Accumulated Comprehensive Loss

12 Months Ended

Dec. 31, 2023

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

Other Comprehensive Income (Loss), Net of Tax

ACCUMULATED COMPREHENSIVE LOSS

Accumulated comprehensive loss includes cumulative translation adjustments, unrealized gains (losses) on certain financial instruments, and pension and post-retirement adjustments. Other comprehensive income activity, net of tax, is provided in the following table (dollars in millions):

	Pension		Translation Adjustments		Other		Total
Balance at December 31, 2020	$	(81)	$	(68)	$	(2)	$	(151)
Reclassified to income statement, net of taxes1	5		—		—		5
Pension settlement loss, net of taxes	—		—		—		—
Translation adjustments	—		(28)		—		(28)
Balance at December 31, 2021	(76)		(96)		(1)		(174)
Reclassified to income statement, net of taxes1	—		—		1		1
Pension settlement loss, net of taxes	71		—		—		71
Translation adjustments	—		2		—		2
Balance at December 31, 2022	(5)		(94)		—		(99)
Reclassified to income statement, net of taxes1	—		—		—		—
Pension settlement loss, net of taxes	4		—		—		4
Translation adjustments	—		6		—		6
Balance at December 31, 2023	$	—	$	(89)	$	—	$	(89)

1 Amounts of actuarial loss and prior service cost are components of net periodic benefit cost. See "Note 16 - Retirement Plans and Post-Retirement Benefits" above for additional details.

Foreign translation adjustments exclude income tax expense (benefit) given that there are no deferred tax assets or liabilities recorded on outside basis differences on the foreign subsidiaries to which the currency translation losses relates and consequently the translation adjustments will not trigger an incremental U.S. tax effect. The pension amounts reclassified from Accumulated comprehensive loss included an income tax provision of $1 million, $23 million, and $2 million in 2023, 2022, and 2021, respectively.