Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2019

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

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Information Relating to 2019

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

	Pension Plans			Post-Retirement Benefit Plans		Foreign Currency Translation Adjustment and Other		Interest Rate Swap		Total
	(Dollars in millions)
Balance at December 31, 2018	$	(2,173	)	(58	)	(230	)	—		(2,461	)
Other comprehensive loss before reclassifications	—			—		(115	)	(54	)	(169	)
Amounts reclassified from accumulated other comprehensive loss	122			9		—		—		131
Net current-period other comprehensive income (loss)	122			9		(115	)	(54	)	(38	)
Balance at September 30, 2019	$	(2,051	)	(49	)	(345	)	(54	)	(2,499	)

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

Three Months Ended September 30, 2019	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	$	54		Other income, net
Prior service cost	3			Other income, net
Total before tax	57
Income tax benefit	(14		)	Income tax expense
Net of tax	$	43

Nine Months Ended September 30, 2019	Increase (Decrease) in Net Loss			Affected Line Item in Consolidated Statement of Operations
	(Dollars in millions)
Amortization of pension & post-retirement plans(1)
Net actuarial loss	$	167		Other income, net
Prior service cost	7			Other income, net
Total before tax	174
Income tax benefit	(43		)	Income tax expense
Net of tax	$	131

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

Information Relating to 2018

The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheets by component for the nine months ended September 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	—			—		(161	)	(161	)
Amounts reclassified from accumulated other comprehensive loss	97			11		—		108
Net current-period other comprehensive income	97			11		(161	)	(53	)
Cumulative effect of adoption of ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income	(375		)	(32	)	—		(407	)
Balance at September 30, 2018	$	(2,009	)	(256	)	(190	)	(2,455	)

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

Three Months Ended September 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	(11		)	Income tax expense
Net of tax	$	37

Nine Months Ended September 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	$	134		Other income, net
Prior service cost	9			Other income, net
Total before tax	143
Income tax benefit	(35		)	Income tax expense
Net of tax	$	108

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(1)

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