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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2021 and 2020 is provided below:
(dollars in millions) | Foreign Currency Translation |  | Defined Benefit Pension and Post-retirement Plans |  | Unrealized Hedging Gains (Losses) |  | Accumulated Other Comprehensive Income (Loss)
Quarter Ended September 30, 2021 |  |  |  |  |  |  |
Balance at June 30, 2021 | $ | 789 |  |  | $ | (4,402) |  |  | $ | 58 |  |  | $ | (3,555) |
Other comprehensive income (loss) before reclassifications, net | (321) |  |  | 22 |  |  | (175) |  |  | (474) |
Amounts reclassified, pre-tax | — |  |  | 64 |  |  | 8 |  |  | 72 |
Tax benefit (expense) | (5) |  |  | (16) |  |  | 39 |  |  | 18 |
Balance at September 30, 2021 | $ | 463 |  |  | $ | (4,332) |  |  | $ | (70) |  |  | $ | (3,939) |
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |
Balance at December 31, 2020 | $ | 710 |  |  | $ | (4,483) |  |  | $ | 39 |  |  | $ | (3,734) |
Other comprehensive income (loss) before reclassifications, net | (239) |  |  | (2) |  |  | (113) |  |  | (354) |
Amounts reclassified, pre-tax | — |  |  | 192 |  |  | (26) |  |  | 166 |
Tax benefit (expense) | (8) |  |  | (39) |  |  | 30 |  |  | (17) |
Balance at September 30, 2021 | $ | 463 |  |  | $ | (4,332) |  |  | $ | (70) |  |  | $ | (3,939) |
(dollars in millions) | Foreign Currency Translation |  | Defined Benefit Pension and Post-retirement Plans |  | Unrealized Hedging Gains (Losses) |  | Accumulated Other Comprehensive Income (Loss)
Quarter Ended September 30, 2020 |  |  |  |  |  |  |
Balance at June 30, 2020 | $ | (692) |  |  | $ | (7,827) |  |  | $ | (281) |  |  | $ | (8,800) |
Other comprehensive income (loss) before reclassifications, net | 605 |  |  | (12) |  |  | 117 |  |  | 710 |
Amounts reclassified, pre-tax | — |  |  | 95 |  |  | 37 |  |  | 132 |
Tax benefit (expense) | 7 |  |  | (22) |  |  | (39) |  |  | (54) |
Balance at September 30, 2020 | $ | (80) |  |  | $ | (7,766) |  |  | $ | (166) |  |  | $ | (8,012) |
Nine Months Ended September 30, 2020 |  |  |  |  |  |  |
Balance at December 31, 2019 | $ | (3,211) |  |  | $ | (6,772) |  |  | $ | (166) |  |  | $ | (10,149) |
Other comprehensive income (loss) before reclassifications, net | (175) |  |  | (2,375) |  |  | (98) |  |  | (2,648) |
Amounts reclassified, pre-tax | — |  |  | 282 |  |  | 93 |  |  | 375 |
Tax benefit (expense) | 19 |  |  | 515 |  |  | 1 |  |  | 535 |
Separation of Carrier and Otis, net of tax | 3,287 |  |  | 584 |  |  | 4 |  |  | 3,875 |
Balance at September 30, 2020 | $ | (80) |  |  | $ | (7,766) |  |  | $ | (166) |  |  | $ | (8,012) |

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