Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2022

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

Summary of the entity's accumulated other comprehensive loss by component

The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheet by component for the year ended December 31, 2022:

	Pension Plans		Post-Retirement Benefit Plans	Foreign Currency Translation Adjustment and Other	Interest Rate Swap	Total
	(Dollars in millions)
Balance at December 31, 2021	$	(1,577)	(164)	(400)	(17)	(2,158)
Other comprehensive income (loss) before reclassifications	98		473	(134)	—	437
Amounts reclassified from accumulated other comprehensive loss	494		(1)	112	17	622
Net current-period other comprehensive income (loss)	592		472	(22)	17	1,059
Balance at December 31, 2022	$	(985)	308	(422)	—	(1,099)

The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheet by component for the year ended December 31, 2021:

	Pension Plans		Post-Retirement Benefit Plans	Foreign Currency Translation Adjustment and Other	Interest Rate Swap	Total
	(Dollars in millions)
Balance at December 31, 2020	$	(2,197)	(272)	(265)	(79)	(2,813)
Other comprehensive loss before reclassifications	197		94	(135)	(1)	155
Amounts reclassified from accumulated other comprehensive loss	423		14	—	63	500
Net current-period other comprehensive income (loss)	620		108	(135)	62	655
Balance at December 31, 2021	$	(1,577)	(164)	(400)	(17)	(2,158)

Schedule of reclassifications out of accumulated other comprehensive loss by component

The amount of realized losses reclassified from accumulated other comprehensive loss to the statement of operations consists of the following (in millions):

Derivatives designated as hedging instruments	2022		2021	2020
Cash flow hedging contracts
Years Ended December 31,	$	22	83	62

The table below presents further information about our reclassifications out of accumulated other comprehensive loss by component for the year ended December 31, 2022:

Year Ended December 31, 2022	Decrease (Increase) in Net Income		Affected Line Item in Consolidated Statement of Operations
	(Dollars in millions)
Interest rate swaps	$	22	Interest expense
Income tax benefit	(5)		Income tax expense
Net of tax	$	17
Amortization of pension & post-retirement plans (1)
Net actuarial loss	$	121	Other income (expense), net
Prior service cost	(2)		Other income (expense), net
Reclassification of net actuarial loss and prior service credit to gain on the sale of business	539		Gain on sale of businesses
Total before tax	658
Income tax benefit	(165)		Income tax expense
Net of tax	$	493
Reclassification of realized loss on foreign currency translation to gain on the sale of business	$	112	Gain on sale of businesses
Income tax benefit	—		Income tax expense
Net of tax	$	112

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(1)See Note 11—Employee Benefits for additional information on our net periodic benefit (expense) income related to our pension and post-retirement plans.

The table below presents further information about our reclassifications out of accumulated other comprehensive loss by component for the year ended December 31, 2021:

Year Ended December 31, 2021	(Decrease) Increase in Net Loss		Affected Line Item in Consolidated Statement of Operations
	(Dollars in millions)
Interest rate swap	$	83	Interest expense
Income tax benefit	(20)		Income tax expense
Net of tax	$	63
Amortization of pension & post-retirement plans (1)
Net actuarial loss	$	190	Other income (expense), net
Settlement charge	383		Other income (expense), net
Prior service cost	6		Other income (expense), net
Total before tax	579
Income tax benefit	(142)		Income tax expense
Net of tax	$	437

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(1)See Note 11—Employee Benefits for additional information on our net periodic benefit (expense) income related to our pension and post-retirement plans.