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Other Comprehensive Earnings
 12 Months Ended
Dec. 31, 2014
Other Comprehensive Earnings [Abstract]  
Other Comprehensive Earnings

 

9.Other Comprehensive Earnings

 

Components of other comprehensive earnings consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

(In millions)

Foreign currency translation:

 

 

 

 

 

 

 

 

Beginning accumulated foreign currency translation

$
1,448 

 

$
1,996 

 

$
1,802 

Change in cumulative translation adjustment

 
(499)

 

 
(574)

 

 
203 

Income tax benefit (expense)

 
34 

 

 
26 

 

 
(9)

Ending accumulated foreign currency translation

 
983 

 

 
1,448 

 

 
1,996 

Pension and postretirement benefit plans:

 

 

 

 

 

 

 

 

Beginning accumulated pension and postretirement benefits

 
(180)

 

 
(225)

 

 
(227)

Net actuarial gain (loss) and prior service cost arising in current year

 
(57)

 

 
48 

 

 
(47)

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

 
20 

 

 
24 

 

 
51 

Income tax benefit (expense)

 
13 

 

 
(27)

 

 
(2)

Ending accumulated pension and postretirement benefits

 
(204)

 

 
(180)

 

 
(225)

Accumulated other comprehensive earnings, net of tax

$
779 

 

$
1,268 

 

$
1,771 

____________________________

(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 consolidated comprehensive statements of earnings (see Note 15 note for additional details).