XML 84 R47.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
Changes in AOCI by Component | Changes in each component of other comprehensive income (loss) are as follows:
| 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 | 333 |  |  |  |  | 1,737 |  |  | (304) |  |  | 1,766 |
Tax | (75) |  |  |  |  | (332) |  |  | (119) |  |  | (526) |
Other comprehensive income (loss) before reclassification adjustments, net of taxes | 258 |  |  |  |  | 1,405 |  |  | (423) |  |  | 1,240 |
Reclassification adjustments, pretax | 192 |  | (1) |  |  | 466 |  | (2) | — |  |  | 658 |
Tax | (40) |  |  |  |  | (102) |  |  | — |  |  | (142) |
Reclassification adjustments, net of taxes | 152 |  |  |  |  | 364 |  |  | — |  |  | 516 |
Other comprehensive income (loss), net of taxes | 410 |  |  |  |  | 1,769 |  |  | (423) |  |  | 1,756 |
Spin-off of Organon (see Note 5) | — |  |  |  |  | 28 |  |  | 421 |  |  | 449 |
Balance at December 31, 2021, net of taxes | 144 |  |  |  |  | (2,743) |  |  | (1,830) |  |  | (4,429) |
Other comprehensive income (loss) before reclassification adjustments, pretax | 684 |  |  |  |  | 70 |  |  | (584) |  |  | 170 |
Tax | (143) |  |  |  |  | 12 |  |  | (19) |  |  | (150) |
Other comprehensive income (loss) before reclassification adjustments, net of taxes | 541 |  |  |  |  | 82 |  |  | (603) |  |  | 20 |
Reclassification adjustments, pretax | (775) |  | (1) |  |  | 329 |  | (2) | — |  |  | (446) |
Tax | 163 |  |  |  |  | (76) |  |  | — |  |  | 87 |
Reclassification adjustments, net of taxes | (612) |  |  |  |  | 253 |  |  | — |  |  | (359) |
Other comprehensive income (loss), net of taxes | (71) |  |  |  |  | 335 |  |  | (603) |  |  | (339) |
Balance at December 31, 2022, net of taxes | 73 |  |  |  |  | (2,408) |  | (3) | (2,433) |  |  | (4,768) |
Other comprehensive income (loss) before reclassification adjustments, pretax | 114 |  |  |  |  | (413) |  |  | 17 |  |  | (282) |
Tax | (24) |  |  |  |  | 86 |  |  | 63 |  |  | 125 |
Other comprehensive income (loss) before reclassification adjustments, net of taxes | 90 |  |  |  |  | (327) |  |  | 80 |  |  | (157) |
Reclassification adjustments, pretax | (237) |  | (1) |  |  | (64) |  | (2) | 9 |  |  | (292) |
Tax | 50 |  |  |  |  | 6 |  |  | — |  |  | 56 |
Reclassification adjustments, net of taxes | (187) |  |  |  |  | (58) |  |  | 9 |  |  | (236) |
Other comprehensive income (loss), net of taxes | (97) |  |  |  |  | (385) |  |  | 89 |  |  | (393) |
Balance at December 31, 2023, net of taxes | $ | (24) |  |  |  |  | $ | (2,793) |  | (3) | $ | (2,344) |  |  | $ | (5,161) |
(1) Primarily relates to foreign currency cash flow hedges that were reclassified from AOCL to Sales (see Note 7). (2) Includes net amortization of prior service cost, actuarial gains and losses, settlements and curtailments included in net periodic benefit cost (see Note 14). (3) Includes pension plan net loss of $3.5 billion and $3.1 billion at December 31, 2023 and 2022, respectively, and other postretirement benefit plan net gain of $500 million and $446 million at December 31, 2023 and 2022, respectively, as well as pension plan prior service credit of $141 million and $152 million at December 31, 2023 and 2022, respectively, and other postretirement benefit plan prior service credit of $95 million and $135 million at December 31, 2023 and 2022, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration