Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2021

Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss), Net Of Tax

	Pension		OPEB
($ in millions)	Costs		Costs		Total
Balance at January 1, 2021 (Predecessor) (1)	$	(699)	$	(56)	$	(755)
Other comprehensive income (loss)
before reclassifications		270		74		344
Amounts reclassified from accumulated other
comprehensive loss to net loss		19		(4)		15
Net current-period other comprehensive
income (loss)		289		70		359
Cancellation of Predecessor equity		410		(14)		396
Balance at April 30, 2021 (Predecessor) (1)	$	-	$	-	$	-
Balance at April 30, 2021 (Successor) (1)	$	-	$	-	$	-
Other comprehensive income (loss)
before reclassifications		-		46		46
Amounts reclassified from accumulated other
comprehensive loss to net loss		-		(2)		(2)
Net current-period other comprehensive
income		-		44		44
Balance at September 30, 2021 (Successor) (1)	$	-	$	44	$	44
	Pension		OPEB
($ in millions)	Costs		Costs		Total
Balance at January 1, 2020 (Predecessor) (1)	$	(684)	$	34	$	(650)
Other comprehensive income (loss)
before reclassifications		(389)		(16)		(405)
Amounts reclassified from accumulated other
comprehensive loss to net loss		233		(10)		223
Net current-period other comprehensive
loss		(156)		(26)		(182)
Balance at September 30, 2020 (Predecessor) (1)	$	(840)	$	8	$	(832)

⁽¹⁾Pension and OPEB amounts are net of tax of $234 million and $204 million as of January 1, 2021 and 2020, respectively and $12 million and $255 million as of September 30, 2021 and 2020, respectively.

Reclassification Out Of AOCI

	Amount Reclassified from
	Accumulated Other
	Comprehensive Loss (1)
	Successor		Predecessor
	For the three months		For the three months			Affected Line Item in the
	ended September 30,		ended September 30,			Statement Where Net
($ in millions)	2021		2020			Income (Loss) is presented
Amortization of Pension
Cost Items:
Actuarial losses	$	-	$	(29)
		-		(29)		Loss before income taxes
Tax impact		-		4		Income tax benefit
	$	-	$	(25)		Net income (loss)
Amortization of OPEB
Cost Items:
Prior-service costs	$	2	$	8
Actuarial losses		-		(1)
		2		7		Income before income taxes
Tax impact		(1)		(2)		Income tax benefit
	$	1	$	5		Net income (loss)
	Amount Reclassified from
	Accumulated Other
	Comprehensive Loss (1)
	Successor		Predecessor
	For the five months		For the four months		For the nine months		Affected Line Item in the
	ended September 30,		ended April 30,		ended September 30,		Statement Where Net
($ in millions)	2021		2021		2020		Income (Loss) is presented
Amortization of Pension
Cost Items
Actuarial losses	$	-	$	(24)	$	(76)
One-time loss on disposal		-		-		(61)
Pension settlement costs		-		-		(159)
		-		(24)		(296)	Income (Loss) before income taxes
Tax impact		-		5		63	Income tax benefit
	$	-	$	(19)	$	(233)	Net income (loss)
Amortization of OPEB
Cost Items
Prior-service costs	$	3	$	10	$	24
Actuarial losses		-		(5)		(4)
One-time loss on disposal		-		-		(7)
		3		5		13	Income (Loss) before income taxes
Tax impact		(1)		(1)		(3)	Income tax benefit
	$	2	$	4	$	10	Net income (loss)

⁽¹⁾ These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs (See Note 18 - Retirement Plans for additional details).