XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.2
Equity Activity
9 Months Ended
Sep. 30, 2021
Equity Activity  
Equity Activity

14. Equity Activity:

Reclassifications and Taxes Related to Items of Other Comprehensive Income

​

​

​

​

​

​

​

​

​

​

​

(Dollars in millions)

    

Before Tax

    

Tax (Expense)/

    

Net of Tax

For the three months ended September 30, 2021:

​

Amount

​

Benefit

​

Amount

Other comprehensive income/(loss):

 

​

  

 

​

  

 

​

  

Foreign currency translation adjustments

​

$

(114)

​

$

(120)

​

$

(234)

Net changes related to available-for-sale securities:

​

 

  

​

 

  

​

 

  

Unrealized gains/(losses) arising during the period

​

$

0

​

$

0

​

$

0

Reclassification of (gains)/losses to other (income) and expense

​

 

—

​

​

—

​

​

—

Total net changes related to available-for-sale securities

​

$

0

​

$

0

​

$

0

Unrealized gains/(losses) on cash flow hedges:

​

 

  

​

 

  

​

 

  

Unrealized gains/(losses) arising during the period

​

$

109

​

$

(28)

​

$

82

Reclassification of (gains)/losses to:

​

 

  

​

 

  

​

 

  

Cost of services

​

 

(12)

​

 

3

​

 

(9)

Cost of sales

​

 

(1)

​

 

1

​

 

(1)

Cost of financing

​

 

6

​

 

(1)

​

 

4

SG&A expense

​

 

1

​

 

0

​

 

1

Other (income) and expense

​

 

22

​

 

(6)

​

 

17

Interest expense

​

 

16

​

 

(4)

​

 

12

Total unrealized gains/(losses) on cash flow hedges

​

$

141

​

$

(35)

​

$

106

Retirement-related benefit plans (1):

​

 

  

​

 

  

​

 

  

Prior service costs/(credits)

​

$

0

​

$

0

​

$

0

Net (losses)/gains arising during the period

​

​

1

​

​

0

​

​

1

Curtailments and settlements

​

 

13

​

​

(4)

​

​

9

Amortization of prior service (credits)/costs

​

 

3

​

​

0

​

​

3

Amortization of net (gains)/losses

​

 

638

​

​

(174)

​

​

464

Total retirement-related benefit plans

​

$

656

​

$

(178)

​

$

478

Other comprehensive income/(loss)

​

$

683

​

$

(333)

​

$

350

(1)These accumulated other comprehensive income (AOCI) components are included in the computation of net periodic pension cost. Refer to note 17, “Retirement-Related Benefits,” for additional information.

Reclassifications and Taxes Related to Items of Other Comprehensive Income

​

​

​

​

​

​

​

​

​

​

(Dollars in millions)

    

Before Tax

    

Tax (Expense)/

    

Net of Tax

For the three months ended September 30, 2020:

​

Amount

​

Benefit

​

Amount

Other comprehensive income/(loss):

 

​

  

 

​

  

 

​

  

Foreign currency translation adjustments

​

$

(439)

​

$

247

​

$

(192)

Net changes related to available-for-sale securities:

​

 

  

​

 

  

​

 

  

Unrealized gains/(losses) arising during the period

​

$

(1)

​

$

0

​

$

(1)

Reclassification of (gains)/losses to other (income) and expense

​

 

—

​

​

—

​

​

—

Total net changes related to available-for-sale securities

​

$

(1)

​

$

0

​

$

(1)

Unrealized gains/(losses) on cash flow hedges:

​

 

  

​

 

  

​

 

  

Unrealized gains/(losses) arising during the period

​

$

(32)

​

$

8

​

$

(24)

Reclassification of (gains)/losses to:

​

 

​

​

 

​

​

 

​

Cost of services

​

 

(10)

​

 

2

​

 

(7)

Cost of sales

​

 

4

​

 

(1)

​

 

3

Cost of financing

​

 

6

​

 

(2)

​

 

5

SG&A expense

​

 

5

​

 

(1)

​

 

4

Other (income) and expense

​

 

(93)

​

 

23

​

 

(70)

Interest expense

​

 

19

​

 

(5)

​

 

14

Total unrealized gains/(losses) on cash flow hedges

​

$

(101)

​

$

26

​

$

(75)

Retirement-related benefit plans (1):

​

 

  

​

 

  

​

 

  

Prior service costs/(credits)

​

$

(1)

​

$

0

​

$

0

Net (losses)/gains arising during the period

​

​

0

​

​

0

​

​

0

Curtailments and settlements

​

 

21

​

​

(6)

​

​

14

Amortization of prior service (credits)/costs

​

 

0

​

​

1

​

​

1

Amortization of net (gains)/losses

​

 

586

​

​

(161)

​

​

425

Total retirement-related benefit plans

​

$

607

​

$

(167)

​

$

440

Other comprehensive income/(loss)

​

$

66

​

$

106

​

$

172

(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 17, “Retirement-Related Benefits,” for additional information.

Reclassifications and Taxes Related to Items of Other Comprehensive Income

​

​

​

​

​

​

​

​

​

​

​

(Dollars in millions)

    

Before Tax

    

Tax (Expense)/

    

Net of Tax

For the nine months ended September 30, 2021:

​

Amount

​

Benefit

​

Amount

Other comprehensive income/(loss):

 

​

  

 

​

  

 

​

  

Foreign currency translation adjustments

​

$

463

​

$

(304)

​

$

160

Net changes related to available-for-sale securities:

​

 

  

​

 

  

​

 

  

Unrealized gains/(losses) arising during the period

​

$

0

​

$

0

​

$

0

Reclassification of (gains)/losses to other (income) and expense

​

 

—

​

 

—

​

 

—

Total net changes related to available-for-sale securities

​

$

0

​

$

0

​

$

0

Unrealized gains/(losses) on cash flow hedges:

​

 

  

​

 

  

​

 

  

Unrealized gains/(losses) arising during the period

​

$

262

​

$

(66)

​

$

196

Reclassification of (gains)/losses to:

​

 

  

​

 

  

​

 

  

Cost of services

​

 

(33)

​

 

8

​

 

(25)

Cost of sales

​

 

30

​

 

(8)

​

 

23

Cost of financing

​

 

17

​

 

(4)

​

 

13

SG&A expense

​

 

32

​

 

(8)

​

 

24

Other (income) and expense

​

 

187

​

 

(47)

​

 

140

Interest expense

​

 

48

​

 

(12)

​

 

36

Total unrealized gains/(losses) on cash flow hedges

​

$

545

​

$

(138)

​

$

407

Retirement-related benefit plans (1):

​

 

  

​

 

  

​

 

  

Prior service costs/(credits)

​

$

0

​

$

0

​

$

0

Net (losses)/gains arising during the period

​

​

23

​

​

4

​

​

27

Curtailments and settlements

​

 

46

​

 

(14)

​

 

32

Amortization of prior service (credits)/costs

​

 

8

​

 

0

​

 

8

Amortization of net (gains)/losses

​

 

1,929

​

 

(526)

​

 

1,403

Total retirement-related benefit plans

​

$

2,006

​

$

(537)

​

$

1,469

Other comprehensive income/(loss)

​

$

3,014

​

$

(978)

​

$

2,035

(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 17, “Retirement-Related Benefits,” for additional information.

Reclassifications and Taxes Related to Items of Other Comprehensive Income

​

​

​

​

​

​

​

​

​

​

​

(Dollars in millions)

    

Before Tax

    

Tax (Expense)/

    

Net of Tax

For the nine months ended September 30, 2020:

​

Amount

​

Benefit

​

Amount

Other comprehensive income/(loss):

 

​

  

 

​

  

 

​

  

Foreign currency translation adjustments

​

$

(1,354)

​

$

260

​

$

(1,094)

Net changes related to available-for-sale securities:

​

 

  

​

 

​

​

 

  

Unrealized gains/(losses) arising during the period

​

$

0

​

$

0

​

$

0

Reclassification of (gains)/losses to other (income) and expense

​

 

—

​

 

—

​

 

—

Total net changes related to available-for-sale securities

​

$

0

​

$

0

​

$

0

Unrealized gains/(losses) on cash flow hedges:

