Accumulated Other Comprehensive Loss (Notes)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

The changes in each component of accumulated other comprehensive loss ("AOCL") for the three months ended March 31, 2023 and 2022 were as follows:

Accumulated Other Comprehensive Loss	Three Months Ended
In millions	Mar 31, 2023		Mar 31, 2022
Unrealized Gains (Losses) on Investments
Beginning balance	$	(253)	$	59
Unrealized gains (losses) on investments	30		(121)
Tax (expense) benefit	—		24
Net unrealized gains (losses) on investments	30		(97)
(Gains) losses reclassified from AOCL to net income (loss) 1	1		1
Tax expense (benefit) 2	—		—
Net (gains) losses reclassified from AOCL to net income (loss)	1		1
Other comprehensive income (loss), net of tax	31		(96)
Ending balance	$	(222)	$	(37)
Cumulative Translation Adjustment
Beginning balance	$	(1,934)	$	(1,355)
Gains (losses) on foreign currency translation	84		(165)
Tax (expense) benefit	2		13
Net gains (losses) on foreign currency translation	86		(152)
(Gains) losses reclassified from AOCL to net income (loss) 3	15		(12)
Other comprehensive income (loss), net of tax	101		(164)
Ending balance	$	(1,833)	$	(1,519)
Pension and Other Postretirement Benefits
Beginning balance	$	(4,877)	$	(7,334)
Gains (losses) arising during the period	2		2
Amortization of net loss and prior service credits reclassified from AOCL to net income (loss) 4	3		157
Tax expense (benefit) 2	1		(50)
Net loss and prior service credits reclassified from AOCL to net income (loss)	4		107
Other comprehensive income (loss), net of tax	6		109
Ending balance	$	(4,871)	$	(7,225)
Derivative Instruments
Beginning balance	$	(75)	$	(347)
Gains (losses) on derivative instruments	(183)		420
Tax (expense) benefit	33		(56)
Net gains (losses) on derivative instruments	(150)		364
(Gains) losses reclassified from AOCL to net income (loss) 5	109		(34)
Tax expense (benefit) 2	(23)		2
Net (gains) losses reclassified from AOCL to net income (loss)	86		(32)
Other comprehensive income (loss), net of tax	(64)		332
Ending balance	$	(139)	$	(15)
Total AOCL ending balance	$	(7,065)	$	(8,796)

1.Reclassified to "Net sales" and "Sundry income (expense) - net."

2.Reclassified to "Provision (credit) for income taxes."

3.Reclassified to "Sundry income (expense) - net."

4.These AOCL components are included in the computation of net periodic benefit cost (credit) of the Company's defined benefit pension and other postretirement benefit plans. See Note 12 for additional information.

5.Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."