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v3.23.3

Accumulated Other Comprehensive Loss (Notes) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Comprehensive Income (Loss) Note | ACCUMULATED OTHER COMPREHENSIVE LOSS The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and nine months ended September 30, 2023 and 2022 were as follows:
Accumulated Other Comprehensive Loss | Three Months Ended | Nine Months Ended
In millions | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2022
Unrealized Gains (Losses) on Investments |  |  |  |
Beginning balance | $ | (161) |  | $ | (190) |  | $ | (253) |  | $ | 59 |
Unrealized gains (losses) on investments | (33) |  | (61) |  | 55 |  | (385) |
Tax (expense) benefit | 9 |  | (55) |  | 48 |  | 12 |
Net unrealized gains (losses) on investments | (24) |  | (116) |  | 103 |  | (373) |
(Gains) losses reclassified from AOCL to net income 1 | 4 |  | (8) |  | (41) |  | 2 |
Tax expense (benefit) 2 | — |  | 2 |  | 10 |  | — |
Net (gains) losses reclassified from AOCL to net income | 4 |  | (6) |  | (31) |  | 2 |
Other comprehensive income (loss), net of tax | (20) |  | (122) |  | 72 |  | (371) |
Ending balance | $ | (181) |  | $ | (312) |  | $ | (181) |  | $ | (312) |
Cumulative Translation Adjustment |  |  |  |
Beginning balance | $ | (1,936) |  | $ | (2,033) |  | $ | (1,934) |  | $ | (1,355) |
Gains (losses) on foreign currency translation | (122) |  | (369) |  | (122) |  | (1,034) |
Tax (expense) benefit | (6) |  | (17) |  | (16) |  | (7) |
Net gains (losses) on foreign currency translation | (128) |  | (386) |  | (138) |  | (1,041) |
(Gains) losses reclassified from AOCL to net income 3 | (19) |  | (17) |  | (11) |  | (40) |
Other comprehensive income (loss), net of tax | (147) |  | (403) |  | (149) |  | (1,081) |
Ending balance | $ | (2,083) |  | $ | (2,436) |  | $ | (2,083) |  | $ | (2,436) |
Pension and Other Postretirement Benefits |  |  |  |
Beginning balance | $ | (4,875) |  | $ | (7,103) |  | $ | (4,877) |  | $ | (7,334) |
Gains (losses) arising during the period | (4) |  | 6 |  | (7) |  | 11 |
Amortization of net loss and prior service credits reclassified from AOCL to net income 4 | 3 |  | 155 |  | 8 |  | 468 |
Tax expense (benefit) 2 | (1) |  | (36) |  | (1) |  | (123) |
Net loss and prior service credits reclassified from AOCL to net income | 2 |  | 119 |  | 7 |  | 345 |
Other comprehensive income (loss), net of tax | (2) |  | 125 |  | — |  | 356 |
Ending balance | $ | (4,877) |  | $ | (6,978) |  | $ | (4,877) |  | $ | (6,978) |
Derivative Instruments |  |  |  |
Beginning balance | $ | (95) |  | $ | 122 |  | $ | (75) |  | $ | (347) |
Gains (losses) on derivative instruments | (58) |  | 122 |  | (242) |  | 802 |
Tax (expense) benefit | (2) |  | (31) |  | 34 |  | (114) |
Net gains (losses) on derivative instruments | (60) |  | 91 |  | (208) |  | 688 |
(Gains) losses reclassified from AOCL to net income 5 | 45 |  | (80) |  | 209 |  | (222) |
Tax expense (benefit) 2 | (10) |  | 11 |  | (46) |  | 25 |
Net (gains) losses reclassified from AOCL to net income | 35 |  | (69) |  | 163 |  | (197) |
Other comprehensive income (loss), net of tax | (25) |  | 22 |  | (45) |  | 491 |
Ending balance | $ | (120) |  | $ | 144 |  | $ | (120) |  | $ | 144 |
Total AOCL ending balance | $ | (7,261) |  | $ | (9,582) |  | $ | (7,261) |  | $ | (9,582) |
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.These AOCL components are included in the computation of net periodic benefit cost (credit) of the Company's defined benefit pension and other postretirement benefit plans. See Note 12 for additional information. 5.Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."
