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Consolidated Statement of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Adjustments to adopt new accounting guidance
Adjusted beginning balance
Common stock
Common stock
Adjustments to adopt new accounting guidance
Common stock
Adjusted beginning balance
Treasury stock
Treasury stock
Adjustments to adopt new accounting guidance
Treasury stock
Adjusted beginning balance
Profit employed in the business
Profit employed in the business
Adjustments to adopt new accounting guidance
Profit employed in the business
Adjusted beginning balance
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss)
Adjustments to adopt new accounting guidance
Accumulated other comprehensive income (loss)
Adjusted beginning balance
Noncontrolling interests
Noncontrolling interests
Adjustments to adopt new accounting guidance
Noncontrolling interests
Adjusted beginning balance
Balance at Dec. 31, 2019 $ 14,629   $ 14,604 $ 5,935   $ 5,935 $ (24,217)   $ (24,217) $ 34,437   $ 34,412 $ (1,567)   $ (1,567) $ 41   $ 41
Balance (Credit losses) at Dec. 31, 2019 [1]   $ (25)     $ 0     $ 0     $ (25)     $ 0     $ 0  
Increase (Decrease) in Shareholders' Equity                                    
Profit of consolidated and affiliated companies 1,093     0     0     1,092     0     1    
Foreign currency translation (360)     0     0     0     (360)     0    
Pension and other post retirement benefits (7)     0     0     0     7     0    
Derivative financial instruments, net of tax (60)     0     0     0     (60)     0    
Available for sale securities (18)     0     0     0     (18)     0    
Common shares issued from treasury stock for stock-based compensation: 1,197,083 for 2020 and 2,459,683 for 2021 (23)     (62)     39     0     0     0    
Stock-based compensation expense, before tax (in dollars) 47     47     0     0     0     0    
Common shares repurchased: 9,328,184 in 2020 and 0 in 2021 [1] (1,163)     0     (1,163)     0     0     0    
Other 126     (126)     0     0     0     0    
Balance at Mar. 31, 2020 $ 14,239     6,046     (25,341)     35,504     (2,012)     42    
Increase (Decrease) in Shareholders' Equity                                    
Common shares issued from treasury stock for stock-based compensation (in shares) 1,197,083                                  
Common shares repurchased (in shares) 9,328,184                                  
Balance at Dec. 31, 2020 $ 15,378     6,230     (25,178)     35,167     (888)     47    
Increase (Decrease) in Shareholders' Equity                                    
Profit of consolidated and affiliated companies 1,531     0     0     1,530     0     1    
Foreign currency translation (347)     0     0     0     (347)     0    
Pension and other post retirement benefits (8)     0     0     0     8     0    
Derivative financial instruments, net of tax (31)     0     0     0     (31)     0    
Available for sale securities (16)     0     0     0     (16)     0    
Distribution to noncontrolling interests (2)     0     0     0     0     (2)    
Common shares issued from treasury stock for stock-based compensation: 1,197,083 for 2020 and 2,459,683 for 2021 65     (63)     128     0     0     0    
Stock-based compensation expense, before tax (in dollars) 42     42     0     0     0     0    
Other 5     6     1     0     0     (2)    
Balance at Mar. 31, 2021 $ 16,617     $ 6,215     $ (25,049)     $ 36,697     $ (1,290)     $ 44    
Increase (Decrease) in Shareholders' Equity                                    
Common shares issued from treasury stock for stock-based compensation (in shares) 2,459,683                                  
Common shares repurchased (in shares) 0                                  
[1] See Note 12 for additional information.