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RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 6 Months Ended
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Jun. 30, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Schedule of reclassifications from accumulated other comprehensive (loss) income to the condensed consolidated statements of operations | The reclassifications from accumulated other comprehensive income to the condensed consolidated statements of operations were as follows, in millions:
| Amounts Reclassified |  |
Accumulated Other Comprehensive Income | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Statement of Operations Line Item
2022 |  | 2021 |  | 2022 |  | 2021 |
Settlement and amortization of defined-benefit pension and other post-retirement benefits (A): |  |  |  |  |  |  |  |  |
Actuarial losses, net | $ | 1 |  |  | $ | 9 |  |  | $ | 3 |  |  | $ | 16 |  |  | Other, net
Settlement loss | — |  |  | 447 |  |  | — |  |  | 447 |  |  | Other, net
Tax (benefit) | — |  |  | (98) |  |  | (1) |  |  | (100) |  |  |
Net of tax | $ | 1 |  |  | $ | 358 |  |  | $ | 2 |  |  | $ | 363 |  |  |
Interest rate swaps (B) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | Interest expense
Tax expense | — |  |  | — |  |  | — |  |  | 5 |  |  |
Net of tax | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7 |  |  |
(A) In the second quarter of 2021, we settled our qualified domestic defined-benefit pension plans and recognized $447 million of pre-tax actuarial losses from accumulated other comprehensive income and $96 million of income tax benefit, which included $11 million of related disproportionate tax expense. Additionally, the amortization of defined-benefit pension and other post-retirement benefits included $3 million, net of tax, due to the disposition of pension plans in connection with the divestiture of Hüppe. (B) Upon full repayment and retirement of the 5.950% Notes due March 15, 2022 in the first quarter of 2021, we recognized the remaining interest rate swap loss and related disproportionate tax expense.

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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