XML 47 R24.htm IDEA: XBRL DOCUMENT v3.22.0.1
Accumulated other comprehensive income (loss)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss)
We present comprehensive income and its components in Statement 2. Changes in the balances for each component of Accumulated other comprehensive income (loss) were as follows:

(Millions of dollars)
202120202019
Foreign currency translation:
Beginning balance$(910)$(1,487)$(1,601)
Adjustments to adopt new accounting guidance related to reclassification of certain tax effects from AOCI— — 98 
Balance at January 1(910)(1,487)(1,503)
Gains (losses) on foreign currency translation(559)513 21 
Less: Tax provision /(benefit)41 (42)5 
Net gains (losses) on foreign currency translation(600)555 16 
(Gains) losses reclassified to earnings2 22 — 
Less: Tax provision /(benefit)— — — 
Net (gains) losses reclassified to earnings2 22 — 
Other comprehensive income (loss), net of tax(598)577 16 
Ending balance$(1,508)$(910)$(1,487)
Pension and other postretirement benefits
Beginning balance$(32)$(3)$12 
Adjustments to adopt new accounting guidance related to reclassification of certain tax effects from AOCI— — 19 
Balance at January 1(32)(3)31 
Current year prior service credit (cost)— (1)(4)
Less: Tax provision /(benefit)— — — 
Net current year prior service credit (cost)— (1)(4)
Amortization of prior service (credit) cost(40)(38)(40)
Less: Tax provision /(benefit)(10)(10)(10)
Net amortization of prior service (credit) cost(30)(28)(30)
Other comprehensive income (loss), net of tax(30)(29)(34)
Ending balance$(62)$(32)$(3)
Derivative financial instruments
Beginning balance$— $(97)$(80)
Adjustments to adopt new accounting guidance related to reclassification of certain tax effects from AOCI— — (9)
Balance at January 1— (97)(89)
Gains (losses) deferred195 (116)57 
Less: Tax provision /(benefit)21 (25)14 
Net gains (losses) deferred174 (91)43 
(Gains) losses reclassified to earnings(196)241 (66)
Less: Tax provision /(benefit)(19)53 (15)
Net (gains) losses reclassified to earnings(177)188 (51)
Other comprehensive income (loss), net of tax(3)97 (8)
Ending balance$(3)$— $(97)
2021
2020
2019
Available-for-sale securities
Beginning balance$54 $20 $(15)
Adjustments to adopt recognition and measurement of financial assets and liabilities guidance— — — 
Balance at January 154 20 (15)
Gains (losses) deferred(39)45 45 
Less: Tax provision /(benefit)(8)10 10 
Net gains (losses) deferred(31)35 35 
(Gains) losses reclassified to earnings(4)(1)— 
Less: Tax provision /(benefit)(1)— — 
Net (gains) losses reclassified to earnings(3)(1)— 
Other comprehensive income (loss), net of tax(34)34 35 
Ending balance$20 $54 $20 
Total AOCI Ending Balance at December 31$(1,553)$(888)$(1,567)