​

 

  

​

 

  

​

 

  

Unrealized gains/(losses) arising during the period

​

$

(249)

​

$

63

​

$

(186)

Reclassification of (gains)/losses to:

​

 

​

​

 

​

​

 

​

Cost of services

​

 

(18)

​

 

5

​

 

(14)

Cost of sales

​

 

(14)

​

 

4

​

 

(10)

Cost of financing

​

 

21

​

 

(5)

​

 

16

SG&A expense

​

 

(12)

​

 

3

​

 

(9)

Other (income) and expense

​

 

(74)

​

 

19

​

 

(55)

Interest expense

​

 

60

​

 

(15)

​

 

45

Total unrealized gains/(losses) on cash flow hedges

​

$

(285)

​

$

73

​

$

(212)

Retirement-related benefit plans (1):

​

 

  

​

 

  

​

 

  

Prior service costs/(credits)

​

$

(5)

​

$

1

​

$

(3)

Net (losses)/gains arising during the period

​

​

65

​

​

(24)

​

​

41

Curtailments and settlements

​

 

42

​

 

(12)

​

 

30

Amortization of prior service (credits)/costs

​

 

1

​

 

2

​

 

3

Amortization of net (gains)/losses

​

 

1,722

​

 

(473)

​

 

1,249

Total retirement-related benefit plans

​

$

1,826

​

$

(507)

​

$

1,319

Other comprehensive income/(loss)

​

$

187

​

$

(175)

​

$

12

(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 17, “Retirement-Related Benefits,” for additional information.

​

Accumulated Other Comprehensive Income/(Loss) (net of tax)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

    

​

    

    

​

    

Net Change

    

Net Unrealized

    

    

​

​

​

Net Unrealized

​

Foreign

​

Retirement-

​

Gains/(Losses)

​

Accumulated

​

​

Gains/(Losses)

​

Currency

​

Related

​

on Available-

​

Other

​

​

on Cash Flow

​

Translation

​

Benefit

​

For-Sale

​

Comprehensive

(Dollars in millions)

​

Hedges

​

Adjustments*

​

Plans

​

Securities

​

Income/(Loss)

January 1, 2021

​

$

(456)

​

$

(4,665)

​

$

(24,216)

​

$

0

​

$

(29,337)

Other comprehensive income before reclassifications

​

 

196

​

 

160

​

 

26

​

 

0

​

 

382

Amount reclassified from accumulated other comprehensive income

​

 

211

​

 

—

​

 

1,442

​

 

—

​

 

1,654

Total change for the period

​

$

407

​

$

160

​

$

1,469

​

$

0

​

$

2,035

September 30, 2021

​

$

(49)

​

$

(4,505)

​

$

(22,747)

​

$

(1)

​

$

(27,302)

*  Foreign currency translation adjustments are presented gross except for any associated hedges which are presented net of tax.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

    

​

    

    

​

    

Net Change

    

Net Unrealized

    

    

​

​

​

Net Unrealized

​

Foreign

​

Retirement-

​

Gains/(Losses)

​

Accumulated

​

​

Gains/(Losses)

​

Currency

​

Related

​

on Available-

​

Other

​

​

on Cash Flow

​

Translation

​

Benefit

​

For-Sale

​

Comprehensive

(Dollars in millions)

​

Hedges

​

Adjustments*

​

Plans

​

Securities

​

Income/(Loss)

January 1, 2020

​

$

(179)

​

$

(3,700)

​

$

(24,718)

​

$

0

​

$

(28,597)

Other comprehensive income before reclassifications

​

 

(186)

​

 

(1,094)

​

 

37

​

 

0

​

 

(1,242)

Amount reclassified from accumulated other comprehensive income

​

 

(27)

​

 

—

​

 

1,281

​

 

—

​

 

1,255

Total change for the period

​

$

(212)

​

$

(1,094)

​

$

1,319

​

$

0

​

$

12

September 30, 2020

​

$

(391)

​

$

(4,794)

​

$

(23,399)

​

$

0

​

$

(28,584)

* Foreign currency translation adjustments are presented gross except for any associated hedges which are presented net of tax.