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Equity and Accumulated Other Comprehensive Earnings (Tables) | 3 Months Ended
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Mar. 31, 2020
Equity and Accumulated Other Comprehensive Earnings |
Schedule of company's equity activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Common Stock | ​ | Treasury Stock | ​ | ​ | ​ | ​ | Accumulated Other | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | ​ | ​ | Number of | ​ | ​ | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total
($ in millions; share amounts in thousands) |  | Shares |  | Amount |  | Shares |  | Amount |  | Earnings |  | Earnings (Loss) |  | Interest |  | Equity
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at December 31, 2019 | ​ | 676,302 | ​ | $ | 1,178 | ​ | (351,667) | ​ | $ | (3,122) | ​ | $ | 5,803 | ​ | $ | (910) | ​ | $ | 70 | ​ | $ | 3,019
Net earnings | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | 23 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 23
Other comprehensive earnings (loss), net of tax | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (229) | ​ | ​ | — | ​ | ​ | (229)
Common dividends, net of tax benefits | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | (49) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (49)
Treasury stock purchases | ​ | — | ​ | ​ | — | ​ | (774) | ​ | ​ | (54) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (54)
Treasury shares reissued | ​ | — | ​ | ​ | — | ​ | 232 | ​ | ​ | 7 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged | ​ | 1,826 | ​ | ​ | (27) | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (27)
Other activity | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | 10 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 10
Balance at March 31, 2020 | ​ | 678,128 | ​ | $ | 1,151 | ​ | (352,209) | ​ | $ | (3,159) | ​ | $ | 5,777 | ​ | $ | (1,139) | ​ | $ | 70 | ​ | $ | 2,700
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Common Stock | ​ | Treasury Stock | ​ | ​ | ​ | ​ | Accumulated Other | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | ​ | ​ | Number of | ​ | ​ | ​ | Retained | ​ | Comprehensive | ​ | Noncontrolling | ​ | Total
($ in millions; share amounts in thousands) |  | Shares |  | Amount |  | Shares |  | Amount |  | Earnings |  | Earnings (Loss) |  | Interest |  | Equity
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at December 31, 2018 | ​ | 673,237 | ​ | $ | 1,157 | ​ | (337,979) | ​ | $ | (2,205) | ​ | $ | 5,341 | ​ | $ | (835) | ​ | $ | 104 | ​ | $ | 3,562
Net earnings | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | 117 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 117
Other comprehensive earnings (loss), net of tax | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 125 | ​ | ​ | — | ​ | ​ | 125
Reclassification of stranded tax effects | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | ​ | 79 | ​ | ​ | (79) | ​ | ​ | — | ​ | ​ | —
Common dividends, net of tax benefits | ​ | — | ​ | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (34) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (34)
Treasury stock purchases | ​ | — | ​ | ​ | — | ​ | (2,634) | ​ | ​ | (129) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (129)
Treasury shares reissued | ​ | — | ​ | ​ | — | ​ | 390 | ​ | ​ | 5 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5
Shares issued and stock compensation for stock options and other stock plans, net of shares exchanged | ​ | 1,455 | ​ | ​ | (3) | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (3)
Other activity | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | 6 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | 6
Balance at March 31, 2019 | ​ | 674,692 | ​ | $ | 1,154 | ​ | (340,223) | ​ | $ | (2,323) | ​ | $ | 5,504 | ​ | $ | (789) | ​ | $ | 103 | ​ | $ | 3,649
Schedule of activity related to accumulated other comprehensive earnings (loss) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ in millions) |  | Foreign Currency Translation (Net of Tax) |  | Pension and Other Postretirement Benefits (Net of Tax) |  | Derivatives Designated as Hedges (Net of Tax) |  | Accumulated Other Comprehensive Earnings (Loss)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at December 31, 2019 | ​ | $ | (340) | ​ | $ | (558) | ​ | $ | (12) | ​ | $ | (910)
Other comprehensive earnings (loss) before reclassifications | ​ | ​ | (224) | ​ | ​ | (18) | ​ | ​ | 20 | ​ | ​ | (222)
Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings | ​ | ​ | — | ​ | ​ | 8 | ​ | ​ | (15) | ​ | ​ | (7)
Balance at March 31, 2020 | ​ | $ | (564) | ​ | $ | (568) | ​ | $ | (7) | ​ | $ | (1,139)
​
Information related to amounts reclassified into net earnings from accumulated other comprehensive earnings (loss) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, | ​
($ in millions) |  | 2020 |  | 2019 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gains (losses) on cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts recorded in net sales | ​ | $ | — | ​ | $ | 2 | ​
Commodity contracts recorded in cost of sales | ​ | ​ | 4 | ​ | ​ | (5) | ​
Currency exchange contracts recorded in selling, general and administrative | ​ | ​ | 18 | ​ | ​ | 23 | ​
Cross-currency swaps recorded in interest expense | ​ | ​ | (1) | ​ | ​ | 4 | ​
Interest rate contracts recorded in interest expense | ​ | ​ | (1) | ​ | ​ | — | ​
Total before tax effect | ​ | ​ | 20 | ​ | ​ | 24 | ​
Tax benefit (expense) on amounts reclassified into earnings | ​ | ​ | (5) | ​ | ​ | (6) | ​
Recognized gain (loss), net of tax | ​ | $ | 15 | ​ | $ | 18 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of pension and other postretirement benefits: (a) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Actuarial gains (losses) | ​ | $ | (11) | ​ | $ | (5) | ​
Total before tax effect | ​ | ​ | (11) | ​ | ​ | (5) | ​
Tax benefit (expense) on amounts reclassified into earnings | ​ | ​ | 3 | ​ | ​ | 1 | ​
Recognized gain (loss), net of tax | ​ | $ | (8) | ​ | $ | (4) | ​
(a) | These components include the computation of net periodic benefit cost detailed in Note 17.

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