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Changes in Accumulated Other Comprehensive Losses
9 Months Ended
Sep. 30, 2019
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 nine months ended September 30, 2019 and 2018 are reflected in the table below.
Changes in Accumulated Other Comprehensive Income (Loss) by Component(1) 
(Millions of dollars)
 
 
 
 
 
Currency Translation Adjustment
 
Unrealized Holding Gains (Losses) on Securities
 
Derivatives
 
Defined Benefit Plans
 
Total
Balance at December 31, 2017
 
$
(105
)
 
$
(5
)
 
$
(2
)
 
$
(3,477
)
 
$
(3,589
)
Components of Other Comprehensive Income (Loss):
 
 
 
 
 
 
Before Reclassifications
 
(12
)
 
(6
)
 

 
(53
)
 
(71
)
Reclassifications
 

 

 

 
395

 
395

Net Other Comprehensive Income (Loss)
 
(12
)
 
(6
)
 

 
342

 
324

Balance at September 30, 2018
 
$
(117
)
 
$
(11
)
 
$
(2
)
 
$
(3,135
)
 
$
(3,265
)
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2018
 
$
(124
)
 
$
(10
)
 
$
(2
)
 
$
(3,408
)
 
$
(3,544
)
Components of Other Comprehensive Income (Loss):
 
 
 
 
 
 
Before Reclassifications
 
(32
)
 
2

 
2

 
1

 
(27
)
Reclassifications(2)
 

 

 

 
302

 
302

Net Other Comprehensive Income (Loss)
 
(32
)
 
2

 
2

 
303

 
275

Balance at September 30, 2019
 
$
(156
)
 
$
(8
)
 
$

 
$
(3,105
)
 
$
(3,269
)
_______________________________
(1) 
All amounts are net of tax.
(2) 
Refer to Note 9, Employee Benefits for reclassified components totaling $389 million that are included in employee benefit costs for the nine months ended September 30, 2019. Related income taxes for the same period, totaling $87 million, are reflected in "Income Tax Expense" on the Consolidated Statement of Income. All other reclassified amounts were insignificant.