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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
[2]
Statement of Comprehensive Income [Abstract]      
Net income $ 7,502 $ 1,639 [1] $ 5,743
Other comprehensive income/(loss), before tax      
Foreign currency translation adjustments 3 176 987
Net changes related to available-for-sale securities      
Unrealized gains/(losses) arising during the period 0 (1) 0
Reclassification of (gains)/losses to net income 0 0 0
Total net changes related to available-for-sale securities 0 (1) 0
Unrealized gains/(losses) on cash flow hedges      
Unrealized gains/(losses) arising during the period 207 241 344
Reclassification of (gains)/losses to net income (159) (400) 243
Total unrealized gains/(losses) on cash flow hedges 47 (158) 587
Retirement-related benefit plans      
Prior service costs/(credits) 2 463 (51)
Net (losses)/gains arising during the period (3,115) 878 2,433
Curtailments and settlements 5 5,970 94
Amortization of prior service (credits)/costs (9) 12 9
Amortization of net (gains)/losses 515 1,596 2,484
Total retirement-related benefit plans (2,602) 8,919 4,969
Other comprehensive income/(loss), before tax (2,552) 8,936 6,542
Income tax (expense)/benefit related to items of other comprehensive income 531 (2,442) (1,703)
Other comprehensive income/(loss) (2,021) 6,494 4,839
Total comprehensive income $ 5,481 $ 8,134 $ 10,582
[1] 2022 includes the impact of a one-time, non-cash pension settlement charge. Refer to note V, “Retirement-Related Benefits,” for additional information.
[2] Amounts presented have not been recast to exclude discontinued operations.