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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net Income $ 1,486 $ 1,597 $ 1,325
Translation adjustments and gains (losses) arising during the year (37) 18 (84)
Translation reclassifications of adjustments and (gains) losses into Net Income 0 71 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax (37) 89 (84)
Translation adjustments tax (expense) benefit 0 0 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (37) 89 (84)
Pension Unrealized gains (losses) arising during the year (54) (12) (115)
Pension reclassification of (gains) losses into Net Income 2 1 34
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Unrealized Gains (Losses), before Tax (52) (11) (81)
Pension and post-retirement benefit plans (tax impact) 13 1 21
Pension and post-retirement benefit plans (net of tax impact) (39) (10) (60)
Cash Flow Hedge unrealized gains (losses) arising during the year 14 14 115
Cash Flow Hedge Reclassification of (gains) losses into Net Income (33) (30) 18
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax (19) (16) 133
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax 5 4 (33)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (14) (12) 100
Other Comprehensive Income (Loss), Net of Tax (90) 67 (44)
Comprehensive Income $ 1,396 $ 1,664 $ 1,281