Note 7 - Accumulated Other Comprehensive Income Loss

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

7. Accumulated Other Comprehensive Income/Loss

Reclassifications out of accumulated other comprehensive income/loss were as follows (net of tax):

Millions	Defined benefit plans			Foreign currency translation			Total
Balance at January 1, 2023		$	(378	)	$	(204	)	$	(582	)
Other comprehensive income/(loss) before reclassifications			-			23			23
Amounts reclassified from accumulated other comprehensive income/(loss) [a]			(1	)		-			(1	)
Net year-to-date other comprehensive income/(loss), net of taxes of ($0) million			(1	)		23			22
Balance at March 31, 2023		$	(379	)	$	(181	)	$	(560	)
Balance at January 1, 2022		$	(658	)	$	(256	)	$	(914	)
Other comprehensive income/(loss) before reclassifications			-			21			21
Amounts reclassified from accumulated other comprehensive income/(loss) [a]			15			-			15
Net year-to-date other comprehensive income/(loss), net of taxes of ($5) million			15			21			36
Balance at March 31, 2022		$	(643	)	$	(235	)	$	(878	)

[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 benefit/cost. See Note 4 Retirement Plans for additional details.