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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive loss, net of non-controlling interests, and net of tax are provided in the following tables for the three and six months ended June 30, 2022 and 2021. These tables exclude amounts attributable to non-controlling interests, which are not material for further disclosure.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency
translation (i)

 

 

Derivative
instruments (i)

 

 

Defined pension and
post-retirement
benefit costs (ii)

 

 

Total

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Quarter-to-date activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2022 and 2021, respectively

 

$

(548

)

 

$

(398

)

 

$

8

 

 

$

15

 

 

$

(1,702

)

 

$

(1,928

)

 

$

(2,242

)

 

$

(2,311

)

Other comprehensive (loss)/income before
   reclassifications

 

 

(246

)

 

 

22

 

 

 

(2

)

 

 

1

 

 

 

(4

)

 

 

(1

)

 

 

(252

)

 

 

22

 

(Gain)/loss reclassified from accumulated other
   comprehensive loss (net of income tax benefit of
   $1 and $1, respectively)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(3

)

 

 

8

 

 

 

14

 

 

 

8

 

 

 

11

 

Net current-period other comprehensive
   (loss)/income

 

 

(246

)

 

 

22

 

 

 

(2

)

 

 

(2

)

 

 

4

 

 

 

13

 

 

 

(244

)

 

 

33

 

Balance at June 30, 2022 and 2021, respectively

 

$

(794

)

 

$

(376

)

 

$

6

 

 

$

13

 

 

$

(1,698

)

 

$

(1,915

)

 

$

(2,486

)

 

$

(2,278

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-date activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2021 and 2020, respectively

 

$

(489

)

 

$

(400

)

 

$

11

 

 

$

9

 

 

$

(1,708

)

 

$

(1,968

)

 

$

(2,186

)

 

$

(2,359

)

Other comprehensive (loss)/income before
   reclassifications

 

 

(305

)

 

 

(20

)

 

 

(3

)

 

 

8

 

 

 

(2

)

 

 

—

 

 

 

(310

)

 

 

(12

)

Loss/(gain) reclassified from accumulated other
   comprehensive loss (net of income tax benefit of
   $4 and $7, respectively) (iii)

 

 

—

 

 

 

44

 

 

 

(2

)

 

 

(4

)

 

 

12

 

 

 

53

 

 

 

10

 

 

 

93

 

Net current-period other comprehensive
   (loss)/income

 

 

(305

)

 

 

24

 

 

 

(5

)

 

 

4

 

 

 

10

 

 

 

53

 

 

 

(300

)

 

 

81

 

Balance at June 30, 2022 and 2021, respectively

 

$

(794

)

 

$

(376

)

 

$

6

 

 

$

13

 

 

$

(1,698

)

 

$

(1,915

)

 

$

(2,486

)

 

$

(2,278

)

 

(i)
Reclassification adjustments from accumulated other comprehensive loss related to derivative instruments are included in Revenue and Salaries and benefits in the accompanying condensed consolidated statements of comprehensive income. See Note 9 — Derivative Financial Instruments for additional details regarding the reclassification adjustments for the derivative settlements.
(ii)
Reclassification adjustments from accumulated other comprehensive loss are included in the computation of net periodic pension cost (see Note 12 — Retirement Benefits). These components are included in Other income, net in the accompanying condensed consolidated statements of comprehensive income.
(iii)
Includes reclassifications in 2021 of $44 million and $31 million of foreign currency translation and defined pension and post-retirement benefit costs, respectively, attributable to the gain on disposal of our Miller business (see Note 3 — Acquisitions and Divestitures). The net gain on disposal is included in Other income, net in the accompanying condensed consolidated statements of comprehensive income.