Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2023

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

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Income (Loss)

The table below summarizes changes in accumulated other comprehensive income (loss) recorded on our consolidated balance sheets by component for the nine months ended September 30, 2023:

	Pension Plans		Foreign Currency Translation Adjustment and Other	Total
	(Dollars in millions)
Balance at December 31, 2022	$	21	(365)	(344)
Other comprehensive loss, net of tax	—		(2)	(2)
Net other comprehensive loss	—		(2)	(2)
Balance at September 30, 2023	$	21	(367)	(346)

The table below summarizes changes in accumulated other comprehensive income (loss) recorded on our consolidated balance sheets by component for the nine months ended September 30, 2022:

	Pension Plans		Foreign Currency Translation Adjustment and Other	Total
	(Dollars in millions)
Balance at December 31, 2021	$	3	(354)	(351)
Other comprehensive loss, net of tax	—		(229)	(229)
Amounts reclassified from accumulated other comprehensive income (loss)	—		112	112
Net other comprehensive loss	—		(117)	(117)
Balance at September 30, 2022	$	3	(471)	(468)

The tables below present further information about our reclassifications out of accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2022:

Three and Nine Months Ended September 30, 2022	Decrease (Increase) in Net Income		Affected Line Item in Consolidated Statement of Operations
	(Dollars in millions)
Reclassification of realized loss on foreign currency translation to gain on sale of business	$	112	Gain on sale of business
Income tax benefit	—		Income tax expense
Net of tax	$	112