v3.22.2.2
OTHER NON-CURRENT LIABILITIES
9 Months Ended
Sep. 30, 2022
Other Liabilities Disclosure [Abstract]  
OTHER NON-CURRENT LIABILITIES OTHER NON-CURRENT LIABILITIES
(US$ in millions)September 30,
2022
December 31,
2021
Labor, legal, and other provisions$196 $187 
Pension and post-retirement obligations (1)
207 227 
Uncertain income tax positions (2)
65 73 
Unrealized losses on derivative contracts, at fair value (3)
351 49 
Other99 122 
Total$918 $658 

(1)On February 28, 2022, the Company, together with plan participants and related employee unions, agreed to the transition of one of the Company's international defined benefit pension plans to a multi-employer pension plan.
Following the transition, the Company accounts for the multi-employer plan similar to a defined contribution plan, resulting in full settlement of the related defined benefit plan obligations.
In connection with the settlement, during the nine months ended September 30, 2022, the Company recorded a $41 million pretax gain within Other income (expense) - net in its condensed consolidated statements of income, comprising a $4 million settlement of the related defined benefit plan obligations as well as the reclassification of $37 million in unamortized actuarial gains from Accumulated other comprehensive income (loss). Of this pretax gain, $12 million was attributable to Redeemable non-controlling interests.
(2)See Note 10- Income Taxes.
(3)See Note 12 - Fair Value Measurements.