Supplemental financial information (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Text Block Supplement [Abstract]

Restructuring charges and other

Restructuring charges/other are included in Other for segment reporting purposes and are comprised of the following components:

	For Years Ended December 31,
	2020		2019		2018
Restructuring charges (a)	$	25	$	(15)	$	6
Gains on sales of assets	(1)		(21)		(3)
Restructuring charges/other	$	24	$	(36)	$	3

(a)Includes severance and benefits, accelerated depreciation, changes in estimates and other exit costs.

Changes in accrued restructuring balances

Changes in accrued restructuring balances

	2020		2019		2018
Balance, January 1	$	—	$	28	$	29
Restructuring charges	25		(15)		6
Non-cash items (a)	1		—		(3)
Payments	(8)		(13)		(4)
Balance, December 31	$	18	$	—	$	28

(a)Reflects charges for impacts of accelerated depreciation and changes in exchange rates.

Other income (expense), net (OI&E)

Other income (expense), net (OI&E)

	For Years Ended December 31,
	2020		2019		2018
Other income (a)	$	327	$	201	$	135
Other expense (b)	(14)		(26)		(37)
Total	$	313	$	175	$	98

(a)Other income includes royalty income, reversals of tax interest accruals, interest and lease income, as well as investment gains and losses.

(b)Other expense includes a portion of pension and other retiree benefit costs, currency gains and losses and miscellaneous items.

Property, plant and equipment at cost

Property, plant and equipment at cost

	Depreciable Lives (Years)	December 31,
		2020		2019
Land	n/a	$	125	$	126
Buildings and improvements	5 – 40	2,571		2,504
Machinery and equipment	2 – 10	3,085		3,110
Total		$	5,781	$	5,740

Other long-term liabilities

Other long-term liabilities

	December 31,
	2020		2019
Long-term portion of transition tax on indefinitely reinvested earnings	$	457	$	506
Deferred compensation plans	350		298
Operating lease liabilities	249		259
Uncertain tax positions	89		303
Other	160		148
Total	$	1,305	$	1,514

Accumulated other comprehensive income (loss), net of taxes (AOCI)

Accumulated other comprehensive income (loss), net of taxes (AOCI)

	December 31,
	2020		2019
Postretirement benefit plans:
Net actuarial loss	$	(359)	$	(347)
Prior service credit	1		2
Cash flow hedge derivative instruments	(2)		(2)
Total	$	(360)	$	(347)

Amounts reclassified out of accumulated other comprehensive income (loss), net of taxes, to net income

The table below details where these transactions are recorded in our Consolidated Statements of Income.

	For Years Ended December 31,						Impact to Related Statement of Income Lines
	2020		2019		2018
Net actuarial losses of defined benefit plans:
Recognized net actuarial loss and settlement losses (a)	$	38	$	51	$	65	Decrease to OI&E
Tax effect	(9)		(13)		(15)		Decrease to provision for income taxes
Recognized within net income, net of taxes	$	29	$	38	$	50	Decrease to net income
Prior service credit of defined benefit plans:
Amortization of prior service credit (a)	$	(1)	$	—	$	(4)	Increase to OI&E
Tax effect	—		—		1		Increase to provision for income taxes
Recognized within net income, net of taxes	$	(1)	$	—	$	(3)	Increase to net income

(a)Detailed in Note 8.