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Supplementary Information
 3 Months Ended
Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information Disclosure [Text Block] SUPPLEMENTARY INFORMATION

Other Income - Net
Three Months Ended
March 31,
(In millions)
2020
2019
Interest income
$
18

$
16

Equity in losses of affiliates - net
(1
)
—

Net loss on sales of businesses and other assets1
(46
)
(13
)
Net exchange losses
(61
)
(27
)
Non-operating pension and other post employment benefit credit2
91

51

Miscellaneous income (expenses) - net
—

4

Other income - net
$
1

$
31

 
1.
Includes a loss of $(53) million relating to the expected sale of the La Porte site, for which the company signed an agreement during the three months ended March 31, 2020 and a loss of $(24) million relating to DAS’s sale of a joint venture related to synergy actions for the three months ended March 31, 2019.
2.
Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized (gain) loss, and settlement loss).


The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the U.S., whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in other income - net and the related tax impact is recorded in (benefit from) provision for income taxes on continuing operations in the Consolidated Statements of Operations.
(In millions)
Three Months Ended
March 31,
 
2020
2019
Subsidiary Monetary Position Losses
 
 
Pre-tax exchange losses
$
(226
)
$
(10
)
Local tax benefits (expenses)
23

(10
)
Net after-tax impact from subsidiary exchange losses
$
(203
)
$
(20
)
 
 
 
Hedging Program Gains (Losses)
 
 
Pre-tax exchange gains (losses)
$
165

$
(17
)
Tax (expenses) benefits
(40
)
4

Net after-tax impact from hedging program exchange gains (losses)
$
125

$
(13
)
 
 
 
Total Exchange Losses
 
 
Pre-tax exchange losses
$
(61
)
$
(27
)
Tax expenses
(17
)
(6
)
Net after-tax exchange losses
$
(78
)
$
(33
)


Cash, cash equivalents and restricted cash
The following table provides a reconciliation of cash and cash equivalents and restricted cash (included in other current assets) presented in the Condensed Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows.
(In millions)
March 31, 2020
December 31, 2019
March 31, 2019
Cash and cash equivalents
$
1,963

$
1,764

$
1,759

Restricted cash
377

409

438

Total cash, cash equivalents and restricted cash
2,340

2,173

2,197

Cash and cash equivalents of discontinued operations1
—

—

2,074

Restricted cash of discontinued operations2
—

—

42

Total cash, cash equivalents and restricted cash
$
2,340

$
2,173

$
4,313


1.
Refer to Note 3 - Divestitures and Other Transactions, for additional information.
2.
Amount included in other current assets within assets of discontinued operations - current. Refer to Note 3 - Divestitures and Other Transactions, for additional information.

EID entered into a trust agreement in 2013 (as amended and restated in 2017), establishing and requiring EID to fund a trust (the "Trust") for cash obligations under certain non-qualified benefit and deferred compensation plans upon a change in control event as defined in the Trust agreement. Under the Trust agreement, the consummation of the Merger was a change in control event. Restricted cash at March 31, 2020, December 31, 2019, and March 31, 2019 is related to the Trust.