Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes, net of tax, in the balances of each component of Accumulated Other Comprehensive Income ("AOCI") for the three-month periods ended March 31, 2021 and 2020, including amounts reclassified out of AOCI, are as follows:



(In millions)	Pension/Post-Retirement Plans Gains (Losses)		Foreign Currency Translation Gains (Losses)		Total Gains (Losses)
Balance as of December 31, 2020	$	(4,126)	$	(984)	$	(5,110)

Other comprehensive loss before reclassifications	(36)		(91)		(127)
Amounts reclassified from accumulated other comprehensive income	40		—		40
Net current period other comprehensive income (loss)	4		(91)		(87)
Balance as of March 31, 2021	$	(4,122)	$	(1,075)	$	(5,197)



(In millions)	Pension/Post-Retirement Plans Gains (Losses)		Foreign Currency Translation Gains (Losses)		Total Gains (Losses)
Balance as of December 31, 2019	$	(3,512)	$	(1,543)	$	(5,055)

Other comprehensive income (loss) before reclassifications	109		(930)		(821)
Amounts reclassified from accumulated other comprehensive income	29		—		29
Net current period other comprehensive income (loss)	138		(930)		(792)
Balance as of March 31, 2020	$	(3,374)	$	(2,473)	$	(5,847)

Schedule of Components of Comprehensive Income (Loss)

The components of other comprehensive income (loss) for the three-month periods ended March 31, 2021 and 2020 are as follows:


Three Months Ended March 31,	2021						2020
(In millions)	Pre-Tax		Tax (Credit)		Net of Tax		Pre-Tax		Tax (Credit)		Net of Tax
Foreign currency translation adjustments	$	(91)	$	—	$	(91)	$	(941)	$	(11)	$	(930)

Pension/post-retirement plans:
Amortization of (gains) losses included in net periodic pension cost:

Net actuarial losses (a)	52		12		40		40		11		29



Subtotal	52		12		40		40		11		29

Foreign currency translation adjustments	(37)		(8)		(29)		135		26		109
Other adjustments	(7)		(2)		(5)		—		—		—
Effect of remeasurement	(2)		—		(2)		—		—		—
Pension/post-retirement plans gains	6		2		4		175		37		138
Other comprehensive (loss) income	$	(85)	$	2	$	(87)	$	(766)	$	26	$	(792)
(a) Components of net periodic pension cost are included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.