Accumulated Comprehensive Loss

6 Months Ended

Jun. 30, 2023

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Comprehensive Loss

ACCUMULATED COMPREHENSIVE LOSS

Accumulated comprehensive loss is provided in the following table for the three months ended June 30, 2023, and 2022 (dollar amounts in millions):

	Pension		Translation Adjustments		Other		Total
Balance at March 31, 2023	$	—	$	(79)	$	—	$	(80)
Reclassified to income statement, net of taxes1	—		—		—		—
Translation adjustments	—		1		—		1
Balance at June 30, 2023	$	—	$	(78)	$	—	$	(78)

	Pension		Translation Adjustments		Other		Total
Balance at March 31, 2022	$	(75)	$	(73)	$	(1)	$	(149)
Reclassified to income statement, net of taxes1	1		—		—		1
Translation adjustments	—		(32)		—		(32)
Balance at June 30, 2022	$	(74)	$	(105)	$	(1)	$	(181)

1 Amounts of actuarial loss and prior service cost are components of net periodic benefit cost. See “Note 14 - Defined Benefit Pension Plans” above for additional details.

Accumulated comprehensive loss is provided in the following table for the six months ended June 30, 2023 and 2022 (dollar amounts in millions):

	Pension		Translation Adjustments		Other		Total
Balance at December 31, 2022	$	(5)	$	(94)	$	—	$	(99)
Reclassified to income statement, net of taxes1	4		—		—		4
Translation adjustments	—		16		—		16
Balance at June 30, 2023	$	—	$	(78)	$	—	$	(78)

	Pension		Translation Adjustments		Other		Total
Balance at December 31, 2021	$	(76)	$	(96)	$	(1)	$	(174)
Reclassified to income statement, net of taxes1	2		—		—		2
Translation adjustments	—		(9)		—		(9)
Balance at June 30, 2022	$	(74)	$	(105)	$	(1)	$	(181)

1 Amounts of actuarial loss and prior service cost are components of net periodic benefit cost.