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OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Other Comprehensive Income (Loss) [Abstract]        
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in AOCI for the three-month period ended June 30, 2013:
In millions
 
Defined Benefit Pension and Postretirement Items (a)
 
Change in Cumulative Foreign Currency Translation Adjustments (a)
 
Net Gains and Losses on Cash Flow Hedging Derivatives (a)
 
Total (a)
Balance as of March 31, 2013
 
$
(3,518
)
 
$
(255
)
 
$
10

 
$
(3,763
)
Other comprehensive income (loss) before reclassifications
 
—

 
(337
)
 
(15
)
 
(352
)
Amounts reclassified from accumulated other comprehensive income
 
76

 
—

 
(12
)
 
64

Net Current Period Other Comprehensive Income
 
76

 
(337
)
 
(27
)
 
(288
)
Balance as of June 30, 2013
 
$
(3,442
)
 
$
(592
)
 
$
(17
)
 
$
(4,051
)
(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.
The following table presents changes in AOCI for the three-month period ended June 30, 2012:
In millions
 
Defined Benefit Pension and Postretirement Items (a)
 
Change in Cumulative Foreign Currency Translation Adjustments (a)
 
Net Gains and Losses on Cash Flow Hedging Derivatives (a)
 
Total (a)
Balance as of March 31, 2012
 
$
(2,779
)
 
$
82

 
$
(5
)
 
$
(2,702
)
Other comprehensive income (loss) before reclassifications
 
—

 
(474
)
 
(21
)
 
(495
)
Amounts reclassified from accumulated other comprehensive income
 
49

 
—

 
9

 
58

Net Current Period Other Comprehensive Income
 
49

 
(474
)
 
(12
)
 
(437
)
Balance as of June 30, 2012
 
$
(2,730
)
 
$
(392
)
 
$
(17
)
 
$
(3,139
)
(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.
The following table presents changes in AOCI for the six-month period ended June 30, 2013:
In millions
 
Defined Benefit Pension and Postretirement Items (a)
 
Change in Cumulative Foreign Currency Translation Adjustments (a)
 
Net Gains and Losses on Cash Flow Hedging Derivatives (a)
 
Total (a)
Balance as of January 1, 2013
 
$
(3,596
)
 
$
(246
)
 
$
2

 
$
(3,840
)
Other comprehensive income (loss) before reclassifications
 
—

 
(363
)
 
(10
)
 
(373
)
Amounts reclassified from accumulated other comprehensive income
 
154

 
17

 
(9
)
 
162

Net Current Period Other Comprehensive Income
 
154

 
(346
)
 
(19
)
 
(211
)
Balance as of June 30, 2013
 
$
(3,442
)
 
$
(592
)
 
$
(17
)
 
$
(4,051
)
(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.
The following table presents changes in AOCI for the six-month period ended June 30, 2012:
In millions
 
Defined Benefit Pension and Postretirement Items (a)
 
Change in Cumulative Foreign Currency Translation Adjustments (a)
 
Net Gains and Losses on Cash Flow Hedging Derivatives (a)
 
Total (a)
Balance as of January 1, 2012
 
$
(2,852
)
 
$
(117
)
 
$
(36
)
 
$
(3,005
)
Other comprehensive income (loss) before reclassifications
 
24

 
(240
)
 
6

 
(210
)
Amounts reclassified from accumulated other comprehensive income
 
98

 
(35
)
 
13

 
76

Net Current Period Other Comprehensive Income
 
122

 
(275
)
 
19

 
(134
)
Balance as of June 30, 2012
 
$
(2,730
)
 
$
(392
)
 
$
(17
)
 
$
(3,139
)
(a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI.
Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss)
The following table presents details of the reclassifications out of AOCI for the three-month period ended June 30, 2013:
Details About Accumulated Other Comprehensive Income Components
 
Amount Reclassified from Accumulated Other Comprehensive Income (a)
 
Location of Amount Reclassified from AOCI
In millions:
 
 
 
 
Defined benefit pension and postretirement items:
 
 
 
 
Prior-service costs
 
$
(3
)
(b)
Cost of products sold
Actuarial gains/(losses)
 
(122
)
(b)
Cost of products sold
Total pre-tax amount
 
(125
)
 
 
Tax (expense)/benefit
 
49

 
 
Net of tax
 
$
(76
)
 
 
Net gains and losses on cash flow hedging derivatives:
 
 
 
 
Foreign exchange contracts
 
$
18

(c)
Cost of products sold
Total pre-tax amount
 
18

 
 
Tax (expense)/benefit
 
(6
)
 
