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Other Comprehensive Earnings
 9 Months Ended
Sep. 30, 2014
Other Comprehensive Earnings [Abstract]  
Other Comprehensive Earnings

9.     Other Comprehensive Earnings 

 

Components of other comprehensive earnings consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Foreign currency translation:

 

 

 

 

 

 

 

 

 

 

 

 

Beginning accumulated foreign currency translation

 

$
1,442 

 

$
1,542 

 

$
1,448 

 

$
1,996 

Change in cumulative translation adjustment

 

 
(299)

 

 
182 

 

 
(306)

 

 
(294)

Income tax benefit (expense)

 

 
20 

 

 
(9)

 

 
21 

 

 
13 

Ending accumulated foreign currency translation

 

 
1,163 

 

 
1,715 

 

 
1,163 

 

 
1,715 

Pension and postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

Beginning accumulated pension and postretirement benefits

 

 
(172)

 

 
(216)

 

 
(180)

 

 
(225)

Recognition of net actuarial loss and prior service cost in earnings (1)

 

 
4 

 

 
6 

 

 
15 

 

 
18 

Income tax expense

 

 
(2)

 

 
(3)

 

 
(5)

 

 
(6)

Ending accumulated pension and postretirement benefits

 

 
(170)

 

 
(213)

 

 
(170)

 

 
(213)

Accumulated other comprehensive earnings, net of tax

 

$
993 

 

$
1,502 

 

$
993 

 

$
1,502 

__________________________

(1)  These accumulated other comprehensive earnings components are included in the computation of net periodic benefit cost, which is a component of general and administrative expenses on the accompanying comprehensive statements of earnings (see Note 15 for additional details).