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Note 9 - Accumulated Other Comprehensive Income/Loss - Schedule of Reclassification (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Balance $ 15,665 $ 12,454 $ 14,788 $ 12,163
Total other comprehensive income/(loss) 4 [1] 43 [1] 8 [2] 65 [2]
Balance 16,489 13,194 16,489 13,194
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]        
Balance (483) (379) (484) (378)
Other comprehensive income/(loss) before reclassifications 0 6 2 6
Amounts reclassified from accumulated other comprehensive income/(loss) [b] [3] 0 0 (1) (1)
Total other comprehensive income/(loss) 0 6 1 5
Balance (483) (373) (483) (373)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]        
Balance (143) (181) (146) (204)
Other comprehensive income/(loss) before reclassifications 4 21 7 44
Amounts reclassified from accumulated other comprehensive income/(loss) [b] [3] 0 0 0 0
Total other comprehensive income/(loss) 4 21 7 44
Balance (139) (160) (139) (160)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]        
Balance [4] 16 0 16 0
Other comprehensive income/(loss) before reclassifications [4] 0 16 0 16
Amounts reclassified from accumulated other comprehensive income/(loss) [b] [3],[4] 0 0 0 0
Total other comprehensive income/(loss) 0 [4] 16 [4] 0 16
Balance [4] 16 16 16 16
AOCI Attributable to Parent [Member]        
Balance [5] (610) (560) (614) (582)
Other comprehensive income/(loss) before reclassifications 4 43 9 66
Amounts reclassified from accumulated other comprehensive income/(loss) [b] [3] 0 0 (1) (1)
Total other comprehensive income/(loss) [5] 4 43 8 65
Balance [5] $ (606) $ (517) $ (606) $ (517)
[1] Net of deferred taxes of ($0) million and ($3) million during the three months ended June 30, 2024 and 2023, respectively.
[2] Net of deferred taxes of ($0) million and ($3) million during the six months ended June 30, 2024 and 2023, respectively
[3] 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 benefit/cost. See Note 5 Retirement Plans for additional details.
[4] Related to interest rate swaps from equity method investments.
[5] AOCI = accumulated other comprehensive income/loss (Note 9)