 
Net of tax
 
12

 
 
Total reclassifications for the period
 
$
(64
)
 
 
(a) Amounts in parentheses indicate debits to earnings/loss.
(b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 16 for additional details).
(c) This accumulated other comprehensive income component is included in our derivatives and hedging activities (see Note 15 for additional details).
The following table presents details of the reclassifications out of AOCI for the three-month period ended June 30, 2012:
Details About Accumulated Other Comprehensive Income Components
 
Amount Reclassified from Accumulated Other Comprehensive Income (a)
 
Location of Amount Reclassified from AOCI
In millions:
 
 
 
 
Defined benefit pension and postretirement items:
 
 
 
 
Prior-service costs
 
$
—

(b)
Cost of products sold
Actuarial gains/(losses)
 
(80
)
(b)
Cost of products sold
Total pre-tax amount
 
(80
)
 
 
Tax (expense)/benefit
 
31

 
 
Net of tax
 
$
(49
)
 
 
Net gains and losses on cash flow hedging derivatives:
 
 
 
 
Foreign exchange contracts
 
$
(10
)
(c)
Cost of products sold
Natural gas contracts
 
(4
)
(c)
Cost of products sold
Total pre-tax amount
 
(14
)
 
 
Tax (expense)/benefit
 
5

 
 
Net of tax
 
(9
)
 
 
Total reclassifications for the period
 
$
(58
)
 
 

(a) Amounts in parentheses indicate debits to earnings/loss.
(b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 16 for additional details).
(c) This accumulated other comprehensive income component is included in our derivatives and hedging activities (see Note 15 for additional details).
The following table presents details of the reclassifications out of AOCI for the six-month period ended June 30, 2013:
Details About Accumulated Other Comprehensive Income Components
 
Amount Reclassified from Accumulated Other Comprehensive Income (a)
 
Location of Amount Reclassified from AOCI
In millions
 
 
 
 
Defined benefit pension and postretirement items:
 
 
 
 
Prior-service costs
 
$
(5
)
(b)
Cost of products sold
Actuarial gains/(losses)
 
(247
)
(b)
Cost of products sold
Total pre-tax amount
 
(252
)
 

Tax (expense)/benefit
 
98

 

Net of tax
 
$
(154
)
 

Change in cumulative foreign currency translation adjustments:
 
 
 
 
Business acquisition/divestitures
 
$
(17
)
 
Net bargain purchase gain on acquisition of business
Tax (expense)/benefit
 
—

 
 
Net of tax
 
$
(17
)
 
 
Net gains and losses on cash flow hedging derivatives:
 
 
 
 
Foreign exchange contracts
 
$
13

(c)
Cost of products sold
Total pre-tax amount
 
13

 

Tax (expense)/benefit
 
(4
)
 

Net of tax
 
9

 

Total reclassifications for the period
 
$
(162
)
 


(a) Amounts in parentheses indicate debits to earnings/loss.
(b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 16 for additional details).
(c) This accumulated other comprehensive income component is included in our derivatives and hedging activities (see Note 15 for additional details).
The following table presents details of the reclassifications out of AOCI for the six-month period ended June 30, 2012:
Details About Accumulated Other Comprehensive Income Components
 
Amount Reclassified from Accumulated Other Comprehensive Income (a)
 
Location of Amount Reclassified from AOCI
In millions
 
 
 
 
Defined benefit pension and postretirement items:
 
 
 
 
Prior-service costs
 
$
(1
)
(b)
Cost of products sold
Actuarial gains/(losses)
 
(159
)
(b)
Cost of products sold
Total pre-tax amount
 
(160
)
 

Tax (expense)/benefit
 
62

 

Net of tax
 
$
(98
)
 

Change in cumulative foreign currency translation adjustments:
 
 
 
 
Business acquisitions/divestitures
 
$
48

 
Net (gains) losses on sales and impairments of businesses
Tax (expense)/benefit
 
(13
)
 
 
Net of tax
 
$
35

 
 
Net gains and losses on cash flow hedging derivatives:
 
 
 
 
Foreign exchange contracts
 
$
(10
)
(c)
Cost of products sold
Natural gas contracts
 
(11
)
(c)
Cost of products sold
Total pre-tax amount
 
(21
)
 
 
Tax (expense)/benefit
 
8

 
 
Net of tax
 
(13
)
 
 
Total reclassifications for the period
 
$
(76
)
 
 

(a) Amounts in parentheses indicate debits to earnings/loss.
(b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 16 for additional details).
(c) This accumulated other comprehensive income component is included in our derivatives and hedging activities (see Note 15 for additional details).