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Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 31, 2021
Equity [Abstract] |
Schedule of accumulated other comprehensive income (loss) | The changes, net of tax, in the balances of each component of AOCI for the years ended December 31, 2021 and 2020, including amounts reclassified out of AOCI, are as follows:
(In millions) |  |  | Pension and Post-Retirement Plans Losses |  | Foreign Currency Translation Adjustments |  | Total
Balance as of January 1, 2021 |  |  | $ | (4,126) |  |  | $ | (984) |  |  | $ | (5,110) |
Other comprehensive gain (loss) before reclassifications |  |  | 765 |  |  | (389) |  |  | 376 |
Amounts reclassified from accumulated other comprehensive loss |  |  | 159 |  |  | — |  |  | 159 |
Net current period other comprehensive gain (loss) |  |  | 924 |  |  | (389) |  |  | 535 |
Balance as of December 31, 2021 |  |  | $ | (3,202) |  |  | $ | (1,373) |  |  | $ | (4,575) |
(In millions) |  |  | Pension and Post-Retirement Plans Losses |  | Foreign Currency Translation Adjustments |  | Total
Balance as of January 1, 2020 |  |  | $ | (3,512) |  |  | $ | (1,543) |  |  | $ | (5,055) |
Other comprehensive (loss) gain before reclassifications |  |  | (739) |  |  | 559 |  |  | (180) |
Amounts reclassified from accumulated other comprehensive loss |  |  | 125 |  |  | — |  |  | 125 |
Net current period other comprehensive (loss) gain |  |  | (614) |  |  | 559 |  |  | (55) |
Balance as of December 31, 2020 |  |  | $ | (4,126) |  |  | $ | (984) |  |  | $ | (5,110) |
The components of accumulated other comprehensive income (loss) are as follows:
(In millions) | December 31, 2021 |  | December 31, 2020
Foreign currency translation adjustments (net of deferred tax asset of $13 in 2021 and $11 in 2020, respectively) | $ | (1,373) |  |  | $ | (984) |
Net charges related to pension/post-retirement plans (net of deferred tax asset of $1,501 and $1,805 in 2021 and 2020, respectively) | (3,202) |  |  | (4,126) |
| $ | (4,575) |  |  | $ | (5,110) |
Schedule of other comprehensive income (loss) | The components of other comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019 are as follows:
For the Year Ended December 31, | 2021
(In millions) | Pre-Tax | Tax (Credit) | Net of Tax
Foreign currency translation adjustments | $ | (389) |  | $ | — |  | $ | (389) |
Pension/post-retirement plans: |  |  |
Amortization of (gains) losses included in net periodic pension cost: |  |  |
Prior service credits (a) | (2) |  | — |  | (2) |
Net actuarial losses (a) | 208 |  | 52 |  | 156 |
Effect of curtailment (a) | 2 |  | 1 |  | 1 |
Effect of settlement (a) | 5 |  | 1 |  | 4 |
Subtotal | 213 |  | 54 |  | 159 |
Net gains arising during period | 1,003 |  | 249 |  | 754 |
Foreign currency translation adjustments | 19 |  | 4 |  | 15 |
Other adjustments | (6) |  | (2) |  | (4) |
Pension/post-retirement plans gains | 1,229 |  | 305 |  | 924 |
Other comprehensive income | $ | 840 |  | $ | 305 |  | $ | 535 |
(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.
For the Year Ended December 31, | 2020
(In millions) | Pre-Tax | Tax (Credit) | Net of Tax
Foreign currency translation adjustments | $ | 559 |  | $ | — |  | $ | 559 |
Pension/post-retirement plans: |  |  |
Amortization of (gains) losses included in net periodic pension cost: |  |  |
Prior service credits (a) | (2) |  | (1) |  | (1) |
Net actuarial losses (a) | 161 |  | 37 |  | 124 |
Effect of settlement (a) | 3 |  | 1 |  | 2 |
Subtotal | 162 |  | 37 |  | 125 |
Net losses arising during period | (772) |  | (177) |  | (595) |
Foreign currency translation adjustments | (163) |  | (28) |  | (135) |
Other adjustments | (11) |  | (2) |  | (9) |
Pension/post-retirement plans losses | (784) |  | (170) |  | (614) |
Other comprehensive loss | $ | (225) |  | $ | (170) |  | $ | (55) |
(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.
For the Year Ended December 31, | 2019
(In millions) | Pre-Tax | Tax (Credit) | Net of Tax
Foreign currency translation adjustments | $ | 148 |  | $ | (3) |  | $ | 151 |
Pension/post-retirement plans: |  |  |
Amortization of (gains) losses included in net periodic pension cost: |  |  |
Prior service credits (a) | (2) |  | (1) |  | (1) |
Net actuarial losses (a) | 102 |  | 22 |  | 80 |
Effect of settlement (a) | 6 |  | 1 |  | 5 |
Subtotal | 106 |  | 22 |  | 84 |
Net losses arising during period | (758) |  | (154) |  | (604) |
Foreign currency translation adjustments | (50) |  | (11) |  | (39) |
Pension/post-retirement plans losses | (702) |  | (143) |  | (559) |
Other comprehensive loss | $ | (554) |  | $ | (146) |  | $ | (408) |
(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 Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e526-108580 + Details
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