Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2022

Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss), Net Of Tax

	Pension		OPEB
($ in millions)	Costs		Costs		Total
Balance at January 1, 2022 (Successor) (1)	$	-	$	60	$	60
Other comprehensive income
before reclassifications		-		6		6
Amounts reclassified from accumulated other
comprehensive income to net income		-		(4)		(4)
Net current-period other comprehensive
income		-		2		2
Balance at June 30, 2022 (Successor) (1)	$	-	$	62	$	62
	Pension		OPEB
($ in millions)	Costs		Costs		Total
Balance at January 1, 2021 (Predecessor) (1)	$	(699)	$	(56)	$	(755)
Other comprehensive income
before reclassifications		270		74		344
Amounts reclassified from accumulated other
comprehensive loss to net income		19		(4)		15
Net current-period other comprehensive
income		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
before reclassifications		-		42		42
Amounts reclassified from accumulated other
comprehensive income to net income		-		(1)		(1)
Net current-period other comprehensive
income		-		41		41
Balance at June 30, 2021 (Successor) (1)	$	-	$	41	$	41

⁽¹⁾ Pension and OPEB amounts are net of tax of $15 million and $234 million as of January 1, 2022 and 2021, respectively and $17 million and $14 million as of June 30, 2022 and 2021, respectively.

Reclassification Out Of AOCI

	Successor		Successor		Predecessor
	Amount Reclassified from
	Accumulated Other
	Comprehensive Loss (1)
($ in millions)							Affected Line Item in
	For the three months		For the two months		For the one month		the Statement Where
Details about Accumulated Other	ended June 30,		ended June 30,		ended April 30,		Net Income (Loss)
Comprehensive Loss Components	2022		2021		2021		is Presented
Amortization of Pension Cost Items
Actuarial losses	$	-	$	-	$	(6)
One-time loss on disposal		-		-		-
		-		-		(6)	Income (Loss) before income taxes
Tax impact		-		-		1	Income tax benefit
	$	-	$	-	$	(5)	Net income (loss)
Amortization of OPEB Cost Items
Prior-service costs	$	3	$	1	$	3
Actuarial losses		-		-		(2)
		3		1		1	Income (Loss) before income taxes
Tax impact		(1)		-		-	Income tax benefit
	$	2	$	1	$	1	Net income (loss)

	Successor		Successor		Predecessor
	Amount Reclassified from
	Accumulated Other
	Comprehensive Loss (1)
($ in millions)							Affected Line Item in
	For the six months		For the two months		For the four months		the Statement Where
Details about Accumulated Other	ended June 30,		ended June 30,		ended April 30,		Net Income (Loss)
Comprehensive Loss Components	2022		2021		2021		is Presented
Amortization of Pension Cost Items
Actuarial losses	$	-	$	-	$	(24)
One-time loss on disposal		-		-		-
		-		-		(24)	Income (Loss) before income taxes
Tax impact		-		-		5	Income tax benefit
	$	-	$	-	$	(19)	Net income (loss)
Amortization of OPEB Cost Items
Prior-service costs	$	6	$	1	$	10
Actuarial losses		-		-		(5)
		6		1		5	Income (Loss) before income taxes
Tax impact		(2)		-		(1)	Income tax benefit
	$	4	$	1	$	4	Net income (loss)

⁽¹⁾ These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs (See Note 15 - Retirement Plans for additional details).