Comprehensive Income and Shareholders Equity

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Comprehensive Income and Shareholders' Equity

Comprehensive Income and Shareholders' Equity

Comprehensive Income (Loss)

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, 2021	$	(2,065)	$	(35)	$	(229)	$	(2,329)
Other comprehensive items before reclassifications	(822)		—		38		(784)
Amounts reclassified from accumulated other comprehensive items	7		2		5		14
Net other comprehensive items	(815)		2		43		(770)
Balance at December 31, 2022	$	(2,880)	$	(33)	$	(186)	$	(3,099)

Shareholders’ Equity

At December 31, 2022, the company had reserved 22 million unissued shares of its common stock for possible issuance under stock-based compensation plans.

Early in the first quarter of 2023, the company repurchased $3.00 billion of the company's common stock (5.2 million shares).