Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Reconciliation of Common Stock Share Activity

Shares of common stock	Issued
Balance June 1, 2019	748,815,000
Issued	586,000
Repurchased and retired	(824,000)
Balance December 31, 2019	748,577,000
Issued	3,384,000
Repurchased and retired	(8,503,000)
Balance December 31, 2020	743,458,000

Schedule of Noncontrolling Interests Represented by Preferred Stock [Table Text Block]

(Shares in thousands)	Number of Shares
Authorized	23,000
$4.50 Series, callable at $120	1,673
$3.50 Series, callable at $102	700

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

(In millions)	Cumulative Translation Adjustment1		Derivative Instruments		Pension Benefit Plans		Other Benefit Plans		Unrealized Gain (Loss) on Investments2		Total
2018
Balance January 1, 2018	$	(1,217)	$	(2)	$	95	$	(53)	$	—	$	(1,177)
Other comprehensive (loss) income before reclassifications	(1,576)		(19)		(724)		132		—		(2,187)
Amounts reclassified from accumulated other comprehensive income	—		(5)		9		—		—		4
Net other comprehensive (loss) income	(1,576)		(24)		(715)		132		—		(2,183)
Balance December 31, 2018	$	(2,793)	$	(26)	$	(620)	$	79	$	—	$	(3,360)
2019
Other comprehensive (loss) income before reclassifications	$	(274)	$	16	$	(723)	$	(159)	$	—	$	(1,140)
Amounts reclassified from accumulated other comprehensive loss	—		12		5		(1)		—		16
Net other comprehensive (loss) income	(274)		28		(718)		(160)		—		(1,124)
Impact of Internal Reorganizations	1,123		—		91		—		—		1,214
Balance December 31, 2019	$	(1,944)	$	2	$	(1,247)	$	(81)	$	—	$	(3,270)
2020
Other comprehensive (loss) income before reclassifications	$	(26)	$	(81)	$	(191)	$	670	$	(10)	$	362
Amounts reclassified from accumulated other comprehensive loss	—		12		5		1		—		18
Net other comprehensive (loss) income	(26)		(69)		(186)		671		(10)		380
Balance December 31, 2020	$	(1,970)	$	(67)	$	(1,433)	$	590	$	(10)	$	(2,890)

1.The cumulative translation adjustment losses for the year ended December 31, 2020 was primarily driven by the strengthening of the U.S. Dollar ("USD") against the Brazilian Real ("BRL"), partially offset by the weakening of the U.S. Dollar against the Swiss franc ("CHF") and European Euro ("EUR"). The cumulative translation adjustment losses for the years ended December 31, 2019 and 2018 were primarily driven by the strengthening of the U.S. Dollar against the Brazilian Real and European Euro.

2.The unrealized loss on securities during the year ended December 31, 2020 is due to the remeasurement of USD denominated marketable securities held by certain foreign entities at December 31, 2020 with a corresponding offset to cumulative translation adjustment.

Other Comprehensive Income (Loss)

	For the Year Ended December 31,
(In millions)	2020		2019		2018
Derivative instruments	$	24	$	(8)	$	6
Pension benefit plans - net	54		231		199
Other benefit plans - net	(211)		52		(40)
Benefit from (provision for) income taxes related to other comprehensive income (loss) items	$	(133)	$	275	$	165

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

(In millions)	For the Year Ended December 31,
	2020		2019		2018
Derivative Instruments1:	$	18	$	13	$	(6)
Tax (benefit) expense2	(6)		(1)		1
After-tax	$	12	$	12	$	(5)
Amortization of pension benefit plans:
Prior service benefit3,4	(1)		(1)		—
Actuarial losses (gains)3,4,5	$	4	$	2	$	6
Curtailment loss3,4,5	—		—		7
Settlement loss (gain)3,4,5	3		4		(2)
Total before tax	6		5		11
Tax (benefit) expense2	(1)		—		(2)
After-tax	$	5	$	5	$	9
Amortization of other benefit plans:
Prior service benefit3,4	$	—	$	—	$	—
Actuarial (gains) losses3,4	1		(1)		—
Total before tax	1		(1)		—
Tax benefit2	—		—		—
After-tax	$	1	$	(1)	$	—
Total reclassifications for the period, after-tax	$	18	$	16	$	4

1.Reflected in cost of goods sold.

2.Reflected in benefit from income taxes from continuing operations.

3.These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit (credit) cost of the company's pension and other benefit plans. See Note 20 - Pension Plans and Other Post Employment Benefits, to the Consolidated Financial Statements, for additional information.

4.Reflected in other income (expense) - net.

5.A portion reflected in (Loss) income from discontinued operations after income taxes for the years ended December 31, 2019 and 2018.