Changes in Accumulated Other Comprehensive Losses

12 Months Ended

Dec. 31, 2023

Changes in Accumulated Other Comprehensive Losses

The change in Accumulated Other Comprehensive Losses (AOCL) presented on the Consolidated Balance Sheet and the impact of significant amounts reclassified from AOCL on information presented in the Consolidated Statement of Income for the year ended December 31, 2023, are reflected in the table below.


	Currency Translation Adjustments		Unrealized Holding Gains (Losses) on Securities		Derivatives		Defined Benefit Plans		Total
Balance at December 31, 2020	$	(107)	$	(10)	$	—	$	(5,495)	$	(5,612)
Components of Other Comprehensive Income (Loss)1:
Before Reclassifications	(55)		(1)		(6)		949		887
Reclassifications2,3	—		—		6		830		836
Net Other Comprehensive Income (Loss)	(55)		(1)		—		1,779		1,723
Balance at December 31, 2021	$	(162)	$	(11)	$	—	$	(3,716)	$	(3,889)
Components of Other Comprehensive Income (Loss)1:
Before Reclassifications	(41)		(1)		68		703		729
Reclassifications2, 3	—		—		(80)		442		362
Net Other Comprehensive Income (Loss)	(41)		(1)		(12)		1,145		1,091

Balance at December 31, 2022	$	(203)	$	(12)	$	(12)	$	(2,571)	$	(2,798)
Components of Other Comprehensive Income (Loss)1:
Before Reclassifications	11		1		(16)		(397)		(401)
Reclassifications2, 3	—		—		33		206		239
Net Other Comprehensive Income (Loss)	11		1		17		(191)		(162)

Balance at December 31, 2023	$	(192)	$	(11)	$	5	$	(2,762)	$	(2,960)

1 All amounts are net of tax.

2 Refer to Note 23 Employee Benefit Plans, for reclassified components, including amortization of actuarial gains or losses, amortization of prior service costs and settlement losses, totaling $231 that are included in employee benefit costs for the year ended December 31, 2023. Related income taxes for the same period, totaling $25, are reflected in Income Tax Expense on the Consolidated Statement of Income. All other reclassified amounts were insignificant.

3 Refer to Note 10 Financial and Derivative Instruments for cash flow hedging.