Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

Reclassifications 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 June 30,				Six Months Ended June 30,
(In millions)	2022		2021		2022		2021		Income Statement Line
Postretirement and postemployment plans
Amortization of prior service credit	$	5	$	5	$	11	$	11	Other net periodic benefit costs
Amortization of actuarial loss	(1)		(1)		(2)		(4)		Other net periodic benefit costs
Net settlement loss	—		(5)		—		(5)		Other net periodic benefit costs
Interest rate swaps
Reclassification of de-designated forward interest rate swaps	—		(30)		—		(28)		Net interest and other
	(1)		—		(2)		—		Provision (benefit) for income taxes
Total reclassifications of (income) expense, net of tax (a)	$	3	$	(31)	$	7	$	(26)	Net income (loss)

(a)During 2021 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 for the three and six months ended June 30, 2021.