XML 27 R13.htm IDEA: XBRL DOCUMENT
v3.22.4

Accumulated Other Comprehensive Income (Loss) | 12 Months Ended
--- | ---
Dec. 31, 2022
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The changes, net of tax, in the balances of each component of AOCI for the years ended December 31, 2022 and 2021, 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, 2022 |  |  | $ | (3,202) |  |  | $ | (1,373) |  |  | $ | (4,575) |
Other comprehensive income (loss) before reclassifications |  |  | 371 |  |  | (1,220) |  |  | (849) |
Amounts reclassified from accumulated other comprehensive loss |  |  | 110 |  |  | — |  |  | 110 |
Net current period other comprehensive income (loss) |  |  | 481 |  |  | (1,220) |  |  | (739) |
Balance as of December 31, 2022 |  |  | $ | (2,721) |  |  | $ | (2,593) |  |  | $ | (5,314) |
(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 income (loss) |  |  | 924 |  |  | (389) |  |  | 535 |
Balance as of December 31, 2021 |  |  | $ | (3,202) |  |  | $ | (1,373) |  |  | $ | (4,575) |
The components of other comprehensive (loss) income for the years ended December 31, 2022, 2021 and 2020 are as follows:
For the Year Ended December 31, | 2022
(In millions) | Pre-Tax | Tax | Net of Tax
Foreign currency translation adjustments | $ | (1,198) |  | $ | 22 |  | $ | (1,220) |
Pension/post-retirement plans: |  |  |
Amortization of (gains) losses included in net benefit (credit) cost: |  |  |
Prior service credits (a) | (2) |  | — |  | (2) |
Net actuarial losses (a) | 150 |  | 38 |  | 112 |
Effect of settlement (a) | 2 |  | — |  | 2 |
Subtotal | 150 |  | 38 |  | 112 |
Net gains arising during period | 203 |  | 51 |  | 152 |
Foreign currency translation adjustments | 285 |  | 71 |  | 214 |
Other adjustments | 3 |  | — |  | 3 |
Pension/post-retirement plans gains | 641 |  | 160 |  | 481 |
Other comprehensive (loss) income | $ | (557) |  | $ | 182 |  | $ | (739) |
(a) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses is included in income tax expense.
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 benefit (credit) 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 losses 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) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses is 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 benefit (credit) 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) Included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses is included in income tax expense. The components of accumulated other comprehensive loss are as follows:
(In millions) | December 31, 2022 |  | December 31, 2021
Foreign currency translation adjustments (net of deferred tax liability of $8 in 2022 and deferred tax asset of $13 in 2021, respectively) | $ | (2,593) |  |  | $ | (1,373) |
Net charges related to pension/post-retirement plans (net of deferred tax asset of $1,340 and $1,501 in 2022 and 2021, respectively) | (2,721) |  |  | (3,202) |
| $ | (5,314) |  |  | $ | (4,575) |

X
- 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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration