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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
3 Months Ended
Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in Amounts Included in Our Accumulated Other Comprehensive Loss

Changes in amounts included in our accumulated other comprehensive loss by component are:

 

 

 

QUARTER ENDED

 

DOLLAR AMOUNTS IN MILLIONS

 

MARCH 2024

 

 

MARCH 2023

 

Pension(1)

 

 

 

 

 

 

Balance at beginning of period

 

$

(515

)

 

$

(458

)

Other comprehensive income before reclassifications

 

 

1

 

 

 

1

 

Amounts reclassified from accumulated other comprehensive loss to earnings(2)

 

 

8

 

 

 

6

 

Total other comprehensive income

 

 

9

 

 

 

7

 

Balance at end of period

 

$

(506

)

 

$

(451

)

Other post-employment benefits(1)

 

 

 

 

 

 

Balance at beginning of period

 

$

24

 

 

$

20

 

Other comprehensive loss before reclassifications

 

 

(2

)

 

 

 

Amounts reclassified from accumulated other comprehensive loss to earnings(2)

 

 

1

 

 

 

 

Total other comprehensive loss

 

 

(1

)

 

 

 

Balance at end of period

 

$

23

 

 

$

20

 

Translation adjustments and other

 

 

 

 

 

 

Balance at beginning of period

 

$

198

 

 

$

191

 

Translation adjustments

 

 

(9

)

 

 

 

Total other comprehensive loss

 

 

(9

)

 

 

 

Balance at end of period

 

 

189

 

 

 

191

 

Accumulated other comprehensive loss, end of period

 

$

(294

)

 

$

(240

)

(1)
Amounts presented are net of tax.
(2)
Amounts of actuarial loss and prior service cost are components of net periodic benefit cost. See Note 6: Pension and Other Post-Employment Benefit Plans.