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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net Income $ 326 $ 83
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature    
Adjustments and gains (losses) arising during the period 3 (102)
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax 3 (102)
Tax (expense) benefit 0 0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax 3 (102)
Changes in pension and post-retirement benefits    
Unrealized gains (losses) arising during period, before Tax 47 0
Reclassification of (gains) losses into Net Income 7 5
Changes in pension and post-retirement benefits, before Tax 54 5
Tax (expense) benefit (13) (1)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax, Total 41 4
Changes in derivative instruments    
Unrealized gains (losses) arising during the period 24 (77)
Reclassification of (gains) losses into Net Income 4 (6)
Changes in derivative instruments, before Tax 28 (83)
Tax (expense) benefit (7) 20
Changes in derivative instruments, net of tax 21 (63)
Other comprehensive income (loss), net of tax 65 (161)
Comprehensive Income (Loss) $ 391 $ (78)