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Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The changes, net of tax, in the balances of each component of Accumulated Other Comprehensive Income ("AOCI") for the three and six month periods ended June 30, 2021 and 2020, including amounts reclassified out of AOCI, are as follows:
(In millions)
Pension/Post-Retirement Plans Gains (Losses)
Foreign Currency Translation Gains (Losses)
Total Gains (Losses)
Balance as of April 1, 2021$(4,122)$(1,075)$(5,197)
Other comprehensive (loss) income before reclassifications(16)24 8 
Amounts reclassified from accumulated other comprehensive income
36 — 36 
Net current period other comprehensive income20 24 44 
Balance as of June 30, 2021$(4,102)$(1,051)$(5,153)
(In millions)
Pension/Post-Retirement Plans Gains (Losses)
Foreign Currency Translation Gains (Losses)
Total Gains (Losses)
Balance as of April 1, 2020$(3,374)$(2,473)$(5,847)
Other comprehensive (loss) income before reclassifications(3)237 234 
Amounts reclassified from accumulated other comprehensive income
31 — 31 
Net current period other comprehensive income 28 237 265 
Balance as of June 30, 2020$(3,346)$(2,236)$(5,582)
(In millions)
Pension/Post-Retirement Plans Gains (Losses)
Foreign Currency Translation Gains (Losses)
Total Gains (Losses)
Balance as of December 31, 2020$(4,126)$(984)$(5,110)
Other comprehensive loss before reclassifications(52)(67)(119)
Amounts reclassified from accumulated other comprehensive income
76 — 76 
Net current period other comprehensive income (loss) 24 (67)(43)
Balance as of June 30, 2021$(4,102)$(1,051)$(5,153)
(In millions)
Pension/Post-Retirement Plans Gains (Losses)
Foreign Currency Translation Gains (Losses)
Total Gains (Losses)
Balance as of December 31, 2019$(3,512)$(1,543)$(5,055)
Other comprehensive income (loss) before reclassifications
106 (693)(587)
Amounts reclassified from accumulated other comprehensive income
60 — 60 
Net current period other comprehensive income (loss)166 (693)(527)
Balance as of June 30, 2020$(3,346)$(2,236)$(5,582)
Schedule of Components of Comprehensive Income (Loss)
The components of other comprehensive income (loss) for the three and six-month periods ended June 30, 2021 and 2020 are as follows:
Three Months Ended June 30,20212020
(In millions)Pre-TaxTax (Credit)Net of TaxPre-TaxTax (Credit)Net of Tax
Foreign currency translation adjustments$24 $— $24 $241 $4 $237 
Pension/post-retirement plans:
Amortization of (gains) losses included in net periodic pension cost:
Prior service credits (a)(1)— (1)(1)— (1)
Net actuarial losses (a)52 15 37 40 8 32 
Subtotal51 15 36 39 8 31 
Foreign currency translation adjustments (44)(12)(32)(5)(2)(3)
Effect of remeasurement 15 1 14 — — — 
Effect of settlement 2 — 2 — — — 
Pension/post-retirement plans gains 24 4 20 34 6 28 
Other comprehensive income $48 $4 $44 $275 $10 $265 
(a) Components of net periodic pension cost are included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.
Six Months Ended June 30,20212020
(In millions)Pre-TaxTax (Credit)Net of TaxPre-TaxTax (Credit)Net of Tax
Foreign currency translation adjustments$(67)$— $(67)$(700)$(7)$(693)
Pension/post-retirement plans:
Amortization of (gains) losses included in net periodic pension cost:
Prior service credits (a)(1)— (1)(1)— (1)
Net actuarial losses (a)104 27 77 80 19 61 
Subtotal103 27 76 79 19 60 
Foreign currency translation adjustments (81)(20)(61)130 24 106 
Other adjustments(7)(2)(5)— — — 
Effect of remeasurement 13 1 12 — — — 
Effect of settlement 2 — 2 — — — 
Pension/post-retirement plans gains30 6 24 209 43 166 
Other comprehensive (loss) income$(37)$6 $(43)$(491)$36 $(527)
(a) Components of net periodic pension cost are included in other net benefit credits in the consolidated statements of income. Income tax expense on net actuarial losses are included in income tax expense.