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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net Income $ 224 $ 391 $ 623 $ 717
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature        
Adjustments and gains (losses) arising during the period (21) 14 (44) 17
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax (21) 14 (44) 17
Tax (expense) benefit 0 0 0 0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax (21) 14 (44) 17
Changes in pension and post-retirement benefits        
Unrealized gains (losses) arising during period, before Tax 0 11 0 58
Reclassification of (gains) losses into Net Income 4 4 9 11
Changes in pension and post-retirement benefits, before Tax 4 15 9 69
Pension and post-retirement benefit plans, tax (1) (4) (2) (17)
Pension and post-retirement benefit plans, net of tax 3 11 7 52
Changes in derivative instruments        
Unrealized gains (losses) arising during the period 15 (8) 72 16
Reclassification of (gains) losses into Net Income 6 4 18 8
Changes in derivative instruments 21 (4) 90 24
Changes in derivatives, Tax (5) 1 (22) (6)
Changes in derivatives, net of tax 16 (3) 68 18
Other comprehensive income (loss), net of tax (2) 22 31 87
Comprehensive Income (Loss) $ 222 $ 413 $ 654 $ 804