Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (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 Translation		Defined Benefit Pension and Postretirement Plans		Unrealized 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-tax	2		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 Translation		Defined Benefit Pension and Postretirement Plans		Unrealized 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, net	258		(14)		108		352
Amounts reclassified, pre-tax	—		64		(20)		44
Tax benefit (expense)	2		(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, net	82		(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)