Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2023

Schedule 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:


	Third quarter ended				Nine months ended
	September 30,				September 30,
	2023		2022		2023		2022
Pension and other postretirement benefits (E)
Balance at beginning of period	$	(644)	$	(767)	$	(653)	$	(799)
Other comprehensive income (loss):
Unrecognized net actuarial gain (loss) and prior service cost/benefit	7		(3)		7		13
Tax expense	(1)		—		(1)		(3)
Total Other comprehensive income (loss) before reclassifications, net of tax	6		(3)		6		10
Amortization of net actuarial loss and prior service cost(1)	5		13		17		38
Tax expense(2)	(1)		(3)		(4)		(9)
Total amount reclassified from Accumulated other comprehensive income, net of tax(3)	4		10		13		29
Total Other comprehensive income	10		7		19		39

Balance at end of period	$	(634)	$	(760)	$	(634)	$	(760)
Foreign currency translation
Balance at beginning of period	$	(1,155)	$	(1,207)	$	(1,193)	$	(1,062)


Other comprehensive loss(4)	(56)		(128)		(18)		(273)

Balance at end of period	$	(1,211)	$	(1,335)	$	(1,211)	$	(1,335)




Cash flow hedges
Balance at beginning of period	$	(9)	$	(18)	$	5	$	(2)

Other comprehensive income (loss):
Net change from periodic revaluations	1		(6)		(13)		(17)
Tax income	—		2		3		4
Total Other comprehensive income (loss) before reclassifications, net of tax	1		(4)		(10)		(13)
Net amount reclassified to earnings	4		9		—		(1)
Tax expense(2)	(1)		(3)		—		—
Total amount reclassified from Accumulated other comprehensive income (loss), net of tax(3)	3		6		—		(1)
Total Other comprehensive income (loss)	4		2		(10)		(14)
Balance at end of period	$	(5)	$	(16)	$	(5)	$	(16)

Accumulated other comprehensive loss	$	(1,850)	$	(2,111)	$	(1,850)	$	(2,111)

(1)These amounts were recorded in Restructuring and other charges (See Note D) and Other expense, net (See Note F) 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.

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