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RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Reclassifications from Accumulated Other Comprehensive Income (loss) to the Condensed Consolidated Statements of Operations | The reclassifications from accumulated other comprehensive income to the consolidated statements of operations were as follows, in millions:
|  | Year Ended December 31, |  |
Accumulated Other Comprehensive Income |  | 2023 |  | 2022 |  | 2021 |  | Statement of Operations Line Item
Settlement and amortization of defined-benefit pension and other post-retirement benefits (A): |  |  |  |  |  |  |  |
Actuarial losses, net and prior service cost |  | $ | 1 |  |  | $ | 6 |  |  | $ | 18 |  |  | Other, net
Settlement loss |  | — |  |  | — |  |  | 451 |  |  | Other, net
Tax expense (benefit) |  | — |  |  | (2) |  |  | (104) |  |  |
Net of tax |  | $ | 1 |  |  | $ | 4 |  |  | $ | 365 |  |  |
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 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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