Accumulated Other Comprehensive Income/(Loss)

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income/(Loss) [Abstract]

Accumulated Other Comprehensive Income/(Loss)

9. Accumulated Other Comprehensive Income/(Loss)

Reclassifications out of accumulated other comprehensive income/(loss) for the three and nine months ended September 30, 2020, and 2019, were as follows (net of tax):



Millions	Defined ‎benefit ‎plans		Foreign ‎currency ‎translation		Total
Balance at July 1, 2020	$	(1,110)	$	(262)	$	(1,372)
Other comprehensive income/(loss) before reclassifications		-		3		3
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		18		-		18
Net quarter-to-date other comprehensive income/(loss), ‎net of taxes of ($6) million		18		3		21
Balance at September 30, 2020	$	(1,092)	$	(259)	$	(1,351)

Balance at July 1, 2019	$	(1,100)	$	(198)	$	(1,298)
Other comprehensive income/(loss) before reclassifications		-		(18)		(18)
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		11		-		11
Net quarter-to-date other comprehensive income/(loss), ‎net of taxes of ($4) million		11		(18)		(7)
Balance at September 30, 2019	$	(1,089)	$	(216)	$	(1,305)

[a]The accumulated other comprehensive income/(loss) reclassification components are 1) prior service cost/(credit) and 2) net actuarial loss which are both included in the computation of net periodic pension cost. See Note 5 Retirement Plans for additional details.

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Millions	Defined ‎benefit ‎plans		Foreign ‎currency ‎translation		Total
Balance at January 1, 2020	$	(1,150)	$	(206)	$	(1,356)
Other comprehensive income/(loss) before reclassifications		3		(53)		(50)
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		55		-		55
Net year-to-date other comprehensive income/(loss), ‎net of taxes of ($18) million		58		(53)		5
Balance at September 30, 2020	$	(1,092)	$	(259)	$	(1,351)

Balance at January 1, 2019	$	(1,192)	$	(223)	$	(1,415)
Other comprehensive income/(loss) before reclassifications		(25)		7		(18)
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		36		-		36
OPEB Plan amendment (Note 5)		92		-		92
Net year-to-date other comprehensive income/(loss), ‎net of taxes of ($35) million		103		7		110
Balance at September 30, 2019	$	(1,089)	$	(216)	$	(1,305)