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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
3 Months Ended
Mar. 31, 2022
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]  
Changes in Amounts Included in Our Accumulated Other Comprehensive Loss

Changes in amounts included in our accumulated other comprehensive loss by component are:

 

 

 

QUARTER ENDED

 

DOLLAR AMOUNTS IN MILLIONS

 

MARCH 2022

 

 

MARCH 2021

 

Pension(1)

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

(720

)

 

$

(1,064

)

Other comprehensive income (loss) before reclassifications

 

 

(8

)

 

 

(4

)

Amounts reclassified from accumulated other comprehensive loss to earnings(2)

 

 

19

 

 

 

24

 

Total other comprehensive income

 

 

11

 

 

 

20

 

Balance at end of period

 

$

(709

)

 

$

(1,044

)

Other post-employment benefits(1)

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

(2

)

 

$

(12

)

Other comprehensive income (loss) before reclassifications

 

 

1

 

 

 

 

Amounts reclassified from accumulated other comprehensive loss to earnings(2)

 

 

1

 

 

 

1

 

Total other comprehensive income

 

 

2

 

 

 

1

 

Balance at end of period

 

$

 

 

$

(11

)

Translation adjustments and other

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

243

 

 

$

254

 

Translation adjustments

 

 

16

 

 

 

9

 

Total other comprehensive income

 

 

16

 

 

 

9

 

Balance at end of period

 

 

259

 

 

 

263

 

Accumulated other comprehensive loss, end of period

 

$

(450

)

 

$

(792

)

(1)

Amounts presented are net of tax.

(2)

Amounts of actuarial loss and prior service (cost) credit are components of net periodic benefit cost (credit). See Note 6: Pension and Other Post-Employment Benefit Plans.