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SHAREOWNERS' EQUITY (Tables) | 9 Months Ended
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Sep. 30, 2018
Stockholders' Equity Note [Abstract] |
Schedule of Stockholders Equity | The following is a rollforward of our common stock, additional paid-in capital and retained earnings accounts for the nine months ended September 30, 2018 and 2017 (in millions, except per share amounts):
| 2018 |  | 2017
| Shares |  | Dollars |  | Shares |  | Dollars
Class A Common Stock |  |  |  |  |  |  |
Balance at beginning of period | 173 |  |  | $ | 2 |  |  | 180 |  |  | $ | 2 |
Common stock purchases | (3 | ) |  | — |  |  | (3 | ) |  | — |
Stock award plans | 4 |  |  | — |  |  | 4 |  |  | — |
Common stock issuances | 3 |  |  | — |  |  | 2 |  |  | — |
Conversions of class A to class B common stock | (12 | ) |  | — |  |  | (7 | ) |  | — |
Class A shares issued at end of period | 165 |  |  | $ | 2 |  |  | 176 |  |  | $ | 2 |
Class B Common Stock |  |  |  |  |  |  |
Balance at beginning of period | 687 |  |  | $ | 7 |  |  | 689 |  |  | $ | 7 |
Common stock purchases | (4 | ) |  | — |  |  | (9 | ) |  | — |
Conversions of class A to class B common stock | 12 |  |  | — |  |  | 7 |  |  | — |
Class B shares issued at end of period | 695 |  |  | $ | 7 |  |  | 687 |  |  | $ | 7 |
Additional Paid-In Capital |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | — |  |  |  |  | $ | — |
Stock award plans |  |  | 307 |  |  |  |  | 283 |
Common stock purchases |  |  | (632 | ) |  |  |  | (604 | )
Common stock issuances |  |  | 312 |  |  |  |  | 268 |
Option premiums received (paid) |  |  | 13 |  |  |  |  | 53 |
Balance at end of period |  |  | $ | — |  |  |  |  | $ | — |
Retained Earnings |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 5,852 |  |  |  |  | $ | 4,880 |
Net income attributable to common shareowners |  |  | 4,338 |  |  |  |  | 3,809 |
Dividends ($2.73 and $2.49 per share) |  |  | (2,408 | ) |  |  |  | (2,213 | )
Common stock purchases |  |  | (124 | ) |  |  |  | (748 | )
Reclassification from AOCI pursuant to the early adoption of ASU 2018-02 |  |  | 735 |  |  |  |  | — |
Other |  |  | (16 | ) |  |  |  | — |
Balance at end of period |  |  | $ | 8,377 |  |  |  |  | $ | 5,728 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The activity in AOCI for the nine months ended September 30, 2018 and 2017 is as follows (in millions):
| 2018 |  | 2017
Foreign currency translation gain (loss), net of tax: |  |  |
Balance at beginning of period | $ | (930 | ) |  | $ | (1,016 | )
Translation adjustment (net of tax effect of $26 and $(146)) | (112 | ) |  | 86 |
Reclassification to retained earnings pursuant to the early adoption of ASU 2018-02 | (47 | ) |  | — |
Balance at end of period | (1,089 | ) |  | (930 | )
Unrealized gain (loss) on marketable securities, net of tax: |  |  |
Balance at beginning of period | (2 | ) |  | (1 | )
Current period changes in fair value (net of tax effect of $(2) and $1) | (6 | ) |  | 2 |
Reclassification to earnings (net of tax effect of $1 and $0) | 2 |  |  | (1 | )
Balance at end of period | (6 | ) |  | — |
Unrealized gain (loss) on cash flow hedges, net of tax: |  |  |
Balance at beginning of period | (366 | ) |  | (45 | )
Current period changes in fair value (net of tax effect of $81 and $(162)) | 254 |  |  | (269 | )
Reclassification to retained earnings pursuant to the early adoption of ASU 2018-02 | (79 | ) |  | — |
Reclassification to earnings (net of tax effect of $19 and $(6)) | 61 |  |  | (9 | )
Balance at end of period | (130 | ) |  | (323 | )
Unrecognized pension and postretirement benefit costs, net of tax: |  |  |
Balance at beginning of period | (3,569 | ) |  | (3,421 | )
Remeasurement of plan assets and liabilities (net of tax effect of $0 and $214) (1) | — |  |  | 356 |
Reclassification to retained earnings pursuant to the early adoption of ASU 2018-02 | (609 | ) |  | — |
Reclassification to earnings (net of tax effect of $36 and $56) | 115 |  |  | 94 |
Balance at end of period | (4,063 | ) |  | (2,971 | )
Accumulated other comprehensive income (loss) at end of period | $ | (5,288 | ) |  | $ | (4,224 | )
(1) See note 7 for further information about plan curtailments resulting in remeasurement of plan assets and liabilities.
