Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2019

Comprehensive Income (Loss) [Abstract]

(16) Comprehensive Income (Loss):

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

The components of accumulated other comprehensive income (loss), net of tax at September 30, 2019 and 2018, and changes for the nine month periods then ended, are as follows:



($ in millions)	Pension Costs		OPEB Costs		Total

Balance at January 1, 2019 ⁽¹⁾	$	(489)	$	26	$	(463)
Other comprehensive income (loss)
before reclassifications		-		-		-
Amounts reclassified from accumulated other
comprehensive loss to net loss		31		(6)		25
Net current-period other comprehensive
income (loss)		31		(6)		25
Impact of adoption of ASU 2018-02		(83)		4		(79)
Balance at September 30, 2019 ⁽¹⁾	$	(541)	$	24	$	(517)



($ in millions)	Pension Costs		OPEB Costs		Total

Balance at January 1, 2018 ⁽¹⁾	$	(345)	$	(21)	$	(366)
Other comprehensive income (loss)
before reclassifications		1		1		2
Amounts reclassified from accumulated other
comprehensive loss to net loss		38		(4)		34
Net current-period other comprehensive
income (loss)		39		(3)		36
Balance at September 30, 2018 ⁽¹⁾	$	(306)	$	(24)	$	(330)

⁽¹⁾Pension and OPEB amounts are net of tax of $250 million and $223 million as of January 1, 2019 and 2018, respectively and $163 million and $206 million as of September 30, 2019 and 2018, respectively.

The significant items reclassified from each component of accumulated other comprehensive loss for the three and nine month periods then ended September 30, 2019 and 2018 are as follows:


	Amount Reclassified from
	Accumulated Other Comprehensive Loss⁽¹⁾
($ in millions)
									Affected Line Item in
	For the three months ended				For the nine months ended				the Statement Where
Details about Accumulated Other	September 30,				September 30,				Net Loss
Comprehensive Loss Components	2019		2018		2019		2018		is Presented
Amortization of Pension Cost Items ⁽²⁾
Actuarial gains (losses)	$	(14)	$	(4)	$	(42)	$	(17)
Pension settlement costs		-		(9)		-		(34)
		(14)		(13)		(42)		(51)	Loss before income taxes
Tax impact		4		2		11		13	Income tax benefit
	$	(10)	$	(11)	$	(31)	$	(38)	Net loss

Amortization of OPEB Cost Items ⁽²⁾
Prior-service costs	$	3	$	1	$	7	$	6
Actuarial gains (losses)		(1)		-		1		(1)
		2		1		8		5	Loss before income taxes
Tax impact		-		-		(2)		(1)	Income tax benefit
	$	2	$	1	$	6	$	4	Net loss

⁽¹⁾ Amounts in parentheses indicate losses.

⁽²⁾ These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs (see Note 17 - Retirement Plans for additional details).