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Consolidated Statements of Shareholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Other Operating Income (Expense)
Common Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Accounting Standards Update 2016-13 [Member]
Retained Earnings
Accounting Standards Update 2016-13 [Member]
Balance at Dec. 31, 2019 $ (8,016)   $ 0 $ (7,628) $ (388)    
Balance (in shares) at Dec. 31, 2019     300,000        
Net Income 904     904      
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature - including noncontrolling interest (net of tax impact) 39       39    
Pension and post-retirement benefit plans (net of tax impact) 8       8    
Pension and post-retirement benefit plans (tax impact) 2            
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (70)       (70)    
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax (23)            
Comprehensive income - including noncontrolling interests 881            
Dividends declared (569)     (569)      
Repurchase of shares of Common Stock $ (250) [1]   $ (71) (179)      
Repurchase of shares of Common Stock (in shares) (2,419) [1]   (2,000)        
Employee stock option and SARs exercises (includes tax impact) $ 41   $ 41        
Employee stock option and SARs exercises (in shares)     2,000        
Compensation-related events (includes tax impact) 112   $ 112        
Balance at Dec. 31, 2020 (7,891)   $ 0 (7,480) (411)    
Balance (in shares) at Dec. 31, 2020     300,000        
Stockholders' Equity Attributable to Parent             $ (8)
Accumulated Deficit           $ 8  
Net Income 1,575     1,575      
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature - including noncontrolling interest (net of tax impact) (24)       (24)    
Pension and post-retirement benefit plans (net of tax impact) 62       62    
Pension and post-retirement benefit plans (tax impact) 19            
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 48       48    
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax 14            
Comprehensive income - including noncontrolling interests 1,661            
Dividends declared (594)     (594)      
Repurchase of shares of Common Stock $ (1,580) [1]   $ (31) (1,549)      
Repurchase of shares of Common Stock (in shares) (12,981) [1]   (13,000)        
Employee stock option and SARs exercises (includes tax impact) $ 50   $ 50        
Employee stock option and SARs exercises (in shares)     2,000        
Compensation-related events (includes tax impact) 81   $ 81        
Balance at Dec. 31, 2021 (8,373)   $ 0 (8,048) (325)    
Balance (in shares) at Dec. 31, 2021     289,000        
Costs Associated with Resource Optimization Initiative   $ 2          
Investment Income, Nonoperating 87            
Accumulated Deficit 8,048            
Net Income 1,325     1,325      
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature - including noncontrolling interest (net of tax impact) (84)       (84)    
Pension and post-retirement benefit plans (net of tax impact) (60)       (60)    
Pension and post-retirement benefit plans (tax impact) (21)            
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 100       100    
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax 33            
Comprehensive income - including noncontrolling interests 1,281            
Dividends declared (653)     (653)      
Repurchase of shares of Common Stock $ (1,200) [1]   $ (69) (1,131)      
Repurchase of shares of Common Stock (in shares) (10,083) [1]   (10,000)        
Employee stock option and SARs exercises (includes tax impact) $ 31   $ 31        
Employee stock option and SARs exercises (in shares)     1,000        
Compensation-related events (includes tax impact) 100   $ 100        
Balance at Dec. 31, 2022 (8,876)   $ 0 $ (8,507) $ (369)    
Balance (in shares) at Dec. 31, 2022     280,000        
Costs Associated with Resource Optimization Initiative   $ 1          
Investment Income, Nonoperating 11            
Accumulated Deficit $ 8,507            
[1] 2021 amount excludes and 2020 amount includes the effect of $11 million in share repurchases (0.1 million shares) with trade dates on, or prior to, December 31, 2020, but settlement dates subsequent to December 31, 2020.