Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2022

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The table below presents the components of the Company's accumulated other comprehensive income (loss), net of tax ("AOCI") (in millions):


	Pension and Other Postretirement Liabilities			Investments and Other		Deferred Taxes (a)		Total

Balance at March 31, 2022	$	(839)		$	—	$	(98)	$	(937)
Changes in value	6			(14)		2		(6)
Amounts reclassified to earnings	(1)		(b)	—		—		(1)
Balance at June 30, 2022	$	(834)		$	(14)	$	(96)	$	(944)

Balance at December 31, 2021	$	(847)		$	—	$	(95)	$	(942)
Changes in value	14			(14)		(1)		(1)
Amounts reclassified to earnings	(1)		(b)	—		—		(1)
Balance at June 30, 2022	$	(834)		$	(14)	$	(96)	$	(944)

Balance at March 31, 2021	$	(1,084)		$	1	$	(43)	$	(1,126)
Changes in value	11			—		(2)		9
Amounts reclassified to earnings	5		(b)	—		(2)		3
Balance at June 30, 2021	$	(1,068)		$	1	$	(47)	$	(1,114)

Balance at December 31, 2020	$	(1,102)		$	2	$	(39)	$	(1,139)
Changes in value	24			(1)		(5)		18
Amounts reclassified to earnings	10		(b)	—		(3)		7
Balance at June 30, 2021	$	(1,068)		$	1	$	(47)	$	(1,114)

(a) Relates primarily to pension and other postretirement benefit liabilities and includes approximately $285 million of deferred income tax expense that will not be recognized in net income until these obligations are fully extinguished. We consider all income sources, including other comprehensive income, in determining the amount of tax benefit allocated to results from operations.

(b) This AOCI component is included in the computation of net periodic pension and other postretirement costs (see Note 5 of this report for additional information).