Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Loss

NOTE O. ACCUMULATED OTHER COMPREHENSIVE LOSS

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, 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	)
AOCL as of December 31, 2022	$	5		$	15		$	(42	)	$	(22	)
Other comprehensive (loss) income before reclassifications		—			(2	)		2			—
Amounts reclassified from AOCL		(3	)		(2	)		—			(5	)
Income tax expense		1			1			—			2
Net current period other comprehensive (loss) income	$	(2	)	$	(3	)	$	2		$	(3	)
AOCL as of March 31, 2023	$	3		$	12		$	(40	)	$	(25	)

	Amounts reclassified from AOCL
AOCL Components	Three months ended March 31, 2023			Three months ended March 31, 2022			Affected line item in the Condensed Consolidated Statements of Comprehensive Income
Interest rate swaps	$	2		$	(3	)	Interest expense, net
Prior service credit		2			3		Other income (expense), net
Recognized actuarial gain		1			—		Other income (expense), net
Total reclassifications, before tax	$	5		$	—		Income before income taxes
Income tax expense		(1	)		—		Income tax expense
Total reclassifications, net of tax	$	4		$	—

Prior service cost and actuarial loss are included in the computation of the Company’s net periodic benefit cost (credit). See "Note M. Employee Benefit Plans” for additional details.