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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) ACCUMULATED OTHER COMPREHENSIVE LOSS
The following tables present changes in the accumulated balances for each component of other comprehensive (loss) income, including current period other comprehensive (loss) income and reclassifications out of accumulated other comprehensive loss, for the three and nine months ended September 30, 2024 and 2023:
(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 July 1, 2024$(2,073)$(5)$(237)$(2,315)
OCI before reclassifications555 2 (3)554 
Amounts reclassified from AOCI— (1)2 1 
Net current period other comprehensive income (loss)555 1 (1)555 
Accumulated other comprehensive (loss), net of tax, as of September 30, 2024$(1,518)$(4)$(238)$(1,760)
(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 January 1, 2024$(1,652)$1 $(245)$(1,896)
OCI before reclassifications130 (4)1 127 
Reclassifications due to business divestitures4 — — 4 
Amounts reclassified from AOCI— (1)6 5 
Net current period other comprehensive income (loss)134 (5)7 136 
Accumulated other comprehensive (loss), net of tax, as of September 30, 2024$(1,518)$(4)$(238)$(1,760)
(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 July 1, 2023$(1,722)$1 $(136)$(1,857)
OCI before reclassifications(477)— (2)(479)
Reclassifications due to business divestitures1 — — 1 
Amounts reclassified from AOCI— — (1)(1)
Net current period other comprehensive income (loss)(476)— (3)(479)
Accumulated other comprehensive (loss), net of tax, as of September 30, 2023$(2,198)$1 $(139)$(2,336)
(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 January 1, 2023$(2,066)$1 $(133)$(2,198)
OCI before reclassifications(175)— (2)(177)
Reclassifications due to business divestitures43 — (1)42 
Amounts reclassified from AOCI— — (3)(3)
Net current period other comprehensive income (loss)(132)— (6)(138)
Accumulated other comprehensive (loss) income, net of tax, as of September 30, 2023$(2,198)$1 $(139)$(2,336)
The following table provides details about pension and postretirement liability reclassifications out of Accumulated other comprehensive loss to the Consolidated Statements of Income and Comprehensive Income (Loss):
Three Months Ended September 30,Affected Line Item in the Consolidated Statements of Income and Comprehensive (Loss) Income
(DOLLARS IN MILLIONS)20242023
Gains (losses) on pension and postretirement liability adjustments
Prior service cost$1 $2 
(1)
Actuarial losses(3)— 
(1)
Tax— (1)Provision for income taxes
Total$(2)$1 Total, net of income taxes
Nine Months Ended September 30,Affected Line Item in the Consolidated Statements of Income and Comprehensive Income (Loss)
(DOLLARS IN MILLIONS)20242023
Gains (losses) on pension and postretirement liability adjustments
Prior service cost$2 $4 
(1)
Actuarial losses(8)— 
(1)
Tax— (1)Provision for income taxes
Total$(6)$3 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. Refer to Note 15 of the Company’s 2023 Form 10-K for additional information regarding net periodic benefit cost.