XML 59 R41.htm IDEA: XBRL DOCUMENT
v3.20.4

Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Equity [Abstract] |
Share activity | Activity in the number of shares of common stock and treasury stock was as follows (in millions):
| Common Stock |  | Treasury Stock
Balance as of December 31, 2017 | 673 |  |  | (240) |
Open market stock purchases | — |  |  | (16) |
Balance as of December 31, 2018 | 673 |  |  | (256) |
Transactions in connection with stock-based compensation plans | — |  |  | 1 |
Open market stock purchases | — |  |  | (9) |
Balance as of December 31, 2019 | 673 |  |  | (264) |
Transactions in connection with stock-based compensation plans | — |  |  | 1 |
Open market stock purchases | — |  |  | (2) |
Balance as of December 31, 2020 | 673 |  |  | (265) |
Income tax effects related to components of other comprehensive income (loss) | The tax effects allocated to each component of other comprehensive income (loss) were as follows (in millions):
| Before-Tax Amount |  | Tax Expense (Benefit) |  | Net Amount
Year ended December 31, 2020 |  |  |  |  |
Foreign currency translation adjustment | $ | 161 |  |  | $ | — |  |  | $ | 161 |
Pension and other postretirement benefits: |  |  |  |  |
Loss arising during the year related to: |  |  |  |  |
Net actuarial loss | (128) |  |  | (26) |  |  | (102) |
Prior service cost | (5) |  |  | (1) |  |  | (4) |
Amounts reclassified into income related to: |  |  |  |  |
Net actuarial loss | 74 |  |  | 17 |  |  | 57 |
Prior service credit | (26) |  |  | (6) |  |  | (20) |
Curtailment and settlement loss | 5 |  |  | 1 |  |  | 4 |
Net loss on pension and other postretirement benefits | (80) |  |  | (15) |  |  | (65) |
Derivative instruments designated and qualifying as cash flow hedges: |  |  |  |  |
Net gain arising during the year | 36 |  |  | 3 |  |  | 33 |
Net gain reclassified into income | (34) |  |  | (4) |  |  | (30) |
Net gain on cash flow hedges | 2 |  |  | (1) |  |  | 3 |
Other comprehensive income | $ | 83 |  |  | $ | (16) |  |  | $ | 99 |
| Before-Tax Amount |  | Tax Expense (Benefit) |  | Net Amount
Year ended December 31, 2019 |  |  |  |  |
Foreign currency translation adjustment | $ | 349 |  |  | $ | — |  |  | $ | 349 |
Pension and other postretirement benefits: |  |  |  |  |
Loss arising during the year related to: |  |  |  |  |
Net actuarial loss | (245) |  |  | (54) |  |  | (191) |
Prior service cost | (3) |  |  | (1) |  |  | (2) |
Miscellaneous loss | — |  |  | 4 |  |  | (4) |
Amounts reclassified into income related to: |  |  |  |  |
Net actuarial loss | 38 |  |  | 9 |  |  | 29 |
Prior service credit | (28) |  |  | (6) |  |  | (22) |
Curtailment and settlement loss | 4 |  |  | 1 |  |  | 3 |
Net loss on pension and other postretirement benefits | (234) |  |  | (47) |  |  | (187) |
Derivative instruments designated and qualifying as cash flow hedges: |  |  |  |  |
Net loss arising during the year | (6) |  |  | (1) |  |  | (5) |
Net gain reclassified into income | (2) |  |  | — |  |  | (2) |
Net loss on cash flow hedges | (8) |  |  | (1) |  |  | (7) |
Other comprehensive income | $ | 107 |  |  | $ | (48) |  |  | $ | 155 |
Year ended December 31, 2018 |  |  |  |  |
Foreign currency translation adjustment | $ | (517) |  |  | $ | — |  |  | $ | (517) |
Pension and other postretirement benefits: |  |  |  |  |
Gain arising during the year related to: |  |  |  |  |
Net actuarial gain | 1 |  |  | — |  |  | 1 |
Prior service credit | 7 |  |  | 1 |  |  | 6 |
