Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2023

Changes in each component of other comprehensive income (loss) are as follows:


	Three Months Ended June 30,
($ in millions)	Derivatives			Employee Benefit Plans			Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Loss
Balance April 1, 2022, net of taxes	$	207		$	(2,711)		$	(1,865)	$	(4,369)
Other comprehensive income (loss) before reclassification adjustments, pretax	403			168			(365)		206
Tax	(85)			(35)			(22)		(142)
Other comprehensive income (loss) before reclassification adjustments, net of taxes	318			133			(387)		64
Reclassification adjustments, pretax	(171)		(1)	144		(2)	—		(27)
Tax	36			(31)			—		5
Reclassification adjustments, net of taxes	(135)			113			—		(22)
Other comprehensive income (loss), net of taxes	183			246			(387)		42
Balance June 30, 2022, net of taxes	$	390		$	(2,465)		$	(2,252)	$	(4,327)
Balance April 1, 2023, net of taxes	$	(60)		$	(2,458)		$	(2,365)	$	(4,883)
Other comprehensive income (loss) before reclassification adjustments, pretax	194			(6)			(115)		73
Tax	(41)			1			(22)		(62)
Other comprehensive income (loss) before reclassification adjustments, net of taxes	153			(5)			(137)		11
Reclassification adjustments, pretax	(11)		(1)	(23)		(2)	—		(34)
Tax	3			3			—		6
Reclassification adjustments, net of taxes	(8)			(20)			—		(28)
Other comprehensive income (loss), net of taxes	145			(25)			(137)		(17)
Balance June 30, 2023, net of taxes	$	85		$	(2,483)		$	(2,502)	$	(4,900)


	Six Months Ended June 30,
($ in millions)	Derivatives			Employee Benefit Plans			Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Loss
Balance January 1, 2022, net of taxes	$	144		$	(2,743)		$	(1,830)	$	(4,429)
Other comprehensive income (loss) before reclassification adjustments, pretax	551			169			(383)		337
Tax	(116)			(37)			(39)		(192)
Other comprehensive income (loss) before reclassification adjustments, net of taxes	435			132			(422)		145
Reclassification adjustments, pretax	(239)		(1)	189		(2)	—		(50)
Tax	50			(43)			—		7
Reclassification adjustments, net of taxes	(189)			146			—		(43)
Other comprehensive income (loss), net of taxes	246			278			(422)		102
Balance June 30, 2022, net of taxes	$	390		$	(2,465)		$	(2,252)	$	(4,327)
Balance January 1, 2023, net of taxes	$	73		$	(2,408)		$	(2,433)	$	(4,768)
Other comprehensive income (loss) before reclassification adjustments, pretax	128			(53)			(36)		39
Tax	(27)			3			(42)		(66)
Other comprehensive income (loss) before reclassification adjustments, net of taxes	101			(50)			(78)		(27)
Reclassification adjustments, pretax	(113)		(1)	(30)		(2)	9		(134)
Tax	24			5			—		29
Reclassification adjustments, net of taxes	(89)			(25)			9		(105)
Other comprehensive income (loss), net of taxes	12			(75)			(69)		(132)
Balance June 30, 2023, net of taxes	$	85		$	(2,483)		$	(2,502)	$	(4,900)

(1) Primarily relates to foreign currency cash flow hedges that were reclassified from AOCL to Sales.

(2) Includes net amortization of prior service cost, actuarial gains and losses, settlements and curtailments included in net periodic benefit cost (see Note 11)