乐天堂fun88(中国区)官方网站 Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 24 - Accumulated Other Comprehensive Loss

Note 24 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

听

Comprehensive Income (Loss) Note [Text Block]

24. ACCUMULATED OTHER COMPREHENSIVE LOSS

听

The components of other comprehensive income (loss) and changes in accumulated other comprehensive loss by component were as follows (dollars in millions):听鈥�

听

乐天堂fun88(中国区)官方网站 Corporation

听

Pension and

听

Other

听

Foreign

听

other

听

comprehensive

听

Amounts

听

Amounts

听

currency

听

postretirement

听

income of

听

attributable to

听

attributable to

听

translation

听

benefits

听

unconsolidated

听

noncontrolling

听

乐天堂fun88(中国区)官方网站

听

adjustment⁽¹⁾

听

adjustments⁽²⁾

听

affiliates

听

Other, net

听

Total

听

interests

听

Corporation

听

Beginning balance, January 1, 2023

听

(648

)

听

(652

)

听

(1,293

)

听

(1,268

)

Other comprehensive income (loss) before reclassifications, gross

听

(136

)

听

)

听

)

听

(139

)

听

(136

)

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾

听

鈥�

听

鈥�

听

124

听

鈥�

听

124

听

Tax impact

听

)

听

鈥�

听

鈥�

听

鈥�

听

Net current-period other comprehensive income (loss)

听

)

听

)

听

)

听

Ending balance, December 31, 2023

听

(614

)

听

(656

)

听

)

听

(1,273

)

听

(1,245

)

(1)	Amounts are net of tax of $56听million and $55听million as of December听31, 2023 and January听1, 2023, respectively.

(2)	Amounts are net of tax of $67听million and $31听million as of December听31, 2023 and January听1, 2023, respectively.

(3)	See table below for details about these reclassifications.

听

Pension and

听

Other

听

Foreign

听

other

听

comprehensive

听

Amounts

听

Amounts

听

currency

听

postretirement

听

income of

听

attributable to

听

attributable to

听

translation

听

benefits

听

unconsolidated

听

noncontrolling

听

乐天堂fun88(中国区)官方网站

听

adjustment⁽¹⁾

听

adjustments⁽²⁾

听

affiliates

听

Other, net

听

Total

听

interests

听

Corporation

听

Beginning balance, January 1, 2022

听

(420

)

听

(810

)

听

(1,216

)

听

(1,203

)

Other comprehensive (loss) income before reclassifications, gross

听

(229

)

听

157

听

鈥�

听

)

听

(73

)

听

(61

)

Tax impact

听

(38

)

听

鈥�

听

鈥�

听

(37

)

听

鈥�

听

(37

)

Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾

听

鈥�

听

)

听

鈥�

听

鈥�

听

Tax impact

听

鈥�

听

(12

)

听

鈥�

听

鈥�

听

(12

)

听

鈥�

听

(12

)

Net current-period other comprehensive (loss) income

听

(228

)

听

158

听

)

听

)

听

(77

)

听

(65

)

Ending balance, December 31, 2022

听

(648

)

听

(652

)

听

(1,293

)

听

(1,268

)

(1)	Amounts are net of tax of $55 million and $56 million as of December听31, 2022 and January听1, 2022, respectively.

(2)	Amounts are net of tax of $31 million听and $81听million as of December听31, 2022 and January听1, 2022, respectively.

(3)	See table below for details about these reclassifications.

听

Amounts reclassified

听

from accumulated

听

other

听

comprehensive loss

听

Affected line item in

Details about accumulated other

听

Year ended December 31,

听

where net income

comprehensive loss components⁽¹⁾:

听

2023

听

2022

听

2021

听

is presented

Amortization of pension and other postretirement benefits:

听

Actuarial loss

听

⁽²⁾⁽³⁾

Other income, net

Prior service credit

听

(10

)

听

(11

)

听

(12

)

⁽²⁾⁽³⁾

Other income, net

Settlement loss

听

⁽²⁾⁽⁴⁾

Other income, net

Curtailment gain

听

)

听

鈥�

听

鈥�

听

⁽²⁾⁽⁴⁾

Other income, net

听

Total before tax

听

(12

)

听

(18

)

听

Income tax expense

Total reclassifications for the period

听

119

听

Net of tax

(1)	Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations.

(2)	These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See 鈥淣ote 18. Employee Benefit Plans.鈥�

(3)	Amounts contain approximately $1听million, $11听million and $16听million of prior service credit and actuarial loss related to discontinued operations for the years ended December 31, 2023, 2022 and 2021, respectively.
(4)	In connection with the sale of our Textile Effects Business, we recognized $67 million of pension settlement losses and $1 million of pension curtailment gains for the year ended听 December听31, 2023.

