OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2021

The following table presents the changes in AOCI, net of tax, reported in the consolidated and combined financial statements:


In millions	2021			2020		2019
Defined Benefit Pension and Postretirement Adjustments
Balance at beginning of period	$	(48)		$	(44)	$	(38)
Other comprehensive income (loss) before reclassifications	(3)			(5)		(7)
Pension plan transfer from Parent	(30)			—		—
Amounts reclassified from accumulated other comprehensive income	1			1		1
Balance at end of period	(80)			(48)		(44)
Change in Cumulative Foreign Currency Translation Adjustments
Balance at beginning of period	(1,433)			(1,187)		(1,149)
Transfer from Parent	(113)		(a)	—		—
Other comprehensive income (loss) before reclassifications	(173)		(a)	(246)		(38)
Balance at end of period	(1,719)			(1,433)		(1,187)
Net Gains and Losses on Cash Flow Hedging Derivatives
Balance at beginning of period	1			2		(4)
Other comprehensive income (loss) before reclassifications	(2)			(25)		1
Amounts reclassified from accumulated other comprehensive income	(1)			24		5
Balance at end of period	(2)			1		2
Total Accumulated Other Comprehensive Income (Loss) at End of Period	$	(1,801)		$	(1,480)	$	(1,229)

(a) These amounts include out of period corrections to record certain cumulative translation adjustment balances allocated to us from International Paper with an offsetting increase to Parent company investment. The corrections consist of a $(113) million adjustment pertaining to our opening balance sheet and a net adjustment of $(87) million to appropriately record subsequent cumulative translation adjustment (losses) gains pertaining to the years ended December 31, 2020, 2019 and 2018 in the amounts of $(42) million, $21 million and $(66) million, respectively. These amounts were determined to be immaterial to the current and prior periods.