Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

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

	2022				2021
	Pretax		Net of Tax		Pretax		Net of Tax
Cumulative translation adjustments	$	(93)	$	(145)	$	(83)	$	(114)
Retirement plans and other retiree benefits:
Net actuarial gain (loss) and prior service costs arising during the period	379		291		23		17
Amortization of net actuarial loss, transition and prior service costs (1)	9		7		18		14
Retirement plans and other retiree benefit adjustments	388		298		41		31
Cash flow hedges:
Unrealized gains (losses) on cash flow hedges	(28)		(23)		18		15
Reclassification of (gains) losses into net earnings on cash flow hedges (2)	(4)		(3)		2		2
Gains (losses) on cash flow hedges	(32)		(26)		20		17
Total Other comprehensive income (loss)	$	263	$	127	$	(22)	$	(66)

(1) These components of Other comprehensive income (loss) are included in the computation of total pension cost. See Note 9, Retirement Plans and Other Retiree Benefits for additional details.

(2) These (gains) losses are reclassified into Cost of sales. See Note 12, 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 nine months ended September 30, 2022 and 2021 were as follows:

	2022				2021
	Pretax		Net of Tax		Pretax		Net of Tax
Cumulative translation adjustments	$	(67)	$	(195)	$	(111)	$	(163)
Retirement plans and other retiree benefits:
Net actuarial gain (loss) and prior service costs arising during the period	379		291		—		2
Amortization of net actuarial loss, transition and prior service costs (1)	46		36		61		47
Retirement plans and other retiree benefit adjustments	425		327		61		49
Cash flow hedges:
Unrealized gains (losses) on cash flow hedges	113		88		22		17
Reclassification of (gains) losses into net earnings on cash flow hedges (2)	(15)		(13)		9		8
Gains (losses) on cash flow hedges	98		75		31		25
Total Other comprehensive income (loss)	$	456	$	207	$	(19)	$	(89)

(1) These components of Other comprehensive income (loss) are included in the computation of total pension cost. See Note 9, Retirement Plans and Other Retiree Benefits for additional details.

(2) These (gains) losses are reclassified into Cost of sales. See Note 12, Fair Value Measurements and Financial Instruments for additional details.

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