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Changes in Accumulated Other Comprehensive Losses (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The change in Accumulated Other Comprehensive Losses (AOCL) presented on the Consolidated Balance Sheet and the impact of significant amounts reclassified from AOCL on information presented in the Consolidated Statement of Income for the year ended December 31, 2023, are reflected in the table below.
 
     Currency
Translation
Adjustments
    Unrealized
Holding Gains
(Losses) on
Securities
    Derivatives     Defined
Benefit
Plans
      Total  
 
 
Balance at December 31, 2020
  
$
(107
 
$
(10
 
$
 
 
$
(5,495
 
$
(5,612
 
 
Components of Other Comprehensive Income (Loss)
1
:
          
Before Reclassifications
     (55     (1     (6     949       887  
Reclassifications
2,3
                 6       830       836  
Net Other Comprehensive Income (Loss)
     (55     (1           1,779       1,723  
 
 
Balance at December 31, 2021
  
$
(162
 
$
(11
 
$
 
 
$
(3,716
 
$
(3,889
 
 
Components of Other Comprehensive Income (Loss)
1
:
          
Before Reclassifications
     (41     (1     68       703       729  
Reclassifications
2, 3
                 (80     442       362  
Net Other Comprehensive Income (Loss)
     (41     (1     (12     1,145       1,091  
Balance at December 31, 2022
  
$
(203
 
$
(12
 
$
(12
 
$
(2,571
 
$
(2,798
 
 
Components of Other Comprehensive Income (Loss)
1
:
          
Before Reclassifications
     11       1       (16     (397     (401
Reclassifications
2, 3
                 33       206       239  
Net Other Comprehensive Income (Loss)
     11       1       17       (191     (162
 
 
Balance at December 31, 2023
  
$
(192
 
$
(11
 
$
5
 
 
$
(2,762
 
$
(2,960
 
 
1
 
All amounts are net of tax.
2
 
Refer to , for reclassified components, including amortization of actuarial gains or losses, amortization of prior service costs and settlement losses, totaling $231 that are included in employee benefit costs for the year ended December 31, 2023. Related income taxes for the same period, totaling $25, are reflected in Income Tax Expense on the Consolidated Statement of Income. All other reclassified amounts were insignificant.
3
 
Refer to
 
 
for cash flow hedging.