Years Ended December 31,

($ in millions)

2022

2021

2020

Gains (losses) on cash flow hedges:

Commodity contracts recorded in net sales

$

59

$

(121)

$

22

Commodity contracts recorded in cost of sales

119

153

(65)

Currency exchange contracts recorded in selling, general and administrative

81

90

(54)

Cross-currency swaps recorded in selling, general and administrative

—

(2)

Interest rate contracts recorded in interest expense

2

(2)

(8)

Total before tax effect

261

120

(107)

Tax benefit (expense) on amounts reclassified into earnings

(56)

(20)

24

Recognized gain (loss), net of tax

$

205

$

100

$

(83)

Amortization of pension and other postretirement benefits: (a)

Actuarial gains (losses)

$

(28)

$

(47)

$

(39)

Prior service income (expense)

(2)

Effect of settlement losses and other one-time charges

(10)

(135)

(120)

Total before tax effect

(40)

(184)

(161)

Tax benefit (expense) on amounts reclassified into earnings

10

45

40

Recognized gain (loss), net of tax

$

(30)

$

(139)

$

(121)

Currency translation recorded in business consolidation and other activities from the sale of the Russian aluminum beverage packaging business

$

90

$

—

$

—