Schedule of Reclassifications from Accumulated Other Comprehensive Income (Loss) to Earnings | Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the three and nine months ended September 30, 2018 and 2017 is as follows (in millions):
Three Months Ended September 30: |  |  |  |  |
| Amount Reclassified from AOCI |  | Affected Line Item in the Income Statement
| 2018 |  | 2017 |
Unrealized gain (loss) on marketable securities: |  |  |  |  |
Realized loss on sale of securities | $ | (1 | ) |  | $ | 1 |  |  | Investment income and other
Income tax (expense) benefit | — |  |  | — |  |  | Income tax expense
Impact on net income | (1 | ) |  | 1 |  |  | Net income
Unrealized gain (loss) on cash flow hedges: |  |  |  |  |
Interest rate contracts | (6 | ) |  | (6 | ) |  | Interest expense
Foreign exchange contracts | — |  |  | 3 |  |  | Revenue
Income tax (expense) benefit | 1 |  |  | 1 |  |  | Income tax expense
Impact on net income | (5 | ) |  | (2 | ) |  | Net income
Unrecognized pension and postretirement benefit costs: |  |  |  |  |
Prior service costs | (50 | ) |  | (50 | ) |  | Investment income and other
Income tax (expense) benefit | 12 |  |  | 19 |  |  | Income tax expense
Impact on net income | (38 | ) |  | (31 | ) |  | Net income
Total amount reclassified for the period | $ | (44 | ) |  | $ | (32 | ) |  | Net income
Nine Months Ended September 30: |  |  |  |  |
| Amount Reclassified from AOCI |  | Affected Line Item in the Income Statement
| 2018 |  | 2017 |
Unrealized gain (loss) on marketable securities: |  |  |  |  |
Realized loss on sale of securities | (3 | ) |  | 1 |  |  | Investment income and other
Income tax (expense) benefit | 1 |  |  | — |  |  | Income tax expense
Impact on net income | (2 | ) |  | 1 |  |  | Net income
Unrealized gain (loss) on cash flow hedges: |  |  |  |  |
Interest rate contracts | (18 | ) |  | (20 | ) |  | Interest expense
Foreign exchange contracts | (62 | ) |  | 35 |  |  | Revenue
Income tax (expense) benefit | 19 |  |  | (6 | ) |  | Income tax expense
Impact on net income | (61 | ) |  | 9 |  |  | Net income
Unrecognized pension and postretirement benefit costs: |  |  |  |  |
Prior service costs | (151 | ) |  | (150 | ) |  | Investment income and other
Income tax (expense) benefit | 36 |  |  | 56 |  |  | Income tax expense
Impact on net income | (115 | ) |  | (94 | ) |  | Net income
Total amount reclassified for the period | $ | (178 | ) |  | $ | (84 | ) |  | Net income
Schedule of Deferred Compensation and Treasury Stock Activity | Activity in the deferred compensation program for the nine months ended September 30, 2018 and 2017 is as follows (in millions):
| 2018 |  | 2017
Shares |  | Dollars |  | Shares |  | Dollars
Deferred Compensation Obligations: |  |  |  |  |  |  |
Balance at beginning of period |  |  | $ | 37 |  |  |  |  | $ | 45 |
Reinvested dividends |  |  | 2 |  |  |  |  | 2 |
Benefit payments |  |  | (7 | ) |  |  |  | (10 | )
Balance at end of period |  |  | $ | 32 |  |  |  |  | $ | 37 |
Treasury Stock: |  |  |  |  |  |  |
Balance at beginning of period | (1 | ) |  | $ | (37 | ) |  | (1 | ) |  | $ | (45 | )
Reinvested dividends | — |  |  | (2 | ) |  | — |  |  | (2 | )
Benefit payments | — |  |  | 7 |  |  | — |  |  | 10 |
Balance at end of period | (1 | ) |  | $ | (32 | ) |  | (1 | ) |  | $ | (37 | )

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21463-112644 + Details
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