Other Comprehensive Income (Note)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Other Comprehensive Income [Note Text Block]

NOTE 5 OTHER COMPREHENSIVE INCOME

The following table presents changes in AOCI, net of tax, reported in the consolidated financial statements for the years ended December 31:

In millions	2021		2020		2019
Defined Benefit Pension and Postretirement Adjustments
Balance at beginning of period	$	(1,880)	$	(2,277)	$	(1,916)
Other comprehensive income (loss) before reclassifications	713		227		2
Reclassification of stranded tax effects	—		—		(527)
Reclassification related to Sylvamo Corporation spin-off	80		—		—
Amounts reclassified from accumulated other comprehensive income	125		170		164
Balance at end of period	(962)		(1,880)		(2,277)
Change in Cumulative Foreign Currency Translation Adjustments
Balance at beginning of period	(2,457)		(2,465)		(2,581)
Other comprehensive income (loss) before reclassifications	(115)		(319)		14
Reclassification related to Sylvamo Corporation spin-off	1,692		—		—
Amounts reclassified from accumulated other comprehensive income	184		327		102
Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest	2		—		—
Balance at end of period	(694)		(2,457)		(2,465)
Net Gains and Losses on Cash Flow Hedging Derivatives
Balance at beginning of period	(5)		3		(3)
Other comprehensive income (loss) before reclassifications	3		(34)		4
Reclassification of stranded tax effects	—		—		(2)
Reclassification related to Sylvamo Corporation spin-off	1		—		—
Amounts reclassified from accumulated other comprehensive income	(9)		26		4
Balance at end of period	(10)		(5)		3
Total Accumulated Other Comprehensive Income (Loss) at End of Period	$	(1,666)	$	(4,342)	$	(4,739)

Reclassifications out of AOCI for the three years ended December 31 were as follows:

	Amount Reclassified from Accumulated Other Comprehensive Income							Location of Amount Reclassified from AOCI
	2021		2020		2019
In millions
Defined benefit pension and postretirement items:
Prior-service costs	$	(20)	$	(19)	$	(10)	(a)	Non-operating pension expense
Actuarial gains/(losses)	(146)		(207)		(208)		(a)	Non-operating pension expense
Total pre-tax amount	(166)		(226)		(218)
Tax (expense)/benefit	41		56		54
Net of tax	(125)		(170)		(164)
Reclassification of stranded tax effects	—		—		527			Retained Earnings
Reclassification related to Sylvamo Corporation spin-off	(80)		—		—			Paid-in Capital
Total, net of tax	(205)		(170)		363
Change in cumulative foreign currency translation adjustments:
Business acquisitions/divestiture	(184)		(327)		(102)			Net (gains) losses on sales and impairment of businesses and Discontinued operations, net of taxes
Tax (expense)/benefit	—		—		—
Net of tax	(184)		(327)		(102)
Reclassification related to Sylvamo Corporation spin-off	(1,692)		—		—			Paid-in Capital
Total, net of tax	(1,876)		(327)		(102)
Net gains and losses on cash flow hedging derivatives:
Cash flow hedges	11		(39)		(6)		(b)	Cost of products sold and Discontinued operations, net of taxes
Total pre-tax amount	11		(39)		(6)
Tax (expense)/benefit	(2)		13		2
Net of tax	9		(26)		(4)
Reclassification of stranded tax effects	—		—		2			Retained Earnings
Reclassification related to Sylvamo Corporation spin-off	(1)		—		—			Paid-in Capital
Total, net of tax	8		(26)		(2)
Total reclassifications for the period, net of tax	$	(2,073)	$	(523)	$	259

(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 17 for additional details).