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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The changes, net of tax, in the balances of each component of AOCI for the years ended December 31, 2022 and 2021, including amounts reclassified out of AOCI, are as follows:
(In millions)
Pension and Post-Retirement Plans Losses
Foreign Currency Translation Adjustments
Total
Balance as of January 1, 2022$(3,202)$(1,373)$(4,575)
Other comprehensive income (loss) before reclassifications371 (1,220)(849)
Amounts reclassified from accumulated other comprehensive loss 110 — 110 
Net current period other comprehensive income (loss)481 (1,220)(739)
Balance as of December 31, 2022$(2,721)$(2,593)$(5,314)
(In millions)
Pension and Post-Retirement Plans Losses
Foreign Currency Translation Adjustments
Total
Balance as of January 1, 2021$(4,126)$(984)$(5,110)
Other comprehensive gain (loss) before reclassifications765 (389)376 
Amounts reclassified from accumulated other comprehensive loss159 — 159 
Net current period other comprehensive income (loss) 924 (389)535 
Balance as of December 31, 2021$(3,202)$(1,373)$(4,575)
The components of other comprehensive (loss) income for the years ended December 31, 2022, 2021 and 2020 are as follows:
For the Year Ended December 31,2022
(In millions)Pre-TaxTax Net of Tax
Foreign currency translation adjustments$(1,198)$22 $(1,220)
Pension/post-retirement plans:
Amortization of (gains) losses included in net benefit (credit) cost:
Prior service credits (a)
(2)— (2)
Net actuarial losses (a)
150 38 112 
Effect of settlement (a)
2 — 2 
Subtotal150 38 112 
Net gains arising during period203 51 152 
Foreign currency translation adjustments285 71 214 
Other adjustments3 — 3 
Pension/post-retirement plans gains641 160 481 
Other comprehensive (loss) income$(557)$182 $(739)
(a) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses is included in income tax expense.
For the Year Ended December 31,2021
(In millions)Pre-TaxTax (Credit)Net of Tax
Foreign currency translation adjustments$(389)$— $(389)
Pension/post-retirement plans:
Amortization of (gains) losses included in net benefit (credit) cost:
Prior service credits (a)
(2)— (2)
Net actuarial losses (a)
208 52 156 
Effect of curtailment (a)
2 1 1 
Effect of settlement (a)
5 1 4 
Subtotal213 54 159 
Net losses arising during period1,003 249 754 
Foreign currency translation adjustments19 4 15 
Other adjustments(6)(2)(4)
Pension/post-retirement plans gains1,229 305 924 
Other comprehensive income$840 $305 $535 
(a) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses is included in income tax expense.
For the Year Ended December 31,2020
(In millions)Pre-TaxTax (Credit)Net of Tax
Foreign currency translation adjustments$559 $— $559 
Pension/post-retirement plans:
Amortization of (gains) losses included in net benefit (credit) cost:
Prior service credits (a)
(2)(1)(1)
Net actuarial losses (a)
161 37 124 
Effect of settlement (a)
3 1 2 
Subtotal162 37 125 
Net losses arising during period(772)(177)(595)
Foreign currency translation adjustments(163)(28)(135)
Other adjustments(11)(2)(9)
Pension/post-retirement plans losses(784)(170)(614)
Other comprehensive loss$(225)$(170)$(55)
(a) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses is included in income tax expense.
The components of accumulated other comprehensive loss are as follows:
(In millions)December 31, 2022December 31, 2021
Foreign currency translation adjustments (net of deferred tax liability of $8 in 2022 and deferred tax asset of $13 in 2021, respectively)
$(2,593)$(1,373)
Net charges related to pension/post-retirement plans (net of deferred tax asset of $1,340 and $1,501 in 2022 and 2021, respectively)
(2,721)(3,202)
 $(5,314)$(4,575)