NONCONTROLLING INTERESTS (Notes)

12 Months Ended

Dec. 31, 2022

Ownership interests in the Company's subsidiaries held by parties other than the Company are presented separately from the Company's equity in the consolidated balance sheets as "Noncontrolling interests." The amount of consolidated net income attributable to the Company and the noncontrolling interests are both presented on the face of the consolidated statements of income.

The following table summarizes the activity for equity attributable to noncontrolling interests for the years ended December 31, 2022, 2021 and 2020:


Noncontrolling Interests
In millions	2022		2021		2020
Balance at Jan 1	$	574	$	570	$	553
Net income attributable to noncontrolling interests 1	58		94		69
Distributions to noncontrolling interests 2	(76)		(66)		(55)






Deconsolidation of noncontrolling interests 3	—		—		(7)
Cumulative translation adjustments	(28)		(25)		9
Other	1		1		1
Balance at Dec 31	$	529	$	574	$	570

1.2022 includes the portion of asset related charges attributable to noncontrolling interests related to a joint venture in Russia. See Note 4 for additional information.

2.Distributions to noncontrolling interests are net of $7 million in 2022, 2021 and 2020 in dividends paid to a joint venture, which were reclassified to "Equity in earnings (losses) of nonconsolidated affiliates" in the consolidated statements of income.

3.Related to the divestiture of the Company's interest in a cogeneration facility in Brazil in the third quarter of 2020.