Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2022

Additions to and reclassifications out of Accumulated other comprehensive income (loss) attributable to the Company for the three months ended June 30, 2022 and 2021 were as follows:


	2022				2021
	Pretax		Net of Tax		Pretax		Net of Tax
Cumulative translation adjustments	$	(70)	$	(132)	$	71	$	106
Retirement plans and other retiree benefits:
Net actuarial gain (loss) and prior service costs arising during the period	—		—		(3)		(1)
Amortization of net actuarial loss, transition and prior service costs (1)	19		13		20		17
Retirement plans and other retiree benefits adjustments	19		13		17		16
Cash flow hedges:
Unrealized gains (losses) on cash flow hedges	83		66		(49)		(38)
Reclassification of (gains) losses into net earnings on cash flow hedges (2)	(6)		(5)		4		3
Gains (losses) on cash flow hedges	77		61		(45)		(35)
Total Other comprehensive income (loss)	$	26	$	(58)	$	43	$	87

(1) These components of Other comprehensive income (loss) are included in the computation of total pension cost. See Note 8, Retirement Plans and Other Retiree Benefits for additional details.

(2) These (gains) losses are reclassified into Cost of sales. See Note 11, Fair Value Measurements and Financial Instruments for additional details.

There were no tax impacts on Other comprehensive income (loss) (“OCI”) attributable to Noncontrolling interests.

Additions to and reclassifications out of Accumulated other comprehensive income (loss) attributable to the Company for the six months ended June 30, 2022 and 2021 were as follows:


	2022				2021
	Pretax		Net of Tax		Pretax		Net of Tax
Cumulative translation adjustments	$	26	$	(50)	$	(28)	$	(49)
Retirement plans and other retiree benefits:
Net actuarial gain (loss) and prior service costs arising during the period	—		—		(22)		(15)
Amortization of net actuarial loss, transition and prior service costs (1)	37		28		42		33
Retirement plans and other retiree benefits adjustments	37		28		20		18
Cash flow hedges:
Unrealized gains (losses) on cash flow hedges	141		111		4		3
Reclassification of (gains) losses into net earnings on cash flow hedges (2)	(11)		(9)		7		5
Gains (losses) on cash flow hedges	130		102		11		8
Total Other comprehensive income (loss)	$	193	$	80	$	3	$	(23)

(1) These components of Other comprehensive income (loss) are included in the computation of total pension cost. See Note 8, Retirement Plans and Other Retiree Benefits for additional details.

(2) These (gains) losses are reclassified into Cost of sales. See Note 11, Fair Value Measurements and Financial Instruments for additional details.

There were no tax impacts on OCI attributable to Noncontrolling interests.