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

Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Accumulated Other Comprehensive Loss

Note 14 - Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

听

Comprehensive Income (Loss) Note [Text Block]

14. ACCUMULATED OTHER COMPREHENSIVE LOSS

鈥�

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

鈥�

乐天堂fun88(中国区)官方网站 Corporation

鈥�

听

Pension

听

Foreign

听

and other

听

Amounts

听

Amounts

听

currency

听

postretirement

听

attributable to

听

attributable to

听

translation

听

benefits

听

noncontrolling

听

乐天堂fun88(中国区)官方网站

听

adjustments⁽¹⁾

听

adjustments⁽²⁾

听

Other, net

听

Total

听

interests

听

Corporation

听

Beginning balance, January 1, 2024

听

(614

)

听

(656

)

听

)

听

(1,273

)

听

(1,245

)

Other comprehensive (loss) income before reclassifications, gross

听

(36

)

听

(29

)

听

)

听

(30

)

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

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

听

鈥�

听

鈥�

听

鈥�

听

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

Net current-period other comprehensive (loss) income

听

(36

)

听

(23

)

听

)

听

(24

)

Ending balance, March 31, 2024

听

(650

)

听

(648

)

听

(1,296

)

听

(1,269

)

听

(1)	Amounts are net of tax of $56听million for both听 March 31, 2024 and January听1, 2024.

鈥�

(2)	Amounts are net of tax of $67听million for both听 March 31, 2024 and January听1, 2024.

鈥�

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

鈥�

听

Pension

听

Foreign

听

and other

听

Amounts

听

Amounts

听

currency

听

postretirement

听

attributable to

听

attributable to

听

translation

听

benefits

听

noncontrolling

听

乐天堂fun88(中国区)官方网站

听

adjustments⁽¹⁾

听

adjustments⁽²⁾

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

(24

)

听

)

听

)

听

鈥�

听

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

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

听

鈥�

听

100

听

鈥�

听

100

听

Tax impact

听

)

听

鈥�

听

鈥�

听

Net current-period other comprehensive income (loss)

听

)

听

127

听

)

听

125

听

Ending balance, March 31, 2023

听

(594

)

听

(578

)

听

(1,166

)

听

(1,143

)

听

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

鈥�

(2)	Amounts are net of tax of $57听million and $31听million as of March 31, 2023 and January听1, 2023, respectively.

鈥�

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

鈥�

听	听	*Three months ended March 31,*						听	听	听
听	听	*2024*		听	听	*2023*		听	听	听
听	听	*Amounts reclassified*		听	听	*Amounts reclassified*		听	听	*Affected line item in*
听	听	*from accumulated*		听	听	*from accumulated*		听	听	*the statement*
Details about accumulated other	听	*other*		听	听	*other*		听	听	*where net income*
comprehensive loss components⁽¹⁾:	听	*comprehensive loss*		听	听	*comprehensive loss*		听	听	*is presented*
Amortization of pension and other postretirement benefits:	听	听	听	听	听	听	听	听	听	听
Prior service credit	听	$	(2	)	听	$	(2	)	⁽²⁾⁽³⁾	Other income, net
Actuarial loss	听	听	8	听	听	听	8	听	⁽²⁾⁽³⁾	Other income, net
Curtailment gains	听	听	鈥�	听	听	听	(1	)	⁽²⁾⁽⁴⁾	Other income, net
Settlement losses	听	听	鈥�	听	听	听	67	听	⁽²⁾⁽⁴⁾	Other income, net
听	听	听	6	听	听	听	72	听	听	Total before tax
听	听	听	鈥�	听	听	听	24	听	听	Income tax expense
Total reclassifications for the period	听	$	6	听	听	$	96	听	听	Net of tax

听

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

鈥�

(2)	These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See 鈥淣ote 12. Employee Benefit Plans.鈥�

鈥�

(3)	Amounts include approximately nil and $1听million of actuarial losses and prior service credits related to discontinued operations for the three听months ended March 31, 2024 and 2023, respectively.
听	听
(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 three听months ended听 March 31, 2023.

