OTHER COMPREHENSIVE INCOME (Note)

6 Months Ended

Jun. 30, 2021

Other Comprehensive Income [Note Text Block]

The following table presents changes in accumulated other comprehensive income (AOCI) for the three months and six months ended June 30, 2021 and 2020:


	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2021		2020		2021		2020
Defined Benefit Pension and Postretirement Adjustments
Balance at beginning of period	$	(1,846)	$	(2,231)	$	(1,880)	$	(2,277)
Amounts reclassified from accumulated other comprehensive income	37		39		71		85
Balance at end of period	(1,809)		(2,192)		(1,809)		(2,192)
Change in Cumulative Foreign Currency Translation Adjustments
Balance at beginning of period	(2,599)		(3,008)		(2,457)		(2,465)
Other comprehensive income (loss) before reclassifications	172		57		29		(487)
Amounts reclassified from accumulated other comprehensive income	140		—		140		—
Other comprehensive income (loss) attributable to noncontrolling interest	1		1		2		2
Balance at end of period	(2,286)		(2,950)		(2,286)		(2,950)
Net Gains and Losses on Cash Flow Hedging Derivatives
Balance at beginning of period	(8)		(16)		(5)		3
Other comprehensive income (loss) before reclassifications	13		—		7		(30)

Amounts reclassified from accumulated other comprehensive income	(4)		9		(1)		20
Balance at end of period	1		(7)		1		(7)
Total Accumulated Other Comprehensive Income (Loss) at End of Period	$	(4,094)	$	(5,149)	$	(4,094)	$	(5,149)

The following table presents details of the reclassifications out of AOCI for the three months and six months ended June 30, 2021 and 2020:


In millions:	Amount Reclassified from Accumulated Other Comprehensive Income									Location of Amount Reclassified from AOCI
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Defined benefit pension and postretirement items:
Prior-service costs	$	(6)	$	(5)	$	(12)	$	(10)	(a)	Non-operating pension expense
Actuarial gains (losses)	(42)		(47)		(82)		(103)		(a)	Non-operating pension expense
Total pre-tax amount	(48)		(52)		(94)		(113)
Tax (expense) benefit	11		13		23		28
Total, net of tax	(37)		(39)		(71)		(85)

Change in cumulative foreign currency translation adjustments:
Business acquisitions/divestitures	(140)		—		(140)		—			Net (gains) losses on sales and impairments of businesses and Cost of products sold
Tax (expense) benefit	—		—		—		—
Net of tax	(140)		—		(140)		—

Net gains and losses on cash flow hedging derivatives:
Foreign exchange contracts	6		(14)		2		(31)		(b)	Cost of products sold
Total pre-tax amount	6		(14)		2		(31)
Tax (expense)/benefit	(2)		5		(1)		11
Net of tax	4		(9)		1		(20)


Total reclassifications for the period	$	(173)	$	(48)	$	(210)	$	(105)

(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).