Components of comprehensive income (loss), net of tax |
Changes in each component for the three and six months ended June 30, 2022 and 2021 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2022 (Millions), net of tax | | Net Unrealized Gains (Losses) on Debt Securities | | Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a) | | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) | | Accumulated Other Comprehensive Income (Loss) | Balances as of March 31, 2022 | | $ | (5) | | | $ | (2,412) | | | $ | (556) | | | $ | (2,973) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net change | | (25) | | | (157) | | | 12 | | | (170) | | Balances as of June 30, 2022 | | $ | (30) | | | $ | (2,569) | | | $ | (544) | | | $ | (3,143) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2022 (Millions), net of tax | | Net Unrealized Gains (Losses) on Debt Securities | | Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a) | | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) | | Accumulated Other Comprehensive Income (Loss) | Balances as of December 31, 2021 | | $ | 23 | | | $ | (2,392) | | | $ | (576) | | | $ | (2,945) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net change | | (53) | | | (177) | | | 32 | | | (198) | | Balances as of June 30, 2022 | | $ | (30) | | | $ | (2,569) | | | $ | (544) | | | $ | (3,143) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2021 (Millions), net of tax | | Net Unrealized Gains (Losses) on Debt Securities | | Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a) | | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) | | Accumulated Other Comprehensive Income (Loss) | Balances as of March 31, 2021 | | $ | 53 | | | $ | (2,246) | | | $ | (705) | | | $ | (2,898) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net change | | (11) | | | 19 | | | 9 | | | 17 | | Balances as of June 30, 2021 | | $ | 42 | | | $ | (2,227) | | | $ | (696) | | | $ | (2,881) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2021 (Millions), net of tax | | Net Unrealized Gains (Losses) on Debt Securities | | Foreign Currency Translation Adjustment Gains (Losses), net of hedges (a) | | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) | | Accumulated Other Comprehensive Income (Loss) | Balances as of December 31, 2020 | | $ | 65 | | | $ | (2,229) | | | $ | (731) | | | $ | (2,895) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net change | | (23) | | | 2 | | | 35 | | | 14 | | Balances as of June 30, 2021 | | $ | 42 | | | $ | (2,227) | | | $ | (696) | | | $ | (2,881) | |
(a)Refer to Note 8 for additional information on hedging activity.
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