Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

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

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

	Second quarter ended				Six months ended
	June 30,				June 30,
	2022		2021		2022		2021
Pension and other postretirement benefits (E)
Balance at beginning of period	$	(789)	$	(938)	$	(799)	$	(980)
Other comprehensive income:
Unrecognized net actuarial gain and prior service cost/benefit	15		30		16		67
Tax expense	(3)		(7)		(3)		(15)
Total Other comprehensive income before reclassifications, net of tax	12		23		13		52
Amortization of net actuarial loss and prior service cost(1)	13		15		25		31
Tax expense(2)	(3)		(3)		(6)		(6)
Total amount reclassified from Accumulated other comprehensive loss, net of tax(3)	10		12		19		25
Total Other comprehensive income	22		35		32		77
Balance at end of period	$	(767)	$	(903)	$	(767)	$	(903)
Foreign currency translation
Balance at beginning of period	$	(1,093)	$	(1,010)	$	(1,062)	$	(966)
Other comprehensive (loss) income	(114)		18		(145)		(26)
Balance at end of period	$	(1,207)	$	(992)	$	(1,207)	$	(992)
Cash flow hedges
Balance at beginning of period	$	18	$	7	$	(2)	$	3
Other comprehensive income (loss):
Net change from periodic revaluations	(36)		11		(11)		19
Tax income (expense)	8		(2)		2		(4)
Total Other comprehensive (loss) income before reclassifications, net of tax	(28)		9		(9)		15
Net amount reclassified to earnings	(11)		(5)		(10)		(8)
Tax benefit(2)	3		—		3		1
Total amount reclassified from Accumulated other comprehensive loss, net of tax(3)	(8)		(5)		(7)		(7)
Total Other comprehensive (loss) income	(36)		4		(16)		8
Balance at end of period	$	(18)	$	11	$	(18)	$	11
Accumulated other comprehensive loss	$	(1,992)	$	(1,884)	$	(1,992)	$	(1,884)

(1)These amounts were recorded in Other (income) expense, net (see Note F) and Restructuring and other charges (see Note D) in the Statement of Consolidated Operations.

(2)These amounts were included in Provision for income taxes (see Note G) in 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.