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Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) Changes in each component of other comprehensive income (loss) are as follows:
| Three Months Ended September 30,
($ in millions) | Derivatives |  | Employee Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive Loss
Balance July 1, 2021, net of taxes | $ | (26) |  |  | $ | (3,028) |  |  | $ | (1,574) |  |  | $ | (4,628) |
Other comprehensive income (loss) before reclassification adjustments, pretax | 72 |  |  | (24) |  |  | (96) |  |  | (48) |
Tax | (16) |  |  | 16 |  |  | 12 |  |  | 12 |
Other comprehensive income (loss) before reclassification adjustments, net of taxes | 56 |  |  | (8) |  |  | (84) |  |  | (36) |
Reclassification adjustments, pretax | 36 |  | (1) | 68 |  | (2) | — |  |  | 104 |
Tax | (8) |  |  | (22) |  |  | — |  |  | (30) |
Reclassification adjustments, net of taxes | 28 |  |  | 46 |  |  | — |  |  | 74 |
Other comprehensive income (loss), net of taxes | 84 |  |  | 38 |  |  | (84) |  |  | 38 |
Balance September 30, 2021, net of taxes | $ | 58 |  |  | $ | (2,990) |  |  | $ | (1,658) |  |  | $ | (4,590) |
Balance July 1, 2022, net of taxes | $ | 390 |  |  | $ | (2,465) |  |  | $ | (2,252) |  |  | $ | (4,327) |
Other comprehensive income (loss) before reclassification adjustments, pretax | 682 |  |  | (294) |  |  | (618) |  |  | (230) |
Tax | (143) |  |  | 62 |  |  | 50 |  |  | (31) |
Other comprehensive income (loss) before reclassification adjustments, net of taxes | 539 |  |  | (232) |  |  | (568) |  |  | (261) |
Reclassification adjustments, pretax | (254) |  | (1) | 77 |  | (2) | — |  |  | (177) |
Tax | 53 |  |  | (31) |  |  | — |  |  | 22 |
Reclassification adjustments, net of taxes | (201) |  |  | 46 |  |  | — |  |  | (155) |
Other comprehensive income (loss), net of taxes | 338 |  |  | (186) |  |  | (568) |  |  | (416) |
Balance September 30, 2022, net of taxes | $ | 728 |  |  | $ | (2,651) |  |  | $ | (2,820) |  |  | $ | (4,743) |
| Nine Months Ended September 30,
($ in millions) | Derivatives |  | Employee Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive Loss
Balance January 1, 2021, net of taxes | $ | (266) |  |  | $ | (4,540) |  |  | $ | (1,828) |  |  | $ | (6,634) |
Other comprehensive income (loss) before reclassification adjustments, pretax | 193 |  |  | 1,739 |  |  | (167) |  |  | 1,765 |
Tax | (41) |  |  | (385) |  |  | (84) |  |  | (510) |
Other comprehensive income (loss) before reclassification adjustments, net of taxes | 152 |  |  | 1,354 |  |  | (251) |  |  | 1,255 |
Reclassification adjustments, pretax | 218 |  | (1) | 210 |  | (2) | — |  |  | 428 |
Tax | (46) |  |  | (42) |  |  | — |  |  | (88) |
Reclassification adjustments, net of taxes | 172 |  |  | 168 |  |  | — |  |  | 340 |
Other comprehensive income (loss), net of taxes | 324 |  |  | 1,522 |  |  | (251) |  |  | 1,595 |
Spin-off of Organon (see Note 2) | — |  |  | 28 |  |  | 421 |  |  | 449 |
Balance September 30, 2021, net of taxes | $ | 58 |  |  | $ | (2,990) |  |  | $ | (1,658) |  |  | $ | (4,590) |
Balance January 1, 2022, net of taxes | $ | 144 |  |  | $ | (2,743) |  |  | $ | (1,830) |  |  | $ | (4,429) |
Other comprehensive income (loss) before reclassification adjustments, pretax | 1,233 |  |  | (125) |  |  | (1,001) |  |  | 107 |
Tax | (259) |  |  | 25 |  |  | 11 |  |  | (223) |
Other comprehensive income (loss) before reclassification adjustments, net of taxes | 974 |  |  | (100) |  |  | (990) |  |  | (116) |
Reclassification adjustments, pretax | (493) |  | (1) | 266 |  | (2) | — |  |  | (227) |
Tax | 103 |  |  | (74) |  |  | — |  |  | 29 |
Reclassification adjustments, net of taxes | (390) |  |  | 192 |  |  | — |  |  | (198) |
Other comprehensive income (loss), net of taxes | 584 |  |  | 92 |  |  | (990) |  |  | (314) |
Balance September 30, 2022, net of taxes | $ | 728 |  |  | $ | (2,651) |  |  | $ | (2,820) |  |  | $ | (4,743) |
(1) Primarily relates to foreign currency cash flow hedges that were reclassified from AOCL to Sales. (2) Includes net amortization of prior service cost and actuarial gains and losses included in net periodic benefit cost (see Note 11).

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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