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SHAREOWNERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Roll-forward of Common Stock, Additional Paid-in Capital, and Retained Earnings Accounts

The following is a rollforward of our common stock, additional paid-in capital, retained earnings and non-controlling minority interests accounts for the years ended December 31, 2021, 2020 and 2019 (in millions, except per share amounts):

			2021												2020												2019
			Shares						Dollars						Shares						Dollars						Shares						Dollars
Class A Common Stock:
Balance at beginning of year			147						$	2					156						$	2					163						$	2
Common stock purchases			—						—						—						—						(3)						—
Stock award plans			6						—						6						—						5						—
Common stock issuances			2						—						4						—						3						—
Conversions of class A to class B common stock			(17)						—						(19)						—						(12)						—
Class A shares issued at end of year			138						$	2					147						$	2					156						$	2
Class B Common Stock:
Balance at beginning of year			718						$	7					701						$	7					696						$	7
Common stock purchases			(3)						—						(2)						—						(7)						—
Conversions of class A to class B common stock			17						—						19						—						12						—
Class B shares issued at end of year			732						$	7					718						$	7					701						$	7
Additional Paid-In Capital:
Balance at beginning of year									$	865											$	150											$	—
Stock award plans									574												498												778
Common stock purchases									(500)												(217)												(1,005)
Common stock issuances									404												434												356
Option premiums received (paid)									—												—												21
Balance at end of year									$	1,343											$	865											$	150
Retained Earnings:
Balance at beginning of year									$	6,896											$	9,105											$	8,006
Net income attributable to controlling interests									12,890												1,343												4,440
Dividends ($4.08, $4.04, and $3.84 per share) (1)									(3,604)												(3,552)												(3,341)
Other									(3)												—												—
Balance at end of year									$	16,179											$	6,896											$	9,105
Non-Controlling Interests:
Balance at beginning of year									$	12											$	16											$	16
Change in non-controlling interests									4												(4)												—
Balance at end of year									$	16											$	12											$	16

(1) The dividend per share amount is the same for both class A and class B common stock. Dividends include $167, $178 and $147 million for 2021, 2020 and 2019, respectively, that were settled in shares of class A common stock.

Activity in Accumulated Other Comprehensive Income (Loss)

The activity in AOCI for the years ended December 31, 2021, 2020 and 2019 is as follows (in millions):

			2021						2020						2019
Foreign Currency Translation Gain (Loss), Net of Tax:
Balance at beginning of year			$	(981)					$	(1,078)					$	(1,126)
Translation adjustment (net of tax effect of $42, $(36) and $10)			(181)						97						48
Balance at end of year			$	(1,162)					$	(981)					$	(1,078)
Unrealized Gain (Loss) on Marketable Securities, Net of Tax:
Balance at beginning of year			$	6					$	4					$	(2)
Current period changes in fair value (net of tax effect of $0, $1 and $4)			(2)						6						11
Reclassification to earnings (net of tax effect of $0, $(1) and $(1))			(5)						(4)						(5)
Balance at end of year			$	(1)					$	6					$	4
Unrealized Gain (Loss) on Cash Flow Hedges, Net of Tax:
Balance at beginning of year			$	(223)					$	112					$	40
Current period changes in fair value (net of tax effect of $82, $(61) and $61)			261						(192)						195
Reclassification to earnings (net of tax effect of $(17), $(45) and $(39))			(55)						(143)						(123)
Balance at end of year			$	(17)					$	(223)					$	112
Unrecognized Pension and Postretirement Benefit Costs, Net of Tax:
Balance at beginning of year			$	(5,915)					$	(5,035)					$	(3,906)
Net actuarial gain (loss) resulting from remeasurements of plan assets and liabilities (net of tax effect of $1,956, $(1,885) and $(979))			6,195						(5,984)						(3,117)
Reclassification to earnings (net of tax effect of $(749), $1,607 and $626)			(2,378)						5,104						1,988
Balance at end of year			$	(2,098)					$	(5,915)					$	(5,035)
Accumulated other comprehensive income (loss) at end of year			$	(3,278)					$	(7,113)					$	(5,997)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the years ended December 31, 2021, 2020 and 2019 is as follows (in millions):

			Amount Reclassified from AOCI																		Affected Line Item in the Income Statement
			2021						2020						2019
Unrealized Gain (Loss) on Marketable Securities:
Realized gain (loss) on sale of securities			$	5					$	5					$	6					Investment income (expense) and other
Income tax (expense) benefit			—						(1)						(1)						Income tax expense
Impact on net income			5						4						5						Net income
Unrealized Gain (Loss) on Cash Flow Hedges:
Interest rate contracts			(11)						(8)						(15)						Interest expense
Foreign currency exchange contracts			83						196						177						Revenue
Income tax (expense) benefit			(17)						(45)						(39)						Income tax expense
Impact on net income			55						143						123						Net income
Unrecognized Pension and Postretirement Benefit Costs:
Prior service costs			(148)						(227)						(227)						Investment income (expense) and other
Prior service credit for divested business			69						—						—						Other expenses
Plan amendments for divested business			(66)						—						—						Other expenses
Remeasurement of benefit obligation			3,272						(6,484)						(2,387)						Investment income (expense) and other
Income tax (expense) benefit			(749)						1,607						626						Income tax expense
Impact on net income			2,378						(5,104)						(1,988)						Net income
Total amount reclassified for the year			$	2,438					$	(4,957)					$	(1,860)					Net income

Activity in Deferred Compensation Program

Activity in the deferred compensation program for the years ended December 31, 2021, 2020 and 2019 was as follows (in millions):

			2021												2020												2019
			Shares						Dollars						Shares						Dollars						Shares						Dollars
Deferred Compensation Obligations:
Balance at beginning of year									$	20											$	26											$	32
Reinvested dividends									1												1												2
Benefit payments									(5)												(7)												(8)
Balance at end of year									$	16											$	20											$	26
Treasury Stock:
Balance at beginning of year			—						$	(20)					—						$	(26)					(1)						$	(32)
Reinvested dividends			—						(1)						—						(1)						—						(2)
Benefit payments			—						5						—						7						1						8
Balance at end of year			—						$	(16)					—						$	(20)					—						$	(26)

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Schedule of Deferred Compensation and Treasury Stock Activity [Table Text Block]

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Schedule of Reclassifications from Accumulated Other Comprehensive Income (Loss) to Earnings [Table]

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

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