Investor Presentaiton

(In millions) Amounts from Consolidated Statements of Income Gain (loss) on derivatives designated as cash flow hedges Currency exchange contracts Hedged item Derivative designated as hedging instrument Commodity contracts Hedged item Derivative designated as hedging instrument Gain (loss) on derivatives designated as fair value hedges Fixed-to-floating interest rate swaps Hedged item Derivative designated as hedging instrument (In millions) Amounts from Consolidated Statements of Income Gain (loss) on derivatives designated as cash flow hedges Currency exchange contracts Hedged item Derivative designated as hedging instrument Commodity contracts Hedged item Derivative designated as hedging instrument Gain (loss) on derivatives designated as fair value hedges Fixed-to-floating interest rate swaps Hedged item Derivative designated as hedging instrument 70 770 $ 2021 Cost of products sold Net sales 19,628 $ $ 6 (6) Interest expense - net 13,293 $ 144 (9) 9 51 (51) Net sales 2020 Cost of products sold Interest expense - net 17,858 $ 12,408 $ 149 13 5 $ (13) (5) (1) $ 1 (45) 45

View entire presentation