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Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 30, 2022
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 nine months ended September 30, 2022 and 2021, including amounts reclassified out of AOCI, are as follows:
(In millions) |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Adjustments |  | Total
Balance as of July 1, 2022 |  |  | $ | (2,957) |  |  | $ | (2,406) |  |  | $ | (5,363) |
Other comprehensive income (loss) before reclassifications |  |  | 182 |  |  | (895) |  |  | (713) |
Amounts reclassified from accumulated other comprehensive income |  |  | 28 |  |  | — |  |  | 28 |
Net current period other comprehensive income (loss) |  |  | 210 |  |  | (895) |  |  | (685) |
Balance as of September 30, 2022 |  |  | $ | (2,747) |  |  | $ | (3,301) |  |  | $ | (6,048) |
(In millions) |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Adjustments |  | Total
Balance as of July 1, 2021 |  |  | $ | (4,102) |  |  | $ | (1,051) |  |  | $ | (5,153) |
Other comprehensive income (loss) before reclassifications |  |  | 115 |  |  | (346) |  |  | (231) |
Amounts reclassified from accumulated other comprehensive income |  |  | 39 |  |  | — |  |  | 39 |
Net current period other comprehensive income (loss) |  |  | 154 |  |  | (346) |  |  | (192) |
Balance as of September 30, 2021 |  |  | $ | (3,948) |  |  | $ | (1,397) |  |  | $ | (5,345) |
(In millions) |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Adjustments |  | Total
Balance as of December 31, 2021 |  |  | $ | (3,202) |  |  | $ | (1,373) |  |  | $ | (4,575) |
Other comprehensive income (loss) before reclassifications |  |  | 371 |  |  | (1,928) |  |  | (1,557) |
Amounts reclassified from accumulated other comprehensive income |  |  | 84 |  |  | — |  |  | 84 |
Net current period other comprehensive income (loss) |  |  | 455 |  |  | (1,928) |  |  | (1,473) |
Balance as of September 30, 2022 |  |  | $ | (2,747) |  |  | $ | (3,301) |  |  | $ | (6,048) |
(In millions) |  |  | Pension/Post-Retirement Plans Gains (Losses) |  | Foreign Currency Translation Adjustments |  | Total
Balance as of December 31, 2020 |  |  | $ | (4,126) |  |  | $ | (984) |  |  | $ | (5,110) |
Other comprehensive income (loss) before reclassifications |  |  | 63 |  |  | (413) |  |  | (350) |
Amounts reclassified from accumulated other comprehensive income |  |  | 115 |  |  | — |  |  | 115 |
Net current period other comprehensive income (loss) |  |  | 178 |  |  | (413) |  |  | (235) |
Balance as of September 30, 2021 |  |  | $ | (3,948) |  |  | $ | (1,397) |  |  | $ | (5,345) |
The components of other comprehensive (loss) income for the three and nine months ended September 30, 2022 and 2021 are as follows:
Three Months Ended September 30, |  | 2022 |  | 2021
(In millions) |  | Pre-Tax | Tax (Credit) | Net of Tax |  | Pre-Tax | Tax (Credit) | Net of Tax
Foreign currency translation adjustments |  | $ | (895) |  | $ | — |  | $ | (895) |  |  | $ | (346) |  | $ | — |  | $ | (346) |
Pension/post-retirement plans: |  |  |  |  |  |  |  |
Amortization of losses included in net periodic pension cost: |  |  |  |  |  |  |  |
Net actuarial losses (a) |  | 37 |  | 9 |  | 28 |  |  | 52 |  | 13 |  | 39 |
Subtotal |  | 37 |  | 9 |  | 28 |  |  | 52 |  | 13 |  | 39 |
Foreign currency translation adjustments |  | 247 |  | 63 |  | 184 |  |  | 88 |  | 21 |  | 67 |
Effect of remeasurement |  | (2) |  | — |  | (2) |  |  | 64 |  | 16 |  | 48 |
Other adjustments |  | (1) |  | (1) |  | — |  |  | — |  | — |  | — |
Pension/post-retirement plans gains |  | 281 |  | 71 |  | 210 |  |  | 204 |  | 50 |  | 154 |
Other comprehensive (loss) income |  | $ | (614) |  | $ | 71 |  | $ | (685) |  |  | $ | (142) |  | $ | 50 |  | $ | (192) |
(a) 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.
Nine Months Ended September 30, |  | 2022 |  | 2021
(In millions) |  | Pre-Tax | Tax (Credit) | Net of Tax |  | Pre-Tax | Tax (Credit) | Net of Tax
Foreign currency translation adjustments |  | $ | (1,928) |  | $ | — |  | $ | (1,928) |  |  | $ | (413) |  | $ | — |  | $ | (413) |
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) |  | 114 |  | 29 |  | 85 |  |  | 156 |  | 40 |  | 116 |
Subtotal |  | 113 |  | 29 |  | 84 |  |  | 155 |  | 40 |  | 115 |
Foreign currency translation adjustments |  | 499 |  | 123 |  | 376 |  |  | 7 |  | 1 |  | 6 |
Effect of remeasurement |  | 8 |  | 1 |  | 7 |  |  | 77 |  | 17 |  | 60 |
Effect of settlement |  | 2 |  | — |  | 2 |  |  | 2 |  | — |  | 2 |
Other adjustments |  | (19) |  | (5) |  | (14) |  |  | (7) |  | (2) |  | (5) |
Pension/post-retirement plans gains |  | 603 |  | 148 |  | 455 |  |  | 234 |  | 56 |  | 178 |
Other comprehensive (loss) income |  | $ | (1,325) |  | $ | 148 |  | $ | (1,473) |  |  | $ | (179) |  | $ | 56 |  | $ | (235) |
(a) 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 https://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 https://asc.fasb.org/extlink&oid=126953954&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 https://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 https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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