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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Financial Instruments [Table Text Block]
The notional amounts of qualifying and non-qualifying financial instruments used in hedging transactions were as follows:

In millionsJune 30, 2020 December 31, 2019
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts$242  $407  
Derivatives in Fair Value Hedging Relationships:
Interest rate contracts—  700  
Derivatives in Net Investment Hedging Relationships:
Interest rate contracts—  475  
Foreign exchange contracts51—  
Derivatives Not Designated as Hedging Instruments:
Electricity contract 16  
Foreign exchange contracts—   
Gains Or Losses Recognized In Accumulated Other Comprehensive Income (AOCI), Net Of Tax, Related To Derivative Instruments [Table Text Block]
The following table shows gains or losses recognized in AOCI, net of tax, related to derivative instruments: 

 Gain (Loss)
Recognized in
AOCI
on Derivatives
(Effective Portion)
 Three Months Ended
June 30,
Six Months Ended
June 30,
In millions2020201920202019
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts$—  $ $(30) $ 
Total$—  $ $(30) $ 
Derivatives in Net Investment Hedging Relationships:
Interest rate contracts$ $(3) $24  $(3) 
Total$ $(3) $24  $(3) 
Gains And Losses Recognized In Consolidated Statement Of Operations On Qualifying And Non-Qualifying Financial Instruments [Table Text Block]
The amounts of gains and losses recognized in the statement of operations on qualifying and non-qualifying financial instruments used in hedging transactions were as follows:

 Gain (Loss)
Reclassified from
AOCI
(Effective Portion)
Location of Gain (Loss)
Reclassified from AOCI
(Effective Portion)
 Three Months Ended
June 30,
Six Months Ended
June 30,
 
In millions2020201920202019 
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts$(9) $—  $(20) $(1) Cost of products sold
Total$(9) $—  $(20) $(1) 
 Gain (Loss) RecognizedLocation of Gain (Loss)
In 
Statement
of Operations
 Three Months Ended
June 30,
Six Months Ended
June 30,
 
In millions2020201920202019 
Derivatives in Fair Value Hedging Relationships:
Interest rate contracts$—  $19  $38  $31  Interest expense, net
Debt—  (19) (38) (31) Interest expense, net
Total$—  $—  $—  $—  
Derivatives in Net Investment Hedging Relationships:
Foreign exchange contracts$ $—  $ $—  Net (gains) losses on sales and impairments of businesses
Total$ $—  $ $—  
Derivatives Not Designated as Hedging Instruments:
Electricity contract$—  $ $(3) $ Cost of products sold
Foreign exchange contracts—   —   Cost of products sold
Total$—  $ $(3) $ 
Impact Of Derivative Instruments In Consolidated Balance Sheet [Table Text Block]
The following table provides a summary of the impact of our derivative instruments in the balance sheet:

Fair Value Measurements
Level 2 – Significant Other Observable Inputs
 
 Assets Liabilities 
In millionsJune 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 
Derivatives designated as hedging instruments
Foreign exchange contracts – cash flow$ $10  $21  $ 
Foreign exchange contracts- net investment  —  —  —  
Interest rate contracts - net investment —  11  —  —  
Interest rate contracts - fair value—  47  —  —  
Total derivatives designated as hedging instruments 68  21   
Derivatives not designated as hedging instruments
Electricity contract—  —    
Foreign exchange contracts —  —  —   
Total derivatives not designated as hedging instruments—    —    
Total derivatives$ (a)$68  (b)$23  (c)$ (c)
 
(a)Included in Other current assets in the accompanying consolidated balance sheet.
(b)Includes $14 million recorded in Other current assets and $54 million recorded in Deferred charges and other assets in the accompanying consolidated balance sheet.
(c)Included in Other current liabilities in the accompanying consolidated balance sheet.