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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
[1]
Dec. 31, 2018
[1]
Statement of Comprehensive Income [Abstract]      
Net earnings $ 3,167 $ 3,484 $ 3,345
Gains on cash flow hedges 366 97 36
Foreign currency translation adjustments 353 186 (300)
Change in retirement plans’ funded status (453) (857) (45)
Other comprehensive income (loss), pretax 266 (574) (309)
Benefit for income tax, net 2 156 1
Other comprehensive income (loss), net of tax 268 (418) [2] (308) [2]
Comprehensive income $ 3,435 $ 3,066 $ 3,037
[1] *Prior-period information has been restated for the retrospective application of a change in accounting principle related to the amortization of actuarial gains and losses for our qualified U.S. government pension plans, which we adopted in the fourth quarter of 2020. For further discussion of this change in accounting principle, see Note T to the Consolidated Financial Statements.
[2] Prior-period information has been restated for the retrospective application of a change in accounting principle related to the amortization of actuarial gains and losses for our qualified U.S. government pension plans, which we adopted in the fourth quarter of 2020. For further discussion of this change in accounting principle, see Note T to the Consolidated Financial Statements.