| Schedule of Deferred Compensation and Treasury Stock Activity [Table Text Block] |
Activity in the deferred compensation program for the three and six months ended June 30, 2019 and 2018 is as follows (in millions):
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Three Months Ended June 30: |
2019 |
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2018 |
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Shares |
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Dollars |
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Shares |
|
Dollars |
Deferred Compensation Obligations: |
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Balance at beginning of period |
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$ |
25 |
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$ |
31 |
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Reinvested dividends |
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|
— |
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|
— |
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Benefit payments |
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|
— |
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— |
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Balance at end of period |
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$ |
25 |
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$ |
31 |
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Treasury Stock: |
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Balance at beginning of period |
(1 |
) |
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$ |
(25 |
) |
|
(1 |
) |
|
$ |
(31 |
) |
Reinvested dividends |
— |
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|
— |
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|
— |
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|
— |
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Benefit payments |
1 |
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|
— |
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|
— |
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|
— |
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Balance at end of period |
— |
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|
(25 |
) |
|
(1 |
) |
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(31 |
) |
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Six Months Ended June 30: |
2019 |
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2018 |
|
Shares |
|
Dollars |
|
Shares |
|
Dollars |
Deferred Compensation Obligations: |
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Balance at beginning of period |
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|
$ |
32 |
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$ |
37 |
|
Reinvested dividends |
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|
1 |
|
|
|
|
1 |
|
Benefit payments |
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|
(8 |
) |
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|
(7 |
) |
Balance at end of period |
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|
$ |
25 |
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|
|
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$ |
31 |
|
Treasury Stock: |
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Balance at beginning of period |
(1 |
) |
|
$ |
(32 |
) |
|
(1 |
) |
|
$ |
(37 |
) |
Reinvested dividends |
— |
|
|
(1 |
) |
|
— |
|
|
(1 |
) |
Benefit payments |
1 |
|
|
8 |
|
|
— |
|
|
7 |
|
Balance at end of period |
— |
|
|
(25 |
) |
|
(1 |
) |
|
(31 |
) |
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| Schedule of Accumulated Other Comprehensive Income (Loss) |
The activity in AOCI for the three and six months ended June 30, 2019 and 2018 is as follows (in millions):
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Three Months Ended June 30: |
2019 |
|
2018 |
Foreign currency translation gain (loss), net of tax: |
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Balance at beginning of period |
$ |
(1,073 |
) |
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$ |
(983 |
) |
Translation adjustment (net of tax effect of $(7) and $34) |
(33 |
) |
|
(78 |
) |
Balance at end of period |
(1,106 |
) |
|
(1,061 |
) |
Unrealized gain (loss) on marketable securities, net of tax: |
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|
Balance at beginning of period |
2 |
|
|
(5 |
) |
Current period changes in fair value (net of tax effect of $3 and $0) |
5 |
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|
— |
|
Balance at end of period |
7 |
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|
(5 |
) |
Unrealized gain (loss) on cash flow hedges, net of tax: |
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|
Balance at beginning of period |
116 |
|
|
(511 |
) |
Current period changes in fair value (net of tax effect of $5 and $100) |
15 |
|
|
312 |
|
Reclassification to earnings (net of tax effect of $(9) and $6) |
(27 |
) |
|
20 |
|
Balance at end of period |
104 |
|
|
(179 |
) |
Unrecognized pension and postretirement benefit costs, net of tax: |
|
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|
Balance at beginning of period |
(3,863 |
) |
|
(4,139 |
) |
Reclassification to earnings (net of tax effect of $14 and $12) |
43 |
|
|
38 |
|
Balance at end of period |
(3,820 |
) |
|
(4,101 |
) |
Accumulated other comprehensive income (loss) at end of period |
$ |
(4,815 |
) |
|
$ |
(5,346 |
) |
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Six Months Ended June 30: |
2019 |
|
2018 |
Foreign currency translation gain (loss), net of tax: |
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|
Balance at beginning of period |
$ |
(1,126 |
) |
|
$ |
(930 |
) |
Translation adjustment (net of tax effect of $2 and $25) |
20 |
|
|
(84 |
) |
Reclassification to retained earnings pursuant to the early adoption of ASU 2018-02 |
— |
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|
(47 |
) |
Balance at end of period |
(1,106 |
) |
|
(1,061 |
) |
Unrealized gain (loss) on marketable securities, net of tax: |
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|
Balance at beginning of period |
(2 |
) |
|
(2 |
) |
Current period changes in fair value (net of tax effect of $3 and $(1)) |
9 |
|
|
(4 |
) |
Reclassification to earnings (net of tax effect of $0 and $1) |
— |
|
|
1 |
|
Balance at end of period |
7 |
|
|
(5 |
) |
Unrealized gain (loss) on cash flow hedges, net of tax: |
|
|
|
Balance at beginning of period |
40 |
|
|
(366 |
) |
Current period changes in fair value (net of tax effect of $33 and $67) |
104 |
|
|
210 |
|
Reclassification to retained earnings pursuant to the early adoption of ASU 2018-02 |
— |
|
|
(79 |
) |
Reclassification to earnings (net of tax effect of $(13) and $18) |
(40 |
) |
|
56 |
|
Balance at end of period |
104 |
|
|
(179 |
) |
Unrecognized pension and postretirement benefit costs, net of tax: |
|
|
|
Balance at beginning of period |
(3,906 |
) |
|
(3,569 |
) |
Reclassification to earnings (net of tax effect of $27 and $24) |
86 |
|
|
77 |
|
Reclassification to retained earnings pursuant to the early adoption of ASU 2018-02 |
— |
|
|
(609 |
) |
Balance at end of period |
(3,820 |
) |
|
(4,101 |
) |
Accumulated other comprehensive income (loss) at end of period |
$ |
(4,815 |
) |
|
$ |
(5,346 |
) |
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