RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2021

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

RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in accumulated other comprehensive income for the first six months of 2021 were related to the Company’s pension and other postretirement benefits. The following tables detail the components of accumulated other comprehensive income and the related tax effects for the six months ended June 30, 2021:

(in millions)	Pension and Other Postretirement		Foreign Currency		Total
Beginning balance December 31, 2020	$	(24)	$	(14)	$	(38)
Other comprehensive income before reclassifications	—		—		—
Amounts reclassified from other comprehensive income (1)	3		—		3
Net current-period other comprehensive income	3		—		3
Ending balance June 30, 2021	$	(21)	$	(14)	$	(35)

Details about Accumulated Other Comprehensive Income	Affected Line Item in the Consolidated Statement of Operations	Amount Reclassified from Accumulated Other Comprehensive Income
		For the six months ended June 30, 2021
		(in millions)
Pension and other postretirement:
Settlement adjustment (1)	Other Income (Loss), Net	$	4
	Provision (Benefit) for Income Taxes	1
	Net Income	$	3
Total reclassifications for the period	Net Income	$	3

(1) See Note 14 for additional details regarding the Company’s pension and other postretirement benefit plans.