Accumulated Other Comprehensive Income

The following table details the activity of the three components that comprise Accumulated other comprehensive loss for Arconic (such activity for Noncontrolling interest was immaterial for all periods presented):



First quarter ended March 31,	2022		2021
Pension and other postretirement benefits (G)
Balance at beginning of period	$	(1,121)	$	(1,791)
Other comprehensive income:
Unrecognized net actuarial loss and prior service cost/benefit	55		(1)
Tax expense	(12)		—
Total Other comprehensive income (loss) before reclassifications, net of tax	43		(1)
Amortization of net actuarial loss and prior service cost/benefit(1)	20		33
Tax expense(2)	(5)		(7)
Total amount reclassified from Accumulated other comprehensive loss, net of tax(5)	15		26
Total Other comprehensive income	58		25
Balance at end of period	$	(1,063)	$	(1,766)
Foreign currency translation
Balance at beginning of period	$	25	$	29
Other comprehensive loss(3)	(7)		(7)
Balance at end of period	$	18	$	22
Cash flow hedges (P)
Balance at beginning of period	$	(15)	$	1
Other comprehensive loss:
Net change from periodic revaluations	(143)		(35)
Tax benefit	33		8
Total Other comprehensive loss before reclassifications, net of tax	(110)		(27)
Net amount reclassified to earnings(4)	53		7
Tax expense(2)	(13)		(2)
Total amount reclassified from Accumulated other comprehensive (loss) income, net of tax(5)	40		5
Total Other comprehensive loss	(70)		(22)
Balance at end of period	$	(85)	$	(21)
Accumulated other comprehensive loss	$	(1,130)	$	(1,765)

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(1)These amounts were included in the non-service component of net periodic benefit cost for pension and other postretirement benefits (see Note G).

(2)These amounts were reported in Provision for income taxes on the accompanying Statement of Consolidated Operations.

(3)In all periods presented, there were no tax impacts related to rate changes and no amounts were reclassified to earnings.

(4)These amounts relate to aluminum, a portion of which were reported in both Sales and Cost of goods sold on the accompanying Statement of Consolidated Operations (see Note P). For both periods presented, amounts related to energy and alloying materials were not material.

(5)A positive amount indicates a corresponding charge to earnings and a negative amount indicates a corresponding benefit to earnings. These amounts were reflected on the accompanying Statement of Consolidated Operations in the line items indicated in footnotes 1 through 4.