Supplementary Information (Tables)

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Nonoperating Income (Expense)

Other Income - Net	Three Months Ended March 31,
(In millions)	2020			2019
Interest income	$	18		$	16
Equity in losses of affiliates - net	(1		)	—
Net loss on sales of businesses and other assets1	(46		)	(13		)
Net exchange losses	(61		)	(27		)
Non-operating pension and other post employment benefit credit2	91			51
Miscellaneous income (expenses) - net	—			4
Other income - net	$	1		$	31

 

1. Includes a loss of $(53) million relating to the expected sale of the La Porte site, for which the company signed an agreement during the three months ended March 31, 2020 and a loss of $(24) million relating to DAS’s sale of a joint venture related to synergy actions for the three months ended March 31, 2019.

2. Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized (gain) loss, and settlement loss).

Foreign Currency Exchange Gain (Loss)

(In millions)	Three Months Ended March 31,
	2020			2019
Subsidiary Monetary Position Losses
Pre-tax exchange losses	$	(226	)	$	(10	)
Local tax benefits (expenses)	23			(10		)
Net after-tax impact from subsidiary exchange losses	$	(203	)	$	(20	)
Hedging Program Gains (Losses)
Pre-tax exchange gains (losses)	$	165		$	(17	)
Tax (expenses) benefits	(40		)	4
Net after-tax impact from hedging program exchange gains (losses)	$	125		$	(13	)
Total Exchange Losses
Pre-tax exchange losses	$	(61	)	$	(27	)
Tax expenses	(17		)	(6		)
Net after-tax exchange losses	$	(78	)	$	(33	)

Restrictions on Cash and Cash Equivalents

(In millions)	March 31, 2020		December 31, 2019		March 31, 2019
Cash and cash equivalents	$	1,963	$	1,764	$	1,759
Restricted cash	377		409		438
Total cash, cash equivalents and restricted cash	2,340		2,173		2,197
Cash and cash equivalents of discontinued operations1	—		—		2,074
Restricted cash of discontinued operations2	—		—		42
Total cash, cash equivalents and restricted cash	$	2,340	$	2,173	$	4,313

1. Refer to Note 3 - Divestitures and Other Transactions, for additional information.

2. Amount included in other current assets within assets of discontinued operations - current. Refer to Note 3 - Divestitures and Other Transactions, for additional information.