NONCONTROLLING INTERESTS Noncontrolling Interests

6 Months Ended

Jun. 30, 2021

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, 2021 and 2020:


Noncontrolling Interests	Three Months Ended				Six Months Ended
In millions	Jun 30, 2021		Jun 30, 2020		Jun 30, 2021		Jun 30, 2020
Balance at beginning of period	$	560	$	555	$	570	$	553
Net income attributable to noncontrolling interests	31		8		46		27

Distributions to noncontrolling interests 1	(12)		(11)		(20)		(12)



Cumulative translation adjustments	1		8		(15)		(8)
Other	—		—		(1)		—
Balance at end of period	$	580	$	560	$	580	$	560

1.Distributions to noncontrolling interests are net of $8 million for the three and six months ended June 30, 2021 ($7 million for the three and six months ended June 30, 2020) in dividends paid to a joint venture, which were reclassified to "Equity in earnings (losses) of nonconsolidated affiliates" in the consolidated statements of income.