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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net income/(loss) $ 1,704 $ (3,196) [1] $ 4,214 $ (1,071) [1],[2]
Other comprehensive income/(loss), before tax:        
Foreign currency translation adjustments 151 143 180 799
Net changes related to available-for-sale securities:        
Unrealized gains/(losses) arising during the period 0 0 (1) (1)
Reclassification of (gains)/losses to net income 0 0 0 0
Total net changes related to available-for-sale securities 0 0 (1) (1)
Unrealized gains/(losses) on cash flow hedges:        
Unrealized gains/(losses) arising during the period 131 189 279 449
Reclassification of (gains)/losses to net income 202 (12) 51 4
Total unrealized gains/(losses) on cash flow hedges 333 178 330 453
Retirement-related benefit plans:        
Prior service costs/(credits) 0 412 0 408
Net (losses)/gains arising during the period 102 53 104 63
Curtailments and settlements 2 5,913 7 5,931
Amortization of prior service (credits)/costs (2) 3 (6) 16
Amortization of net (gains)/losses 128 388 389 1,305
Total retirement-related benefit plans 230 6,768 494 7,722
Other comprehensive income/(loss), before tax 714 7,089 1,003 8,973
Income tax (expense)/benefit related to items of other comprehensive income (313) (2,058) (361) (2,877)
Other comprehensive income/(loss), net of tax 402 5,030 642 6,096
Total comprehensive income $ 2,105 $ 1,834 $ 4,857 $ 5,025
[1] Includes the impact of a one-time, non-cash pension settlement charge. Refer to note 18, "Retirement-Related Benefits," for additional information.
[2] ncludes immaterial cash flows from discontinued operations.