| Accumulated 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, 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 earnings4 | — | | | (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 | | Other comprehensive income (loss) before reclassifications | (870) | | | 78 | | | (811) | | | 2,250 | | | 647 | | Amounts reclassified from accumulated OCI | — | | 1 | (15) | | 1 | 69 | | 2 | (1,841) | | 3 | (1,787) | | Net other comprehensive income (loss) | (870) | | | 63 | | | (742) | | | 409 | | | (1,140) | | | Balance as of December 31, 2020 | $ | (3,926) | | | $ | 111 | | | $ | (779) | | | $ | 8,924 | | | $ | 4,330 | | 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). | 3The amortization of prior service credits associated with postretirement benefits is included in “Other income (expense) – net” in the consolidated statements of income (see Note 15). | 4With the adoption of ASU 2016-01, the unrealized (gains) losses on our equity investments are reclassified to retained earnings (see Note 1). |
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