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Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income

The following table summarizes changes in Accumulated other comprehensive income for the three and six months ended June 30, 2015 and 2014:
 
Three Months Ended
 
Six Months Ended
In millions
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Beginning balance
$
(1,226
)
 
$
420

 
$
(658
)
 
$
384

 
 
 
 
 
 
 
 
Foreign currency translation adjustments during the period
153

 
82

 
(374
)
 
110

Foreign currency translation adjustments reclassified to income
—

 
(132
)
 
—

 
(132
)
Income taxes
16

 
—

 
(34
)
 
—

Total foreign currency translation adjustments
169

 
(50
)
 
(408
)
 
(22
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefit adjustments during the period
—

 
(41
)
 
(2
)
 
(41
)
Pension and other postretirement benefit adjustments reclassified to income
15

 
19

 
30

 
29

Income taxes
(4
)
 
11

 
(8
)
 
9

Total pension and other postretirement benefit adjustments
11

 
(11
)
 
20

 
(3
)
 
 
 
 
 
 
 
 
Ending balance
$
(1,046
)
 
$
359

 
$
(1,046
)
 
$
359



Foreign currency translation adjustments reclassified to income are primarily related to the disposal of certain discontinued operations. Refer to the Discontinued Operations note for additional information. Pension and other postretirement benefit adjustments reclassified to income primarily relate to the amortization of actuarial (gain) loss and prior service cost. Refer to the Pension and Other Postretirement Benefits note for additional information.

The Company designated the €1.0 billion of Euro notes issued in May 2015 and the €1.0 billion of Euro notes issued in May 2014 as hedges of a portion of its net investment in Euro-denominated foreign operations to reduce foreign currency risk associated with the investment in these operations. The carrying values of the Euro notes were $1.1 billion and $1.1 billion, respectively, as of June 30, 2015. Changes in the value of this debt resulting from fluctuations in the Euro to U.S. dollar exchange rate have been recorded as foreign currency translation adjustments within Accumulated other comprehensive income. The unrealized gain recorded in Accumulated other comprehensive income related to the net investment hedge was $250 million and $158 million as of June 30, 2015 and December 31, 2014, respectively.

The ending balance of Accumulated other comprehensive income as of June 30, 2015 and 2014 consisted of cumulative translation adjustment expense of $673 million and income of $652 million, respectively, and unrecognized pension and other postretirement benefits costs, net of tax, of $373 million and $293 million, respectively.