Comprehensive Income and Shareholders Equity

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Comprehensive Income and Shareholders' Equity [Text Block]

Note 13.    Comprehensive Income and Shareholders' Equity

Comprehensive Income (Loss)

Comprehensive income combines net income and other comprehensive items. Other comprehensive items represent certain amounts that are reported as components of shareholders’ equity in the accompanying balance sheet.

Changes in each component of accumulated other comprehensive items, net of tax are as follows:

(In millions)	Currency translation adjustment		Unrealized losses on hedging instruments		Pension and other postretirement benefit liability adjustment		Total
Balance at December 31, 2020	$	(2,438)	$	(91)	$	(278)	$	(2,807)
Other comprehensive items before reclassifications	373		—		36		409
Amounts reclassified from accumulated other comprehensive items	—		56		13		69
Net other comprehensive items	373		56		49		478
Balance at December 31, 2021	$	(2,065)	$	(35)	$	(229)	$	(2,329)

Shareholders’ Equity

At December 31, 2021, the company had reserved 23 million unissued shares of its common stock for possible issuance under stock-based compensation plans.

Early in the first quarter of 2022, the company repurchased $2.00 billion of the company's common stock (3.3 million shares).