Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2022

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Loss (AOCL)


($ in millions)	Foreign Currency Translation Adjustments (1)	Pension and Other Postretirement Benefit Adjustments, net of tax (2)	Unrealized Gain on Derivatives, net of tax	Accumulated Other Comprehensive Loss
January 1, 2021	($1,663)	($937)	$1	($2,599)
Current year deferrals to AOCL	(126)	(7)	—	(133)
Reclassifications from AOCL to net income	—	2	—	2
March 31, 2021	($1,789)	($942)	$1	($2,730)

January 1, 2022	($1,988)	($763)	$1	($2,750)
Current year deferrals to AOCL	30	(11)	—	19
Reclassifications from AOCL to net income	10	7	—	17
March 31, 2022	($1,948)	($767)	$1	($2,714)

(1)The tax cost related to unrealized foreign currency translation adjustments on tax inter-branch transactions and net investment hedges as of March 31, 2022 and 2021 was $11 million and $30 million, respectively.

(2)The tax cost related to the adjustment for pension and other postretirement benefits as of March 31, 2022 and 2021 was $2 million and $1 million, respectively. Reclassifications from AOCL are included in the computation of net periodic benefit costs (See Note 10, "Pensions and Other Postretirement Benefits").