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Accumulated Other Comprehensive Income/(Loss)
3 Months Ended
Mar. 31, 2021
Accumulated Other Comprehensive Income/(Loss) [Abstract]  
Accumulated Other Comprehensive Income/(Loss)

8. Accumulated Other Comprehensive Income/Loss

Reclassifications out of accumulated other comprehensive income/loss for the three months ended March 31, 2021 and 2020, were as follows (net of tax):

Millions

Defined 
benefit 
plans

Foreign
currency
translation

Total 

Balance at January 1, 2021

$

(1,381)

$

(212)

$

(1,593)

Other comprehensive income/(loss) before reclassifications

(1)

(26)

(27)

Amounts reclassified from accumulated other comprehensive income/(loss) [a]

26 

-

26 

Net year-to-date other comprehensive income/(loss),
net of taxes of ($8) million

25 

(26)

(1)

Balance at March 31, 2021

$

(1,356)

$

(238)

$

(1,594)

Balance at January 1, 2020

$

(1,150)

$

(206)

$

(1,356)

Other comprehensive income/(loss) before reclassifications

2 

5 

7 

Amounts reclassified from accumulated other comprehensive income/(loss) [a]

20 

-

20 

Net year-to-date other comprehensive income/(loss),
net of taxes of ($7) million

22 

5 

27 

Balance at March 31, 2020

$

(1,128)

$

(201)

$

(1,329)

[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.