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Other Comprehensive Income (Loss) | 6 Months Ended
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Jun. 30, 2021
Equity [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) The changes, net of tax, in the balances of each component of Accumulated Other Comprehensive Income ("AOCI") for the three and six month periods ended June 30, 2021 and 2020, including amounts reclassified out of AOCI, are as follows:
(In millions) |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Gains (Losses) |  | Total Gains (Losses)
Balance as of April 1, 2021 |  |  | $ | (4,122) |  |  | $ | (1,075) |  |  | $ | (5,197) |
Other comprehensive (loss) income before reclassifications |  |  | (16) |  |  | 24 |  |  | 8 |
Amounts reclassified from accumulated other comprehensive income |  |  | 36 |  |  | — |  |  | 36 |
Net current period other comprehensive income |  |  | 20 |  |  | 24 |  |  | 44 |
Balance as of June 30, 2021 |  |  | $ | (4,102) |  |  | $ | (1,051) |  |  | $ | (5,153) |
(In millions) |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Gains (Losses) |  | Total Gains (Losses)
Balance as of April 1, 2020 |  |  | $ | (3,374) |  |  | $ | (2,473) |  |  | $ | (5,847) |
Other comprehensive (loss) income before reclassifications |  |  | (3) |  |  | 237 |  |  | 234 |
Amounts reclassified from accumulated other comprehensive income |  |  | 31 |  |  | — |  |  | 31 |
Net current period other comprehensive income |  |  | 28 |  |  | 237 |  |  | 265 |
Balance as of June 30, 2020 |  |  | $ | (3,346) |  |  | $ | (2,236) |  |  | $ | (5,582) |
(In millions) |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Gains (Losses) |  | Total Gains (Losses)
Balance as of December 31, 2020 |  |  | $ | (4,126) |  |  | $ | (984) |  |  | $ | (5,110) |
Other comprehensive loss before reclassifications |  |  | (52) |  |  | (67) |  |  | (119) |
Amounts reclassified from accumulated other comprehensive income |  |  | 76 |  |  | — |  |  | 76 |
Net current period other comprehensive income (loss) |  |  | 24 |  |  | (67) |  |  | (43) |
Balance as of June 30, 2021 |  |  | $ | (4,102) |  |  | $ | (1,051) |  |  | $ | (5,153) |
(In millions) |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Gains (Losses) |  | Total Gains (Losses)
Balance as of December 31, 2019 |  |  | $ | (3,512) |  |  | $ | (1,543) |  |  | $ | (5,055) |
Other comprehensive income (loss) before reclassifications |  |  | 106 |  |  | (693) |  |  | (587) |
Amounts reclassified from accumulated other comprehensive income |  |  | 60 |  |  | — |  |  | 60 |
Net current period other comprehensive income (loss) |  |  | 166 |  |  | (693) |  |  | (527) |
Balance as of June 30, 2020 |  |  | $ | (3,346) |  |  | $ | (2,236) |  |  | $ | (5,582) |
The components of other comprehensive income (loss) for the three and six-month periods ended June 30, 2021 and 2020 are as follows:
Three Months Ended June 30, |  | 2021 |  | 2020
(In millions) |  | Pre-Tax | Tax (Credit) | Net of Tax |  | Pre-Tax | Tax (Credit) | Net of Tax
Foreign currency translation adjustments |  | $ | 24 |  | $ | — |  | $ | 24 |  |  | $ | 241 |  | $ | 4 |  | $ | 237 |
Pension/post-retirement plans: |  |  |  |  |  |  |  |
Amortization of (gains) losses included in net periodic pension cost: |  |  |  |  |  |  |  |
Prior service credits (a) |  | (1) |  | — |  | (1) |  |  | (1) |  | — |  | (1) |
Net actuarial losses (a) |  | 52 |  | 15 |  | 37 |  |  | 40 |  | 8 |  | 32 |
Subtotal |  | 51 |  | 15 |  | 36 |  |  | 39 |  | 8 |  | 31 |
Foreign currency translation adjustments |  | (44) |  | (12) |  | (32) |  |  | (5) |  | (2) |  | (3) |
Effect of remeasurement |  | 15 |  | 1 |  | 14 |  |  | — |  | — |  | — |
Effect of settlement |  | 2 |  | — |  | 2 |  |  | — |  | — |  | — |
Pension/post-retirement plans gains |  | 24 |  | 4 |  | 20 |  |  | 34 |  | 6 |  | 28 |
Other comprehensive income |  | $ | 48 |  | $ | 4 |  | $ | 44 |  |  | $ | 275 |  | $ | 10 |  | $ | 265 |
(a) Components of net periodic pension cost are included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.
Six Months Ended June 30, | 2021 |  | 2020
(In millions) | Pre-Tax | Tax (Credit) | Net of Tax |  | Pre-Tax | Tax (Credit) | Net of Tax
Foreign currency translation adjustments | $ | (67) |  | $ | — |  | $ | (67) |  |  | $ | (700) |  | $ | (7) |  | $ | (693) |
Pension/post-retirement plans: |  |  |  |  |  |  |
Amortization of (gains) losses included in net periodic pension cost: |  |  |  |  |  |  |
Prior service credits (a) | (1) |  | — |  | (1) |  |  | (1) |  | — |  | (1) |
Net actuarial losses (a) | 104 |  | 27 |  | 77 |  |  | 80 |  | 19 |  | 61 |
Subtotal | 103 |  | 27 |  | 76 |  |  | 79 |  | 19 |  | 60 |
Foreign currency translation adjustments | (81) |  | (20) |  | (61) |  |  | 130 |  | 24 |  | 106 |
Other adjustments | (7) |  | (2) |  | (5) |  |  | — |  | — |  | — |
Effect of remeasurement | 13 |  | 1 |  | 12 |  |  | — |  | — |  | — |
Effect of settlement | 2 |  | — |  | 2 |  |  | — |  | — |  | — |
Pension/post-retirement plans gains | 30 |  | 6 |  | 24 |  |  | 209 |  | 43 |  | 166 |
Other comprehensive (loss) income | $ | (37) |  | $ | 6 |  | $ | (43) |  |  | $ | (491) |  | $ | 36 |  | $ | (527) |
(a) Components of net periodic pension cost are included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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