Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

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

	2023		2022		2021
Pension and other postretirement benefits (G)
Balance at beginning of period	$	(653)	$	(799)	$	(980)
Other comprehensive (loss) income:
Unrecognized net actuarial (loss) gain and prior service cost/benefit	(68)		87		111
Tax benefit (expense)	15		(18)		(26)
Total Other comprehensive (loss) income before reclassifications, net of tax	(53)		69		85
Amortization of net actuarial loss and prior service cost(1)	21		99		123
Tax expense(2)	(4)		(22)		(27)
Total amount reclassified from Accumulated other comprehensive loss, net of tax(3)	17		77		96
Total Other comprehensive (loss) income	(36)		146		181
Balance at end of period	$	(689)	$	(653)	$	(799)
Foreign currency translation
Balance at beginning of period	$	(1,193)	$	(1,062)	$	(966)
Other comprehensive income (loss)(4)	57		(131)		(96)
Balance at end of period	$	(1,136)	$	(1,193)	$	(1,062)
Cash flow hedges
Balance at beginning of period	$	5	$	(2)	$	3
Other comprehensive (loss) income:
Net change from periodic revaluations	(19)		(8)		20
Tax benefit (expense)	4		2		(4)
Total Other comprehensive (loss) income before reclassifications, net of tax	(15)		(6)		16
Net amount reclassified to earnings	6		17		(26)
Tax (expense) benefit(2)	(1)		(4)		5
Total amount reclassified from Accumulated other comprehensive income (loss), net of tax(3)	5		13		(21)
Total Other comprehensive (loss) income	(10)		7		(5)
Balance at end of period	$	(5)	$	5	$	(2)
Accumulated other comprehensive loss balance at end of period	$	(1,830)	$	(1,841)	$	(1,863)

(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 H) 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.