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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2020
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, 2020 and 2019. 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

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Quarter-to-date activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2020 and 2019, respectively

 

$

(746

)

 

$

(607

)

 

$

(5

)

 

$

3

 

 

$

(1,695

)

 

$

(1,370

)

 

$

(2,446

)

 

$

(1,974

)

Other comprehensive income/(loss) before

   reclassifications

 

 

48

 

 

 

(19

)

 

 

(3

)

 

 

(7

)

 

 

6

 

 

 

3

 

 

 

51

 

 

 

(23

)

Loss reclassified from accumulated other

   comprehensive loss (net of income tax benefit of

   $7 and $3, respectively)

 

 

—

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

3

 

 

 

4

 

 

 

5

 

 

 

4

 

Net current-period other comprehensive income/(loss)

 

 

48

 

 

 

(19

)

 

 

(1

)

 

 

(7

)

 

 

9

 

 

 

7

 

 

 

56

 

 

 

(19

)

Balance at June 30, 2020 and 2019, respectively

 

$

(698

)

 

$

(626

)

 

$

(6

)

 

$

(4

)

 

$

(1,686

)

 

$

(1,363

)

 

$

(2,390

)

 

$

(1,993

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-date activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2019 and 2018, respectively

 

$

(538

)

 

$

(616

)

 

$

13

 

 

$

(8

)

 

$

(1,702

)

 

$

(1,337

)

 

$

(2,227

)

 

$

(1,961

)

Other comprehensive (loss)/income before

   reclassifications

 

 

(160

)

 

 

(10

)

 

 

(22

)

 

 

(1

)

 

 

2

 

 

 

4

 

 

 

(180

)

 

 

(7

)

Loss reclassified from accumulated other

   comprehensive loss (net of income tax benefit of

   $7 in both 2020 and 2019)

 

 

—

 

 

 

—

 

 

 

3

 

 

 

5

 

 

 

14

 

 

 

6

 

 

 

17

 

 

 

11

 

Net current-period other comprehensive (loss)/income

 

 

(160

)

 

 

(10

)

 

 

(19

)

 

 

4

 

 

 

16

 

 

 

10

 

 

 

(163

)

 

 

4

 

Reclassification of tax effects per ASU 2018-02 (iii)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(36

)

 

 

—

 

 

 

(36

)

Balance at June 30, 2020 and 2019, respectively

 

$

(698

)

 

$

(626

)

 

$

(6

)

 

$

(4

)

 

$

(1,686

)

 

$

(1,363

)

 

$

(2,390

)

 

$

(1,993

)

 

(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 8 — 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 11 — Retirement Benefits). These components are included in Other income, net in the accompanying condensed consolidated statements of comprehensive income.

(iii)

On January 1, 2019, in accordance with ASU 2018-02, we reclassified to Retained earnings $36 million of defined pension and postretirement costs, representing the ‘stranded’ tax effect of the change in the U.S. federal corporate tax rate resulting from U.S. Tax Reform.