Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Summary of Changes in Accumulated Other Comprehensive (Loss) by Component

The following table details the activity of the four components that comprise Accumulated other comprehensive loss:

	Third quarter ended						Nine months ended
	September 30,						September 30,
	2019			2018			2019			2018
Pension and other postretirement benefits (F)
Balance at beginning of period	$	(2,281	)	$	(2,058	)	$	(2,344	)	$	(2,230	)
Other comprehensive income:
Unrecognized net actuarial loss and prior service cost/benefit	(6		)	30			60			152
Tax benefit (expense)	2			(7		)	(13		)	(35		)
Total Other comprehensive (loss) income before reclassifications, net of tax	(4		)	23			47			117
Amortization of net actuarial loss and prior service cost(1)	39			18			54			118
Tax expense(2)	(9		)	(4		)	(12		)	(26		)
Total amount reclassified from Accumulated other comprehensive loss, net of tax(5)	30			14			42			92
Total Other comprehensive income	26			37			89			209
Balance at end of period	$	(2,255	)	$	(2,021	)	$	(2,255	)	$	(2,021	)
Foreign currency translation
Balance at beginning of period	$	(587	)	$	(516	)	$	(583	)	$	(437	)
Other comprehensive loss(3)	(87		)	(16		)	(91		)	(95		)
Balance at end of period	$	(674	)	$	(532	)	$	(674	)	$	(532	)
Available-for-sale securities
Balance at beginning of period	$	—		$	(4	)	$	(3	)	$	(2	)
Other comprehensive income (loss) (4)	1			1			4			(1		)
Balance at end of period	$	1		$	(3	)	$	1		$	(3	)
Cash flow hedges
Balance at beginning of period	$	(1	)	$	22		$	4		$	25
Adoption of accounting standards (B)	—			—			(2		)	—
Other comprehensive loss:
Net change from periodic revaluations	—			(7		)	(5		)	(4		)
Tax benefit	—			1			2			1
Total Other comprehensive loss before reclassifications, net of tax	—			(6		)	(3		)	(3		)
Net amount reclassified to earnings	2			(5		)	1			(12		)
Tax (expense) benefit(2)	(1		)	1			—			2
Total amount reclassified from Accumulated other comprehensive loss, net of tax(5)	1			(4		)	1			(10		)
Total Other comprehensive income (loss)	1			(10		)	(2		)	(13		)
Balance at end of period	$	—		$	12		$	—		$	12
Accumulated other comprehensive loss	$	(2,928	)	$	(2,544	)	$	(2,928	)	$	(2,544	)

 

⁽¹⁾  These amounts were recorded in Other expense, net (see Note E).

⁽²⁾  These amounts were included in Provision for income taxes on the accompanying Statement of Consolidated Operations.

⁽³⁾  In all periods presented, no amounts were reclassified to earnings.

⁽⁴⁾  Realized gains and losses were included in Other expense, net on the accompanying Statement of Consolidated Operations.

⁽⁵⁾  A positive amount indicates a corresponding charge to earnings and a negative amount indicates a corresponding benefit to earnings.