Foreign Currency Translation Adjustment | Deferred Gain (Loss) on Hedging Activities | Pension and Other Postretirement Benefit Liabilities Adjustment | Unrealized Gain (Loss) on Investments | Accumulated Other Comprehensive Income (Loss) | |||||||||||||||
(In millions) | |||||||||||||||||||
Balance at December 31, 2012 | $ | 136 | $ | 4 | $ | (590 | ) | $ | — | $ | (450 | ) | |||||||
Other comprehensive income before reclassifications | 131 | (35 | ) | 354 | (157 | ) | 293 | ||||||||||||
Amounts reclassified from AOCI | — | 37 | 60 | 157 | 254 | ||||||||||||||
Tax effect | 2 | (1 | ) | (154 | ) | (1 | ) | (154 | ) | ||||||||||
Net of tax amount | 133 | 1 | 260 | (1 | ) | 393 | |||||||||||||
Balance at December 31, 2013 | $ | 269 | $ | 5 | $ | (330 | ) | $ | (1 | ) | $ | (57 | ) | ||||||
Amount reclassified from AOCI | ||||||
Year Ended | Affected line item in the consolidated | |||||
Details about AOCI components | December 31, 2013 | statement of earnings | ||||
(In millions) | ||||||
Deferred loss (gain) on hedging activities | ||||||
$ | 41 | Cost of products sold | ||||
(1 | ) | Other income/expense | ||||
1 | Interest expense | |||||
(4 | ) | Revenues | ||||
37 | Total before tax | |||||
(14 | ) | Tax on reclassifications | ||||
$ | 23 | Net of tax | ||||
Pension liability adjustment | ||||||
Amortization of defined benefit pension items: | ||||||
Prior service credit | $ | (15 | ) | |||
Actuarial losses | 75 | |||||
60 | Total before tax | |||||
(23 | ) | Tax on reclassifications | ||||
$ | 37 | Net of tax | ||||
Unrealized loss on investments | ||||||
$ | 157 | Asset impairment, exit, and restructuring costs | ||||
(3 | ) | Tax on reclassifications | ||||
$ | 154 | Net of tax | ||||