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ACCUMULATED OTHER COMPREHENSIVE INCOME | 12 Months Ended
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Dec. 31, 2017
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME | NOTE 14 ACCUMULATED OTHER COMPREHENSIVE INCOME Comprehensive income includes all changes in shareholders’ equity that do not arise from transactions with stockholders, 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 years ended December 31, 2017 and 2016.
(in millions) |  | CTA |  |  | Pension and other employee benefits |  |  | Hedging activities |  |  | Available- for-sale securities |  |  | Total |
Gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2016 |  | $ | (3,438 | ) |  | $ | (1,122 | ) |  | $ | 3 |  |  | $ | 1 |  |  | $ | (4,556 | )
Other comprehensive income (loss) before reclassifications |  |  | 396 |  |  |  | 50 |  |  |  | (18 | ) |  |  | (1 | ) |  |  | 427 |
Amounts reclassified from AOCI |  |  | 29 |  |  |  | 91 |  |  |  | 5 |  |  |  | 3 |  |  |  | 128 |
Net other comprehensive (loss) income |  |  | 425 |  |  |  | 141 |  |  |  | (13 | ) |  |  | 2 |  |  |  | 555 |
Balance as of December 31, 2017 |  | $ | (3,013 | ) |  | $ | (981 | ) |  | $ | (10 | ) |  | $ | 3 |  |  | $ | (4,001 | )
(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 | ) |  | $ | (1,025 | ) |  | $ | 7 |  |  | $ | 4,433 |  |  | $ | 224 |
Other comprehensive income (loss) before reclassifications |  |  | (247 | ) |  |  | (191 | ) |  |  | 1 |  |  |  | 104 |  |  |  | (333 | )
Amounts reclassified from AOCI |  |  | — |  |  |  | 94 |  |  |  | (5 | ) |  |  | (4,536 | ) |  |  | (4,447 | )
Net other comprehensive (loss) income |  |  | (247 | ) |  |  | (97 | ) |  |  | (4 | ) |  |  | (4,432 | ) |  |  | (4,780 | )
Balance as of December 31, 2016 |  | $ | (3,438 | ) |  | $ | (1,122 | ) |  | $ | 3 |  |  | $ | 1 |  |  | $ | (4,556 | )
The following table is a summary of the amounts reclassified from AOCI to net income during the years ended December 31, 2017 and 2016.
|  | Amounts reclassified from AOCI (a) |  |  |
(in millions) |  | 2017 |  |  | 2016 |  |  | Location of impact in income statement
Translation adjustments |  |  |  |  |  |  |  |  |  |
Loss on Venezuela deconsolidation |  | $ | (29 | ) |  | $ | — |  |  | Other income, net
|  |  | (29 | ) |  |  | — |  |  | Total before tax
|  |  | — |  |  |  | — |  |  | Income tax expense (benefit)
|  | $ | (29 | ) |  | $ | — |  |  | Net of tax
Amortization of pension and other employee benefits items |  |  |  |  |  |  |  |  |  |
Actuarial losses and other(b) |  | $ | (137 | ) |  | $ | (130 | ) |  |
|  |  | (137 | ) |  |  | (130 | ) |  | Total before tax
|  |  | 46 |  |  |  | 36 |  |  | Income tax expense (benefit)
|  | $ | (91 | ) |  | $ | (94 | ) |  | Net of tax
Gains (losses) on hedging activities |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | — |  |  | $ | 9 |  |  | Other income, net
Foreign exchange contracts |  |  | (8 | ) |  |  | (3 | ) |  | Cost of sales
|  |  | (8 | ) |  |  | 6 |  |  | Total before tax
|  |  | 3 |  |  |  | (1 | ) |  | Income tax expense (benefit)
|  | $ | (5 | ) |  | $ | 5 |  |  | Net of tax
Available-for-sale securities |  |  |  |  |  |  |  |  |  |
Other-than-temporary impairment of equity securities |  | $ | (5 | ) |  | $ | — |  |  | Other income, net
Gain on available-for-sale equity securities |  |  | — |  |  |  | 4,536 |  |  | Other income, net
|  |  | (5 | ) |  |  | 4,536 |  |  | Total before tax
|  |  | 2 |  |  |  | — |  |  | Income tax expense (benefit)
|  | $ | (3 | ) |  | $ | 4,536 |  |  | Net of tax
Total reclassification for the period |  | $ | (128 | ) |  | $ | 4,447 |  |  | 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 13.
Refer to Note 9 for additional information regarding hedging activity and Note 13 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 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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- References No definition available. + Details
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