RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

9 Months Ended

Sep. 30, 2022

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Schedule of reclassifications from accumulated other comprehensive (loss) income to the condensed consolidated statements of operations

The reclassifications from accumulated other comprehensive income to the condensed consolidated statements of operations were as follows, in millions: 

	Amounts Reclassified
Accumulated Other Comprehensive Income	Three Months Ended September 30,				Nine Months Ended September 30,				Statement of Operations Line Item
	2022		2021		2022		2021
Settlement and amortization of defined-benefit pension and other post-retirement benefits (A):
Actuarial losses, net	$	1	$	2	$	4	$	18	Other, net
Settlement loss	—		—		—		447		Other, net
Tax (benefit)	—		—		(1)		(100)
Net of tax	$	1	$	2	$	3	$	365
Interest rate swaps (B)	$	—	$	—	$	—	$	2	Interest expense
Tax expense	—		—		—		5
Net of tax	$	—	$	—	$	—	$	7

(A)    In the second quarter of 2021, we settled our qualified domestic defined-benefit pension plans and recognized $447 million of pre-tax actuarial losses from accumulated other comprehensive income and $96 million of income tax benefit, which included $11 million of related disproportionate tax expense. Additionally, the amortization of defined-benefit pension and other post-retirement benefits included $3 million, net of tax, due to the disposition of pension plans in connection with the divestiture of Hüppe.

(B)    Upon full repayment and retirement of the 5.950% Notes due March 15, 2022 in the first quarter of 2021, we recognized the remaining interest rate swap loss and related disproportionate tax expense.