STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2020

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 nine months ended September 30, 2020 and 2019:


Accumulated Other Comprehensive Loss	Unrealized Gains (Losses) on Investments		Cumulative Translation Adj		Pension and OPEB		Derivative Instruments		Total
In millions	Unrealized Gains (Losses) on Investments		Cumulative Translation Adj		Pension and OPEB		Derivative Instruments		Total
2019
Balance at January 1, 2019	$	(51)	$	(3,785)	$	(8,476)	$	(82)	$	(12,394)
Other comprehensive income (loss) before reclassifications	68		(811)		47		(43)		(739)
Amounts reclassified from accumulated other comprehensive income (loss)	(1)		(18)		140		(15)		106
Net other comprehensive income (loss)	$	67	$	(829)	$	187	$	(58)	$	(633)
Spin-offs of Dow and Corteva	$	(16)	$	3,179	$	8,196	$	139	$	11,498
Balance at September 30, 2019	$	—	$	(1,435)	$	(93)	$	(1)	$	(1,529)
2020
Balance at January 1, 2020	$	—	$	(1,070)	$	(345)	$	(1)	$	(1,416)
Other comprehensive income (loss) before reclassifications	—		548		(9)		—		539
Amounts reclassified from accumulated other comprehensive income	—		—		18		—		18
Net other comprehensive income	$	—	$	548	$	9	$	—	$	557
Balance at September 30, 2020	$	—	$	(522)	$	(336)	$	(1)	$	(859)

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


Tax Benefit (Expense)	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2020		2019		2020		2019
Unrealized gains (losses) on investments	$	—	$	—	$	—	$	(18)
Cumulative translation adjustments	—		—		—		(1)
Pension and other post-employment benefit plans	1		(6)		3		(41)
Derivative instruments	—		—		—		16
Tax expense from income taxes related to other comprehensive income items	$	1	$	(6)	$	3	$	(44)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income


Reclassifications Out of Accumulated Other Comprehensive Loss	Three Months Ended September 30,				Nine Months Ended September 30,				Income Classification
In millions	2020		2019		2020		2019		Income Classification
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	$	7	$	4	$	15	$	171	See (4) below
Tax expense (benefit)	2		(6)		3		(31)		See (2) below
After tax	$	9	$	(2)	$	18	$	140
Derivative Instruments	$	—	$	—	$	—	$	(18)	See (5) below
Tax expense	—		—		—		3		See (2) below
After tax	$	—	$	—	$	—	$	(15)
Total reclassifications for the period, after tax	$	9	$	(2)	$	18	$	106

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."