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Equity (Tables)

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

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, 2024 and 2023 is provided below:

(dollars in millions)			Foreign Currency Translation						Defined Benefit Pension and Postretirement Plans						Unrealized Hedging Gains (Losses)						Accumulated Other Comprehensive Loss
Quarter Ended June 30, 2024
Balance at March 31, 2024			$	(562)					$	(2,065)					$	(8)					$	(2,635)
Other comprehensive income (loss) before reclassifications, net			(68)						(3)						20						(51)
Amounts reclassified, pre-tax			—						(43)						1						(42)
Tax benefit (expense)			(2)						9						3						10
Balance at June 30, 2024			$	(632)					$	(2,102)					$	16					$	(2,718)
Six Months Ended June 30, 2024
Balance at December 31, 2023			$	(440)					$	(2,026)					$	47					$	(2,419)
Other comprehensive income (loss) before reclassifications, net			(189)						(10)						(61)						$	(260)
Amounts reclassified, pre-tax			—						(87)						9						$	(78)
Tax benefit (expense)			(3)						21						21						39
Balance at June 30, 2024			$	(632)					$	(2,102)					$	16					$	(2,718)

(dollars in millions)			Foreign Currency Translation						Defined Benefit Pension and Postretirement Plans						Unrealized Hedging Gains (Losses)						Accumulated Other Comprehensive Loss
Quarter Ended June 30, 2023
Balance at March 31, 2023			$	(882)					$	(890)					$	(217)					$	(1,989)
Other comprehensive income (loss) before reclassifications, net			404						(40)						260						624
Amounts reclassified, pre-tax			—						(143)						25						(118)
Tax benefit (expense)			2						38						(59)						(19)
Balance at June 30, 2023			$	(476)					$	(1,035)					$	9					$	(1,502)
Six Months Ended June 30, 2023
Balance at December 31, 2022			$	(1,005)					$	(782)					$	(231)					$	(2,018)
Other comprehensive income (loss) before reclassifications, net			526						(44)						233						715
Amounts reclassified, pre-tax			—						(285)						64						(221)
Tax benefit (expense)			3						76						(57)						22
Balance at June 30, 2023			$	(476)					$	(1,035)					$	9					$	(1,502)

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- References

No definition available.

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- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

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