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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and nine months ended September 30, 2022 and 2021 were as follows:
Accumulated Other Comprehensive Loss | Three Months Ended | Nine Months Ended
In millions | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2021
Unrealized Gains (Losses) on Investments |  |  |  |
Beginning balance | $ | (190) |  | $ | 72 |  | $ | 59 |  | $ | 104 |
Unrealized gains (losses) on investments | (61) |  | (10) |  | (385) |  | (25) |
Tax (expense) benefit | (55) |  | 3 |  | 12 |  | 5 |
Net unrealized gains (losses) on investments | (116) |  | (7) |  | (373) |  | (20) |
(Gains) losses reclassified from AOCL to net income 1 | (8) |  | (8) |  | 2 |  | (33) |
Tax expense (benefit) 2 | 2 |  | 2 |  | — |  | 8 |
Net (gains) losses reclassified from AOCL to net income | (6) |  | (6) |  | 2 |  | (25) |
Other comprehensive income (loss), net of tax | (122) |  | (13) |  | (371) |  | (45) |
Ending balance | $ | (312) |  | $ | 59 |  | $ | (312) |  | $ | 59 |
Cumulative Translation Adjustment |  |  |  |
Beginning balance | $ | (2,033) |  | $ | (1,118) |  | $ | (1,355) |  | $ | (930) |
Gains (losses) on foreign currency translation | (369) |  | (148) |  | (1,034) |  | (298) |
Tax (expense) benefit | (17) |  | (8) |  | (7) |  | (43) |
Net gains (losses) on foreign currency translation | (386) |  | (156) |  | (1,041) |  | (341) |
(Gains) losses reclassified from AOCL to net income 3 | (17) |  | (1) |  | (40) |  | (4) |
Other comprehensive income (loss), net of tax | (403) |  | (157) |  | (1,081) |  | (345) |
Ending balance | $ | (2,436) |  | $ | (1,275) |  | $ | (2,436) |  | $ | (1,275) |
Pension and Other Postretirement Benefits |  |  |  |
Beginning balance | $ | (7,103) |  | $ | (8,276) |  | $ | (7,334) |  | $ | (9,559) |
Gains (losses) arising during the period 4 | 6 |  | 2 |  | 11 |  | 1,270 |
Tax (expense) benefit | — |  | — |  | — |  | (298) |
Net gains (losses) arising during the period | 6 |  | 2 |  | 11 |  | 972 |
Amortization of net loss and prior service credits reclassified from AOCL to net income 5 | 155 |  | 191 |  | 468 |  | 583 |
Tax expense (benefit) 2 | (36) |  | (44) |  | (123) |  | (123) |
Net loss and prior service credits reclassified from AOCL to net income | 119 |  | 147 |  | 345 |  | 460 |
Other comprehensive income (loss), net of tax | 125 |  | 149 |  | 356 |  | 1,432 |
Ending balance | $ | (6,978) |  | $ | (8,127) |  | $ | (6,978) |  | $ | (8,127) |
Derivative Instruments |  |  |  |
Beginning balance | $ | 122 |  | $ | (354) |  | $ | (347) |  | $ | (470) |
Gains (losses) on derivative instruments | 122 |  | 55 |  | 802 |  | 167 |
Tax (expense) benefit | (31) |  | (9) |  | (114) |  | (10) |
Net gains (losses) on derivative instruments | 91 |  | 46 |  | 688 |  | 157 |
(Gains) losses reclassified from AOCL to net income 6 | (80) |  | (16) |  | (222) |  | (10) |
Tax expense (benefit) 2 | 11 |  | 2 |  | 25 |  | 1 |
Net (gains) losses reclassified from AOCL to net income | (69) |  | (14) |  | (197) |  | (9) |
Other comprehensive income (loss), net of tax | 22 |  | 32 |  | 491 |  | 148 |
Ending balance | $ | 144 |  | $ | (322) |  | $ | 144 |  | $ | (322) |
Total AOCL ending balance | $ | (9,582) |  | $ | (9,665) |  | $ | (9,582) |  | $ | (9,665) |
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 17 for additional information. 6.Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."

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