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ACCUMULATED OTHER COMPREHENSIVE INCOME | 3 Months Ended
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Mar. 31, 2016
ACCUMULATED OTHER COMPREHENSIVE INCOME | 11. ACCUMULATED OTHER COMPREHENSIVE INCOME Comprehensive income includes all changes in shareholders’ equity that do not arise from transactions with shareholders, and consists of net income, CTA, pension and other employee benefits, unrealized gains and losses on cash flow hedges and unrealized gains and losses on available-for-sale equity securities. The following table is a net-of-tax summary of the changes in AOCI by component for the three months ended March 31, 2016 and 2015.
(in millions) |  | CTA |  |  | Pension and other employee benefits |  |  | Hedging activities |  |  | Available- for-sale securities |  |  | Total |
Gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2015 |  | $ | (3,191 | ) |  |  | $ (1,064 | ) |  |  | $ 7 |  |  |  | $ 4,472 |  |  |  | $ 224 |
Other comprehensive income before reclassifications |  |  | 92 |  |  |  | (1 | ) |  |  | (3 | ) |  |  | 22 |  |  |  | 110 |
Amounts reclassified from AOCI (a) |  |  | — |  |  |  | 22 |  |  |  | (3 | ) |  |  | (3,388 | ) |  |  | (3,369 | )
Net other comprehensive (loss) income |  |  | 92 |  |  |  | 21 |  |  |  | (6 | ) |  |  | (3,366 | ) |  |  | (3,259 | )
Balance as of March 31, 2016 |  | $ | (3,099 | ) |  |  | $ (1,043 | ) |  |  | $ 1 |  |  |  | $ 1,106 |  |  |  | $ (3,035 | )
(in millions) |  | CTA |  |  | Pension and other employee benefits |  |  | Hedging activities |  |  | Available- for-sale- securities |  |  | Total |
Gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2014 |  | $ | (2,323 | ) |  |  | $ (1,427 | ) |  |  | $ 34 |  |  |  | $ 66 |  |  |  | $ (3,650 | )
Other comprehensive income before reclassifications |  |  | (1,138 | ) |  |  | 33 |  |  |  | 6 |  |  |  | 14 |  |  |  | (1,085 | )
Amounts reclassified from AOCI (a) |  |  | — |  |  |  | 35 |  |  |  | (16 | ) |  |  | 7 |  |  |  | 26 |
Net other comprehensive (loss) income |  |  | (1,138 | ) |  |  | 68 |  |  |  | (10 | ) |  |  | 21 |  |  |  | (1,059 | )
Balance as of March 31, 2015 |  | $ | (3,461 | ) |  |  | $ (1,359 | ) |  |  | $ 24 |  |  |  | $ 87 |  |  |  | $ (4,709 | )
(a) | See table below for details about these reclassifications.
The following is a summary of the amounts reclassified from AOCI to net income during the three months ended March 31, 2016 and 2015.
|  | Amounts reclassified from AOCI (a) |  |  |
(in millions) |  | Three months ended March 31, 2016 |  |  | Three months ended March 31, 2015 |  |  | Location of impact in income statement
Amortization of pension and other employee benefits items |  |  |  |  |  |  |  |  |  |
Actuarial losses and other (b) |  |  | $ (33 | ) |  |  | $ (50 | ) |  |
|  |  | (33 | ) |  |  | (50 | ) |  | Total before tax
|  |  | 11 |  |  |  | 15 |  |  | Tax benefit
|  |  | $ (22 | ) |  |  | $ (35 | ) |  | Net of tax
Gains on hedging activities |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  |  | $ 4 |  |  |  | $ — |  |  | Net interest expense
Foreign exchange contracts |  |  | 1 |  |  |  | 25 |  |  | Cost of sales
|  |  | 5 |  |  |  | 25 |  |  | Total before tax
|  |  | (2 | ) |  |  | (9 | ) |  | Tax expense
|  |  | $ 3 |  |  |  | $ 16 |  |  | Net of tax
Available-for-sale-securities |  |  |  |  |  |  |  |  |  |
Gains on sale of equity securities |  |  | $3,388 |  |  |  | $ — |  |  | Other income, net
Other-than-temporary impairment of equity securities |  |  | — |  |  |  | (9 | ) |  | Other income, net
|  |  | 3,388 |  |  |  | (9 | ) |  | Total before tax
|  |  | — |  |  |  | 2 |  |  | Tax benefit
|  |  | 3,388 |  |  |  | $ (7 | ) |  | Net of tax
Total reclassification for the period |  |  | $3,369 |  |  |  | $ (26 | ) |  | Total net of tax
(a) | Amounts in parentheses indicate reductions to net income.
(b) | These AOCI components are included in the computation of net periodic benefit cost disclosed in Note 10.
Refer to Note 8 for additional information regarding hedging activity and Note 10 for additional information regarding the amortization of pension and other employee benefits items.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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