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Supplementary Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Other Nonoperating Income (Expense) |
Other Income (Expense) - Net | Three Months Ended March 31, |
(In millions) | 2023 | 2022 |  |
Interest income | $ | 40 |  | $ | 15 |  |  |
Equity in earnings (losses) of affiliates - net | 3 |  | 10 |  |  |
Net gain (loss) on sales of businesses and other assets | (1) |  | (3) |  |  |
Net exchange gains (losses)1 | (36) |  | (47) |  |  |
Non-operating pension and other post employment benefit credit (costs)2 | (31) |  | 75 |  |  |
Miscellaneous income (expenses) - net 3 | (46) |  | (33) |  |  |
Other income (expense) - net | $ | (71) |  | $ | 17 |  |  |
1.Includes net pre-tax exchange gains (losses) of $(21) million and $(15) million associated with the devaluation of the Argentine peso for the three months ended March 31, 2023 and 2022, respectively. 2.Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement gain (loss)). 3.Miscellaneous income (expenses) - net for the three months ended March 31, 2023 and 2022 includes estimated settlement reserves, gains on the sale of assets, a loss on the sale of the company’s interest in an equity investment, and other items. Additionally, the three months ended March 31, 2022 includes losses associated with a previously held equity investment.
Foreign Currency Exchange Gain (Loss) |
(In millions) | Three Months Ended March 31, |
| 2023 | 2022 |  |
Subsidiary Monetary Position Gain (Loss) |  |  |  |
Pre-tax exchange gain (loss) | $ | (30) |  | $ | 6 |  |  |
Local tax (expenses) benefits | 9 |  | (4) |  |  |
Net after-tax impact from subsidiary exchange gain (loss) | $ | (21) |  | $ | 2 |  |  |
Hedging Program Gain (Loss) |  |  |  |
Pre-tax exchange gain (loss) | $ | (6) |  | $ | (53) |  |  |
Tax (expenses) benefits | 2 |  | 13 |  |  |
Net after-tax impact from hedging program exchange gain (loss) | $ | (4) |  | $ | (40) |  |  |
Total Exchange Gain (Loss) |  |  |  |
Pre-tax exchange gain (loss) | $ | (36) |  | $ | (47) |  |  |
Tax (expenses) benefits | 11 |  | 9 |  |  |
Net after-tax exchange gain (loss) | $ | (25) |  | $ | (38) |  |  |
Restrictions on Cash and Cash Equivalents |
(In millions) | March 31, 2023 | December 31, 2022 | March 31, 2022
Cash and cash equivalents | $ | 1,646 |  | $ | 3,191 |  | $ | 2,031 |
Restricted cash equivalents | 422 |  | 427 |  | 354 |
Total cash, cash equivalents and restricted cash equivalents | $ | 2,068 |  | $ | 3,618 |  | $ | 2,385 |

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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 8 -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8 + Details
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