Supplementary Information (Tables)

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Nonoperating Income (Expense)

Other Income (Expense) - Net	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2023		2022		2023		2022
Interest income	$	59	$	36	$	153	$	75
Equity in earnings (losses) of affiliates - net	(2)		(1)		4		13
Net gain (loss) on sales of businesses and other assets	10		16		11		17
Net exchange gains (losses)1	(102)		(13)		(242)		(96)
Non-operating pension and other post employment benefit credit (costs)2	(30)		22		(91)		170
Miscellaneous income (expenses) - net3	(84)		(37)		(189)		(90)
Other income (expense) - net	$	(149)	$	23	$	(354)	$	89

1.Includes net pre-tax exchange gains (losses) associated with the devaluation of the Argentine peso of $(83) million and $(150) million for the three and nine months ended September 30, 2023, respectively, and $(32) million and $(65) million for the three and nine months ended September 30, 2022, respectively.

2.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 gain (loss).

3.Includes estimated settlement reserves, losses on sales of receivables, and other items. The nine months ended September 30, 2023 also includes an adjustment to the Employee Retention Credit pursuant to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act as enhanced by the Consolidated Appropriations Act (“CAA”) and American Rescue Plan Act (“ARPA”) due to a change in estimate, gains on the sale of assets and a loss on the sale of the company’s interest in an equity investment. The three and nine months ended September 30, 2022 also includes settlement costs associated with the Russia Exit and an Employee Retention Credit. The nine months ended September 30, 2022 also includes loss on the sale of the company’s interest in an equity investment and losses associated with a previously held equity investment.

Foreign Currency Exchange Gain (Loss)

(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	(104)	$	(80)	$	(182)	$	(120)
Local tax (expenses) benefits	19		(40)		27		(61)
Net after-tax impact from subsidiary exchange gain (loss)	$	(85)	$	(120)	$	(155)	$	(181)
Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	2	$	67	$	(60)	$	24
Tax (expenses) benefits	(4)		(15)		12		(5)
Net after-tax impact from hedging program exchange gain (loss)	$	(2)	$	52	$	(48)	$	19
Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(102)	$	(13)	$	(242)	$	(96)
Tax (expenses) benefits	15		(55)		39		(66)
Net after-tax exchange gain (loss)	$	(87)	$	(68)	$	(203)	$	(162)

Restrictions on Cash and Cash Equivalents

(In millions)	September 30, 2023		December 31, 2022		September 30, 2022
Cash and cash equivalents	$	2,254	$	3,191	$	2,199
Restricted cash equivalents	522		427		420
Total cash, cash equivalents and restricted cash equivalents	$	2,776	$	3,618	$	2,619