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Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | A summary of the changes in each component of Accumulated other comprehensive loss, net of tax for the quarters and six months ended June 30, 2021 and 2020 is provided below:
(dollars in millions) | Foreign Currency Translation |  | Defined Benefit Pension and Post-retirement Plans |  | Unrealized Hedging (Losses) Gains |  | Accumulated Other Comprehensive Income (Loss)
Quarter Ended June 30, 2021 |  |  |  |  |  |  |
Balance at March 31, 2021 | $ | 529 |  |  | $ | (4,441) |  |  | $ | (9) |  |  | $ | (3,921) |
Other comprehensive income (loss) before reclassifications, net | 258 |  |  | (14) |  |  | 108 |  |  | 352 |
Amounts reclassified, pre-tax | — |  |  | 64 |  |  | (20) |  |  | 44 |
Tax benefit (expense) | 2 |  |  | (11) |  |  | (21) |  |  | (30) |
Balance at June 30, 2021 | $ | 789 |  |  | $ | (4,402) |  |  | $ | 58 |  |  | $ | (3,555) |
Six Months Ended June 30, 2021 |  |  |  |  |  |  |
Balance at December 31, 2020 | $ | 710 |  |  | $ | (4,483) |  |  | $ | 39 |  |  | $ | (3,734) |
Other comprehensive income (loss) before reclassifications, net | 82 |  |  | (24) |  |  | 62 |  |  | 120 |
Amounts reclassified, pre-tax | — |  |  | 128 |  |  | (34) |  |  | 94 |
Tax benefit (expense) | (3) |  |  | (23) |  |  | (9) |  |  | (35) |
Balance at June 30, 2021 | $ | 789 |  |  | $ | (4,402) |  |  | $ | 58 |  |  | $ | (3,555) |
(dollars in millions) | Foreign Currency Translation |  | Defined Benefit Pension and Post-retirement Plans |  | Unrealized Hedging (Losses) Gains |  | Accumulated Other Comprehensive Income (Loss)
Quarter Ended June 30, 2020 |  |  |  |  |  |  |
Balance at March 31, 2020 | $ | (4,647) |  |  | $ | (6,693) |  |  | $ | (448) |  |  | $ | (11,788) |
Other comprehensive income (loss) before reclassifications, net | 665 |  |  | (2,371) |  |  | 188 |  |  | (1,518) |
Amounts reclassified, pre-tax | — |  |  | 85 |  |  | 27 |  |  | 112 |
Tax benefit (expense) | 3 |  |  | 568 |  |  | (52) |  |  | 519 |
Separation of Carrier and Otis, net of tax | 3,287 |  |  | 584 |  |  | 4 |  |  | 3,875 |
Balance at June 30, 2020 | $ | (692) |  |  | $ | (7,827) |  |  | $ | (281) |  |  | $ | (8,800) |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |
Balance at December 31, 2019 | $ | (3,211) |  |  | $ | (6,772) |  |  | $ | (166) |  |  | $ | (10,149) |
Other comprehensive income (loss) before reclassifications, net | (780) |  |  | (2,363) |  |  | (215) |  |  | (3,358) |
Amounts reclassified, pre-tax | — |  |  | 187 |  |  | 56 |  |  | 243 |
Tax benefit (expense) | 12 |  |  | 537 |  |  | 40 |  |  | 589 |
Separation of Carrier and Otis, net of tax | 3,287 |  |  | 584 |  |  | 4 |  |  | 3,875 |
Balance at June 30, 2020 | $ | (692) |  |  | $ | (7,827) |  |  | $ | (281) |  |  | $ | (8,800) |

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