Accumulated Other Comprehensive Loss (Notes)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and nine months ended September 30, 2021 and 2020 were as follows:

Accumulated Other Comprehensive Loss	Three Months Ended				Nine Months Ended
In millions	Sep 30, 2021		Sep 30, 2020		Sep 30, 2021		Sep 30, 2020
Unrealized Gains (Losses) on Investments
Beginning balance	$	72	$	40	$	104	$	64
Unrealized gains (losses) on investments	(10)		35		(25)		39
Tax (expense) benefit	3		(8)		5		(10)
Net unrealized gains (losses) on investments	(7)		27		(20)		29
(Gains) losses reclassified from AOCL to net income 1	(8)		(25)		(33)		(59)
Tax expense (benefit) 2	2		6		8		14
Net (gains) losses reclassified from AOCL to net income	(6)		(19)		(25)		(45)
Other comprehensive income (loss), net of tax	(13)		8		(45)		(16)
Ending balance	$	59	$	48	$	59	$	48
Cumulative Translation Adjustment
Beginning balance	$	(1,118)	$	(1,235)	$	(930)	$	(1,135)
Gains (losses) on foreign currency translation	(148)		116		(298)		18
Tax (expense) benefit	(8)		4		(43)		18
Net gains (losses) on foreign currency translation	(156)		120		(341)		36
(Gains) losses reclassified from AOCL to net income 3	(1)		(29)		(4)		(45)
Other comprehensive income (loss), net of tax	(157)		91		(345)		(9)
Ending balance	$	(1,275)	$	(1,144)	$	(1,275)	$	(1,144)
Pension and Other Postretirement Benefits
Beginning balance	$	(8,276)	$	(8,498)	$	(9,559)	$	(8,781)
Gains (losses) arising during the period 4	2		2		1,270		2
Tax (expense) benefit	—		—		(298)		—
Net gains (losses) arising during the period	2		2		972		2
Amortization and recognition of net loss and prior service credits 5	191		188		583		557
Tax expense (benefit) 2	(44)		(43)		(123)		(129)
Net loss and prior service credits reclassified from AOCL to net income	147		145		460		428
Other comprehensive income (loss), net of tax	149		147		1,432		430
Ending balance	$	(8,127)	$	(8,351)	$	(8,127)	$	(8,351)
Derivative Instruments
Beginning balance	$	(354)	$	(532)	$	(470)	$	(394)
Gains (losses) on derivative instruments	55		45		167		(114)
Tax (expense) benefit	(9)		(10)		(10)		(2)
Net gains (losses) on derivative instruments	46		35		157		(116)
(Gains) losses reclassified from AOCL to net income 6	(16)		5		(10)		24
Tax expense (benefit) 2	2		(2)		1		(8)
Net (gains) losses reclassified from AOCL to net income	(14)		3		(9)		16
Other comprehensive income (loss), net of tax	32		38		148		(100)
Ending balance	$	(322)	$	(494)	$	(322)	$	(494)
Total AOCL ending balance	$	(9,665)	$	(9,941)	$	(9,665)	$	(9,941)

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

2.Reclassified to "Provision for income taxes."

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

4.See Note 16 for additional information.

5.These AOCL components are included in the computation of net periodic benefit cost of the Company's defined benefit pension and other postretirement benefit plans. See Note 16 for additional information.

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