Accumulated Other Comprehensive Losses

6 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Losses

Accumulated Other Comprehensive Losses:

PMI’s accumulated other comprehensive losses, net of taxes, consisted of the following:

(Losses) Earnings	At		At		At
(in millions)	June 30, 2022		December 31, 2021		June 30, 2021
Currency translation adjustments	$	(6,558)	$	(6,701)	$	(6,586)
Pension and other benefits	(2,735)		(2,880)		(4,073)
Derivatives accounted for as hedges	250		4		(6)
Total accumulated other comprehensive losses	$	(9,043)	$	(9,577)	$	(10,665)

Reclassifications from Other Comprehensive Earnings

The movements in accumulated other comprehensive losses and the related tax impact, for each of the components above, that are due to current period activity and reclassifications to the income statement, are shown on the condensed consolidated statements of comprehensive earnings for the six months and three months ended June 30, 2022 and 2021. For additional information, see Note 2. Acquisitions (Purchase of Noncontrolling Interests) for disclosures related to currency translation adjustments, Note 5. Benefit Plans for disclosures related to PMI's pension and other benefits and Note 7. Financial Instruments for disclosures related to derivative financial instruments.