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Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) Note
Note 16: Accumulated Other Comprehensive Loss
A summary of the changes in each component of Accumulated other comprehensive loss, net of tax for the quarters and six months ended June 30, 2022 and 2021 is provided below:
(dollars in millions)Foreign Currency TranslationDefined Benefit Pension and Postretirement PlansUnrealized Hedging Gains (Losses)Accumulated Other Comprehensive Income (Loss)
Quarter Ended June 30, 2022
Balance at March 31, 2022$(194)$(1,811)$(110)$(2,115)
Other comprehensive income (loss) before reclassifications, net(708)14 (199)(893)
Amounts reclassified, pre-tax 33 17 50 
Tax benefit (expense) (6)(8)41 27 
Balance at June 30, 2022$(908)$(1,772)$(251)$(2,931)
Six Months Ended June 30, 2022
Balance at December 31, 2021$49 $(1,828)$(136)$(1,915)
Other comprehensive income (loss) before reclassifications, net(950)3 (168)(1,115)
Amounts reclassified, pre-tax2 65 23 90 
Tax benefit (expense) (9)(12)30 9 
Balance at June 30, 2022$(908)$(1,772)$(251)$(2,931)
(dollars in millions)Foreign Currency TranslationDefined Benefit Pension and Postretirement PlansUnrealized Hedging Gains (Losses)Accumulated Other Comprehensive Income (Loss)
Quarter Ended June 30, 2021
Balance at March 31, 2021$529 $(4,441)$(9)$(3,921)
Other comprehensive income (loss) before reclassifications, net258 (14)108 352 
Amounts reclassified, pre-tax— 64 (20)44 
Tax benefit (expense)(11)(21)(30)
Balance at June 30, 2021$789 $(4,402)$58 $(3,555)
Six Months Ended June 30, 2021
Balance at December 31, 2020$710 $(4,483)$39 $(3,734)
Other comprehensive income (loss) before reclassifications, net82 (24)62 120 
Amounts reclassified, pre-tax— 128 (34)94 
Tax benefit (expense)(3)(23)(9)(35)
Balance at June 30, 2021$789 $(4,402)$58 $(3,555)