Accumulated Other Comprehensive Income/Loss (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Reclassifications out of accumulated other comprehensive income/loss

Reclassifications out of accumulated other comprehensive income/loss were as follows (net of tax):


Millions	Defined benefit plans		Foreign currency translation		Unrealized gain on derivative instruments [a]		Total
Balance at January 1, 2024	$	(484)	$	(146)	$	16	$	(614)
Other comprehensive income/(loss) before reclassifications	2		(95)		-		(93)
Amounts reclassified from accumulated other comprehensive income/(loss) [b]	(16)		-		-		(16)
Net year-to-date other comprehensive income/(loss), net of taxes of $6 million	(14)		(95)		-		(109)
Balance at December 31, 2024	$	(498)	$	(241)	$	16	$	(723)

Balance at January 1, 2023	$	(378)	$	(204)	$	-	$	(582)
Other comprehensive income/(loss) before reclassifications	5		58		16		79
Amounts reclassified from accumulated other comprehensive income/(loss) [b]	(111)		-		-		(111)
Net year-to-date other comprehensive income/(loss), net of taxes of $31 million	(106)		58		16		(32)
Balance at December 31, 2023	$	(484)	$	(146)	$	16	$	(614)

[a]Related to interest rate swaps from equity method investments.

[b]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.