Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2021


($ in millions)	Foreign Currency Translation Adjustments(1)	Pension and Other Postretirement Benefit Adjustments, net of tax(2)	Unrealized Gain/(Loss) on Derivatives, net of tax	Accumulated Other Comprehensive Loss
January 1, 2019	($1,734)	($568)	$2	($2,300)

Current year deferrals to AOCL	107	(167)	1	(59)
Reclassifications from AOCL to net income	—	11	(2)	9
December 31, 2019	($1,627)	($724)	$1	($2,350)

Current year deferrals to AOCL	(36)	(237)	—	(273)
Reclassifications from AOCL to net income	—	24	—	24
December 31, 2020	($1,663)	($937)	$1	($2,599)

Current year deferrals to AOCL	(325)	132	—	(193)
Reclassifications from AOCL to net income	—	42	—	42
December 31, 2021	($1,988)	($763)	$1	($2,750)

(1)The tax cost/(benefit) related to unrealized foreign currency translation adjustments on tax inter-branch transactions and net investment hedges as of December 31, 2021, 2020 and 2019 was $55 million, $(6) million and $19 million, respectively.

(2)The tax cost/(benefit) related to the adjustment for pension and other postretirement benefits as of December 31, 2021, 2020 and 2019 was $48 million, $(70) million and $(57) million, respectively. Reclassifications from AOCI are included in the computation of net periodic benefit costs (see Note 13, “Employee Benefit Plans").