

(US$ in millions)	Foreign Exchange Translation Adjustment		Deferred Gains (Losses) on Hedging Activities		Pension and Other Postretirement Liability Adjustments		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2023	$	(5,926)	$	(343)	$	(102)	$	(6,371)
Other comprehensive income (loss) before reclassifications	122		(26)		—		96

Amount reclassified from accumulated other comprehensive income (loss)	103		1		—		104
Balance, March 31, 2023	$	(5,701)	$	(368)	$	(102)	$	(6,171)



(US$ in millions)	Foreign Exchange Translation Adjustment		Deferred Gains (Losses) on Hedging Activities		Pension and Other Postretirement Liability Adjustments (1)		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2022	$	(6,093)	$	(254)	$	(124)	$	(6,471)
Other comprehensive income (loss) before reclassifications	396		(117)		—		279
Amount reclassified from accumulated other comprehensive income (loss)	—		(2)		(19)		(21)
Balance, March 31, 2022	$	(5,697)	$	(373)	$	(143)	$	(6,213)

(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 three months ended March 31, 2022, the Company reclassified $27 million (net of $10 million tax expense) in unamortized actuarial gains from Accumulated other comprehensive income (loss), of which $19 million was attributable to Bunge (net of $7 million in tax expense), and $8 million was attributable to redeemable non-controlling interest (net of $3 million in tax expense).