Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2021

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:


	First quarter ended
	March 31,
	2021		2020
Pension and other postretirement benefits (G)
Balance at beginning of period	$	(980)	$	(2,732)
Other comprehensive income:
Unrecognized net actuarial loss and prior service cost/benefit	37		1
Tax expense	(8)		—
Total Other comprehensive income before reclassifications, net of tax	29		1
Amortization of net actuarial loss and prior service cost(1)	16		43
Tax expense(2)	(3)		(7)
Total amount reclassified from Accumulated other comprehensive loss, net of tax(3)	13		36
Total Other comprehensive income	42		37

Balance at end of period	$	(938)	$	(2,695)
Foreign currency translation
Balance at beginning of period	$	(966)	$	(596)
Foreign currency translation	(44)		(79)
Net amount reclassified from Accumulated other comprehensive loss(4)	—		14
Other comprehensive loss	(44)		(65)

Balance at end of period	$	(1,010)	$	(661)
Debt securities
Balance at beginning of period	$	—	$	—
Other comprehensive income(5)	—		1
Balance at end of period	$	—	$	1
Cash flow hedges
Balance at beginning of period	$	3	$	(1)

Other comprehensive income (loss):
Net change from periodic revaluations	8		(11)
Tax expense	(2)		(1)
Total Other comprehensive income (loss) before reclassifications, net of tax	6		(12)
Net amount reclassified to earnings	(3)		(1)
Tax expense(2)	1		—
Total amount reclassified from Accumulated other comprehensive loss, net of tax(3)	(2)		(1)
Total Other comprehensive income (loss)	4		(13)
Balance at end of period	$	7	$	(14)

Accumulated other comprehensive loss	$	(1,941)	$	(3,369)

(1)These amounts were recorded in Other expense (income), net on the Statement of Consolidation Operations (see Note F).

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

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

(4)Foreign currency translation charges were included in Restructuring and other charges on the Statement of Consolidated Operations due to the sale of foreign entities.

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