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

9 Months Ended

Sep. 30, 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):

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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 income before reclassifications, gross

听

)

听

)

听

)

听

)

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

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

听

鈥�

听

鈥�

听

Tax impact

听

鈥�

听

)

听

鈥�

听

)

听

鈥�

听

)

Net current-period other comprehensive income

听

)

听

Ending balance, September 30, 2024

听

(613

)

听

(636

)

听

(1,248

)

听

(1,224

)

听

(1)	Amounts are net of tax of $55 million and听$56 million as of听 September 30, 2024 and January听1, 2024, respectively.

鈥�

(2)	Amounts are net of tax of $66听million and $67 million as of听 September 30, 2024 and January听1, 2024, respectively.

鈥�

(3)	See tables below for details about pension and other postretirement benefits 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 loss before reclassifications, gross

听

(65

)

听

(24

)

听

)

听

(98

)

听

(93

)

Tax impact

听

)

听

鈥�

听

鈥�

听

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

听

鈥�

听

111

听

鈥�

听

111

听

Tax impact

听

)

听

鈥�

听

鈥�

听

Net current-period other comprehensive (loss) income

听

(39

)

听

)

听

Ending balance, September 30, 2023

听

(687

)

听

(566

)

听

)

听

(1,255

)

听

(1,225

)

听

(1)	Amounts are net of tax of $57听million and $55 million as of September 30, 2023 and January 1, 2023, respectively.

鈥�

(2)	Amounts are net of tax of $58听million and $31听million as of September 30, 2023 and January听1, 2023, respectively.

鈥�

(3)	See tables below for details about pension and other postretirement benefits reclassifications.

鈥�

听	听	*Three months ended September 30,*						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⁾⁽²⁾:	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	$	(3	)	听	$	(5	)	⁽³⁾⁽⁴⁾	Other income (expense), net
Actuarial loss	听	听	9	听	听	听	17	听	⁽³⁾⁽⁴⁾	Other income (expense), net
听	听	听	6	听	听	听	12	听	听	Total before tax
听	听	听	鈥�	听	听	听	鈥�	听	听	Income tax expense
Total reclassifications for the period	听	$	6	听	听	$	12	听	听	Net of tax

听

听	听	*Nine Months Ended September 30,*						听	听	听	听
听	听	*2024*		听	听	*2023*		听	听	听	听
听	听	*Amounts reclassified*		听	听	*Amounts reclassified*		听	听	听	*Affected line item in*
听	听	*from accumulated*		听	听	*from accumulated*		听	听	听	*the statement*
Details about accumulated other	听	*other*		听	听	*other*		听	听	听	*where net income*
comprehensive loss components⁽¹⁾⁽²⁾:	听	*comprehensive loss*		听	听	*comprehensive loss*		听	听	听	*is presented*
Amortization of pension and other postretirement benefits:	听	听	听	听	听	听	听	听	听	听	听
Prior service credit	听	$	(6	)	听	$	(8	)	听	⁽³⁾⁽⁴⁾	Other income (expense), net
Actuarial loss	听	听	25	听	听	听	25	听	听	⁽³⁾⁽⁴⁾	Other income (expense), net
Curtailment gains	听	听	鈥�	听	听	听	(1	)	听	⁽⁵⁾	Other income (expense), net
Settlement losses	听	听	鈥�	听	听	听	67	听	听	⁽⁵⁾	Other income (expense), net
听	听	听	19	听	听	听	83	听	听	听	Total before tax
听	听	听	(1	)	听	听	25	听	听	听	Income tax expense
Total reclassifications for the period	听	$	18	听	听	$	108	听	听	听	Net of tax

听

(1)	Details of amounts reclassified from accumulated other comprehensive loss relate only to pension and other postretirement benefits.

