Accumulated Other Comprehensive Loss (Notes)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and six months ended June 30, 2021 and 2020 were as follows:

Accumulated Other Comprehensive Loss	Three Months Ended				Six Months Ended
In millions	Jun 30, 2021		Jun 30, 2020		Jun 30, 2021		Jun 30, 2020
Unrealized Gains (Losses) on Investments
Beginning balance	$	55	$	(36)	$	104	$	64
Unrealized gains (losses) on investments	39		122		(15)		4
Tax (expense) benefit	(9)		(27)		2		(2)
Net unrealized gains (losses) on investments	30		95		(13)		2
(Gains) losses reclassified from AOCL to net income 1	(17)		(25)		(25)		(34)
Tax expense (benefit) 2	4		6		6		8
Net (gains) losses reclassified from AOCL to net income	(13)		(19)		(19)		(26)
Other comprehensive income (loss), net of tax	17		76		(32)		(24)
Ending balance	$	72	$	40	$	72	$	40
Cumulative Translation Adjustment
Beginning balance	$	(1,183)	$	(1,298)	$	(930)	$	(1,135)
Gains (losses) on foreign currency translation	67		63		(150)		(98)
Tax (expense) benefit	1		2		(35)		14
Net gains (losses) on foreign currency translation	68		65		(185)		(84)
(Gains) losses reclassified from AOCL to net income 3	(3)		(2)		(3)		(16)
Other comprehensive income (loss), net of tax	65		63		(188)		(100)
Ending balance	$	(1,118)	$	(1,235)	$	(1,118)	$	(1,235)
Pension and Other Postretirement Benefits
Beginning balance	$	(8,425)	$	(8,639)	$	(9,559)	$	(8,781)
Gains (losses) arising during the period 4	—		—		1,268		—
Tax (expense) benefit	—		—		(298)		—
Net gains (losses) arising during the period	—		—		970		—
Amortization and recognition of net loss and prior service credits 5	194		184		392		369
Tax expense (benefit) 2	(45)		(43)		(79)		(86)
Net loss and prior service credits reclassified from AOCL to net income	149		141		313		283
Other comprehensive income (loss), net of tax	149		141		1,283		283
Ending balance	$	(8,276)	$	(8,498)	$	(8,276)	$	(8,498)
Derivative Instruments
Beginning balance	$	(360)	$	(556)	$	(470)	$	(394)
Gains (losses) on derivative instruments	(10)		17		112		(159)
Tax (expense) benefit	8		(2)		(1)		8
Net gains (losses) on derivative instruments	(2)		15		111		(151)
(Gains) losses reclassified from AOCL to net income 6	9		12		6		19
Tax expense (benefit) 2	(1)		(3)		(1)		(6)
Net (gains) losses reclassified from AOCL to net income	8		9		5		13
Other comprehensive income (loss), net of tax	6		24		116		(138)
Ending balance	$	(354)	$	(532)	$	(354)	$	(532)
Total AOCL ending balance	$	(9,676)	$	(10,225)	$	(9,676)	$	(10,225)

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

2.Reclassified to "Provision for income taxes."

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

4.See Note 16 for additional information.

5.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.

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