NONCONTROLLING INTERESTS Noncontrolling Interests

6 Months Ended

Jun. 30, 2022

Noncontrolling Interest Disclosure [Text Block]

NONCONTROLLING INTERESTS

Ownership interests in the Company's subsidiaries held by parties other than the Company are presented separately from the Company's equity in the consolidated balance sheets as "Noncontrolling interests." The amount of consolidated net income attributable to the Company and the noncontrolling interests are both presented on the face of the consolidated statements of income.

The following table summarizes the activity for equity attributable to noncontrolling interests for the three and six months ended June 30, 2022 and 2021:


Noncontrolling Interests	Three Months Ended				Six Months Ended
In millions	Jun 30, 2022		Jun 30, 2021		Jun 30, 2022		Jun 30, 2021
Balance at beginning of period	$	545	$	560	$	574	$	570
Net income attributable to noncontrolling interests 1	20		31		3		46

Distributions to noncontrolling interests 2	(14)		(12)		(15)		(20)



Cumulative translation adjustments	(16)		1		(27)		(15)
Other	(1)		—		(1)		(1)
Balance at end of period	$	534	$	580	$	534	$	580

1.The six months ended June 30, 2022 includes the portion of asset related charges attributable to noncontrolling interests related to a joint venture in Russia. See Note 4 for additional information.

2.Distributions to noncontrolling interests are net of $7 million for the three and six months ended June 30, 2022 ($8 million for the three and six months ended June 30, 2021) in dividends paid to a joint venture, which were reclassified to "Equity in earnings of nonconsolidated affiliates" in the consolidated statements of income.