OTHER COMPREHENSIVE INCOME (Tables)

9 Months Ended

Sep. 30, 2020

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

The following table presents changes in accumulated other comprehensive income (AOCI) for the three months and nine months ended September 30, 2020 and 2019:


	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2020		2019		2020		2019
Defined Benefit Pension and Postretirement Adjustments
Balance at beginning of period	$	(2,192)	$	(2,362)	$	(2,277)	$	(1,916)
Reclassification of stranded tax effects	—		—		—		(527)
Amounts reclassified from accumulated other comprehensive income	43		41		128		122
Balance at end of period	(2,149)		(2,321)		(2,149)		(2,321)
Change in Cumulative Foreign Currency Translation Adjustments
Balance at beginning of period	(2,950)		(2,508)		(2,465)		(2,581)
Other comprehensive income (loss) before reclassifications	(28)		(179)		(515)		(110)
Amounts reclassified from accumulated other comprehensive income	—		—		—		4
Other comprehensive income (loss) attributable to noncontrolling interest	—		—		2		—
Balance at end of period	(2,978)		(2,687)		(2,978)		(2,687)
Net Gains and Losses on Cash Flow Hedging Derivatives
Balance at beginning of period	(7)		—		3		(3)
Other comprehensive income (loss) before reclassifications	(4)		(10)		(34)		(6)
Reclassification of stranded tax effects	—		—		—		(2)
Amounts reclassified from accumulated other comprehensive income	6		4		26		5
Balance at end of period	(5)		(6)		(5)		(6)
Total Accumulated Other Comprehensive Income (Loss) at End of Period	$	(5,132)	$	(5,014)	$	(5,132)	$	(5,014)

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

The following table presents details of the reclassifications out of AOCI for the three months and nine months ended September 30, 2020 and 2019:


In millions:	Amounts Reclassified from Accumulated Other Comprehensive Income									Location of Amount Reclassified from AOCI
	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Defined benefit pension and postretirement items:
Prior-service costs	$	(5)	$	(4)	$	(15)	$	(10)	(a)	Non-operating pension expense
Actuarial gains (losses)	(52)		(50)		(155)		(152)		(a)	Non-operating pension expense
Total pre-tax amount	(57)		(54)		(170)		(162)
Tax (expense) benefit	14		13		42		40
Net of tax	(43)		(41)		(128)		(122)
Reclassification of stranded tax effects	—		—		—		527			Retained Earnings
Total, net of tax	(43)		(41)		(128)		405

Change in cumulative foreign currency translation adjustments:
Business acquisitions/divestitures	—		—		—		(4)			Cost of products sold
Tax (expense) benefit	—		—		—		—
Net of tax	—		—		—		(4)

Net gains and losses on cash flow hedging derivatives:
Foreign exchange contracts	(8)		(6)		(39)		(7)		(b)	Cost of products sold
Total pre-tax amount	(8)		(6)		(39)		(7)
Tax (expense)/benefit	2		2		13		2
Net of tax	(6)		(4)		(26)		(5)
Reclassification of stranded tax effects	—		—		—		2			Retained Earnings
Total, net of tax	(6)		(4)		(26)		(3)
Total reclassifications for the period	$	(49)	$	(45)	$	(154)	$	398

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 19 for additional details).

(b)This accumulated other comprehensive income component is included in our derivatives and hedging activities (see Note 18 for additional details).