STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Schedule of Components of Other Comprehensive Income (Loss)

The following table summarizes the activity related to each component of accumulated other comprehensive loss ("AOCL") for the six months ended June 30, 2020 and 2019:

Accumulated Other Comprehensive Loss	Unrealized Gains (Losses) on Investments			Cumulative Translation Adj			Pension and OPEB			Derivative Instruments			Total
In millions
2019
Balance at January 1, 2019	$	(51	)	$	(3,785	)	$	(8,476	)	$	(82	)	$	(12,394	)
Other comprehensive income (loss) before reclassifications	68			(117		)	49			(43		)	(43		)
Amounts reclassified from accumulated other comprehensive income (loss)	(1		)	(18		)	142			(15		)	108
Net other comprehensive income (loss)	$	67		$	(135	)	$	191		$	(58	)	$	65
Spin-offs of Dow and Corteva	$	(16	)	$	3,179		$	8,196		$	139		$	11,498
Balance at June 30, 2019	$	—		$	(741	)	$	(89	)	$	(1	)	$	(831	)
2020
Balance at January 1, 2020	$	—		$	(1,070	)	$	(345	)	$	(1	)	$	(1,416	)
Other comprehensive loss before reclassifications	—			(54		)	(4		)	—			(58		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			9			—			9
Net other comprehensive (loss) income	$	—		$	(54	)	$	5		$	—		$	(49	)
Balance at June 30, 2020	$	—		$	(1,124	)	$	(340	)	$	(1	)	$	(1,465	)

The tax effects on the net activity related to each component of other comprehensive income (loss) for the three and six months ended June 30, 2020 and 2019 were as follows:

Tax Benefit (Expense)	Three Months Ended June 30,					Six Months Ended June 30,
In millions	2020		2019			2020		2019
Unrealized gains (losses) on investments	$	—	$	—		$	—	$	(18	)
Cumulative translation adjustments	—		—			—		(1		)
Pension and other post employment benefit plans	3		(3		)	2		(35		)
Derivative instruments	—		(8		)	—		16
Tax expense from income taxes related to other comprehensive income items	$	3	$	(11	)	$	2	$	(38	)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income

A summary of the reclassifications out of AOCL for the three and six months ended June 30, 2020 and 2019 is provided as follows:

Reclassifications Out of Accumulated Other Comprehensive Loss	Three Months Ended June 30,					Six Months Ended June 30,					Income Classification
In millions	2020		2019			2020		2019
Unrealized gains on investments	$	—	$	—		$	—	$	(1	)	See (1) below
Tax expense (benefit)	—		—			—		—			See (2) below
After tax	$	—	$	—		$	—	$	(1	)
Cumulative translation adjustments	$	—	$	—		$	—	$	(18	)	See (3) below
Pension and other post employment benefit plans	$	5	$	—		$	8	$	167		See (4) below
Tax expense (benefit)	—		—			1		(25		)	See (2) below
After tax	$	5	$	—		$	9	$	142
Derivative Instruments	$	—	$	(7	)	$	—	$	(18	)	See (5) below
Tax expense	—		2			—		3			See (2) below
After tax	$	—	$	(5	)	$	—	$	(15	)
Total reclassifications for the period, after tax	$	5	$	(5	)	$	9	$	108

1. "Net sales" and "Sundry income (expense) - net."

2. "Provision for income taxes on continuing operations."

3. "Sundry income (expense) - net."

4. These AOCL components are included in the computation of net periodic benefit cost of the Company's defined benefit pension and other post employment benefit plans. See Note 17 for additional information.

5. "Cost of sales," "Sundry income (expense) - net" and "Interest expense."