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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (Loss)
The following tables set forth the changes in AOCI by component and the reclassifications out of AOCI for the years ended December 31, 2022 and 2021:
 
 
Foreign
Currency
Translation
Adjustment
 
Deferred
Gain (Loss)
on Hedging
Activities
Pension and
Other
Postretirement
Benefit
Liabilities
Adjustment
 
Unrealized
Gain (Loss)
on
Investments
 
Accumulated
Other
Comprehensive
Income (Loss)
(In millions)
Balance at December 31, 2020$(2,424)$185 $(365)$— $(2,604)
Other comprehensive income before reclassifications(119)507 190 (2)576 
Gain (loss) on net investment hedges398 — — — 398 
Amounts reclassified from AOCI— (474)99 — (375)
Tax effect(103)(71)— (167)
Net of tax amount176 40 218 (2)432 
Balance at December 31, 2021$(2,248)$225 $(147)$(2)$(2,172)
Other comprehensive income before reclassifications(609)268 117 (12)(236)
Gain (loss) on net investment hedges328    328 
Amounts reclassified from AOCI (352)23  (329)
Tax effect(93)7 (15)1 (100)
Net of tax amount(374)(77)125 (11)(337)
Balance at December 31, 2022$(2,622)$148 $(22)$(13)$(2,509)
Reclassification Out of Accumulated Other Comprehensive Income [Table Text Block]
Amounts reclassified from AOCI
Year Ended December 31
Affected line item in the
consolidated statement of
Details about AOCI components202220212020earnings
(In millions)
Deferred loss (gain) on hedging activities
$(1)$16 $68 Revenues
(351)(490)(27)Cost of products sold
 — Interest expense
 — Other (income) expense - net
(352)(474)45 Earnings before income taxes
62 118 Income tax expense
$(290)$(356)$52 Net earnings
Pension liability adjustment
Amortization of defined benefit pension items:
Prior service losses (credit)$(119)$(77)$(32)Other (income) expense - net
Actuarial losses142 176 39 Other (income) expense - net
23 99 Earnings before income taxes
(4)(26)(11)Income tax expense
$19 $73 $(4)Net earnings