XML 150 R54.htm IDEA: XBRL DOCUMENT v3.19.3
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Schedule of Stock by Class [Table Text Block]
Shares of common stock
Issued
Balance June 1, 2019
748,815,000

Issued
399,000

Repurchased and retired
(824,000
)
Balance September 30, 2019
748,390,000


Schedule of Noncontrolling Interests Represented by Preferred Stock [Table Text Block]
Shares in thousands
Number of Shares
Authorized
23,000
$4.50 Series, callable at $120
1,673
$3.50 Series, callable at $102
700

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
(In millions)
Cumulative Translation Adjustment1
Derivative Instruments
Pension Benefit Plans
Other Benefit Plans
Total
2018
 
 
 
 
 
Balance January 1, 2018
$
(1,217
)
$
(2
)
$
95

$
(53
)
$
(1,177
)
Other comprehensive (loss) income before reclassifications
(1,099
)
(3
)
15


(1,087
)
Amounts reclassified from accumulated other comprehensive loss

(5
)
(2
)

(7
)
Net other comprehensive (loss) income
(1,099
)
(8
)
13


(1,094
)
Balance September 30, 2018
$
(2,316
)
$
(10
)
$
108

$
(53
)
$
(2,271
)
 
 
 
 
 
 
2019
 

 

 

 

 

Balance January 1, 2019
$
(2,793
)
$
(26
)
$
(620
)
$
79

$
(3,360
)
Other comprehensive (loss) income before reclassifications
(471
)
11

9

(85
)
(536
)
Amounts reclassified from accumulated other comprehensive income (loss)

12

4

(1
)
15

Net other comprehensive (loss) income
(471
)
23

13

(86
)
(521
)
Impact of Internal Reorganizations
1,123


91


1,214

Balance September 30, 2019
$
(2,141
)
$
(3
)
$
(516
)
$
(7
)
$
(2,667
)

1. 
The cumulative translation adjustment loss for the nine months ended September 30, 2018 was primarily driven by the strengthening of the U.S. Dollar ("USD") against the Euro ("EUR") and the Brazilian real ("BRL"). The cumulative translation adjustment loss for the nine months ended September 30, 2019 was primarily driven by strengthening of the USD against the BRL, EUR, and the South African Rand (“ZAR”).

Other Comprehensive (Loss) Income
(In millions)
Three Months Ended
September 30,
Nine Months Ended
September 30,
 
2019
2018
2019
2018
Derivative instruments
$
1

$
1

$
(6
)
$
2

Pension benefit plans - net

(2
)
4

(4
)
Other benefit plans - net


29


Provision for (benefit from) income taxes related to other comprehensive income (loss) items
$
1

$
(1
)
$
27

$
(2
)



Reclassification out of Accumulated Other Comprehensive (Loss) Income [Table Text Block]
(In millions)
Three Months Ended
September 30,
Nine Months Ended
September 30,
Income Classification
 
2019
2018
2019
2018
Derivative Instruments:
$
1

$
1

$
13

$
(6
)
(1)
Tax (benefit) expense

(1
)
(1
)
1

(2)
After-tax
$
1

$

$
12

$
(5
)
 
Amortization of pension benefit plans:
 
 
 
 
 
  Actuarial losses
$
1

2

$
2

1

(3)
  Settlement loss (gain)
1

(1
)
2

(2
)
(3)
Total before tax
2

1

4

(1
)
 
Tax benefit

(1
)

(1
)
(2)
After-tax
$
2

$

$
4

$
(2
)
 
Amortization of other benefit plans:
 
 
 
 
 
  Actuarial gain


(1
)

(3)
Total before tax


(1
)

 
Tax benefit




(2)
After-tax
$

$

$
(1
)
$

 
Total reclassifications for the period, after-tax
$
3

$

$
15

$
(7
)
 
1. 
Cost of goods sold.
2. 
(Benefit from) provision for income taxes from continuing operations.
3. 
These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit (credit) cost of the company's pension and other benefit plans. See Note 20 - Pension Plans and Other Post Employment Benefits, for additional information.