Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated other comprehensive loss (AOCI) by component for the six and three months ended June 30, 2023 and 2022 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, 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 January 1, 2023	($167)		($24)		($9,359)		($9,550)
Other comprehensive income/(loss) before reclassifications	10		(25)		(6)		(21)
Amounts reclassified from AOCI			(2)		(44)		(46)
Net current period Other comprehensive income/(loss)	10		(27)		(50)		(67)
Balance at June 30, 2023	($157)		($51)		($9,409)		($9,617)

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)

Balance at March 31, 2023	($151)		($11)		($9,388)		($9,550)
Other comprehensive (loss)/income before reclassifications	(6)		(43)		1		(48)
Amounts reclassified from AOCI			3		(22)		(19)
Net current period Other comprehensive loss	(6)		(40)		(21)		(67)
Balance at June 30, 2023	($157)		($51)		($9,409)		($9,617)

(1) Net of tax.

(2) Primarily relates to amortization of actuarial losses for the six and three months ended June 30, 2022 totaling $314 and $155 (net of tax of ($84) and ($44)), which 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 probable of not occurring.