Accumulated Other Comprehensive Income/(Loss)

9 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Income/(Loss) [Abstract]

Accumulated Other Comprehensive Income/(Loss)

9. Accumulated Other Comprehensive Income/Loss

Reclassifications out of accumulated other comprehensive income/loss for the three and nine months ended September 30, 2021 and 2020, were as follows (net of tax):

Millions	Defined ‎benefit ‎plans		Foreign ‎currency ‎translation		Total
Balance at July 1, 2021	$	(1,332)	$	(219)	$	(1,551)
Other comprehensive income/(loss) before reclassifications		(1)		(6)		(7)
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		25		-		25
Net quarter-to-date other comprehensive income/(loss), ‎net of taxes of ($8) million		24		(6)		18
Balance at September 30, 2021	$	(1,308)	$	(225)	$	(1,533)
Balance at July 1, 2020	$	(1,110)	$	(262)	$	(1,372)
Other comprehensive income/(loss) before reclassifications		-		3		3
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		18		-		18
Net quarter-to-date other comprehensive income/(loss), ‎net of taxes of ($6) million		18		3		21
Balance at September 30, 2020	$	(1,092)	$	(259)	$	(1,351)

[a]The accumulated other comprehensive income/loss reclassification components are 1) prior service cost/credit and 2) net actuarial loss which are both included in the computation of net periodic pension cost. See Note 5 Retirement Plans for additional details.

Millions	Defined ‎benefit ‎plans		Foreign ‎currency ‎translation		Total
Balance at January 1, 2021	$	(1,381)	$	(212)	$	(1,593)
Other comprehensive income/(loss) before reclassifications		(3)		(13)		(16)
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		76		-		76
Net year-to-date other comprehensive income/(loss), ‎net of taxes of ($26) million		73		(13)		60
Balance at September 30, 2021	$	(1,308)	$	(225)	$	(1,533)
Balance at January 1, 2020	$	(1,150)	$	(206)	$	(1,356)
Other comprehensive income/(loss) before reclassifications		3		(53)		(50)
Amounts reclassified from accumulated other comprehensive income/(loss) [a]		55		-		55
Net year-to-date other comprehensive income/(loss), ‎net of taxes of ($18) million		58		(53)		5
Balance at September 30, 2020	$	(1,092)	$	(259)	$	(1,351)

[a]The accumulated other comprehensive income/loss reclassification components are 1) prior service cost/credit and 2) net actuarial loss which are both included in the computation of net periodic pension cost. See Note 5 Retirement Plans for additional details.