Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and nine months ended September 30, 2022 and 2021 were as follows:

Accumulated Other Comprehensive Loss	Three Months Ended				Nine Months Ended
In millions	Sep 30, 2022		Sep 30, 2021		Sep 30, 2022		Sep 30, 2021
Unrealized Gains (Losses) on Investments
Beginning balance	$	(190)	$	72	$	59	$	104
Unrealized gains (losses) on investments	(61)		(10)		(385)		(25)
Tax (expense) benefit	(55)		3		12		5
Net unrealized gains (losses) on investments	(116)		(7)		(373)		(20)
(Gains) losses reclassified from AOCL to net income 1	(8)		(8)		2		(33)
Tax expense (benefit) 2	2		2		—		8
Net (gains) losses reclassified from AOCL to net income	(6)		(6)		2		(25)
Other comprehensive income (loss), net of tax	(122)		(13)		(371)		(45)
Ending balance	$	(312)	$	59	$	(312)	$	59
Cumulative Translation Adjustment
Beginning balance	$	(2,033)	$	(1,118)	$	(1,355)	$	(930)
Gains (losses) on foreign currency translation	(369)		(148)		(1,034)		(298)
Tax (expense) benefit	(17)		(8)		(7)		(43)
Net gains (losses) on foreign currency translation	(386)		(156)		(1,041)		(341)
(Gains) losses reclassified from AOCL to net income 3	(17)		(1)		(40)		(4)
Other comprehensive income (loss), net of tax	(403)		(157)		(1,081)		(345)
Ending balance	$	(2,436)	$	(1,275)	$	(2,436)	$	(1,275)
Pension and Other Postretirement Benefits
Beginning balance	$	(7,103)	$	(8,276)	$	(7,334)	$	(9,559)
Gains (losses) arising during the period 4	6		2		11		1,270
Tax (expense) benefit	—		—		—		(298)
Net gains (losses) arising during the period	6		2		11		972
Amortization of net loss and prior service credits reclassified from AOCL to net income 5	155		191		468		583
Tax expense (benefit) 2	(36)		(44)		(123)		(123)
Net loss and prior service credits reclassified from AOCL to net income	119		147		345		460
Other comprehensive income (loss), net of tax	125		149		356		1,432
Ending balance	$	(6,978)	$	(8,127)	$	(6,978)	$	(8,127)
Derivative Instruments
Beginning balance	$	122	$	(354)	$	(347)	$	(470)
Gains (losses) on derivative instruments	122		55		802		167
Tax (expense) benefit	(31)		(9)		(114)		(10)
Net gains (losses) on derivative instruments	91		46		688		157
(Gains) losses reclassified from AOCL to net income 6	(80)		(16)		(222)		(10)
Tax expense (benefit) 2	11		2		25		1
Net (gains) losses reclassified from AOCL to net income	(69)		(14)		(197)		(9)
Other comprehensive income (loss), net of tax	22		32		491		148
Ending balance	$	144	$	(322)	$	144	$	(322)
Total AOCL ending balance	$	(9,582)	$	(9,665)	$	(9,582)	$	(9,665)

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.The 2021 impact relates to an interim remeasurement of U.S. pension plans due to the announced freeze of plan benefits in the first quarter of 2021.

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 17 for additional information.

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