Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The following tables present changes in the accumulated balances for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income:


(DOLLARS IN MILLIONS)	Foreign Currency Translation Adjustments		(Losses) Gains on Derivatives Qualifying as Hedges		Pension and Postretirement Liability Adjustment		Total
Accumulated other comprehensive loss, net of tax, as of December 31, 2020	$	(285)	$	(7)	$	(406)	$	(698)
OCI before reclassifications	(848)		1		97		(750)
Amounts reclassified from AOCI	—		7		18		25
Net current period other comprehensive income (loss)	(848)		8		115		(725)
Accumulated other comprehensive loss, net of tax, as of December 31, 2021	$	(1,133)	$	1	$	(291)	$	(1,423)


(DOLLARS IN MILLIONS)	Foreign Currency Translation Adjustments		(Losses) Gains on Derivatives Qualifying as Hedges		Pension and Postretirement Liability Adjustment		Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2019	$	(373)	$	2	$	(346)	$	(717)
OCI before reclassifications	88		(5)		(74)		9
Amounts reclassified from AOCI	—		(4)		14		10
Net current period other comprehensive income (loss)	88		(9)		(60)		19
Accumulated other comprehensive loss, net of tax, as of December 31, 2020	$	(285)	$	(7)	$	(406)	$	(698)


(DOLLARS IN MILLIONS)	Foreign Currency Translation Adjustments		(Losses) Gains on Derivatives Qualifying as Hedges		Pension and Postretirement Liability Adjustment		Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2018	$	(397)	$	5	$	(310)	$	(702)
OCI before reclassifications	24		5		(46)		(17)
Amounts reclassified from AOCI	—		(8)		10		2
Net current period other comprehensive income (loss)	24		(3)		(36)		(15)
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2019	$	(373)	$	2	$	(346)	$	(717)

Reclassifications of Accumulated Other Comprehensive Income to Consolidated Statement of Comprehensive Income

The following table provides details about reclassifications out of AOCI to the Consolidated Statement of Comprehensive Income:


	Year Ended December 31,
(DOLLARS IN MILLIONS)	2021		2020		2019		Affected Line Item in the Consolidated Statement of Comprehensive Income
(Losses) gains on derivatives qualifying as hedges

Foreign currency contracts	$	(7)	$	6	$	10	Cost of goods sold
Interest rate swaps	(1)		(1)		(1)		Interest expense
Tax	1		(1)		(1)		Provision for income taxes
Total	$	(7)	$	4	$	8	Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments

Prior service cost	$	7	$	7	$	6	(1)
Actuarial losses	(38)		(30)		(19)		(1)
Other items	17		—		—		(2)
Tax	(4)		9		3		Provision for income taxes
Total	$	(18)	$	(14)	$	(10)	Total, net of income taxes

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(1)The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 15 to the Consolidated Financial Statements for additional information regarding net periodic benefit cost.

(2)Represents certain amounts of pension income that were corrected in the current year. Refer to Note 15 for additional information.