听

乐天堂fun88(中国区)官方网站 International

听

Pension

听

Other

听

Foreign

听

and other

听

comprehensive

听

Amounts

听

Amounts

听

currency

听

postretirement

听

income of

听

attributable to

听

attributable to

听

translation

听

benefits

听

unconsolidated

听

noncontrolling

听

乐天堂fun88(中国区)官方网站

听

adjustment⁽¹⁾

听

adjustments⁽²⁾

听

affiliates

听

Other, net

听

Total

听

interests

听

International

听

Beginning balance, January 1, 2023

听

(653

)

听

(628

)

听

(1,278

)

听

(1,253

)

Other comprehensive income (loss) before reclassifications, gross

听

(136

)

听

)

听

)

听

(139

)

听

(136

)

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾

听

鈥�

听

鈥�

听

124

听

鈥�

听

124

听

Tax impact

听

)

听

鈥�

听

鈥�

听

鈥�

听

Net current-period other comprehensive income (loss)

听

)

听

)

听

)

听

Ending balance, December 31, 2023

听

(619

)

听

(632

)

听

)

听

)

听

(1,258

)

听

(1,230

)

(1)	Amounts are net of tax of $43听million and $42听million as of December听31, 2023 and January听1, 2023, respectively.

(2)	Amounts are net of tax of $91听million and $55 million as of December听31, 2023 and January听1, 2023, respectively.

(3)	See table below for details about these reclassifications.

听

Pension

听

Other

听

Foreign

听

and other

听

comprehensive

听

Amounts

听

Amounts

听

currency

听

postretirement

听

income of

听

attributable to

听

attributable to

听

translation

听

benefits

听

unconsolidated

听

noncontrolling

听

乐天堂fun88(中国区)官方网站

听

adjustment⁽¹⁾

听

adjustments⁽²⁾

听

affiliates

听

Other, net

听

Total

听

interests

听

International

听

Beginning balance, January 1, 2022

听

(424

)

听

(786

)

听

(1,200

)

听

(1,187

)

Other comprehensive (loss) income before reclassifications, gross

听

(230

)

听

157

听

鈥�

听

)

听

(74

)

听

(62

)

Tax impact

听

(38

)

听

鈥�

听

鈥�

听

(37

)

听

鈥�

听

(37

)

Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾

听

鈥�

听

)

听

鈥�

听

鈥�

听

Tax impact

听

鈥�

听

(12

)

听

鈥�

听

鈥�

听

(12

)

听

鈥�

听

(12

)

Net current-period other comprehensive (loss) income

听

(229

)

听

158

听

)

听

)

听

(78

)

听

(66

)

Ending balance, December 31, 2022

听

(653

)

听

(628

)

听

(1,278

)

听

(1,253

)

(1)	Amounts are net of tax of $42 million and $43 million听as of both December听31, 2022 and January听1, 2022, respectively.

(2)	Amounts are net of tax of $55 million and $105 million as of December听31, 2022 and January听1, 2022, respectively.

(3)	See table below for details about these reclassifications.

听

Amounts reclassified

听

from accumulated

听

other

听

comprehensive loss

听

Affected line item in

Details about accumulated other

听

Year ended December 31,

听

where net income

comprehensive loss components(1):

听

2023

听

2022

听

2021

听

is presented

Amortization of pension and other postretirement benefits:

听

Actuarial loss

听

⁽²⁾⁽³⁾

Other income, net

Prior service credit

听

(10

)

听

(11

)

听

(12

)

⁽²⁾⁽³⁾

Other income, net

Settlement loss

听

⁽²⁾⁽⁴⁾

Other income, net

Curtailment gain

听

)

听

鈥�

听

鈥�

听

⁽²⁾⁽⁴⁾

Other income, net

听

Total before tax

听

(12

)

听

(17

)

听

Income tax expense

Total reclassifications for the period

听

119

听

Net of tax

(1)	Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations.

(2)	These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See 鈥淣ote听18. Employee Benefit Plans.鈥�

(3)	Amounts contain approximately $1听million, $11听million and $16听million of prior service credit and actuarial loss related to discontinued operations for the years ended December 31, 2023, 2022 and 2021, respectively.
(4)	In connection with the sale of our Textile Effects Business, we recognized $67 million of pension settlement losses and $1 million of pension curtailment gains for the year ended听 December听31, 2023.

听

Items of other comprehensive income (loss) of our Company and our consolidated affiliates have been recorded net of tax, with the exception of the foreign currency translation adjustments related to subsidiaries with earnings permanently reinvested. The tax effect is determined based upon the jurisdiction where the income or loss was recognized and is net of valuation allowances.