Note 25 - Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE 25: OTHER COMPREHENSIVE INCOME (LOSS)

The changes in Other comprehensive income (loss) by component, were as follows:

		Year Ended December 31,
(in millions)		2022			2021			2020
Currency translation adjustments
Currency translation adjustments		$	(12	)	$	6		$	(16	)
Pension and other postretirement benefit plan changes
Newly established net actuarial gain (loss)			277			632			(34	)
Newly established prior service cost			(28	)		—			—
Tax benefit			—			—			—
Newly established net actuarial loss, net of tax			249			632			(34	)
Reclassification adjustments:
Amortization of prior service credit	(a)		(4	)		(7	)		(7	)
Amortization of actuarial losses	(a)		8			37			19
Recognition of gains (losses) due to settlements and curtailments	(a)		—			(1	)		9
Total reclassification adjustments			4			29			21
Tax provision			—			—			—
Reclassification adjustments, net of tax			4			29			21
Pension and other postretirement benefit plan changes, net of tax			253			661			(13	)
Other comprehensive loss		$	241		$	667		$	(29	)

^(a) Reclassified to Pension income - refer to Note 20, "Retirement Plans" and Note 21, "Other Postretirement Benefits" for additional information.