Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of the entity's accumulated other comprehensive income (loss) by component

The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheet by component for the six months ended June 30, 2019:

	Pension Plans			Post-Retirement Benefit Plans		Foreign Currency Translation Adjustment and Other		Interest Rate Hedges		Total
	(Dollars in millions)
Balance at December 31, 2018	$	(2,173	)	(58	)	(230	)	—		(2,461	)
Other comprehensive loss before reclassifications	—			—		(3	)	(43	)	(46	)
Amounts reclassified from accumulated other comprehensive loss	82			6		—		—		88
Net current-period other comprehensive income (loss)	82			6		(3	)	(43	)	42
Balance at June 30, 2019	$	(2,091	)	(52	)	(233	)	(43	)	(2,419	)

The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheets by component for the six months ended June 30, 2018:

	Pension Plans			Post-Retirement Benefit Plans		Foreign Currency Translation Adjustment and Other		Total
	(Dollars in millions)
Balance at December 31, 2017	$	(1,731	)	(235	)	(29	)	(1,995	)
Other comprehensive income before reclassifications	—			—		(160	)	(160	)
Amounts reclassified from accumulated other comprehensive loss	64			7		—		71
Net current-period other comprehensive income	64			7		(160	)	(89	)
Cumulative effect of adoption of ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income	(375		)	(32	)	—		(407	)
Balance at June 30, 2018	$	(2,042	)	(260	)	(189	)	(2,491	)

Schedule of reclassifications out of accumulated other comprehensive income (loss) by component

The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component for the three and six months ended June 30, 2019:

Three Months Ended June 30, 2019	Decrease (Increase) in Net Loss			Affected Line Item in Consolidated Statement of Operations
	(Dollars in millions)
Amortization of pension & post-retirement plans(1)
Net actuarial loss	$	56		Other income, net
Prior service cost	2			Other income, net
Total before tax	58
Income tax benefit	(14		)	Income tax expense
Net of tax	$	44

Six Months Ended June 30, 2019	Decrease (Increase) in Net Loss			Affected Line Item in Consolidated Statement of Operations
	(Dollars in millions)
Amortization of pension & post-retirement plans(1)
Net actuarial loss	$	113		Other income, net
Prior service cost	4			Other income, net
Total before tax	117
Income tax benefit	(29		)	Income tax expense
Net of tax	$	88

________________________________________________________________________

(1)

See Note 7—Employee Benefits for additional information on our net periodic benefit (expense) income related to our pension and post-retirement plans.

The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component for the three and six months ended June 30, 2018

Three Months Ended June 30, 2018	Decrease (Increase) in Net Income			Affected Line Item in Consolidated Statement of Operations
	(Dollars in millions)
Amortization of pension & post-retirement plans(1)
Net actuarial loss	$	45		Other income, net
Prior service cost	3			Other income, net
Total before tax	48
Income tax benefit	(12		)	Income tax expense
Net of tax	$	36

Six Months Ended June 30, 2018	Decrease (Increase) in Net Income			Affected Line Item in Consolidated Statement of Operations
	(Dollars in millions)
Amortization of pension & post-retirement plans(1)
Net actuarial loss	$	89		Other income, net
Prior service cost	6			Other income, net
Total before tax	95
Income tax benefit	(24		)	Income tax expense
Net of tax	$	71

________________________________________________________________________

(1)

See Note 7—Employee Benefits for additional information on our net periodic benefit (expense) income related to our pension and post-retirement plans.