Stockholders' Equity (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Equity [Abstract] |
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| Reconciliation of Common Stock Share Activity |
| | | | | | | | Shares of common stock | Issued | | | Balance December 31, 2021 | 726,527,000 | | | | Issued | 4,317,000 | | | | Repurchased and retired | (17,425,000) | | | | Balance December 31, 2022 | 713,419,000 | | | | Issued | 1,965,000 | | | | Repurchased and retired | (14,124,000) | | | | Balance December 31, 2023 | 701,260,000 | | | | Issued | 2,244,000 | | | | Repurchased and retired | (17,909,000) | | | | Balance December 31, 2024 | 685,595,000 | | |
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| Schedule of Noncontrolling Interests Represented by Preferred Stock [Table Text Block] |
| | | | | | | (Shares in thousands) | Number of Shares | | Authorized | 23,000 | $4.50 Series, callable at $120 | 1,673 | $3.50 Series, callable at $102 | 700 |
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| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | | | (In millions) | Cumulative Translation Adjustment1 | Derivative Instruments | Pension Benefit Plans | Other Benefit Plans | Unrealized Gain (Loss) on Investments | Total | | 2022 | | | | | | | | Balance January 1, 2022 | $ | (2,543) | | $ | 72 | | $ | (396) | | $ | (31) | | $ | — | | $ | (2,898) | | | Other comprehensive income (loss) before reclassifications | (340) | | 63 | | 213 | | 190 | | — | | 126 | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | (55) | | 20 | | 1 | | — | | (34) | | | Net other comprehensive income (loss) | $ | (340) | | $ | 8 | | $ | 233 | | $ | 191 | | $ | — | | $ | 92 | | | Balance December 31, 2022 | $ | (2,883) | | $ | 80 | | $ | (163) | | $ | 160 | | $ | — | | $ | (2,806) | | | 2023 | | | | | | | | Other comprehensive income (loss) before reclassifications | 425 | | (123) | | (188) | | 38 | | — | | 152 | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | (12) | | (2) | | (9) | | — | | (23) | | | Net other comprehensive income (loss) | $ | 425 | | $ | (135) | | $ | (190) | | $ | 29 | | $ | — | | $ | 129 | | | | | | | | | | Balance December 31, 2023 | $ | (2,458) | | $ | (55) | | $ | (353) | | $ | 189 | | $ | — | | $ | (2,677) | | | 2024 | | | | | | | | Other comprehensive income (loss) before reclassifications | (1,014) | | 27 | | 127 | | 40 | | (6) | | (826) | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | 44 | | — | | (10) | | — | | 34 | | | Net other comprehensive income (loss) | $ | (1,014) | | $ | 71 | | $ | 127 | | $ | 30 | | $ | (6) | | $ | (792) | | | Balance December 31, 2024 | $ | (3,472) | | $ | 16 | | $ | (226) | | $ | 219 | | $ | (6) | | $ | (3,469) | |
1.The cumulative translation adjustment losses for the year ended December 31, 2024 was primarily driven by the strengthening of the U.S. Dollar ("USD") against the Brazilian Real ("BRL"), Euro ("EUR"), Swiss Franc ("CHF") and Mexican Peso ("MXN"). The cumulative translation adjustment gains for the year ended December 31, 2023 was primarily driven by the weakening of the U.S. Dollar ("USD") against the Swiss Franc ("CHF"), Brazilian Real ("BRL") and Euro ("EUR"). The cumulative translation adjustment losses for the year ended December 31, 2022 was primarily driven by the strengthening of the U.S. dollar ("USD") against the Euro ("EUR"), Indian Rupee ("INR"), South African Rand ("ZAR") and Philippine Peso ("PHP).
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| Other Comprehensive Income (Loss) |
| | | | | | | | | | | | | For the Year Ended December 31, | | (In millions) | 2024 | 2023 | 2022 | | Derivative instruments | $ | (12) | | $ | 50 | | $ | 3 | | | Pension benefit plans - net | (35) | | 60 | | (68) | | | Other benefit plans - net | (8) | | (9) | | (56) | | | Unrealized gains (losses) on investments | — | | — | | — | | | (Provision for) benefit from income taxes related to other comprehensive income (loss) items | $ | (55) | | $ | 101 | | $ | (121) | |
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| Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] |
| | | | | | | | | | | | | (In millions) | For the Year Ended December 31, | | 2024 | 2023 | 2022 | Derivative Instruments1: | $ | 65 | | $ | (8) | | $ | (63) | | Tax (benefit) expense2 | (21) | | (4) | | 8 | | | After-tax | $ | 44 | | $ | (12) | | $ | (55) | | | Amortization of pension benefit plans: | | | | Prior service (benefit) cost3,4 | $ | (4) | | $ | (3) | | $ | (3) | | Actuarial (gains) losses3,4 | 1 | | — | | 3 | | | | | | Settlement (gain) loss3,4 | 2 | | — | | 25 | | | Total before tax | $ | (1) | | $ | (3) | | $ | 25 | | Tax (benefit) expense2 | 1 | | 1 | | (5) | | | After-tax | $ | — | | $ | (2) | | $ | 20 | | | Amortization of other benefit plans: | | | | Prior service (benefit) cost3,4 | $ | (1) | | $ | (2) | | $ | (1) | | Actuarial (gains) losses3,4 | (13) | | (10) | | 2 | | | | | | | Total before tax | $ | (14) | | $ | (12) | | $ | 1 | | Tax (benefit) expense2 | 4 | | 3 | | — | | | After-tax | $ | (10) | | $ | (9) | | $ | 1 | | Unrealized (gain) loss on investments4 | $ | — | | $ | — | | $ | — | | Tax (benefit) expense2 | — | | — | | — | | After-tax | $ | — | | $ | — | | $ | — | | | Total reclassifications for the period, after-tax | $ | 34 | | $ | (23) | | $ | (34) | |
1.Reflected in cost of goods sold in the Consolidated Statements of Operations. 2.Reflected in provision for (benefit from) income taxes from continuing operations in the Consolidated Statements of Operations. 3.These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit (credit) cost of the company's pension and other benefit plans. See Note 18 - Pension Plans and Other Post-Employment Benefits, to the Consolidated Financial Statements, for additional information. 4.Reflected in other income (expense) - net in the Consolidated Statements of Operations.
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