145
Table of Contents
The following table provides a reconciliation of DowDuPont Common Stock activity for the year ended December 31, 2017 :
|
|
|
|
|
|
Shares of DowDuPont Common Stock
|
Issued
|
Held in Treasury
|
In thousands
|
|
|
Balance at Sep 1, 2017
|
2,338,537
|
|
—
|
|
Issued
|
2,919
|
|
—
|
|
Repurchased
|
—
|
|
14,123
|
|
Balance at Dec 31, 2017
|
2,341,456
|
|
14,123
|
|
Accumulated Other Comprehensive Loss
The following table summarizes the changes and after-tax balances of each component of accumulated other comprehensive loss for the years ended December 31, 2017 , 2016 , and 2015 :
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated Other Comprehensive Loss 1
|
Unrealized Gains (Losses) on Investments
|
Cumulative Translation Adj
|
Pension and Other Postretire Benefits
|
Derivative Instruments
|
Accum Other Comp Loss
|
In millions
|
|
|
|
|
|
2015
|
|
|
|
|
|
Balance at Jan 1, 2015
|
$
|
141
|
|
$
|
(751
|
)
|
$
|
(7,321
|
)
|
$
|
(86
|
)
|
$
|
(8,017
|
)
|
Other comprehensive income (loss) before reclassifications
|
(40
|
)
|
(990
|
)
|
105
|
|
(136
|
)
|
(1,061
|
)
|
Amounts reclassified from accumulated other comprehensive income (loss)
|
(54
|
)
|
4
|
|
447
|
|
14
|
|
411
|
|
Net other comprehensive income (loss)
|
$
|
(94
|
)
|
$
|
(986
|
)
|
$
|
552
|
|
$
|
(122
|
)
|
$
|
(650
|
)
|
Balance at Dec 31, 2015
|
$
|
47
|
|
$
|
(1,737
|
)
|
$
|
(6,769
|
)
|
$
|
(208
|
)
|
$
|
(8,667
|
)
|
2016
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications
|
32
|
|
(644
|
)
|
(1,354
|
)
|
84
|
|
(1,882
|
)
|
Amounts reclassified from accumulated other comprehensive income (loss)
|
(36
|
)
|
—
|
|
734
|
|
29
|
|
727
|
|
Net other comprehensive income (loss)
|
$
|
(4
|
)
|
$
|
(644
|
)
|
$
|
(620
|
)
|
$
|
113
|
|
$
|
(1,155
|
)
|
Balance at Dec 31, 2016
|
$
|
43
|
|
$
|
(2,381
|
)
|
$
|
(7,389
|
)
|
$
|
(95
|
)
|
$
|
(9,822
|
)
|
2017
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications
|
25
|
|
454
|
|
52
|
|
(1
|
)
|
530
|
|
Amounts reclassified from accumulated other comprehensive income (loss)
|
(71
|
)
|
(8
|
)
|
414
|
|
(15
|
)
|
320
|
|
Net other comprehensive income (loss)
|
$
|
(46
|
)
|
$
|
446
|
|
$
|
466
|
|
$
|
(16
|
)
|
$
|
850
|
|
Balance at Dec 31, 2017
|
$
|
(3
|
)
|
$
|
(1,935
|
)
|
$
|
(6,923
|
)
|
$
|
(111
|
)
|
$
|
(8,972
|
)
|
|
|
1.
|
Prior year amounts have been updated to conform with the current year presentation.
|
The tax effects on the net activity related to each component of other comprehensive income (loss) for the years ended December 31, 2017 , 2016 , and 2015 were as follows:
|
|
|
|
|
|
|
|
|
|
|
Tax Benefit (Expense)
|
|
|
|
In millions
|
2017
|
2016
|
2015
|
Unrealized gains (losses) on investments
|
$
|
(26
|
)
|
$
|
2
|
|
$
|
(52
|
)
|
Cumulative translation adjustments
|
98
|
|
171
|
|
(84
|
)
|
Pension and other postretirement benefit plans
|
191
|
|
(438
|
)
|
252
|
|
Derivative instruments
|
4
|
|
32
|
|
(70
|
)
|
Tax benefit (expense) from income taxes related to other comprehensive income (loss) items
|
$
|
267
|
|
$
|
(233
|
)
|
$
|
46
|
|
146
Table of Contents
A summary of the reclassifications out of accumulated other comprehensive loss for the years ended December 31, 2017 , 2016 , and 2015 is provided as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassifications Out of Accumulated Other Comprehensive Loss
|
2017
|
2016
|
2015
|
Consolidated Statements of Income Classification
|
|
|
|
|
|
|
|
In millions
|
|
|
|
|
|
Unrealized gains on investments
|
$
|
(110
|
)
|
$
|
(56
|
)
|
$
|
(84
|
)
|
See (1) below
|
|
Tax expense
|
39
|
|
20
|
|
30
|
|
See (2) below
|
|
After tax
|
$
|
(71
|
)
|
$
|
(36
|
)
|
$
|
(54
|
)
|
|
|
Cumulative translation adjustments
|
$
|
(8
|
)
|
$
|
—
|
|
$
|
4
|
|
See (3) below
|
|
Pension and other postretirement benefit plans
|
$
|
607
|
|
$
|
913
|
|
$
|
665
|
|
See (4) below
|
|
Tax benefit
|
(193
|
)
|
(179
|
)
|
(218
|
)
|
See (2) below
|
|
After tax
|
$
|
414
|
|
$
|
734
|
|
$
|
447
|
|
|
|
Derivative Instruments
|
$
|
(13
|
)
|
$
|
34
|
|
$
|
23
|
|
See (5) below
|
|
Tax benefit
|
(2
|
)
|
(5
|
)
|
(9
|
)
|
See (2) below
|
|
After tax
|
$
|
(15
|
)
|
$
|
29
|
|
$
|
14
|
|
|
|
Total reclassifications for the period, after tax
|
$
|
320
|
|
$
|
727
|
|
$
|
411
|
|
|
|
|
1.
|
"Net sales" and "Sundry income (expense) - net."
|
|
|
2.
|
"Provision (Credit) for income taxes on continuing operations."
|
|
|
3.
|
"Sundry income (expense) - net."
|
|
|
4.
|
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost of the Company's pension and other postretirement plans. See Note 19 for additional information. In the year ended December 31, 2016, $360 million was included in "Sundry income (expense) - net" ( zero impact on "Provision (Credit) for income taxes on continuing operations") related to the DCC transaction. See Note 3 for additional information.
|
|
|
5.
|
"Cost of sales" and "Sundry income (expense) - net."
|
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