Stockholders' Equity Note Disclosure [Text Block] | The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and nine months ended September 30, 2023 and 2022 were as follows:
Accumulated Other Comprehensive Loss | Three Months Ended | Nine Months Ended
In millions | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2022
Unrealized Gains (Losses) on Investments |  |  |  |
Beginning balance | $ | (161) |  | $ | (190) |  | $ | (253) |  | $ | 59 |
Unrealized gains (losses) on investments | (33) |  | (61) |  | 55 |  | (385) |
Tax (expense) benefit | 9 |  | (55) |  | 48 |  | 12 |
Net unrealized gains (losses) on investments | (24) |  | (116) |  | 103 |  | (373) |
(Gains) losses reclassified from AOCL to net income 1 | 4 |  | (8) |  | (41) |  | 2 |
Tax expense (benefit) 2 | — |  | 2 |  | 10 |  | — |
Net (gains) losses reclassified from AOCL to net income | 4 |  | (6) |  | (31) |  | 2 |
Other comprehensive income (loss), net of tax | (20) |  | (122) |  | 72 |  | (371) |
Ending balance | $ | (181) |  | $ | (312) |  | $ | (181) |  | $ | (312) |
Cumulative Translation Adjustment |  |  |  |
Beginning balance | $ | (1,936) |  | $ | (2,033) |  | $ | (1,934) |  | $ | (1,355) |
Gains (losses) on foreign currency translation | (122) |  | (369) |  | (122) |  | (1,034) |
Tax (expense) benefit | (6) |  | (17) |  | (16) |  | (7) |
Net gains (losses) on foreign currency translation | (128) |  | (386) |  | (138) |  | (1,041) |
(Gains) losses reclassified from AOCL to net income 3 | (19) |  | (17) |  | (11) |  | (40) |
Other comprehensive income (loss), net of tax | (147) |  | (403) |  | (149) |  | (1,081) |
Ending balance | $ | (2,083) |  | $ | (2,436) |  | $ | (2,083) |  | $ | (2,436) |
Pension and Other Postretirement Benefits |  |  |  |
Beginning balance | $ | (4,875) |  | $ | (7,103) |  | $ | (4,877) |  | $ | (7,334) |
Gains (losses) arising during the period | (4) |  | 6 |  | (7) |  | 11 |
Amortization of net loss and prior service credits reclassified from AOCL to net income 4 | 3 |  | 155 |  | 8 |  | 468 |
Tax expense (benefit) 2 | (1) |  | (36) |  | (1) |  | (123) |
Net loss and prior service credits reclassified from AOCL to net income | 2 |  | 119 |  | 7 |  | 345 |
Other comprehensive income (loss), net of tax | (2) |  | 125 |  | — |  | 356 |
Ending balance | $ | (4,877) |  | $ | (6,978) |  | $ | (4,877) |  | $ | (6,978) |
Derivative Instruments |  |  |  |
Beginning balance | $ | (95) |  | $ | 122 |  | $ | (75) |  | $ | (347) |
Gains (losses) on derivative instruments | (58) |  | 122 |  | (242) |  | 802 |
Tax (expense) benefit | (2) |  | (31) |  | 34 |  | (114) |
Net gains (losses) on derivative instruments | (60) |  | 91 |  | (208) |  | 688 |
(Gains) losses reclassified from AOCL to net income 5 | 45 |  | (80) |  | 209 |  | (222) |
Tax expense (benefit) 2 | (10) |  | 11 |  | (46) |  | 25 |
Net (gains) losses reclassified from AOCL to net income | 35 |  | (69) |  | 163 |  | (197) |
Other comprehensive income (loss), net of tax | (25) |  | 22 |  | (45) |  | 491 |
Ending balance | $ | (120) |  | $ | 144 |  | $ | (120) |  | $ | 144 |
Total AOCL ending balance | $ | (7,261) |  | $ | (9,582) |  | $ | (7,261) |  | $ | (9,582) |
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.These AOCL components are included in the computation of net periodic benefit cost (credit) of the Company's defined benefit pension and other postretirement benefit plans. See Note 12 for additional information. 5.Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."

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