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Supplementary Information (Tables)
9 Months Ended
Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Nonoperating Income (Expense)
Other Income - NetThree Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2020201920202019
Interest income$11 $13 $38 $46 
Equity in losses of affiliates - net— (3)(3)(8)
Net gain (loss) on sales of businesses and other assets1
(29)(9)
Net exchange losses2
(67)(11)(127)(70)
Non-operating pension and other post employment benefit credit3
93 47 275 144 
Miscellaneous income (expenses) - net4
(8)11 (34)(13)
Other income - net$30 $59 $120 $90 
 
1.The nine months ended September 30, 2020 includes a loss of $(53) million relating to the expected sale of the La Porte site, for which the company signed an agreement in 2020. The nine months ended September 30, 2019 includes a loss of $(24) million relating to DAS’s sale of a joint venture related to synergy actions.
2.Includes net pre-tax exchange losses of $(26) million and $(56) million for the three and nine months ended September 30, 2020, respectively, and $(33) million and $(42) million for the three and nine months ended September 30, 2019, respectively, associated with the devaluation of the Argentine peso.
3.Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized (gain) loss, amortization of prior service benefit and settlement (loss) gain).
4.Miscellaneous income (expenses) - net, includes losses related to loss on sale of receivables, bank charges and other items.
Foreign Currency Exchange Gain (Loss)
(In millions)Three Months Ended
September 30,
Nine Months Ended
September 30,
2020201920202019
Subsidiary Monetary Position (Losses) Gains
Pre-tax exchange losses1
$(61)$(66)$(300)$(59)
Local tax benefits (expenses) 16 44 (2)
Net after-tax impact from subsidiary exchange losses$(45)$(65)$(256)$(61)
Hedging Program (Losses) Gains
Pre-tax exchange (losses) gains$(6)$55 $173 $(11)
Tax benefits (expenses)(13)(41)
Net after-tax impact from hedging program exchange (losses) gains$(4)$42 $132 $(9)
Total Exchange (Losses) Gains
Pre-tax exchange losses1
$(67)$(11)$(127)$(70)
Tax benefits (expenses)18 (12)— 
Net after-tax exchange losses$(49)$(23)$(124)$(70)
1.Includes net pre-tax exchange losses of $(26) million and $(56) million for the three and nine months ended September 30, 2020, respectively, and $(33) million and $(42) million for the three and nine months ended September 30, 2019, respectively, associated with the devaluation of the Argentine peso.
Restrictions on Cash and Cash Equivalents
(In millions)September 30, 2020December 31, 2019September 30, 2019
Cash and cash equivalents$2,768 $1,764 $1,980 
Restricted cash354 409 420 
Total cash, cash equivalents and restricted cash$3,122 $2,173 $2,400