Equity (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

The changes in each component of accumulated other comprehensive loss ("AOCL") for the three months ended March 31, 2020 and 2019 were as follows:

Accumulated Other Comprehensive Loss	Three Months Ended
In millions	Mar 31, 2020		Mar 31, 2019
Unrealized Gains (Losses) on Investments
Beginning balance	$	64	$	(51)
Unrealized gains (losses) on investments	(118)		86
Less: Tax (expense) benefit	25		(18)
Net unrealized gains (losses) on investments	(93)		68
(Gains) losses reclassified from AOCL to net income 1	(9)		(1)
Less: Tax expense (benefit) 2	2		—
Net (gains) losses reclassified from AOCL to net income	(7)		(1)
Other comprehensive income (loss), net of tax	(100)		67
Ending balance	$	(36)	$	16
Cumulative Translation Adjustment
Beginning balance	$	(1,135)	$	(1,813)
Gains (losses) on foreign currency translation	(161)		(12)
Less: Tax (expense) benefit	12		(1)
Net gains (losses) on foreign currency translation	(149)		(13)
(Gains) losses reclassified from AOCL to net income 3	(14)		(18)
Other comprehensive income (loss), net of tax	(163)		(31)
Ending balance	$	(1,298)	$	(1,844)
Pension and Other Postretirement Benefits
Beginning balance	$	(8,781)	$	(7,965)
Amortization and recognition of net loss and prior service credits 4	185		166
Less: Tax expense (benefit) 2	(43)		(25)
Other comprehensive income (loss), net of tax	142		141
Ending balance	$	(8,639)	$	(7,824)
Derivative Instruments
Beginning balance	$	(394)	$	(56)
Gains (losses) on derivative instruments	(176)		(95)
Less: Tax (expense) benefit	10		27
Net gains (losses) on derivative instruments	(166)		(68)
(Gains) losses reclassified from AOCL to net income 5	7		(7)
Less: Tax expense (benefit) 2	(3)		—
Net (gains) losses reclassified from AOCL to net income	4		(7)
Other comprehensive income (loss), net of tax	(162)		(75)
Ending balance	$	(556)	$	(131)
Total AOCL ending balance	$	(10,529)	$	(9,783)

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

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

3. Reclassified to "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 postretirement benefit plans. See Note 16 for additional information.

5. Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."