnings⁴

(79)

117

248

1,243

1,529

Balance as of December 31, 2017

(2,054)

660

1,402

7,009

7,017

Other comprehensive income

(loss) before reclassifications

(1,030)

(4)

(597)

830

(801)

Amounts reclassified

from accumulated OCI

-

¹

-

¹

13

²

(1,322)

³

(1,309)

Net other comprehensive

income (loss)

(1,030)

(4)

(584)

(492)

(2,110)

Amounts reclassified to

retained earnings⁵

-

(658)

-

-

(658)

Balance as of December 31, 2018

(3,084)

(2)

818

6,517

4,249

Other comprehensive income

(loss) before reclassifications

28

50

(900)

3,457

2,635

Amounts reclassified

from accumulated OCI

-

¹

-

¹

45

²

(1,459)

³

(1,414)

Net other comprehensive

income (loss)

28

50

(855)

1,998

1,221

Balance as of December 31, 2019

$

(3,056)

$

48

$

(37)

$

8,515

$

5,470

¹

(Gains) losses are included in Other income (expense) - net in the consolidated statements of income.

²

(Gains) losses are included in Interest expense in the consolidated statements of income (see Note 13).

³

The amortization of prior service credits associated with postretirement benefits is included in Other income (expense) in the

consolidated statements of income (see Note 15).

⁴

With the adoption of ASU 2018-02, the stranded tax effects resulting from the application of the Tax Cuts and Jobs Act are reclassified

to retained earnings (see Note 1).

⁵

With the adoption of ASU 2016-01, the unrealized (gains) losses on our equity investments are reclassified to retained earnings

(see Note 1).