XML 91 R49.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Equity and Accumulated Other Comprehensive Earnings  
Schedule of activity related to accumulated other comprehensive earnings (loss)

($ in millions)

    

Foreign

Currency

Translation

(Net of Tax)

    

Pension and

Other Postretirement

Benefits

(Net of Tax)

    

Derivatives Designated as Hedges
(Net of Tax)

    

Accumulated

Other

Comprehensive

Earnings (Loss)

Balance at December 31, 2017

$

(307)

$

(362)

$

13

$

(656)

Other comprehensive earnings (loss) before reclassifications

(197)

33

25

(139)

Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings

52

(92)

(40)

Balance at December 31, 2018

$

(504)

$

(277)

$

(54)

$

(835)

Other comprehensive earnings (loss) before reclassifications

119

(223)

67

(37)

Amounts reclassified from accumulated other comprehensive earnings (loss) into earnings

18

(22)

(4)

Currency translation recognized in earnings from the sale of the Argentina steel aerosol business

45

45

Stranded tax effects reclassified into retained earnings

(76)

(3)

(79)

Balance at December 31, 2019

$

(340)

$

(558)

$

(12)

$

(910)

Information related to amounts reclassified into net earnings from accumulated other comprehensive earnings (loss)

Years Ended December 31,

($  in millions)

    

2019

    

2018

    

2017

Gains (losses) on cash flow hedges:

Commodity contracts recorded in net sales

$

18

$

1

$

(7)

Commodity contracts recorded in cost of sales

(45)

54

50

Currency exchange contracts recorded in selling, general and administrative

7

1

(1)

Cross-currency swaps recorded in selling, general and administrative

35

49

(136)

Cross-currency swaps recorded in interest expense

12

14

16

Interest rate contracts recorded in interest expense

1

Total before tax effect

28

119

(78)

Tax benefit (expense) on amounts reclassified into earnings

(6)

(27)

13

Recognized gain (loss), net of tax

$

22

$

92

$

(65)

Amortization of pension and other postretirement benefits: (a)

Prior service income (expense)

$

(2)

$

(1)

$

(1)

Actuarial gains (losses)

(14)

(32)

(34)

Effect of pension settlements

(8)

(36)

(44)

Total before tax effect

(24)

(69)

(79)

Tax benefit (expense) on amounts reclassified into earnings

6

17

30

Recognized gain (loss), net of tax

$

(18)

$

(52)

$

(49)

(a)These components include the computation of net periodic benefit cost detailed in Note 17.