Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income, Net Of Tax



($ in millions)	Pension Costs		OPEB Costs		Total
Balance at December 31, 2020 (Predecessor) ⁽¹⁾	$	(699)	$	(56)	$	(755)
Other comprehensive income
before reclassifications		270		74		344
Amounts reclassified from accumulated other
comprehensive loss to net loss		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		-		64		64
Amounts reclassified from accumulated other
comprehensive income to net loss		-		(4)		(4)
Net current-period other comprehensive income		-		60		60
Balance at December 31, 2021 (Successor) ⁽¹⁾	$	-	$	60	$	60
Other comprehensive income
before reclassifications		-		30		30
Amounts reclassified from accumulated other
comprehensive income to net income		-		(11)		(11)
Net current-period other comprehensive
income		-		19		19
Balance at December 31, 2022 (Successor) ⁽¹⁾	$	-	$	79	$	79
Other comprehensive income
before reclassifications		-		34		34
Amounts reclassified from accumulated other
comprehensive income to net income		-		(17)		(17)
Net current-period other comprehensive
income		-		17		17
Balance at December 31, 2023 (Successor) ⁽¹⁾	$	-	$	96	$	96

⁽¹⁾Pension and OPEB amounts are net of deferred tax balances of $29 million, $23 million, $15 million, and $234 million as of December 31, 2023, 2022, 2021, and 2020, respectively.

Reclassification Out Of AOCI



	Amount Reclassified from Accumulated Other Comprehensive Loss ⁽¹⁾
		Successor					Predecessor

Details about Accumulated Other	For the year ended		For the year ended		For the eight months		For the four months		Affected line item in the
Comprehensive Loss Components	December 31,		December 31,		ended December 31,		ended April 30,		statement where net
($ in millions)	2023		2022		2021		2021		income (loss) is presented
Amortization of Pension Cost Items⁽²⁾
Reclassifications of actuarial losses, pretax	$	-	$	-	$	-	$	(24)	Loss before income taxes
Tax Impact		-		-		-		5	Income tax benefit
Reclassifications, net of tax	$	-	$	-	$	-	$	(19)	Net loss

Amortization of OPEB Cost Items⁽²⁾
Prior-service credits (costs)	$	22	$	13	$	5	$	10
Actuarial gains (losses)		-		-		-		(5)
Reclassifications, pretax		22		13		5		5	Income before income taxes
Tax impact		(5)		(2)		(1)		(1)	Income tax expense
Reclassifications, net of tax	$	17	$	11	$	4	$	4	Net gain

⁽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 19 - Retirement Plans for additional details).