听

乐天堂fun88(中国区)官方网站 International

鈥�

听

Pension

听

Foreign

听

and other

听

Amounts

听

Amounts

听

currency

听

postretirement

听

attributable to

听

attributable to

听

translation

听

benefits

听

noncontrolling

听

乐天堂fun88(中国区)官方网站

听

adjustments⁽¹⁾

听

adjustments⁽²⁾

听

Other, net

听

Total

听

interests

听

International

听

Beginning balance, January 1, 2024

听

(619

)

听

(632

)

听

)

听

(1,258

)

听

(1,230

)

Other comprehensive (loss) income before reclassifications, gross

听

(36

)

听

(29

)

听

)

听

(30

)

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

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

听

鈥�

听

鈥�

听

鈥�

听

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

鈥�

听

Net current-period other comprehensive (loss) income

听

(36

)

听

(23

)

听

)

听

(24

)

Ending balance, March 31, 2024

听

(655

)

听

(624

)

听

)

听

(1,281

)

听

(1,254

)

听

(1)	Amounts are net of tax of $43听million for both听 March 31, 2024 and January听1, 2024.

听

(2)	Amounts are net of tax of $91听million for both听 March 31, 2024 and January听1, 2024.

鈥�

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

鈥�

听

Pension

听

Foreign

听

and other

听

Amounts

听

Amounts

听

currency

听

postretirement

听

attributable to

听

attributable to

听

translation

听

benefits

听

noncontrolling

听

乐天堂fun88(中国区)官方网站

听

adjustments⁽¹⁾

听

adjustments⁽²⁾

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

(24

)

听

鈥�

听

)

听

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

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

听

鈥�

听

100

听

鈥�

听

100

听

Tax impact

听

)

听

鈥�

听

鈥�

听

Net current-period other comprehensive (loss) income

听

鈥�

听

128

听

)

听

126

听

Ending balance, March 31, 2023

听

(599

)

听

(554

)

听

(1,150

)

听

(1,127

)

听

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

鈥�

(2)	Amounts are net of tax of $81听million and $55听million as of March 31, 2023 and January听1, 2023, respectively.

鈥�

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

听

听	听	*Three months ended March 31,*						听	听	听
听	听	*2024*		听	听	*2023*		听	听	听
听	听	*Amounts reclassified*		听	听	*Amounts reclassified*		听	听	*Affected line item in*
听	听	*from accumulated*		听	听	*from accumulated*		听	听	*the statement*
Details about accumulated other	听	*other*		听	听	*other*		听	听	*where net income*
comprehensive loss components⁽¹⁾:	听	*comprehensive loss*		听	听	*comprehensive loss*		听	听	*is presented*
Amortization of pension and other postretirement benefits:	听	听	听	听	听	听	听	听	听	听
Prior service credit	听	$	(2	)	听	$	(2	)	⁽²⁾⁽³⁾	Other income, net
Actuarial loss	听	听	8	听	听	听	8	听	⁽²⁾⁽³⁾	Other income, net
Curtailment gains	听	听	鈥�	听	听	听	(1	)	⁽²⁾⁽⁴⁾	Other income, net
Settlement losses	听	听	鈥�	听	听	听	67	听	⁽²⁾⁽⁴⁾	Other income, net
听	听	听	6	听	听	听	72	听	听	Total before tax
听	听	听	鈥�	听	听	听	24	听	听	Income tax expense
Total reclassifications for the period	听	$	6	听	听	$	96	听	听	Net of tax

鈥嬏�

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

鈥�

(2)	These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See 鈥淣ote听12. Employee Benefit Plans.鈥�

鈥�

(3)	Amounts include approximately nil and $1听million of actuarial losses and prior service credits related to discontinued operations for the three听months ended March 31, 2024 and 2023, respectively.
听	听
(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 three听months March 31, 2023.

听