听

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

鈥�

(3)	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�

(4)	Amounts include approximately听nil听of actuarial losses and prior service credits related to discontinued operations for both of the three months ended September 30, 2024 and 2023. Amounts include approximately nil听and $1 million for the nine听months ended September 30, 2024 and 2023, respectively.
听	听
(5)	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 nine听months ended听 September 30, 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 income before reclassifications, gross

听

)

听

)

听

)

听

)

Tax impact

听

鈥�

听

鈥�

听

鈥�

听

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

听

鈥�

听

鈥�

听

Tax impact

听

鈥�

听

)

听

鈥�

听

)

听

鈥�

听

)

Net current-period other comprehensive income

听

)

听

Ending balance, September 30, 2024

听

(618

)

听

(612

)

听

)

听

(1,233

)

听

(1,209

)

听

(1)	Amounts are net of tax of $42 million and $43 million as of听 September 30, 2024 and January听1, 2024, respectively.

听

(2)	Amounts are net of tax of $90听million and $91听million as of听 September 30, 2024 and January听1, 2024, respectively.

鈥�

(3)	See tables below for details about pension and other postretirement benefits 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 loss before reclassifications, gross

听

(65

)

听

(24

)

听

)

听

(98

)

听

(93

)

Tax impact

听

)

听

鈥�

听

鈥�

听

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

听

鈥�

听

111

听

鈥�

听

111

听

Tax impact

听

)

听

鈥�

听

鈥�

听

Net current-period other comprehensive (loss) income

听

(39

)

听

)

听

Ending balance, September 30, 2023

听

(692

)

听

(542

)

听

)

听

(1,240

)

听

(1,210

)

听

(1)	Amounts are net of tax of $44听million and $42听million for September 30, 2023 and January听1, 2023, respectively.

鈥�

(2)	Amounts are net of tax of $82听million and $55听million as of September 30, 2023 and January听1, 2023, respectively.

鈥�

(3)	See tables below for details about pension and other postretirement benefits reclassifications.

听

听	听	*Three months ended September 30,*						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⁾⁽²⁾:	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	$	(3	)	听	$	(5	)	⁽³⁾⁽⁴⁾	Other income (expense), net
Actuarial loss	听	听	9	听	听	听	17	听	⁽³⁾⁽⁴⁾	Other income (expense), net
听	听	听	6	听	听	听	12	听	听	Total before tax
听	听	听	鈥�	听	听	听	鈥�	听	听	Income tax expense
Total reclassifications for the period	听	$	6	听	听	$	12	听	听	Net of tax

鈥�

听	听	*Nine Months Ended September 30,*						听	听	听	听
听	听	*2024*		听	听	*2023*		听	听	听	听
听	听	*Amounts reclassified*		听	听	*Amounts reclassified*		听	听	听	*Affected line item in*
听	听	*from accumulated*		听	听	*from accumulated*		听	听	听	*the statement*
Details about accumulated other	听	*other*		听	听	*other*		听	听	听	*where net income*
comprehensive loss components⁽¹⁾⁽²⁾:	听	*comprehensive loss*		听	听	*comprehensive loss*		听	听	听	*is presented*
Amortization of pension and other postretirement benefits:	听	听	听	听	听	听	听	听	听	听	听
Prior service credit	听	$	(6	)	听	$	(8	)	听	⁽³⁾⁽⁴⁾	Other income (expense), net
Actuarial loss	听	听	25	听	听	听	25	听	听	⁽³⁾⁽⁴⁾	Other income (expense), net
Curtailment gains	听	听	鈥�	听	听	听	(1	)	听	⁽⁵⁾	Other income (expense), net
Settlement losses	听	听	鈥�	听	听	听	67	听	听	⁽⁵⁾	Other income (expense), net
听	听	听	19	听	听	听	83	听	听	听	Total before tax
听	听	听	(1	)	听	听	25	听	听	听	Income tax expense
Total reclassifications for the period	听	$	18	听	听	$	108	听	听	听	Net of tax

听

(1)	Details of amounts reclassified from accumulated other comprehensive loss relate only to pension and other postretirement benefits.

听

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

鈥�

(3)	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�

(4)	Amounts include approximately nil听of actuarial losses and prior service credits related to discontinued operations for both of the three months ended September 30, 2024 and 2023. Amounts include approximately nil and $1 million for the nine听months ended September 30, 2024 and 2023, respectively.
听	听
(5)	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 nine听months September 30, 2023.

听