| | | | | | | | | | ($ in millions) | | | | | | | | | | | | Before Tax | | Tax (Expense)/ | | Net of Tax | For the year ended December 31, 2020: | | Amount | | Benefit | | Amount | Other comprehensive income/(loss) | | | | | | | | | | Foreign currency translation adjustments | | $ | (1,500) | | $ | 535 | | $ | (965) | Net changes related to available-for-sale securities | | | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (1) | | $ | 0 | | $ | 0 | Reclassification of (gains)/losses to other (income) and expense | | | — | | | — | | | — | Total net changes related to available-for-sale securities | | $ | (1) | | $ | 0 | | $ | 0 | Unrealized gains/(losses) on cash flow hedges | | | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (349) | | $ | 89 | | $ | (261) | Reclassification of (gains)/losses to: | | | | | | | | | | Cost of services | | | (23) | | | 6 | | | (18) | Cost of sales | | | (2) | | | 1 | | | (2) | Cost of financing | | | 27 | | | (7) | | | 20 | SG&A expense | | | 0 | | | 0 | | | 0 | Other (income) and expense | | | (101) | | | 25 | | | (75) | Interest expense | | | 78 | | | (20) | | | 58 | Total unrealized gains/(losses) on cash flow hedges | | $ | (370) | | $ | 94 | | $ | (277) | Retirement-related benefit plans(1) | | | | | | | | | | Prior service costs/(credits) | | $ | (37) | | $ | 7 | | $ | (29) | Net (losses)/gains arising during the period | | | (1,678) | | | 295 | | | (1,383) | Curtailments and settlements | | | 52 | | | (14) | | | 38 | Amortization of prior service (credits)/costs | | | 13 | | | (1) | | | 12 | Amortization of net (gains)/losses | | | 2,314 | | | (451) | | | 1,863 | Total retirement-related benefit plans | | $ | 664 | | $ | (163) | | $ | 501 | Other comprehensive income/(loss) | | $ | (1,206) | | $ | 466 | | $ | (740) | | | | | | | | | | |
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note V, “Retirement-Related Benefits,” for additional information. | | | | | | | | | | ($ in millions) | | | | | | | | | | | | Before Tax | | Tax (Expense)/ | | Net of Tax | For the year ended December 31, 2019: | | Amount | | Benefit | | Amount | Other comprehensive income/(loss) | | | | | | | | | | Foreign currency translation adjustments | | $ | (39) | | $ | 29 | | $ | (10) | Net changes related to available-for-sale securities | | | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | 1 | | $ | 0 | | $ | 1 | Reclassification of (gains)/losses to other (income) and expense | | | — | | | — | | | — | Total net changes related to available-for-sale securities | | $ | 1 | | $ | 0 | | $ | 1 | Unrealized gains/(losses) on cash flow hedges | | | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (689) | | $ | 167 | | $ | (522) | Reclassification of (gains)/losses to: | | | | | | | | | | Cost of services | | | (68) | | | 17 | | | (50) | Cost of sales | | | (51) | | | 15 | | | (37) | Cost of financing | | | 89 | | | (22) | | | 67 | SG&A expense | | | (53) | | | 14 | | | (39) | Other (income) and expense | | | (39) | | | 10 | | | (29) | Interest expense | | | 197 | | | (50) | | | 148 | Total unrealized gains/(losses) on cash flow hedges | | $ | (614) | | $ | 151 | | $ | (463) | Retirement-related benefit plans(1) | | | | | | | | | | Prior service costs/(credits) | | $ | (73) | | $ | 10 | | $ | (63) | Net (losses)/gains arising during the period | | | (120) | | | 52 | | | (68) | Curtailments and settlements | | | 41 | | | (12) | | | 29 | Amortization of prior service (credits)/costs | | | (9) | | | 5 | | | (4) | Amortization of net (gains)/losses | | | 1,843 | | | (371) | | | 1,471 | Total retirement-related benefit plans | | $ | 1,681 | | $ | (316) | | $ | 1,365 | Other comprehensive income/(loss) | | $ | 1,029 | | $ | (136) | | $ | 893 | | | | | | | | | | |
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note V, “Retirement-Related Benefits,” for additional information. | | | | | | | | | | ($ in millions) | | | | | | | | | | | | Before Tax | | Tax (Expense)/ | | Net of Tax | For the year ended December 31, 2018: | | Amount | | Benefit | | Amount | Other comprehensive income/(loss) | | | | | | | | | | Foreign currency translation adjustments | | $ | (730) | | $ | (172) | | $ | (902) | Net changes related to available-for-sale securities | | | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (2) | | $ | 1 | | $ | (1) | Reclassification of (gains)/losses to other (income) and expense | | | — | | | — | | | — | Total net changes related to available-for-sale securities | | $ | (2) | | $ | 1 | | $ | (1) | Unrealized gains/(losses) on cash flow hedges | | | | | | | | | | Unrealized gains/(losses) arising during the period | | $ | (136) | | $ | 43 | | $ | (93) | Reclassification of (gains)/losses to: | | | | | | | | | | Cost of services | | | (30) | | | 8 | | | (22) | Cost of sales | | | (8) | | | 3 | | | (5) | Cost of financing | | | 75 | | | (19) | | | 56 | SG&A expense | | | 0 | | | 0 | | | 0 | Other (income) and expense | | | 341 | | | (86) | | | 255 | Interest expense | | | 71 | | | (18) | | | 53 | Total unrealized gains/(losses) on cash flow hedges | | $ | 313 | | $ | (69) | | $ | 244 | Retirement-related benefit plans(1) | | | | | | | | | | Prior service costs/(credits) | | $ | (182) | | $ | 31 | | $ | (151) | Net (losses)/gains arising during the period | | | (2,517) | | | 576 | | | (1,941) | Curtailments and settlements | | | 11 | | | (2) | | | 9 | Amortization of prior service (credits)/costs | | | (73) | | | 5 | | | (68) | Amortization of net (gains)/losses | | | 2,966 | | | (632) | | | 2,334 | Total retirement-related benefit plans | | $ | 204 | | $ | (21) | | $ | 184 | Other comprehensive income/(loss) | | $ | (215) | | $ | (262) | | $ | (476) | | | | | | | | | | |
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note V, “Retirement-Related Benefits,” for additional information.
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