OTHER COMPREHENSIVE INCOME (Note)

9 Months Ended

Sep. 30, 2022

Other Comprehensive Income [Note Text Block]

The following table presents changes in accumulated other comprehensive income (AOCI) for the three months and nine months ended September 30, 2022 and 2021:


	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2022		2021		2022		2021
Defined Benefit Pension and Postretirement Adjustments
Balance at beginning of period	$	(919)	$	(1,809)	$	(962)	$	(1,880)
Other comprehensive income (loss) before reclassifications	—		831		—		832
Amounts reclassified from accumulated other comprehensive income	21		31		64		101
Balance at end of period	(898)		(947)		(898)		(947)
Change in Cumulative Foreign Currency Translation Adjustments
Balance at beginning of period	(560)		(2,286)		(694)		(2,457)
Other comprehensive income (loss) before reclassifications	(120)		(114)		14		(85)
Amounts reclassified from accumulated other comprehensive income	—		44		—		184
Other comprehensive income (loss) attributable to noncontrolling interest	—		—		—		2
Balance at end of period	(680)		(2,356)		(680)		(2,356)
Net Gains and Losses on Cash Flow Hedging Derivatives
Balance at beginning of period	(10)		1		(10)		(5)
Other comprehensive income (loss) before reclassifications	—		(4)		—		3
Amounts reclassified from accumulated other comprehensive income	2		(8)		2		(9)
Balance at end of period	(8)		(11)		(8)		(11)
Total Accumulated Other Comprehensive Income (Loss) at End of Period	$	(1,586)	$	(3,314)	$	(1,586)	$	(3,314)

The following table presents details of the reclassifications out of AOCI for the three months and nine months ended September 30, 2022 and 2021:


In millions:	Amount Reclassified from Accumulated Other Comprehensive Income									Location of Amount Reclassified from AOCI
	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Defined benefit pension and postretirement items:
Prior-service costs	$	(6)	$	(5)	$	(17)	$	(17)	(a)	Non-operating pension expense (income)
Actuarial gains (losses)	(22)		(36)		(68)		(118)		(a)	Non-operating pension expense (income)
Total pre-tax amount	(28)		(41)		(85)		(135)
Tax (expense) benefit	7		10		21		34
Net of tax	(21)		(31)		(64)		(101)

Change in cumulative foreign currency translation adjustments:
Business acquisitions/divestitures	—		(44)		—		(184)			Net (gains) losses on sales and impairments of businesses and Cost of products sold
Tax (expense) benefit	—		—		—		—
Net of tax	—		(44)		—		(184)

Net gains and losses on cash flow hedging derivatives:
Interest rate contracts	(2)		—		(2)		—		(b)	Cost of products sold
Foreign exchange contracts	—		10		—		12		(b)	Cost of products sold
Total pre-tax amount	(2)		10		(2)		12
Tax (expense)/benefit	—		(2)		—		(3)
Net of tax	(2)		8		(2)		9
Total reclassifications for the period	$	(23)	$	(67)	$	(66)	$	(276)

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 19 for additional details).

(b)This accumulated other comprehensive income component is included in our derivatives and hedging activities (see Note 18 for additional details).