Amounts reclassified into income related to: |  |  |  |  |
Net actuarial loss | 63 |  |  | 14 |  |  | 49 |
Prior service credit | (29) |  |  | (7) |  |  | (22) |
Curtailment and settlement loss | 7 |  |  | 2 |  |  | 5 |
Net gain on pension and other postretirement benefits | 49 |  |  | 10 |  |  | 39 |
Other comprehensive loss | $ | (468) |  |  | $ | 10 |  |  | $ | (478) |
Changes in components of accumulated other comprehensive loss | Changes in accumulated other comprehensive loss by component, net of tax, were as follows (in millions):
| Foreign Currency Translation Adjustment |  | Defined Benefit Plans Items |  | Gains (Losses) on Cash Flow Hedges |  | Total
Balance as of December 31, 2017 | $ | (507) |  |  | $ | (433) |  |  | $ | — |  |  | $ | (940) |
Other comprehensive income (loss) before reclassifications | (515) |  |  | 7 |  |  | — |  |  | (508) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 32 |  |  | — |  |  | 32 |
Other comprehensive income (loss) | (515) |  |  | 39 |  |  | — |  |  | (476) |
Reclassification of stranded income tax effects | — |  |  | (91) |  |  | — |  |  | (91) |
Balance as of December 31, 2018 | (1,022) |  |  | (485) |  |  | — |  |  | (1,507) |
Other comprehensive income (loss) before reclassifications | 346 |  |  | (197) |  |  | (2) |  |  | 147 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 10 |  |  | (1) |  |  | 9 |
Other comprehensive income (loss) | 346 |  |  | (187) |  |  | (3) |  |  | 156 |
Balance as of December 31, 2019 | (676) |  |  | (672) |  |  | (3) |  |  | (1,351) |
Other comprehensive income (loss) before reclassifications | 161 |  |  | (106) |  |  | 14 |  |  | 69 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 41 |  |  | (13) |  |  | 28 |
Other comprehensive income (loss) | 161 |  |  | (65) |  |  | 1 |  |  | 97 |
Balance as of December 31, 2020 | $ | (515) |  |  | $ | (737) |  |  | $ | (2) |  |  | $ | (1,254) |
Gains (losses) reclassified out of accumulated other comprehensive loss | Gains (losses) reclassified out of accumulated other comprehensive loss and into net income (loss) were as follows (in millions):
Details about Accumulated Other Comprehensive Loss Components |  |  |  | Affected Line Item in the Statement of Income
| Year Ended December 31, |
| 2020 |  | 2019 |  | 2018 |
Amortization of items related to defined benefit pension plans: |  |  |  |  |  |  |  |
Net actuarial loss |  | $ | (74) |  |  | $ | (38) |  |  | $ | (63) |  |  | (a) Other income, net
Prior service credit |  | 26 |  |  | 28 |  |  | 29 |  |  | (a) Other income, net
Curtailment and settlement |  | (5) |  |  | (4) |  |  | (7) |  |  | (a) Other income, net
|  | (53) |  |  | (14) |  |  | (41) |  |  | Total before tax
|  | 12 |  |  | 4 |  |  | 9 |  |  | Tax benefit
|  | $ | (41) |  |  | $ | (10) |  |  | $ | (32) |  |  | Net of tax
Gains on cash flow hedges: |  |  |  |  |  |  |  |
Commodity contracts |  | $ | 34 |  |  | $ | 2 |  |  | $ | — |  |  | Revenues
|  | 34 |  |  | 2 |  |  | — |  |  | Total before tax
|  | (4) |  |  | — |  |  | — |  |  | Tax expense
|  | $ | 30 |  |  | $ | 2 |  |  | $ | — |  |  | Net of tax
Total reclassifications for the year |  | $ | (11) |  |  | $ | (8) |  |  | $ | (32) |  |  | Net of tax
________________________ (a)These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost, as discussed in Note 14.

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 information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21488-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration