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Accumulated Other Comprehensive Income (Loss) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Accumulated Other Comprehensive Income Loss | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including current period other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss):
(DOLLARS IN MILLIONS) | Foreign Currency Translation Adjustments |  | Gains (Losses) on Derivatives Qualifying as Hedges |  | Pension and Postretirement Liability Adjustment |  | Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2022 | $ | (2,066) |  |  | $ | 1 |  |  | $ | (133) |  |  | $ | (2,198) |
OCI before reclassifications | 367 |  |  | — |  |  | (100) |  |  | 267 |
Reclassifications due to business divestitures | 47 |  |  | — |  |  | (1) |  |  | 46 |
Amounts reclassified from AOCI | — |  |  | — |  |  | (11) |  |  | (11) |
Net current period other comprehensive income (loss) | 414 |  |  | — |  |  | (112) |  |  | 302 |
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2023 | $ | (1,652) |  |  | $ | 1 |  |  | $ | (245) |  |  | $ | (1,896) |
(DOLLARS IN MILLIONS) | Foreign Currency Translation Adjustments |  | Gains (Losses) on Derivatives Qualifying as Hedges |  | Pension and Postretirement Liability Adjustment |  | Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2021 | $ | (1,133) |  |  | $ | 1 |  |  | $ | (291) |  |  | $ | (1,423) |
OCI before reclassifications | (933) |  |  | — |  |  | 148 |  |  | (785) |
Amounts reclassified from AOCI | — |  |  | — |  |  | 10 |  |  | 10 |
Net current period other comprehensive income (loss) | (933) |  |  | — |  |  | 158 |  |  | (775) |
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2022 | $ | (2,066) |  |  | $ | 1 |  |  | $ | (133) |  |  | $ | (2,198) |
(DOLLARS IN MILLIONS) | Foreign Currency Translation Adjustments |  | Gains (Losses) on Derivatives Qualifying as Hedges |  | Pension and Postretirement Liability Adjustment |  | Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2020 | $ | (285) |  |  | $ | (7) |  |  | $ | (406) |  |  | $ | (698) |
OCI before reclassifications | (848) |  |  | 1 |  |  | 97 |  |  | (750) |
Amounts reclassified from AOCI | — |  |  | 7 |  |  | 18 |  |  | 25 |
Net current period other comprehensive income (loss) | (848) |  |  | 8 |  |  | 115 |  |  | (725) |
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2021 | $ | (1,133) |  |  | $ | 1 |  |  | $ | (291) |  |  | $ | (1,423) |
The following table provides details about reclassifications out of Accumulated other comprehensive loss to the Consolidated Statements of (Loss) Income and Comprehensive Loss:
| Year Ended December 31, |  |
(DOLLARS IN MILLIONS) | 2023 |  | 2022 |  | 2021 |  | Affected Line Item in the Consolidated Statements of (Loss) Income and Comprehensive Loss
Gains (losses) on derivatives qualifying as hedges |  |  |  |  |  |  |
Foreign currency contracts | $ | — |  |  | $ | — |  |  | $ | (7) |  |  | Cost of goods sold
Interest rate swaps | — |  |  | — |  |  | (1) |  |  | Interest expense
Tax | — |  |  | — |  |  | 1 |  |  | Provision for income taxes
Total | $ | — |  |  | $ | — |  |  | $ | (7) |  |  | Total, net of income taxes
Gains (losses) on pension and postretirement liability adjustments |  |  |  |  |  |  |
Prior service cost | $ | 6 |  |  | $ | 7 |  |  | $ | 7 |  |  | (1)
Actuarial gains (losses) | 8 |  |  | (21) |  |  | (38) |  |  | (1)
Other items | — |  |  | — |  |  | 17 |  |  | (2)
Tax | (3) |  |  | 4 |  |  | (4) |  |  | Provision for income taxes
Total | $ | 11 |  |  | $ | (10) |  |  | $ | (18) |  |  | Total, net of income taxes
_______________________ (1)The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. See Note 15 for additional information regarding net periodic benefit cost. (2)Represents certain amounts of pension income that were corrected in 2021.

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