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Consolidated Statement of Changes in Shareholders' Equity - USD ($)
$ in Millions
Total
Adjustments to adopt new accounting guidance
Adjusted beginning balance
Common stock
Common stock
Adjustments to adopt new accounting guidance
Common stock
Adjusted beginning balance
Treasury stock
Treasury stock
Adjustments to adopt new accounting guidance
Treasury stock
Adjusted beginning balance
Profit employed in the business
Profit employed in the business
Adjustments to adopt new accounting guidance
Profit employed in the business
Adjusted beginning balance
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss)
Adjustments to adopt new accounting guidance
Accumulated other comprehensive income (loss)
Adjusted beginning balance
Noncontrolling interests
Noncontrolling interests
Adjustments to adopt new accounting guidance
Noncontrolling interests
Adjusted beginning balance
Balance at Dec. 31, 2018 $ 14,080   $ 14,315 $ 5,827   $ 5,827 $ (20,531)   $ (20,531) $ 30,427   $ 30,554 $ (1,684)   $ (1,576) $ 41   $ 41
Balance (Lease accounting) at Dec. 31, 2018 [1]   $ 235     $ 0     $ 0     $ 235     $ 0     $ 0  
Balance (Reclassification of certain tax effects from accumulated other comprehensive income) at Dec. 31, 2018 [1]   0     0     0     (108)     108     0  
Increase (Decrease) in Shareholders' Equity                                    
Profit of consolidated and affiliated companies 4,997     0     0     4,995     0     2    
Foreign currency translation, net of tax (186)     0     0     0     (186)     0    
Pension and other postretirement benefits, net of tax (22)     0     0     0     (22)     0    
Derivative financial instruments, net of tax (33)     0     0     0     (33)     0    
Available-for-sale securities, net of tax 34     0     0     0     34     0    
Dividends, Common Stock, Cash [2] (1,074)     0     0     (1,074)     0     0    
Distribution to noncontrolling interests (2)     0     0     0     0     (2)    
Common shares issued from treasury stock for stock-based compensation: three months:404,606 in 2019 and 1,751,708 for 2020; nine months: 2,907,710 in 2019 and 3,271,679 in 2020 59     (62)     121     0     0     0    
Stock-based compensation expense, before tax (in dollars) 170     170     0     0     0     0    
Common shares repurchased: three months: 10,335,410 in 2019 and 0 in 2020; nine months: 25,792,061 in 2019 and 10,096,006 in 2020 [1] (3,283)     0     (3,283)     0     0     0    
Other 18     (16)     0     (2)     0     0    
Balance at Sep. 30, 2019 $ 14,993     5,951     (23,693)     34,477     (1,783)     41    
Increase (Decrease) in Shareholders' Equity                                    
Common Stock, Dividends, Per Share, Declared $ 1.89                                  
Common shares issued from treasury stock for stock-based compensation (in shares) 2,907,710                                  
Common shares repurchased (in shares) 25,792,061                                  
Balance at Jun. 30, 2019 $ 14,878     5,822     (22,467)     32,981     (1,499)     41    
Increase (Decrease) in Shareholders' Equity                                    
Profit of consolidated and affiliated companies 1,494     0     0     1,494     0     0    
Foreign currency translation, net of tax (263)     0     0     0     (263)     0    
Pension and other postretirement benefits, net of tax (8)     0     0     0     (8)     0    
Derivative financial instruments, net of tax (17)     0     0     0     (17)     0    
Available-for-sale securities, net of tax 4     0     0     0     4     0    
Common shares issued from treasury stock for stock-based compensation: three months:404,606 in 2019 and 1,751,708 for 2020; nine months: 2,907,710 in 2019 and 3,271,679 in 2020 20     0     20     0     0     0    
Stock-based compensation expense, before tax (in dollars) 57     57     0     0     0     0    
