Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Noncontrolling Interests Represented by Preferred Stock [Table Text Block]


Shares in thousands			Number of Shares
Authorized			23,000
$4.50 Series, callable at $120			1,673
$3.50 Series, callable at $102			700

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]


(In millions)	Cumulative Translation Adjustment1		Derivative Instruments		Pension Benefit Plans		Other Benefit Plans		Unrealized Gain (Loss) on Investments		Total






2020
Balance January 1, 2020	$	(1,944)	$	2	$	(1,247)	$	(81)	$	—	$	(3,270)
Other comprehensive (loss) income before reclassifications	(672)		1		(2)		3		—		(670)
Amounts reclassified from accumulated other comprehensive loss	—		5		2		—		—		7
Net other comprehensive (loss) income	(672)		6		—		3		—		(663)
Balance March 31, 2020	$	(2,616)	$	8	$	(1,247)	$	(78)	$	—	$	(3,933)

2021
Balance January 1, 2021	$	(1,970)	$	(67)	$	(1,433)	$	590	$	(10)	$	(2,890)
Other comprehensive (loss) income before reclassifications	(403)		71		(4)		1		4		(331)
Amounts reclassified from accumulated other comprehensive loss	—		(6)		12		(158)		6		(146)
Net other comprehensive (loss) income	(403)		65		8		(157)		10		(477)

Balance March 31, 2021	$	(2,373)	$	(2)	$	(1,425)	$	433	$	—	$	(3,367)

1.The cumulative translation adjustment loss for the three months ended March 31, 2020 was primarily driven by the strengthening of the USD against the Brazilian Real (“BRL”) and the South African Rand ("ZAR"). The cumulative translation adjustment loss for the three months ended March 31, 2021 was primarily driven by strengthening of the USD against the Swiss Franc ("CHF"), Brazilian Real ("BRL") and European Euro.

Tax (Expense) Benefit of Other Comprehensive (Loss) Income


(In millions)	Three Months Ended March 31,
	2021		2020
Derivative instruments	$	(18)	$	5
Pension benefit plans - net	(2)		(4)
Other benefit plans - net	49		—

Benefit from income taxes related to other comprehensive (loss) income items	$	29	$	1

Reclassification out of Accumulated Other Comprehensive (Loss) Income [Table Text Block]


(In millions)	Three Months Ended March 31,
	2021		2020
Derivative Instruments1:	$	(5)	$	7
Tax benefit2	(1)		(2)
After-tax	$	(6)	$	5
Amortization of pension benefit plans:

Actuarial losses3,4	$	14	$	1

Settlement loss3,4	1		2
Total before tax	$	15	$	3
Tax benefit2	(3)		(1)
After-tax	$	12	$	2
Amortization of other benefit plans:
Prior service benefit3,4	$	(230)	$	—
Actuarial gains3,4	23		—

Total before tax	$	(207)	$	—
Tax benefit2	49		—
After-tax	$	(158)	$	—



Unrealized Loss on Investments4	$	6	$	—
Tax benefit2	—		—
After-tax	$	6	$	—
Total reclassifications for the period, after-tax	$	(146)	$	7

1.Reflected in cost of goods sold.

2.Reflected in provision for (benefit from) income taxes from continuing operations.

3.These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit credit of the company's pension and other benefit plans. See Note 15 - Pension Plans and Other Post Employment Benefits, for additional information.

4.Reflected in other income - net.