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Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2021
Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss), Net Of Tax

Pension

OPEB

($ in millions)

Costs

Costs

Total

Balance at January 1, 2021 (Predecessor) (1)

$

(699)

$

(56)

$

(755)

Other comprehensive income (loss)

before reclassifications

270 

74 

344 

Amounts reclassified from accumulated other

comprehensive loss to net loss

19 

(4)

15 

Net current-period other comprehensive

income (loss)

289 

70 

359 

Cancellation of Predecessor equity

410 

(14)

396 

Balance at April 30, 2021 (Predecessor) (1)

$

-

$

-

$

-

Balance at April 30, 2021 (Successor) (1)

$

-

$

-

$

-

Other comprehensive income (loss)

before reclassifications

-

42 

42 

Amounts reclassified from accumulated other

comprehensive loss to net loss

-

(1)

(1)

Net current-period other comprehensive

income (loss)

-

41 

41 

Balance at June 30, 2021 (Successor) (1)

$

-

$

41 

$

41 

Pension

OPEB

($ in millions)

Costs

Costs

Total

Balance at January 1, 2020 (Predecessor) (1)

$

(684)

$

34 

$

(650)

Other comprehensive income (loss)

before reclassifications

(525)

(15)

(540)

Amounts reclassified from accumulated other

comprehensive loss to net loss

208 

(5)

203 

Net current-period other comprehensive

income (loss)

(317)

(20)

(337)

Balance at June 30, 2020 (Predecessor) (1)

$

(1,001)

$

14 

$

(987)

(1)Pension and OPEB amounts are net of tax of $234 million and $204 million as of January 1, 2021 and 2020, respectively and $14 million and $280 million as of June 30, 2021 and 2020, respectively.
Reclassification Out Of AOCI

Amount Reclassified from

Accumulated Other

Comprehensive Loss (1)

Successor

Predecessor

For the two months

For the one month

For the three months

Affected Line Item in the

ended June 30,

ended April 30,

ended June 30,

Statement Where Net

($ in millions)

2021

2021

2020

Income (Loss) is presented

Amortization of Pension

Cost Items:

Actuarial gains (losses)

$

-

$

(6)

$

(30)

One-time loss on disposal

-

-

(61)

Pension settlement costs

-

-

(56)

-

(6)

(147)

Income (Loss) before income taxes

Tax impact

-

1 

29 

Income tax benefit

$

-

$

(5)

$

(118)

Net income (loss)

Amortization of OPEB

Cost Items:

Prior-service costs

$

1 

$

3 

$

8 

Actuarial gains (losses)

-

(2)

(1)

One-time loss on disposal

-

-

(7)

1 

1 

-

Income (Loss) before income taxes

Tax impact

-

-

-

Income tax benefit

$

1 

$

1 

$

-

Net income (loss)

Amount Reclassified from

Accumulated Other

Comprehensive Loss (1)

Successor

Predecessor

For the two months

For the four months

For the six months

Affected Line Item in the

ended June 30,

ended April 30,

ended June 30,

Statement Where Net

($ in millions)

2021

2021

2020

Income (Loss) is presented

Amortization of Pension

Cost Items

Actuarial gains (losses)

$

-

$

(24)

$

(47)

One-time loss on disposal

-

-

(61)

Pension settlement costs

-

-

(159)

-

(24)

(267)

Income (Loss) before income taxes

Tax impact

-

5 

59 

Income tax benefit

$

-

$

(19)

$

(208)

Net income (loss)

Amortization of OPEB

Cost Items

Prior-service costs

$

1 

$

10 

$

16 

Actuarial gains (losses)

-

(5)

(3)

One-time loss on disposal

-

-

(7)

1 

5 

6 

Income (Loss) before income taxes

Tax impact

-

(1)

(1)

Income tax benefit

$

1 

$

4 

$

5 

Net income (loss)

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs (see Note 18 - Retirement Plans for additional details).