23. OTHER COMPREHENSIVE INCOME ITEMS The after-tax components of accumulated other comprehensive income (loss) follow: | | | | | | | | | | | | | | 2023 | | | 2022 | | | 2021 | | Retirement benefits adjustment | | $ | (845) | | $ | (389) | | $ | (1,034) | | Cumulative translation adjustment | | | (2,151) | | | (2,594) | | | (1,478) | | Unrealized gain (loss) on derivatives | | | (8) | | | 21 | | | (42) | | Unrealized gain (loss) on debt securities | | | (110) | | | (94) | | | 15 | | Total accumulated other comprehensive income (loss) | | $ | (3,114) | | $ | (3,056) | | $ | (2,539) | |
The following tables reflect amounts recorded in other comprehensive income (loss), as well as reclassifications out of other comprehensive income (loss). | | | | | | | | | | | | | Before | | Tax | | After | | | | Tax | | (Expense) | | Tax | | | | Amount | | Credit | | Amount | | 2023 | | | | | | | | | | | Cumulative translation adjustment | | | | | | | | | | | Unrealized translation gain (loss) | | $ | 424 | | $ | (2) | | $ | 422 | | Reclassification of realized (gain) loss to: | | | | | | | | | | | SA&G expenses | | | 10 | | | | | | 10 | | Other operating expenses | | | 11 | | | | | | 11 | | Net unrealized translation gain (loss) | | | 445 | | | (2) | | | 443 | | Unrealized gain (loss) on derivatives: | | | | | | | | | | | Unrealized hedging gain (loss) | | | 25 | | | (5) | | | 20 | | Reclassification of realized (gain) loss to: | | | | | | | | | | | Interest rate contracts – Interest expense | | | (62) | | | 13 | | | (49) | | Net unrealized gain (loss) on derivatives | | | (37) | | | 8 | | | (29) | | Unrealized gain (loss) on debt securities: | | | | | | | | | | | Unrealized holding gain (loss) | | | (20) | | | 4 | | | (16) | | Net unrealized gain (loss) on debt securities | | | (20) | | | 4 | | | (16) | | Retirement benefits adjustment: | | | | | | | | | | | Net actuarial gain (loss) | | | (589) | | | 139 | | | (450) | | Reclassification to Other operating expenses through amortization of: | | | | | | | | | | | Actuarial (gain) loss | | | (81) | | | 20 | | | (61) | | Prior service (credit) cost | | | 37 | | | (9) | | | 28 | | Settlements | | | 37 | | | (10) | | | 27 | | Net unrealized gain (loss) on retirement benefits adjustment | | | (596) | | | 140 | | | (456) | | Total other comprehensive income (loss) | | $ | (208) | | $ | 150 | | $ | (58) | |
| | | | | | | | | | | | | Before | | Tax | | After | | | | Tax | | (Expense) | | Tax | | | | Amount | | Credit | | Amount | | 2022 | | | | | | | | | | | Cumulative translation adjustment | | $ | (1,105) | | $ | (11) | | $ | (1,116) | | Unrealized gain (loss) on derivatives: | | | | | | | | | | | Unrealized hedging gain (loss) | | | 89 | | | (19) | | | 70 | | Reclassification of realized (gain) loss to: | | | | | | | | | | | Interest rate contracts – Interest expense | | | (9) | | | 2 | | | (7) | | Net unrealized gain (loss) on derivatives | | | 80 | | | (17) | | | 63 | | Unrealized gain (loss) on debt securities: | | | | | | | | | | | Unrealized holding gain (loss) | | | (140) | | | 30 | | | (110) | | Reclassification of realized (gain) loss – Other income | | | 1 | | | | | | 1 | | Net unrealized gain (loss) on debt securities | | | (139) | | | 30 | | | (109) | | Retirement benefits adjustment: | | | | | | | | | | | Net actuarial gain (loss) | | | 1,192 | | | (298) | | | 894 | | Prior service credit (cost) | | | (517) | | | 124 | | | (393) | | Reclassification to Other operating expenses through amortization of: | | | | | | | | | | | Actuarial (gain) loss | | | 116 | | | (29) | | | 87 | | Prior service (credit) cost | | | 30 | | | (7) | | | 23 | | Settlements/curtailment | | | 45 | | | (11) | | | 34 | | Net unrealized gain (loss) on retirement benefits adjustment | | | 866 | | | (221) | | | 645 | | Total other comprehensive income (loss) | | $ | (298) | | $ | (219) | | $ | (517) | |
| | | | | | | | | | | | | Before | | Tax | | After | | | | Tax | | (Expense) | | Tax | | | | Amount | | Credit | | Amount | | 2021 | | | | | | | | | | | Cumulative translation adjustment: | | | | | | | | | | | Unrealized translation gain (loss) | | $ | 112 | | | | | $ | 112 | | Reclassification of realized (gain) loss to: | | | | | | | | | | | Equity in (income) loss of unconsolidated affiliates | | | 6 | | | | | | 6 | | Net unrealized translation gain (loss) | | | 118 | | | | | | 118 | | Unrealized gain (loss) on derivatives: | | | | | | | | | | | Unrealized hedging gain (loss) | | | 8 | | $ | (2) | | | 6 | | Reclassification of realized (gain) loss to: | | | | | | | | | | | Interest rate contracts – Interest expense | | | 13 | | | (3) | | | 10 | | Net unrealized gain (loss) on derivatives | | | 21 | | | (5) | | | 16 | | Unrealized gain (loss) on debt securities: | | | | | | | | | | | Unrealized holding gain (loss) | | | (21) | | | 3 | | | (18) | | Net unrealized gain (loss) on debt securities | | | (21) | | | 3 | | | (18) | | Retirement benefits adjustment: | | | | | | | | | | | Net actuarial gain (loss) | | | 3,492 | | | (845) | | | 2,647 | | Reclassification to Other operating expenses through amortization of: | | | | | | | | | | | Actuarial (gain) loss | | | 283 | | | (69) | | | 214 | | Prior service (credit) cost | | | 8 | | | (2) | | | 6 | | Settlements | | | 22 | | | (5) | | | 17 | | Net unrealized gain (loss) on retirement benefits adjustment | | | 3,805 | | | (921) | | | 2,884 | | Total other comprehensive income (loss) | | $ | 3,923 | | $ | (923) | | $ | 3,000 | |
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