| CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS The following represents changes in Accumulated Other Comprehensive Loss attributable to Graphic Packaging Holding Company by component for the six months ended June 30, 2024:
| | | | | | | | | | | | | | | | | | | In millions, net of tax | Derivative Instruments | | | Pension and Postretirement Benefit Plans | Currency Translation Adjustments | | Total | | Balance at December 31, 2023 | $ | (1) | | | | $ | (107) | | $ | (205) | | | $ | (313) | | | Other Comprehensive (Loss) Income before Reclassifications | (2) | | | | 2 | | (82) | | | (82) | | Amounts Reclassified from Accumulated Other Comprehensive Loss(a) | 5 | | | | 1 | | — | | | 6 | | Net Current-period Other Comprehensive Income (Loss) | 3 | | | | 3 | | (82) | | | (76) | | | | | | | | | | | | | | | | | | | Balance at June 30, 2024 | $ | 2 | | | | $ | (104) | | $ | (287) | | | $ | (389) | |
(a) See following table for details about these reclassifications.
The following represents reclassifications out of Accumulated Other Comprehensive Loss for the six months ended June 30, 2024:
| | | | | | | | | | | | | In millions | | | | | Details about Accumulated Other Comprehensive Loss Components | Amount Reclassified from Accumulated Other Comprehensive Loss | | Affected Line Item in the Statement Where Net Income is Presented | | Derivatives Instruments: | | | | | Commodity Contracts | $ | 8 | | | Cost of Sales | | Interest Rate Swap Agreements | (1) | | | Other Expense, Net | | 7 | | | Total before Tax | | (2) | | | Tax Benefit | | $ | 5 | | | Total, Net of Tax | | | | | Amortization of Defined Benefit Pension Plans: | | | | | | | | | Actuarial Losses | $ | 2 | | (a) | | | | | | | | | | | $ | 2 | | | Total, Net of Tax | | | | | Amortization of Postretirement Benefit Plans: | | | | | | | | | Actuarial Gains | $ | (1) | | (a) | | | | | | | | | | | $ | (1) | | | Total, Net of Tax | | | | | Total Reclassifications for the Period | $ | 6 | | | Total Net of Tax |
(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see “Note 6 - Pensions and Other Postretirement Benefits”).
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