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Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Information Relating to 2016
The tables below summarize changes in accumulated other comprehensive loss recorded on our consolidated balance sheets by component for the three and six months ended June 30, 2016:
 
Pension Plans
 
Post-Retirement
Benefit Plans
 
Foreign Currency
Translation
Adjustment
and Other
 
Total
 
(Dollars in millions)
Balance at March 31, 2016
$
(1,690
)
 
(177
)
 
(40
)
 
(1,907
)
Other comprehensive income (loss) before reclassifications

 

 
(4
)
 
(4
)
Amounts reclassified from accumulated other comprehensive income
27

 
3

 

 
30

Net current-period other comprehensive income
27

 
3

 
(4
)
 
26

Balance at June 30, 2016
$
(1,663
)
 
(174
)
 
(44
)
 
(1,881
)
 
Pension Plans
 
Post-Retirement
Benefit Plans
 
Foreign Currency
Translation
Adjustment
and Other
 
Total
 
(Dollars in millions)
Balance at December 31, 2015
$
(1,715
)
 
(180
)
 
(39
)
 
(1,934
)
Other comprehensive income (loss) before reclassifications

 

 
(5
)
 
(5
)
Amounts reclassified from accumulated other comprehensive income
52

 
6

 

 
58

Net current-period other comprehensive income
52

 
6

 
(5
)
 
53

Balance at June 30, 2016
$
(1,663
)
 
(174
)
 
(44
)
 
(1,881
)


The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component for the three and six months ended June 30, 2016:
Three Months Ended June 30, 2016
 
(Decrease) Increase
in Net Income
 
Affected Line Item in Consolidated Statement of
Operations or Footnote Where Additional
Information is Presented If The Amount is not
Recognized in Net Income in Total
 
 
(Dollars in millions)
 
 
Amortization of pension & post-retirement plans
 
 
 
 
Net actuarial loss
 
$
(45
)
 
See Note 4-Employee Benefits
Prior service cost
 
(3
)
 
See Note 4-Employee Benefits
Total before tax
 
(48
)
 
 
Income tax benefit
 
18

 
Income tax expense
Net of tax
 
$
(30
)
 
 
Six Months Ended June 30, 2016
 
(Decrease) Increase
in Net Income
 
Affected Line Item in Consolidated Statement of
Operations or Footnote Where Additional
Information is Presented If The Amount is not
Recognized in Net Income in Total
 
 
(Dollars in millions)
 
 
Amortization of pension & post-retirement plans
 
 
 
 
Net actuarial loss
 
$
(87
)
 
See Note 4-Employee Benefits
Prior service cost
 
(6
)
 
See Note 4-Employee Benefits
Total before tax
 
(93
)
 
 
Income tax benefit
 
35

 
Income tax expense
Net of tax
 
$
(58
)
 
 

Information Relating to 2015
The tables below summarize changes in accumulated other comprehensive loss recorded on our consolidated balance sheets by component for the three and six months ended June 30, 2015:
 
Pension Plans
 
Post-Retirement
Benefit Plans
 
Foreign Currency
Translation
Adjustment
and Other
 
Total
 
(Dollars in millions)
Balance at March 31, 2015
$
(1,696
)
 
(269
)
 
(36
)
 
(2,001
)
Other comprehensive income (loss) before reclassifications

 

 
11

 
11

Amounts reclassified from accumulated other comprehensive income
28

 
3

 

 
31

Net current-period other comprehensive income
28

 
3

 
11

 
42

Balance at June 30, 2015
$
(1,668
)
 
(266
)
 
(25
)
 
(1,959
)
 
Pension Plans
 
Post-Retirement
Benefit Plans
 
Foreign Currency
Translation
Adjustment
and Other
 
Total
 
(Dollars in millions)
Balance at December 31, 2014
$
(1,720
)
 
(272
)
 
(25
)
 
(2,017
)
Other comprehensive income (loss) before reclassifications

 

 

 

Amounts reclassified from accumulated other comprehensive income
52

 
6

 

 
58

Net current-period other comprehensive income
52

 
6

 

 
58

Balance at June 30, 2015
$
(1,668
)
 
(266
)
 
(25
)
 
(1,959
)

The tables below present further information about our reclassifications out of accumulated other comprehensive loss by component for the three and six months ended June 30, 2015:
Three Months Ended June 30, 2015
 
(Decrease) Increase
in Net Income
 
Affected Line Item in Consolidated Statement of
Operations or Footnote Where Additional
Information is Presented If The Amount is not
Recognized in Net Income in Total
 
 
(Dollars in millions)
 
 
Amortization of pension & post-retirement plans
 
 
 
 
Net actuarial loss
 
$
(42
)
 
See Note 4-Employee Benefits
Prior service cost
 
(7
)
 
See Note 4-Employee Benefits
Total before tax
 
(49
)
 
 
Income tax benefit
 
18

 
Income tax expense
Net of tax
 
$
(31
)
 
 


Six Months Ended June 30, 2015
 
(Decrease) Increase
in Net Income
 
Affected Line Item in Consolidated Statement of
Operations or Footnote Where Additional
Information is Presented If The Amount is not
Recognized in Net Income in Total
 
 
(Dollars in millions)
 
 
Amortization of pension & post-retirement plans
 
 
 
 
Net actuarial loss
 
$
(80
)
 
See Note 4-Employee Benefits
Prior service cost
 
(13
)
 
See Note 4-Employee Benefits
Total before tax
 
(93
)
 
 
Income tax benefit
 
35

 
Income tax expense
Net of tax
 
$
(58
)