Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 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	(507)		(23)		(10)		2		—		(538)
Amounts reclassified from accumulated other comprehensive loss	—		7		4		1		—		12
Net other comprehensive (loss) income	(507)		(16)		(6)		3		—		(526)
Balance September 30, 2020	$	(2,451)	$	(14)	$	(1,253)	$	(78)	$	—	$	(3,796)

2021
Balance January 1, 2021	$	(1,970)	$	(67)	$	(1,433)	$	590	$	(10)	$	(2,890)
Other comprehensive (loss) income before reclassifications	(424)		115		(6)		1		3		(311)
Amounts reclassified from accumulated other comprehensive loss	—		(8)		32		(475)		7		(444)
Net other comprehensive (loss) income	(424)		107		26		(474)		10		(755)

Balance September 30, 2021	$	(2,394)	$	40	$	(1,407)	$	116	$	—	$	(3,645)

1.The cumulative translation adjustment loss for the nine months ended September 30, 2021 was primarily driven by strengthening of the USD against the European Euro ("EUR"), Swiss Franc ("CHF") and Brazilian Real ("BRL"). The cumulative translation adjustment loss for the nine months ended September 30, 2020 was primarily driven by strengthening of the USD against the Brazilian Real ("BRL") and the South African Rand ("ZAR") against the USD.

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


(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Derivative instruments	$	(12)	$	4	$	(37)	$	6
Pension benefit plans - net	(3)		—		(8)		(3)
Other benefit plans - net	51		—		148		—

Benefit from (provision for) income taxes related to other comprehensive (loss) income items	$	36	$	4	$	103	$	3

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


(In millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Derivative Instruments1:	$	6	$	(22)	$	(9)	$	13
Tax (benefit) expense2	(1)		3		1		(6)
After-tax	$	5	$	(19)	$	(8)	$	7
Amortization of pension benefit plans:
Prior service benefit3,4	$	—	$	—	$	(1)	$	(1)
Actuarial losses3,4	14		1		41		3

Settlement loss3,4	—		—		1		3
Total before tax	$	14	$	1	$	41	$	5
Tax benefit2	(3)		—		(9)		(1)
After-tax	$	11	$	1	$	32	$	4
Amortization of other benefit plans:
Prior service benefit3,4	$	(231)	$	—	$	(692)	$	—
Actuarial gains3,4	23		1		70		1
Curtailment gain	—		—		(1)		—
Total before tax	$	(208)	$	1	$	(623)	$	1
Tax expense2	51		—		148		—
After-tax	$	(157)	$	1	$	(475)	$	1



Unrealized Loss on Investments4	$	—	$	—	$	7	$	—
Tax benefit2	—		—		—		—
After-tax	$	—	$	—	$	7	$	—
Total reclassifications for the period, after-tax	$	(141)	$	(17)	$	(444)	$	12

1.Reflected in cost of goods sold in the interim Consolidated Statements of Operations.

2.Reflected in (benefit from) provision for income taxes from continuing operations in the interim Consolidated Statements of 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 in the interim Consolidated Statements of Operations.