Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2016

Comprehensive Income (Loss) [Abstract]

Comprehensive Income (Loss)

(12) Comprehensive Income (Loss):

Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting shareholders’ investment and pension/postretirement benefit (OPEB) liabilities that, under GAAP, are excluded from net loss.

The components of accumulated other comprehensive loss, net of tax at June 30, 2016 and 2015, and changes for the six months then ended, are as follows:

($ in millions)	Pension Costs		OPEB Costs		Deferred Taxes on Pension and OPEB Costs		Total
Balance at January 1, 2016	$	(584)	$	20	$	211	$	(353)
Other comprehensive income (loss) before reclassifications		-		-		-		-
Amounts reclassified from accumulated other comprehensive loss		21		(4)		(6)		11
Net current-period other comprehensive income (loss)		21		(4)		(6)		11
Balance at June 30, 2016	$	(563)	$	16	$	205	$	(342)

	Pension Costs		OPEB Costs		Deferred Taxes on Pension and OPEB Costs		Total
Balance at January 1, 2015	$	(532)	$	(119)	$	247	$	(404)
Other comprehensive income (loss) before reclassifications		-		-		(2)		(2)
Amounts reclassified from accumulated other comprehensive loss		13		3		(6)		10
Net current-period other comprehensive income (loss)		13		3		(8)		8
Balance at June 30, 2015	$	(519)	$	(116)	$	239	$	(396)

The significant items reclassified from each component of accumulated other comprehensive loss for the three and six months ended June 30, 2016 and 2015 are as follows:

	Amount Reclassified from
($ in millions)	Accumulated Other Comprehensive Loss (a)
Details about Accumulated Other	For the three months ended June 30,				For the six months ended June 30,				Affected Line Item in the Statement Where
Comprehensive Loss Components	2016		2015		2016		2015		Net Income (Loss) is Presented
Amortization of Pension Cost Items (b)
Actuarial gains (losses)	$	(10)	$	(6)	$	(21)	$	(13)	Income (loss) before income taxes
Tax impact		4		2		8		5	Income tax (expense) benefit
	$	(6)	$	(4)	$	(13)	$	(8)	Net income (loss)
Amortization of OPEB Cost Items (b)
Prior-service costs	$	3	$	1	$	5	$	2
Actuarial gains (losses)		(1)		(2)		(1)		(5)
		2		(1)		4		(3)	Income (loss) before income taxes
Tax impact		(1)		-		(2)		1	Income tax (expense) benefit
	$	1	$	(1)	$	2	$	(2)	Net income (loss)

(a) Amounts in parentheses indicate losses.

(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs (see Note 13 - Retirement Plans for additional details).