Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Amounts Reclassified out of Accumulated Other Comprehensive Income (Loss)

The following table presents a summary of amounts reclassified from accumulated other comprehensive income (loss):


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2020		2019		2020		2019		Income Statement Line
Postretirement and postemployment plans
Amortization of prior service credit	$	5	$	6	$	18	$	19
Amortization of actuarial loss	(2)		(3)		(8)		(7)
Net settlement loss	(9)		—		(25)		(2)
Net curtailment gain	—		—		17		—



	(6)		3		2		10		Other net periodic benefit (costs) credits
Other
U.K. pension plan transferred to buyer (a)(b)	—		83		—		83
Foreign currency translation adjustment related to sale of U.K. business (b)	—		30		—		30
Income taxes related to the sale of U.K. business (b)	—		(46)		—		(46)
	—		67		—		67		Net gain on disposal of assets

Total reclassifications to expense, net of tax (c)	$	(6)	$	70	$	2	$	77	Net income (loss)

(a)See Note 20 for detail on the U.K. pension plan.

(b)See Note 4 for detail on the U.K. disposition.

(c)During 2020 and 2019 we had a full valuation allowance on net federal deferred tax assets in the U.S. and as such, there is no tax impact to our postretirement and postemployment plans other than on the sale of the U.K. business.