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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net Income $ 331 $ 528 $ 954 $ 1,245
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature        
Adjustments and gains (losses) arising during the period (55) (19) (99) (2)
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax (55) (19) (99) (2)
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 (55) (19) (99) (2)
Changes in pension and post-retirement benefits        
Unrealized gains (losses) arising during period, before Tax 20 3 20 61
Reclassification of (gains) losses into Net Income 5 5 14 16
Changes in pension and post-retirement benefits, before Tax 25 8 34 77
Pension and post-retirement benefit plans, tax (6) (2) (8) (19)
Pension and post-retirement benefit plans, net of tax 19 6 26 58
Changes in derivative instruments        
Unrealized gains (losses) arising during the period 42 1 114 17
Reclassification of (gains) losses into Net Income 1 7 19 15
Changes in derivative instruments 43 8 133 32
Changes in derivatives, Tax (11) (2) (33) (8)
Changes in derivatives, net of tax 32 6 100 24
Other comprehensive income (loss), net of tax (4) (7) 27 80
Comprehensive Income (Loss) $ 327 $ 521 $ 981 $ 1,325