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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Loss by Component

The following tables reconcile changes in AOCL by component (net of tax, dollars in millions):

 

 

 

Three months ended

 

 

 

Pension
and OPEB
liability
adjustments

 

 

Interest
rate swaps

 

 

Foreign
currency
items

 

 

Total

 

AOCL as of December 31, 2020

 

$

(19

)

 

$

(46

)

 

$

(24

)

 

$

(89

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

10

 

 

 

(6

)

 

 

4

 

Amounts reclassified from AOCL

 

 

(2

)

 

 

4

 

 

 

 

 

 

2

 

Income tax expense

 

 

 

 

 

(3

)

 

 

 

 

 

(3

)

Net current period other comprehensive (loss) income

 

$

(2

)

 

$

11

 

 

$

(6

)

 

$

3

 

AOCL as of March 31, 2021

 

$

(21

)

 

$

(35

)

 

$

(30

)

 

$

(86

)

AOCL as of December 31, 2021

 

$

(17

)

 

$

(24

)

 

$

(32

)

 

$

(73

)

Other comprehensive income before reclassifications

 

 

 

 

 

22

 

 

 

 

 

 

22

 

Amounts reclassified from AOCL

 

 

(3

)

 

 

3

 

 

 

 

 

 

 

Income tax benefit (expense)

 

 

1

 

 

 

(6

)

 

 

 

 

 

(5

)

Net current period other comprehensive (loss) income

 

$

(2

)

 

$

19

 

 

$

 

 

$

17

 

AOCL as of March 31, 2022

 

$

(19

)

 

$

(5

)

 

$

(32

)

 

$

(56

)

Reclassification out of Accumulated Other Comprehensive Loss

 

 

Amounts reclassified from AOCL

 

 

 

AOCL Components

 

Three months ended
March 31, 2022

 

 

Three months ended
March 31, 2021

 

 

Affected line item in the Condensed
Consolidated Statements of
Comprehensive Income

Interest rate swaps

 

$

(3

)

 

$

(4

)

 

Interest expense, net

Prior service cost

 

 

3

 

 

 

2

 

 

Other (expense) income, net

Total reclassifications, before tax

 

$

 

 

$

(2

)

 

Income before income taxes

Total reclassifications, net of tax

 

$

 

 

$

(2

)