Common shares repurchased: three months: 10,335,410 in 2019 and 0 in 2020; nine months: 25,792,061 in 2019 and 10,096,006 in 2020 [3] (1,246)     0     (1,246)     0     0     0    
Other 74     72     0     2     0     0    
Balance at Sep. 30, 2019 $ 14,993     5,951     (23,693)     34,477     (1,783)     41    
Increase (Decrease) in Shareholders' Equity                                    
Common shares issued from treasury stock for stock-based compensation (in shares) 404,606                                  
Common shares repurchased (in shares) 10,335,410                                  
Balance at Dec. 31, 2019 $ 14,629   $ 14,604 5,935   $ 5,935 (24,217)   $ (24,217) 34,437   $ 34,412 (1,567)   $ (1,567) 41   $ 41
Balance (Credit losses) at Dec. 31, 2019 [4]   $ (25)     $ 0     $ 0     $ (25)     $ 0     $ 0  
Increase (Decrease) in Shareholders' Equity                                    
Profit of consolidated and affiliated companies 2,223     0     0     2,218     0     5    
Foreign currency translation, net of tax 106     0     0     0     106     0    
Pension and other postretirement benefits, net of tax (20)     0     0     0     (20)     0    
Derivative financial instruments, net of tax 4     0     0     0     4     0    
Available-for-sale securities, net of tax 29     0     0     0     29     0    
Dividends, Common Stock, Cash [2] (1,121)     0     0     (1,121)     0     0    
Common shares issued from treasury stock for stock-based compensation: three months:404,606 in 2019 and 1,751,708 for 2020; nine months: 2,907,710 in 2019 and 3,271,679 in 2020 110     (43)     153     0     0     0    
Stock-based compensation expense, before tax (in dollars) 169     169     0     0     0     0    
Common shares repurchased: three months: 10,335,410 in 2019 and 0 in 2020; nine months: 25,792,061 in 2019 and 10,096,006 in 2020 [1] (1,250)     0     (1,250)     0     0     0    
Other 140     143     (1)     (1)     0     (1)    
Balance at Sep. 30, 2020 $ 14,994     6,204     (25,315)     35,508     (1,448)     45    
Increase (Decrease) in Shareholders' Equity                                    
Common Stock, Dividends, Per Share, Declared $ 2.06                                  
Common shares issued from treasury stock for stock-based compensation (in shares) 3,271,679                                  
Common shares repurchased (in shares) 10,096,006                                  
Balance at Jun. 30, 2020 $ 13,777     6,120     (25,412)     34,841     (1,815)     43    
Increase (Decrease) in Shareholders' Equity                                    
Profit of consolidated and affiliated companies 671     0     0     668     0     3    
Foreign currency translation, net of tax 291     0     0     0     291     0    
Pension and other postretirement benefits, net of tax (8)     0     0     0     (8)     0    
Derivative financial instruments, net of tax 76     0     0     0     76     0    
Available-for-sale securities, net of tax 8     0     0     0     8     0    
Common shares issued from treasury stock for stock-based compensation: three months:404,606 in 2019 and 1,751,708 for 2020; nine months: 2,907,710 in 2019 and 3,271,679 in 2020 120     23     97     0     0     0    
Stock-based compensation expense, before tax (in dollars) 55     55     0     0     0     0    
Other 4     6     0     (1)     0     (1)    
Balance at Sep. 30, 2020 $ 14,994     $ 6,204     $ (25,315)     $ 35,508     $ (1,448)     $ 45    
Increase (Decrease) in Shareholders' Equity                                    
Common shares issued from treasury stock for stock-based compensation (in shares) 1,751,708                                  
Common shares repurchased (in shares) 0                                  
[1] See Note 12 for additional information.
[2] Dividends per share of common stock of $2.06 and $1.89 were declared in the nine months ended September 30, 2020 and 2019, respectively.
[3] See Note 12 for additional information.
[4] See Note 2 for additional information.