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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, 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   $ (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 106     0     0     0     106     0    
Pension and other post retirement benefits (20)     0     0     0     (20)     0    
Derivative financial instruments, net of tax 4     0     0     0     4     0    
Available for sale securities 29     0     0     0     29     0    
Dividends declared [1] 1,121     0     0     1,121     0     0    
Common shares issued from treasury stock for stock-based compensation 110     (43)     153     0     0     0    
Stock-based compensation expense, before tax (in dollars) 169     169     0     0     0     0    
Common shares repurchased [2] (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 shares issued, Shares, from treasury stock for stock-based compensation (in shares) 3,271,679                                  
Common shares repurchased (in shares) 10,096,006                                  
Common Stock, Dividends, Per Share, Declared $ 2.06                                  
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 291     0     0     0     291     0    
Pension and other post retirement benefits (8)     0     0     0     (8)     0    
Derivative financial instruments, net of tax 76     0     0     0     76     0    
Available for sale securities 8     0     0     0     8     0    
Common shares issued from treasury stock for stock-based compensation 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, Shares, from treasury stock for stock-based compensation (in shares) 1,751,708                                  
Common shares repurchased (in shares) 0                                  
Balance at Dec. 31, 2020 $ 15,378     6,230     (25,178)     35,167     (888)     47    
Increase (Decrease) in Shareholders' Equity                                    
Profit of consolidated and affiliated companies 4,373     0     0     4,369     0     4    
Foreign currency translation (490)     0     0     0     (490)     0    
Pension and other post retirement benefits (23)     0     0     0     (23)     0    
Derivative financial instruments, net of tax (19)     0     0     0     (19)     0    
Available for sale securities (20)     0     0     0     (20)     0    
Dividends declared [1] 1,175     0     0     1,175     0     0    
Distribution to noncontrolling interests (4)     0     0     0     0     (4)    
Common shares issued from treasury stock for stock-based compensation 122     (70)     192     0     0     0    
Stock-based compensation expense, before tax (in dollars) 169     169     0     0     0     0    
Common shares repurchased [2] (1,622)     0     (1,622)     0     0     0    
Other 22     23     0     0     0     (1)    
Balance at Sep. 30, 2021 $ 16,695     6,352     (26,608)     38,361     (1,440)     30    
Increase (Decrease) in Shareholders' Equity                                    
Common shares issued, Shares, from treasury stock for stock-based compensation (in shares) 3,410,146                                  
Common shares repurchased (in shares) 7,772,393                                  
Common Stock, Dividends, Per Share, Declared $ 2.14                                  
Noncontrolling Interest, Period Increase (Decrease) $ (16)     0     0     0     0     (16)    
Balance at Jun. 30, 2021 16,880     6,293     (25,240)     36,934     (1,154)     47    
Increase (Decrease) in Shareholders' Equity                                    
Profit of consolidated and affiliated companies 1,428     0     0     1,426     0     2    
Foreign currency translation (242)     0     0     0     (242)     0    
Pension and other post retirement benefits (8)     0     0     0     (8)     0    
Derivative financial instruments, net of tax (31)     0     0     0     (31)     0    
Available for sale securities (5)     0     0     0     (5)     0    
Dividends declared 1     0     0     1     0     0    
Distribution to noncontrolling interests (2)     0     0     0     0     (2)    
Common shares issued from treasury stock for stock-based compensation (1)     (5)     4     0     0     0    
Stock-based compensation expense, before tax (in dollars) 58     58     0     0     0     0    
Common shares repurchased [3] (1,371)     0     (1,371)     0     0     0    
Other 4     6     (1)     0     0     (1)    
Balance at Sep. 30, 2021 $ 16,695     6,352     (26,608)     38,361     (1,440)     30    
Increase (Decrease) in Shareholders' Equity                                    
Common shares issued, Shares, from treasury stock for stock-based compensation (in shares) 80,571                                  
Common shares repurchased (in shares) 6,610,438                                  
Noncontrolling Interest, Period Increase (Decrease) $ (16)     $ 0     $ 0     $ 0     $ 0     $ (16)    
[1] Dividends per share of common stock of $2.14 and $2.06 were declared in the nine months ended September 30, 2021 and 2020, respectively.
[2] See Note 12 for additional information
[3] See Note 12 for additional information.