Supplemental Financial Information

12 Months Ended

Dec. 31, 2018

Disclosure Text Block Supplement [Abstract]

Supplemental financial information

13. Supplemental financial information

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

	For Years Ended December 31,
	2018			2017			2016
Other income (a)	$	150		$	163		$	219
Other expense (b)		(52	)		(88	)		(64	)
Total	$	98		$	75		$	155

(a) Other income includes interest, royalty and lease income; investment gains and losses; and other miscellaneous items. As of January 1, 2017, royalties are recorded in OI&E instead of revenue.

(b) Other expense includes a portion of pension and other retiree benefit costs. It also includes currency gains and losses and tax interest expense.

Prepaid expenses and other current assets

	December 31,
	2018		2017
Prepaid taxes on intercompany inventory profits, net	$	132	$	768
Other		308		262
Total	$	440	$	1,030

Property, plant and equipment at cost

	Depreciable	December 31,
	Lives (Years)	2018		2017
Land	n/a	$	128	$	127
Buildings and improvements	5 - 40		2,497		2,467
Machinery and equipment	2 - 10		2,800		2,195
Total		$	5,425	$	4,789

Other long-term liabilities

	December 31,
	2018		2017
Long-term portion of tax on indefinitely reinvested earnings	$	506	$	635
Other		684		668
Total	$	1,190	$	1,303

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

	December 31,
	2018			2017
Postretirement benefit plans (a):
Net actuarial loss	$	(473	)	$	(394	)
Prior service credit		2			10
Cash flow hedge derivative instruments		(2	)		—
Total	$	(473	)	$	(384	)

(a) Includes $30 million for the adoption of ASU 2018-02. See Note 2 for additional information.

Details on amounts reclassified out of accumulated other comprehensive income (loss), net of taxes, to net income

Our Consolidated Statements of Comprehensive Income include items that have been recognized within net income in 2018, 2017 and 2016. The table below details where these transactions are recorded in our Consolidated Statements of Income.

	For Years Ended									Impact to
	December 31,									Related Statement
	2018			2017			2016			of Income Lines
Net actuarial losses of defined benefit plans:
Recognized net actuarial loss and settlement losses (a)	$	65		$	83		$	76		Decrease to OI&E
Tax effect		(15	)		(27	)		(25	)	Decrease to provision for income taxes
Recognized within net income, net of taxes	$	50		$	56		$	51		Decrease to net income
Prior service credit of defined benefit plans:
Amortization of prior service credit (a)	$	(4	)	$	(6	)	$	(5	)	Increase to OI&E
Tax effect		1			1			2		Increase to provision for income taxes
Recognized within net income, net of taxes	$	(3	)	$	(5	)	$	(3	)	Increase to net income
Derivative instruments:
Amortization of treasury-rate locks	$	—		$	1		$	1		Increase to interest and debt expense
Tax effect		—			—			—		Decrease to provision for income taxes
Recognized within net income, net of taxes	$	—		$	1		$	1		Decrease to net income

(a) Detailed in Note 9.