Accumulated Other Comprehensive Income/(Loss)

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive Income/(Loss) [Abstract]

Accumulated Other Comprehensive Income/(Loss)

9. Accumulated Other Comprehensive Income/Loss

Reclassifications out of accumulated other comprehensive income/loss were as follows (net of tax):

Millions	Defined  ‎benefit  ‎plans		Foreign currency translation		Total
Balance at January 1, 2020	$	(1,150)	$	(206)	$	(1,356)
Other comprehensive income/(loss) before reclassifications		2		(6)		(4)
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		(233)		-		(233)
Net year-to-date other comprehensive income/(loss), ‎net of taxes of $75 million		(231)		(6)		(237)
Balance at December 31, 2020	$	(1,381)	$	(212)	$	(1,593)
Balance at January 1, 2019	$	(1,192)	$	(223)	$	(1,415)
Other comprehensive income/(loss) before reclassifications		(86)		17		(69)
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		36		-		36
OPEB Plan amendment (Note 5)		92		-		92
Net year-to-date other comprehensive income/(loss), ‎net of taxes of ($15) million		42		17		59
Balance at December 31, 2019	$	(1,150)	$	(206)	$	(1,356)

[a] The accumulated other comprehensive income/loss reclassification components are 1) prior service cost/(credit) and 2) net actuarial loss which are both included in the computation of net periodic pension cost. See Note 5 Retirement Plans for additional details.