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Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Common Stock and Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Non- controlling Interest
Balance at the beginning of the period at Dec. 31, 2019 $ 10,126 $ 5,916 $ 42,130 $ (29,849) $ (8,134) $ 63
Increase (decrease) in equity            
Net income 5,453   5,449     4
Other comprehensive income (loss), net of tax:            
Cumulative translation adjustment 447       449 (2)
Defined benefit pension and postretirement plans adjustment 106       106  
Cash flow hedging instruments - unrealized gain (loss) (142)       (142)  
Total other comprehensive income (loss), net of tax 411       413  
Dividends declared (3,388)   (3,388)      
Purchase of non-controlling interest (1)         (1)
Stock-based compensation 255 255        
Reacquired stock (358)     (358)    
Issuances pursuant to stock options and benefit plans 433   (370) 803    
Balance at the end of the period at Dec. 31, 2020 12,931 6,171 43,821 (29,404) (7,721) 64
Increase (decrease) in equity            
Net income 5,929   5,921     8
Other comprehensive income (loss), net of tax:            
Cumulative translation adjustment (494)       (493) (1)
Defined benefit pension and postretirement plans adjustment 1,345       1,345  
Cash flow hedging instruments - unrealized gain (loss) 119       119  
Total other comprehensive income (loss), net of tax 970       971  
Dividends declared (3,420)   (3,420)      
Stock-based compensation 267 267        
Reacquired stock (2,199)     (2,199)    
Issuances pursuant to stock options and benefit plans 639   (501) 1,140    
Balance at the end of the period at Dec. 31, 2021 15,117 6,438 45,821 (30,463) (6,750) 71
Increase (decrease) in equity            
Net income 5,791   5,777     14
Other comprehensive income (loss), net of tax:            
Cumulative translation adjustment (893)       (885) (8)
Defined benefit pension and postretirement plans adjustment 915       915  
Cash flow hedging instruments - unrealized gain (loss) 47       47  
Total other comprehensive income (loss), net of tax 69       77  
Dividends declared (3,369)   (3,369)      
Stock-based compensation 262 262        
Reacquired stock (1,464)     (1,464)    
Dividend to noncontrolling interest (29)         (29)
Split-off of Food Safety business (1,988)     (1,988)    
Issuances pursuant to stock options and benefit plans 381   (279) 660    
Balance at the end of the period at Dec. 31, 2022 $ 14,770 $ 6,700 $ 47,950 $ (33,255) $ (6,673) $ 48