Shareholders' Equity

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Shareholders' Equity

Shareholders' Equity

Accumulated Other Comprehensive Loss

Changes in Accumulated other comprehensive loss (AOCI) by component for the six and three months ended June 30, 2022 and 2021 were as follows:

	Currency Translation Adjustments	Unrealized Gains and Losses on Certain Investments	Unrealized Gains and Losses on Derivative Instruments		Defined Benefit Pension Plans & Other Postretirement Benefits		Total (1)
Balance at January 1, 2021	($30)	$1	($43)		($17,061)		($17,133)
Other comprehensive (loss)/income before reclassifications	(22)		65		10		53
Amounts reclassified from AOCI			(2)		421	(2)	419
Net current period Other comprehensive (loss)/income	(22)		63		431		472
Balance at June 30, 2021	($52)	$1	$20		($16,630)		($16,661)
Balance at January 1, 2022	($105)	$1	$6		($11,561)		($11,659)
Other comprehensive loss before reclassifications	(52)		(74)				(126)
Amounts reclassified from AOCI			30	(3)	268	(2)	298
Net current period Other comprehensive (loss)/income	(52)		(44)		268		172
Balance at June 30, 2022	($157)	$1	($38)		($11,293)		($11,487)
Balance at March 31, 2021	($66)	$1	($34)		($16,853)		($16,952)
Other comprehensive income before reclassifications	14		54		8		76
Amounts reclassified from AOCI					215	(2)	215
Net current period Other comprehensive income	14		54		223		291
Balance at June 30, 2021	($52)	$1	$20		($16,630)		($16,661)
Balance at March 31, 2022	($81)	$1	$135		($11,425)		($11,370)
Other comprehensive loss before reclassifications	(76)		(168)				(244)
Amounts reclassified from AOCI			(5)		132	(2)	127
Net current period Other comprehensive (loss)/income	(76)		(173)		132		(117)
Balance at June 30, 2022	($157)	$1	($38)		($11,293)		($11,487)

(1)     Net of tax.

(2)    Primarily relates to amortization of actuarial losses for the six and three months ended June 30, 2022 of $314 and $155 (net of tax of ($84) and ($44)) and the six and three months ended June 30, 2021 totaling $463 and $235 (net of tax of ($122) and ($57)). These are included in the net periodic pension cost.

(3)    Includes losses of $39 (net of tax of ($11)) from cash flow hedges reclassified to Other income, net because the forecasted transactions are no longer probable of occurring.