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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income/(loss) [1] $ (330) $ 1,704 $ 3,109 $ 4,214
Other comprehensive income/(loss), before tax:        
Foreign currency translation adjustments (330) 151 (273) 180
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 (215) 131 64 279
Reclassification of (gains)/losses to net income (234) 202 (206) 51
Total unrealized gains/(losses) on cash flow hedges (449) 333 (142) 330
Retirement-related benefit plans:        
Prior service costs/(credits) 0 0 0 0
Net (losses)/gains arising during the period 100 102 101 104
Curtailments and settlements 2,727 2 2,731 7
Amortization of prior service costs/(credits) (2) (2) (5) (6)
Amortization of net (gains)/losses 246 128 765 389
Total retirement-related benefit plans 3,072 230 3,592 494
Other comprehensive income/(loss), before tax 2,293 714 3,178 1,003
Income tax (expense)/benefit related to items of other comprehensive income (392) (313) (835) (361)
Other comprehensive income/(loss), net of tax 1,900 402 2,343 642
Total comprehensive income $ 1,570 $ 2,105 $ 5,452 $ 4,857
[1] 2024 includes the impact of a one-time, non-cash pension settlement charge. Refer to note 18, "Retirement-Related Benefits," for additional information.