Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note 5 — Accumulated Other Comprehensive Income (Loss)

The components of the changes in accumulated other comprehensive income (loss) from continuing operations, net of income taxes, are as follows:

					Cumulative
					Gains (Losses)
	Cumulative		Net Actuarial		on Derivative
	Foreign		(Losses) and		Instruments
	Currency		Prior Service		Designated as
	Translation		(Costs) and		Cash Flow
(in millions)	Adjustments		Credits		Hedges		Total
Balance at December 31, 2019	$	(4,924)	$	(3,540)	$	(1)	$	(8,465)
Other comprehensive income (loss) before reclassifications		65		(523)		(140)		(598)
(Income) loss amounts reclassified from accumulated other comprehensive income (a)		—		192		(75)		117
Net current period other comprehensive income (loss)		65		(331)		(215)		(481)
Balance at December 31, 2020		(4,859)		(3,871)		(216)		(8,946)
Other comprehensive income (loss) before reclassifications		(980)		954		137		111
(Income) loss amounts reclassified from accumulated other comprehensive income (a)		—		247		214		461
Net current period other comprehensive income (loss)		(980)		1,201		351		572
Balance at December 31, 2021	$	(5,839)	$	(2,670)	$	135	$	(8,374)

(a) (Income) loss amounts reclassified from accumulated other comprehensive income related to cash flow hedges are recorded as Cost of products sold. Net actuarial losses and prior service cost is included as a component of net periodic benefit cost – see Note 13 for additional information.