Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of 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, 2023 and 2022 were as follows:

	2023				2022
	Pretax		Net of Tax		Pretax		Net of Tax
Cumulative translation adjustments	$	(46)	$	(76)	$	(93)	$	(145)
Retirement plans and other retiree benefits:
Net actuarial gain (loss) and prior service costs arising during the period	40		27		379		291
Amortization of net actuarial loss, transition and prior service costs (1)	7		5		9		7
Retirement plans and other retiree benefit adjustments	47		32		388		298
Cash flow hedges:
Unrealized gains (losses) on cash flow hedges	3		2		(28)		(23)
Reclassification of (gains) losses into net earnings on cash flow hedges (2)	4		3		(4)		(3)
Gains (losses) on cash flow hedges	7		5		(32)		(26)
Total Other comprehensive income (loss)	$	8	$	(39)	$	263	$	127

(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.

Additions to and reclassifications out of Accumulated other comprehensive income (loss) attributable to the Company for the nine months ended September 30, 2023 and 2022 were as follows:

	2023				2022
	Pretax		Net of Tax		Pretax		Net of Tax
Cumulative translation adjustments	$	60	$	35	$	(67)	$	(195)
Retirement plans and other retiree benefits:
Net actuarial gain (loss) and prior service costs arising during the period	40		27		379		291
Amortization of net actuarial loss, transition and prior service costs (1)	23		18		46		36
Retirement plans and other retiree benefit adjustments	63		45		425		327
Cash flow hedges:
Unrealized gains (losses) on cash flow hedges	3		2		113		88
Reclassification of (gains) losses into net earnings on cash flow hedges (2)	(2)		(1)		(15)		(13)
Gains (losses) on cash flow hedges	1		1		98		75
Total Other comprehensive income (loss)	$	124	$	81	$	456	$	207

(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.