XML 60 R48.htm IDEA: XBRL DOCUMENT
v3.22.2

Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and six months ended June 30, 2022 and 2021 were as follows:
Accumulated Other Comprehensive Loss | Three Months Ended | Six Months Ended
In millions | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2021
Unrealized Gains (Losses) on Investments |  |  |  |
Beginning balance | $ | (37) |  | $ | 55 |  | $ | 59 |  | $ | 104 |
Unrealized gains (losses) on investments | (203) |  | 39 |  | (324) |  | (15) |
Tax (expense) benefit | 43 |  | (9) |  | 67 |  | 2 |
Net unrealized gains (losses) on investments | (160) |  | 30 |  | (257) |  | (13) |
(Gains) losses reclassified from AOCL to net income 1 | 9 |  | (17) |  | 10 |  | (25) |
Tax expense (benefit) 2 | (2) |  | 4 |  | (2) |  | 6 |
Net (gains) losses reclassified from AOCL to net income | 7 |  | (13) |  | 8 |  | (19) |
Other comprehensive income (loss), net of tax | (153) |  | 17 |  | (249) |  | (32) |
Ending balance | $ | (190) |  | $ | 72 |  | $ | (190) |  | $ | 72 |
Cumulative Translation Adjustment |  |  |  |
Beginning balance | $ | (1,519) |  | $ | (1,183) |  | $ | (1,355) |  | $ | (930) |
Gains (losses) on foreign currency translation | (500) |  | 67 |  | (665) |  | (150) |
Tax (expense) benefit | (3) |  | 1 |  | 10 |  | (35) |
Net gains (losses) on foreign currency translation | (503) |  | 68 |  | (655) |  | (185) |
(Gains) losses reclassified from AOCL to net income 3 | (11) |  | (3) |  | (23) |  | (3) |
Other comprehensive income (loss), net of tax | (514) |  | 65 |  | (678) |  | (188) |
Ending balance | $ | (2,033) |  | $ | (1,118) |  | $ | (2,033) |  | $ | (1,118) |
Pension and Other Postretirement Benefits |  |  |  |
Beginning balance | $ | (7,225) |  | $ | (8,425) |  | $ | (7,334) |  | $ | (9,559) |
Gains (losses) arising during the period 4 | 3 |  | — |  | 5 |  | 1,268 |
Tax (expense) benefit | — |  | — |  | — |  | (298) |
Net gains (losses) arising during the period | 3 |  | — |  | 5 |  | 970 |
Amortization of net loss and prior service credits reclassified from AOCL to net income 5 | 156 |  | 194 |  | 313 |  | 392 |
Tax expense (benefit) 2 | (37) |  | (45) |  | (87) |  | (79) |
Net loss and prior service credits reclassified from AOCL to net income | 119 |  | 149 |  | 226 |  | 313 |
Other comprehensive income (loss), net of tax | 122 |  | 149 |  | 231 |  | 1,283 |
Ending balance | $ | (7,103) |  | $ | (8,276) |  | $ | (7,103) |  | $ | (8,276) |
Derivative Instruments |  |  |  |
Beginning balance | $ | (15) |  | $ | (360) |  | $ | (347) |  | $ | (470) |
Gains (losses) on derivative instruments | 260 |  | (10) |  | 680 |  | 112 |
Tax (expense) benefit | (27) |  | 8 |  | (83) |  | (1) |
Net gains (losses) on derivative instruments | 233 |  | (2) |  | 597 |  | 111 |
(Gains) losses reclassified from AOCL to net income 6 | (108) |  | 9 |  | (142) |  | 6 |
Tax expense (benefit) 2 | 12 |  | (1) |  | 14 |  | (1) |
Net (gains) losses reclassified from AOCL to net income | (96) |  | 8 |  | (128) |  | 5 |
Other comprehensive income (loss), net of tax | 137 |  | 6 |  | 469 |  | 116 |
Ending balance | $ | 122 |  | $ | (354) |  | $ | 122 |  | $ | (354) |
Total AOCL ending balance | $ | (9,204) |  | $ | (9,676) |  | $ | (9,204) |  | $ | (9,676) |
1.Reclassified to "Net sales" and "Sundry income (expense) - net." 2.Reclassified to "Provision for income taxes." 3.Reclassified to "Sundry income (expense) - net." 4.The 2021 impact relates to an interim remeasurement of U.S. pension plans due to the announced freeze of plan benefits in the first quarter of 2021. 5.These AOCL components are included in the computation of net periodic benefit cost of the Company's defined benefit pension and other postretirement benefit plans. See Note 16 for additional information. 6.Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."

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 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 https://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 https://asc.fasb.org/extlink&oid=126968391&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 https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration