Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2021

Changes in AOCI by component are as follows:


	Three Months Ended March 31,
($ in millions)	Derivatives			Investments			Employee Benefit Plans			Cumulative Translation Adjustment		Accumulated Other Comprehensive Income (Loss)
Balance January 1, 2020, net of taxes	$	31		$	18		$	(4,261)		$	(1,981)	$	(6,193)
Other comprehensive income (loss) before reclassification adjustments, pretax	178			3			—			(333)		(152)
Tax	(37)			—			5			(11)		(43)
Other comprehensive income (loss) before reclassification adjustments, net of taxes	141			3			5			(344)		(195)
Reclassification adjustments, pretax	(47)		(1)	(21)		(2)	69		(3)	—		1
Tax	10			—			(14)			—		(4)
Reclassification adjustments, net of taxes	(37)			(21)			55			—		(3)
Other comprehensive income (loss), net of taxes	104			(18)			60			(344)		(198)
Balance March 31, 2020, net of taxes	$	135		$	—		$	(4,201)		$	(2,325)	$	(6,391)
Balance January 1, 2021, net of taxes	$	(266)		$	—		$	(4,540)		$	(1,828)	$	(6,634)
Other comprehensive income (loss) before reclassification adjustments, pretax	180			—			(4)			(211)		(35)
Tax	(38)			—			(1)			(88)		(127)
Other comprehensive income (loss) before reclassification adjustments, net of taxes	142			—			(5)			(299)		(162)
Reclassification adjustments, pretax	111		(1)	—			87		(3)	—		198
Tax	(23)			—			(1)			—		(24)
Reclassification adjustments, net of taxes	88			—			86			—		174
Other comprehensive income (loss), net of taxes	230			—			81			(299)		12
Balance March 31, 2021, net of taxes	$	(36)		$	—		$	(4,459)		$	(2,127)	$	(6,622)

(1) Primarily relates to foreign currency cash flow hedges that were reclassified from AOCI to Sales.

(2) Represents net realized (gains) losses on the sales of available-for-sale debt securities that were reclassified from AOCI to Other (income) expense, net.

(3) Includes net amortization of prior service cost and actuarial gains and losses included in net periodic benefit cost (see Note 10).