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SHAREHOLDERS' INTEREST (Tables)
12 Months Ended
Dec. 31, 2021
Stockholders Equity Note [Abstract]  
Reconciliation of Our Common Share Activity

Reconciliation of Our Common Share Activity

 

SHARES IN THOUSANDS

 

 

 

2021

 

 

2020

 

 

2019

 

Outstanding at beginning of year

 

 

747,385

 

 

 

745,300

 

 

 

746,391

 

Stock options exercised

 

 

1,849

 

 

 

1,441

 

 

 

660

 

Issued for vested restricted stock units

 

 

635

 

 

 

574

 

 

 

480

 

Issued for vested performance share units

 

 

162

 

 

 

70

 

 

 

118

 

Repurchased

 

 

(2,730

)

 

 

 

 

 

(2,349

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at end of year

 

 

747,301

 

 

 

747,385

 

 

 

745,300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in Amounts Included in Our Accumulated Other Comprehensive Loss

Changes in amounts included in our accumulated other comprehensive loss by component are:

 

DOLLAR AMOUNTS IN MILLIONS

 

 

 

2021

 

 

2020

 

 

2019

 

Pension(1)

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

(1,064

)

 

$

(1,128

)

 

$

(1,343

)

Other comprehensive income (loss) before reclassifications

 

 

254

 

 

 

(223

)

 

 

(216

)

Amounts reclassified from accumulated other comprehensive income (loss) to earnings(2)(3)

 

 

90

 

 

 

287

 

 

 

431

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other comprehensive income

 

 

344

 

 

 

64

 

 

 

215

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at end of period

 

 

(720

)

 

 

(1,064

)

 

 

(1,128

)

Other post-employment benefits(1)

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

 

(12

)

 

 

(12

)

 

 

(19

)

Other comprehensive income (loss) before reclassifications

 

 

6

 

 

 

(3

)

 

 

6

 

Amounts reclassified from accumulated other comprehensive income (loss) to earnings(2)

 

 

4

 

 

 

3

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other comprehensive income

 

 

10

 

 

 

 

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at end of period

 

 

(2

)

 

 

(12

)

 

 

(12

)

Translation adjustments and other

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

 

254

 

 

 

236

 

 

 

210

 

Translation adjustments

 

 

(11

)

 

 

18

 

 

 

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other comprehensive income (loss)

 

 

(11

)

 

 

18

 

 

 

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at end of period

 

 

243

 

 

 

254

 

 

 

236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive loss, end of period

 

$

(479

)

 

$

(822

)

 

$

(904

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Amounts are presented net of tax.

(2)

Amounts of actuarial loss and prior service (cost) credit are components of net periodic benefit cost (credit). See Note 9: Pension and Other Post-Employment Benefit Plans.

(3)

Amounts include settlement charges totaling $253 million and $455 million related to our pension plans for the years ended December 31, 2020 and December 31, 2019, respectively. There were no settlement charges related to our pension plans for the year ended December 31, 2021. See Note 9: Pension and Other Post-Employment Benefit Plans for further detail.