Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2020

Comprehensive Income (Loss) [Abstract]

(15) 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 March 31, 2020 and 2019, and changes for the three month periods then ended, are as follows:



($ in millions)	Pension Costs		OPEB Costs		Total

Balance at January 1, 2020 ⁽¹⁾	$	(684)	$	34	$	(650)
Other comprehensive income (loss)
before reclassifications		1		-		1
Amounts reclassified from accumulated other
comprehensive loss to net loss		90		(5)		85
Net current-period other comprehensive
income (loss)		91		(5)		86
Balance at March 31, 2020 ⁽¹⁾	$	(593)	$	29	$	(564)



($ 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		10		(2)		8
Net current-period other comprehensive
income (loss)		10		(2)		8
Impact of adoption of ASU 2018-02		(83)		4		(79)
Balance at March 31, 2019 ⁽¹⁾	$	(562)	$	28	$	(534)

⁽¹⁾Pension and OPEB amounts are net of tax of $204 million and $250 million as of January 1, 2020 and 2019, respectively and $176 million and $169 million as of March 31, 2020 and 2019, respectively.

The significant items reclassified from each component of accumulated other comprehensive loss for the three month periods ended March 31, 2020 and 2019 are as follows:



	Amount Reclassified from
	Accumulated Other
	Comprehensive Loss ⁽¹⁾
($ in millions)					Affected Line Item in
	For the three months ended				the Statement Where
Details about Accumulated Other	March 31,				Net Loss
Comprehensive Loss Components	2020		2019		is Presented
Amortization of Pension Cost Items ⁽²⁾
Actuarial losses	$	(17)	$	(14)
Pension settlement costs		(103)		-
		(120)		(14)	Loss before income taxes
Tax impact		30		4	Income tax benefit
	$	(90)	$	(10)	Net loss

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