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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net Income $ 391 $ 206 $ 717 $ 289
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature        
Adjustments and gains (losses) arising during the period 14 68 17 (34)
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax 14 68 17 (34)
Tax (expense) benefit 0 0 0 0
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax 14 68 17 (34)
Changes in pension and post-retirement benefits        
Unrealized gains (losses) arising during period, before Tax 11 0 58 0
Reclassification of (gains) losses into Net Income 4 5 11 10
Changes in pension and post-retirement benefits, before Tax 15 5 69 10
Pension and post-retirement benefit plans, tax (4) (1) (17) (2)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax, Total 11 4 52 8
Changes in derivative instruments        
Unrealized gains (losses) arising during the period (8) (19) 16 (93)
Reclassification of (gains) losses into Net Income 4 4 8 (5)
Changes in derivative instruments, before Tax (4) (15) 24 (98)
Tax (expense) benefit 1 4 (6) 24
Changes in derivative instruments, net of tax (3) (11) 18 (74)
Other comprehensive income (loss), net of tax 22 61 87 (100)
Comprehensive Income (Loss) $ 413 $ 267 $ 804 $ 189