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Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) ACCUMULATED OTHER COMPREHENSIVE LOSS
The following tables present changes in the accumulated balances for each component of other comprehensive (loss) income, including current period other comprehensive (loss) income and reclassifications out of accumulated other comprehensive loss:
(DOLLARS IN MILLIONS)Foreign
Currency
Translation
Adjustments
Gains (Losses) 
on Derivatives
Qualifying as
Hedges
Pension and
Postretirement
Liability
Adjustment
Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2021$(1,133)$$(291)$(1,423)
OCI before reclassifications(1,770)— (2)(1,772)
Amounts reclassified from AOCI— — 
Net current period other comprehensive income (loss)(1,770)— (1,764)
Accumulated other comprehensive (loss) income, net of tax, as of September 30, 2022$(2,903)$$(285)$(3,187)
(DOLLARS IN MILLIONS)Foreign
Currency
Translation
Adjustments
Gains (Losses) 
on Derivatives
Qualifying as
Hedges
Pension and
Postretirement
Liability
Adjustment
Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2020$(285)$(7)$(406)$(698)
OCI before reclassifications(493)— (491)
Amounts reclassified from AOCI— 
Net current period other comprehensive income (loss)(493)(482)
Accumulated other comprehensive (loss) income, net of tax, as of September 30, 2021$(778)$— $(402)$(1,180)
The following table provides details about reclassifications out of Accumulated other comprehensive loss to the Consolidated Statements of (Loss) Income and Comprehensive Loss:
Nine Months Ended September 30,Affected Line Item in the Consolidated Statements of (Loss) Income and Comprehensive Loss
(DOLLARS IN MILLIONS)20222021
Gains (losses) on derivatives qualifying as hedges
Foreign currency contracts$— $(6)Cost of goods sold
Tax— Provision for income taxes
Total$— $(5)Total, net of income taxes
Losses on pension and postretirement liability adjustments
Prior service cost$$
(1)
Actuarial losses(15)(27)
(1)
Other items— 17 
(2)
TaxProvision for income taxes
Total$(8)$(4)Total, net of income taxes
 _______________________
(1)The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 15 of the Company’s 2021 Form 10-K for additional information regarding net periodic benefit cost.
(2)Represents certain amounts of pension income that were corrected in the 2021 period. Refer to Note 13 for additional information.