Supplementary Information (Tables)

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Nonoperating Income (Expense)

Other Income (Expense) - Net	Three Months Ended March 31,
(In millions)	2023		2022
Interest income	$	40	$	15
Equity in earnings (losses) of affiliates - net	3		10
Net gain (loss) on sales of businesses and other assets	(1)		(3)
Net exchange gains (losses)1	(36)		(47)
Non-operating pension and other post employment benefit credit (costs)2	(31)		75
Miscellaneous income (expenses) - net3	(46)		(33)
Other income (expense) - net	$	(71)	$	17

1.Includes net pre-tax exchange gains (losses) of $(21) million and $(15) million associated with the devaluation of the Argentine peso for the three months ended March 31, 2023 and 2022, respectively.

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

3.Miscellaneous income (expenses) - net for the three months ended March 31, 2023 and 2022 includes estimated settlement reserves, gains on the sale of assets, a loss on the sale of the company’s interest in an equity investment, and other items. Additionally, the three months ended March 31, 2022 includes losses associated with a previously held equity investment.

Foreign Currency Exchange Gain (Loss)

(In millions)	Three Months Ended March 31,
	2023		2022
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	(30)	$	6
Local tax (expenses) benefits	9		(4)
Net after-tax impact from subsidiary exchange gain (loss)	$	(21)	$	2
Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	(6)	$	(53)
Tax (expenses) benefits	2		13
Net after-tax impact from hedging program exchange gain (loss)	$	(4)	$	(40)
Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(36)	$	(47)
Tax (expenses) benefits	11		9
Net after-tax exchange gain (loss)	$	(25)	$	(38)

Restrictions on Cash and Cash Equivalents

(In millions)	March 31, 2023		December 31, 2022		March 31, 2022
Cash and cash equivalents	$	1,646	$	3,191	$	2,031
Restricted cash equivalents	422		427		354
Total cash, cash equivalents and restricted cash equivalents	$	2,068	$	3,618	$	2,385