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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net Income $ 904 $ 1,294 $ 1,542
Adjustments and gains (losses) arising during the year 39 28 (94)
Reclassifications of adjustments and (gains) losses into Net Income 0 0 (4)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax 39 28 (98)
Tax (expense) benefit 0 (4) 6
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax 39 24 (92)
Unrealized gains (losses) arising during the year (8) (39) 32
Reclassification of (gains) losses into Net Income 18 10 22
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Unrealized Gains (Losses), before Tax 10 (29) 54
Pension and post-retirement benefit plans (tax impact) (2) 7 (13)
Pension and post-retirement benefit plans (net of tax impact) 8 (22) 41
Unrealized gains (losses) arising during the year (99) (51) 19
Reclassification of (gains) losses into Net Income 6 (25) (39)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax (93) (76) (20)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax (23) (20) (6)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (70) (56) (14)
Other Comprehensive Income (Loss), Net of Tax (23) (54) (65)
Comprehensive Income $ 881 $ 1,240 $ 1,477