Note 8 - Accumulated Other Comprehensive Income/Loss

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

8. 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		Unrealized gain on derivative instruments [a]			Total
Balance at January 1, 2024	$	(484	)	$	(146	)	$	16	$	(614	)
Other comprehensive income/(loss) before reclassifications		2			3			-		5
Amounts reclassified from accumulated other comprehensive income/(loss) [b]		(1	)		-			-		(1	)
Net quarter-to-date other comprehensive income/(loss), net of taxes of ($0) million		1			3			-		4
Balance at March 31, 2024	$	(483	)	$	(143	)	$	16	$	(610	)
Balance at January 1, 2023	$	(378	)	$	(204	)	$	-	$	(582	)
Other comprehensive income/(loss) before reclassifications		-			23			-		23
Amounts reclassified from accumulated other comprehensive income/(loss) [b]		(1	)		-			-		(1	)
Net quarter-to-date other comprehensive income/(loss), net of taxes of ($0) million		(1	)		23			-		22
Balance at March 31, 2023	$	(379	)	$	(181	)	$	-	$	(560	)

[a]	Related to interest rate swaps from equity method investments.
[b]	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 5 Retirement Plans for additional details.