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Accumulated Other Comprehensive Loss | 9 Months Ended
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Sep. 30, 2020
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The following tables display the changes in Accumulated Other Comprehensive Loss (“AOCL”) by component, net of tax, for the nine months ended September 30, 2020 (in millions):
| Cumulative Translation Adjustment |  | Pension and Postretirement Costs |  | Derivative Financial Instruments |  | AOCL
Balance at December 31, 2019 | $ | (479) |  |  | $ | (399) |  |  | $ | (42) |  |  | $ | (920) |
Other comprehensive income (loss) before reclassifications | (97) |  |  | (2) |  |  | 21 |  |  | (78) |
Amounts reclassified to earnings | — |  |  | 14 |  |  | (4) |  |  | 10 |
Net current period other comprehensive income (loss) | (97) |  |  | 12 |  |  | 17 |  |  | (68) |
Balance at September 30, 2020 | $ | (576) |  |  | $ | (387) |  |  | $ | (25) |  |  | $ | (988) |
For the three months ended September 30, 2020 and 2019, reclassifications from AOCL to the results of operations for the Company’s pension and postretirement benefit plans were a pretax expense of $6 million and $2 million, respectively. For the nine months ended September 30, 2020 and 2019, reclassifications from AOCL to the results of operations for the Company’s pension and postretirement benefit plans were a pretax expense of $17 million and $6 million, respectively. These reclassifications primarily represent the amortization of net actuarial losses (see Footnote 11). These costs are recorded in other expense, net. For the three months ended September 30, 2020 and 2019, reclassifications from AOCL to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were pretax income of $6 million and nil, respectively, and pretax income of $5 million for both the nine months ended September 30, 2020 and 2019 (see Footnote 10). The income tax (expense) benefit allocated to the components of AOCL for the periods indicated are as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Foreign currency translation adjustments | $ | 12 |  |  | $ | — |  |  | $ | 11 |  |  | $ | — |
Unrecognized pension and postretirement costs | (1) |  |  | 3 |  |  | (3) |  |  | 11 |
Derivative financial instruments | 2 |  |  | (1) |  |  | (5) |  |  | 1 |
Income tax benefit related to AOCL | $ | 13 |  |  | $ | 2 |  |  | $ | 3 |  |  | $ | 12 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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- References No definition available. + Details
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