Funding of customer receivables sold

  
I. Accumulated Other Comprehensive LossThe following table details the activity of the three components that comprise Accumulated other comprehensive loss:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | First quarter ended |  |  |
|  | March 31, |  |  |
|  | 2022 |  | 2021 |  |  |  |  |
| Pension and other postretirement benefits ([E](#ib58fce0f7c97431fb8cb1c861d028b02_58)) |  |  |  |  |  |  |  |
| Balance at beginning of period | $ | (799) |  |  | $ | (980) |  |  |  |  |  |
| Other comprehensive income: |  |  |  |  |  |  |  |
| Unrecognized net actuarial gain and prior service cost/benefit | 1  |  |  | 37  |  |  |  |  |  |
| Tax expense | —  |  |  | (8) |  |  |  |  |  |
| Total Other comprehensive income before reclassifications, net of tax | 1  |  |  | 29  |  |  |  |  |  |
| Amortization of net actuarial loss and prior service cost(1) | 12  |  |  | 16  |  |  |  |  |  |
| Tax expense(2) | (3) |  |  | (3) |  |  |  |  |  |
| Total amount reclassified from Accumulated other comprehensive loss, net of tax(3) | 9  |  |  | 13  |  |  |  |  |  |
| Total Other comprehensive income | 10  |  |  | 42  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
| Balance at end of period | $ | (789) |  |  | $ | (938) |  |  |  |  |  |
| Foreign currency translation |  |  |  |  |  |  |  |
| Balance at beginning of period | $ | (1,062) |  |  | $ | (966) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
| Other comprehensive loss | (31) |  |  | (44) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
| Balance at end of period | $ | (1,093) |  |  | $ | (1,010) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
| Cash flow hedges |  |  |  |  |  |  |  |
| Balance at beginning of period | $ | (2) |  |  | $ | 3  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
| Other comprehensive income (loss): |  |  |  |  |  |  |  |
| Net change from periodic revaluations | 25  |  |  | 8  |  |  |  |  |  |
| Tax expense | (6) |  |  | (2) |  |  |  |  |  |
| Total Other comprehensive income before reclassifications, net of tax | 19  |  |  | 6  |  |  |  |  |  |
| Net amount reclassified to earnings | 1  |  |  | (3) |  |  |  |  |  |
| Tax benefit(2) | —  |  |  | 1  |  |  |  |  |  |
| Total amount reclassified from Accumulated other comprehensive income (loss), net of tax(3) | 1  |  |  | (2) |  |  |  |  |  |
| Total Other comprehensive income | 20  |  |  | 4  |  |  |  |  |  |
| Balance at end of period | $ | 18  |  |  | $ | 7  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
| Accumulated other comprehensive loss | $ | (1,864) |  |  | $ | (1,941) |  |  |  |  |  |

  
(1)These amounts were recorded in Other expense, net (see [Note F](#ib58fce0f7c97431fb8cb1c861d028b02_55)) and Restructuring and other charges (see [Note D](#ib58fce0f7c97431fb8cb1c861d028b02_52)) in the Statement of Consolidated Operations.(2)These amounts were included in Provision for income taxes (see [Note G](#ib58fce0f7c97431fb8cb1c861d028b02_61)) in the Statement of Consolidated Operations.(3)A positive amount indicates a corresponding charge to earnings and a negative amount indicates a corresponding benefit to earnings.J. ReceivablesSale of Receivables ProgramsThe Company has historically maintained two accounts receivables securitization arrangements. The net cash funding from the sale of accounts receivable was neither a use of cash nor a source of cash for the first quarter of 2022 or 2021. The first was an arrangement with financial institutions to sell certain customer receivables without recourse on a revolving basis (the “Receivables Sale Program”) and was terminated on August 30, 2021. This arrangement historically provided up to a maximum funding of $300 for receivables sold. Cash receipts from customer payments on sold receivables (which were cash receipts on the underlying trade receivables that had been previously sold) as well as cash receipts and cash disbursements from 14
