XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.21.2

Accumulated Other Comprehensive Income (AOCI) | 6 Months Ended
--- | ---
Jun. 30, 2021
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Accumulated Other Comprehensive Income (AOCI) | Accumulated Other Comprehensive Income The following tables set forth the changes in AOCI by component for the three and six months ended June 30, 2021 and the reclassifications out of AOCI for the three and six months ended June 30, 2021 and 2020:
| Three months ended June 30, 2021
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Hedging Activities |  | Pension Liability Adjustment |  | Unrealized Gain (Loss) on Investments |  | Total
| (In millions)
Balance at March 31, 2021 | $ | (2,186) |  |  | $ | 261 |  |  | $ | (352) |  |  | $ | (1) |  |  | $ | (2,278) |
Other comprehensive income (loss) before reclassifications | 99 |  |  | 320 |  |  | (1) |  |  | (1) |  |  | 417 |
Gain (loss) on net investment hedges | (64) |  |  | — |  |  | — |  |  | — |  |  | (64) |
Amounts reclassified from AOCI | — |  |  | (238) |  |  | 72 |  |  | — |  |  | (166) |
Tax effect | 8 |  |  | (15) |  |  | (22) |  |  | (1) |  |  | (30) |
Net of tax amount | 43 |  |  | 67 |  |  | 49 |  |  | (2) |  |  | 157 |
Balance at June 30, 2021 | $ | (2,143) |  |  | $ | 328 |  |  | $ | (303) |  |  | $ | (3) |  |  | $ | (2,121) |
| Six months ended June 30, 2021
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Hedging Activities |  | Pension Liability Adjustment |  | Unrealized Gain (Loss) on Investments |  | Total
| (In millions)
Balance at December 31, 2020 | $ | (2,424) |  |  | $ | 185 |  |  | $ | (365) |  |  | $ | — |  |  | $ | (2,604) |
Other comprehensive income (loss) before reclassifications | 163 |  |  | 496 |  |  | 7 |  |  | (2) |  |  | 664 |
Gain (loss) on net investment hedges | 166 |  |  | — |  |  | — |  |  | — |  |  | 166 |
Amounts reclassified from AOCI | — |  |  | (313) |  |  | 82 |  |  | — |  |  | (231) |
Tax effect | (48) |  |  | (40) |  |  | (27) |  |  | (1) |  |  | (116) |
Net of tax amount | 281 |  |  | 143 |  |  | 62 |  |  | (3) |  |  | 483 |
Balance at June 30, 2021 | $ | (2,143) |  |  | $ | 328 |  |  | $ | (303) |  |  | $ | (3) |  |  | $ | (2,121) |
| Amount reclassified from AOCI |
| Three months ended June 30, |  | Six months ended June 30, | Affected line item in the consolidated statements of earnings
Details about AOCI components | 2021 | 2020 |  | 2021 | 2020
| (In millions) |
Deferred loss (gain) on hedging activities |  |  |  |  |  |
| $ | 1 |  | $ | 13 |  |  | $ | 15 |  | $ | 33 |  | Revenues
| (239) |  | 36 |  |  | (328) |  | 60 |  | Cost of products sold
| — |  | 8 |  |  | — |  | 8 |  | Interest expense
| (238) |  | 57 |  |  | (313) |  | 101 |  | Total before tax
| 57 |  | (10) |  |  | 79 |  | (14) |  | Tax
| $ | (181) |  | $ | 47 |  |  | $ | (234) |  | $ | 87 |  | Net of tax
Pension liability adjustment |  |  |  |  |  |
Amortization of defined benefit pension items: |  |  |  |  |  |
Prior service credit | $ | (61) |  | $ | (8) |  |  | $ | (67) |  | $ | (16) |  | Other (income) expense-net
Actuarial losses | 133 |  | 13 |  |  | 149 |  | 21 |  | Other (income) expense-net
| 72 |  | 5 |  |  | 82 |  | 5 |  | Total before tax
| (22) |  | — |  |  | (26) |  | (11) |  | Tax
| $ | 50 |  | $ | 5 |  |  | $ | 56 |  | $ | (6) |  | Net of tax
The Company’s accounting policy is to release the income tax effects from AOCI when the individual units of account are sold, terminated, or extinguished.

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

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration