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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The table below presents the fair value of our derivative financial instruments as well as their classification on the consolidated balance sheets at June 30, 2022 and December 31, 2021, as follows (in millions):
|  |  | June 30, 2022 |  | December 31, 2021
Derivatives designated as | Balance Sheet Location |  | Fair Value
Cash flow hedging contracts | Other current and noncurrent liabilities |  | $ | — |  |  | 25 |
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss) by Component | The amount of realized losses reclassified from AOCI to the statement of operations consists of the following (in millions):
Derivatives designated as hedging instruments |  | 2022 |  | 2021
Cash flow hedging contracts |  |  |  |
Three Months Ended June 30, |  | $ | — |  |  | 21 |
Six Months Ended June 30, |  | $ | 22 |  |  | 41 |
The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component for the three and six months ended June 30, 2022:
Three Months Ended June 30, 2022 |  | Decrease (Increase) in Net Income |  | Affected Line Item in Consolidated Statement of Operations
|  | (Dollars in millions) |  |
Interest rate swaps |  | $ | — |  |  | Interest expense
Income tax benefit |  | — |  |  | Income tax expense
Net of tax |  | $ | — |  |  |
Amortization of pension & post-retirement plans(1) |  |  |  |
Net actuarial loss |  | $ | 30 |  |  | Other (expense) income, net
Prior service cost |  | — |  |  | Other (expense) income, net
Total before tax |  | 30 |  |  |
Income tax benefit |  | (8) |  |  | Income tax expense
Net of tax |  | $ | 22 |  |  |
Six Months Ended June 30, 2022 |  | Decrease (Increase) in Net Income |  | Affected Line Item in Consolidated Statement of Operations
|  | (Dollars in millions) |  |
Interest rate swaps |  | $ | 22 |  |  | Interest expense
Income tax benefit |  | (5) |  |  | Income tax expense
Net of tax |  | $ | 17 |  |  |
Amortization of pension & post-retirement plans(1) |  |  |  |
Net actuarial loss |  | $ | 67 |  |  | Other (expense) income, net
Prior service credit |  | (1) |  |  | Other (expense) income, net
Total before tax |  | 66 |  |  |
Income tax benefit |  | (17) |  |  | Income tax expense
Net of tax |  | $ | 49 |  |  |
________________________________________________________________________ (1)See Note 8—Employee Benefits for additional information on our net periodic benefit expense (income) related to our pension and post-retirement plans. The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component for the three and six months ended June 30, 2021:
Three Months Ended June 30, 2021 |  | Decrease (Increase) in Net Income |  | Affected Line Item in Consolidated Statement of Operations
|  | (Dollars in millions) |  |
Interest rate swaps |  | $ | 21 |  |  | Interest expense
Income tax expense |  | (5) |  |  | Income tax expense
Net of tax |  | $ | 16 |  |  |
Amortization of pension & post-retirement plans(1) |  |  |  |
Net actuarial loss |  | $ | 50 |  |  | Other (expense) income, net
Prior service cost |  | 1 |  |  | Other (expense) income, net
Total before tax |  | 51 |  |  |
Income tax benefit |  | (12) |  |  | Income tax expense
Net of tax |  | $ | 39 |  |  |
Six Months Ended June 30, 2021 |  | Decrease (Increase) in Net Income |  | Affected Line Item in Consolidated Statement of Operations
|  | (Dollars in millions) |  |
Interest rate swaps |  | $ | 41 |  |  | Interest expense
Income tax benefit |  | (10) |  |  | Income tax expense
Net of tax |  | $ | 31 |  |  |
Amortization of pension & post-retirement plans(1) |  |  |  |
Net actuarial loss |  | $ | 100 |  |  | Other (expense) income, net
Prior service cost |  | 3 |  |  | Other (expense) income, net
Total before tax |  | 103 |  |  |
Income tax benefit |  | (25) |  |  | Income tax expense
Net of tax |  | $ | 78 |  |  |
________________________________________________________________________ (1)See Note 8—Employee Benefits for additional information on our net periodic benefit income related to our pension and post-retirement plans.

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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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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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