v3.20.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - EFFECT OF DERIVATIVE INSTRUMENTS (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net Investment Hedges    
Derivative Instruments, Gain (Loss)    
Gains and losses on derivatives used as net investment hedges and foreign currency risk included in other comprehensive income (loss) during the period $ 46 $ (38)
Cost of goods sold    
Derivative Instruments, Gain (Loss)    
Gain (loss) recognized in income on derivative instruments (277) 241
Interest expense    
Derivative Instruments, Gain (Loss)    
Gain (loss) recognized in income on derivative instruments 0 (6)
Foreign exchange gains (losses)    
Derivative Instruments, Gain (Loss)    
Gain (loss) recognized in income on derivative instruments (177) 37
Foreign currency    
Derivative Instruments, Gain (Loss)    
Gains and losses on derivatives used as cash flow hedges of foreign currency risk included in other comprehensive income (loss) during the period (14) 0
Foreign currency | Fair Value Hedging    
Derivative Instruments, Gain (Loss)    
Gains and losses on derivatives used as net investment hedges and foreign currency risk included in other comprehensive income (loss) during the period 3 (2)
Foreign currency | Cash Flow Hedges    
Derivative Instruments, Gain (Loss)    
Amounts released from accumulated other comprehensive income (loss) during the period - Cash flow hedge of foreign currency risk (6) 1
Foreign currency | Net Investment Hedges    
Derivative Instruments, Gain (Loss)    
Foreign currency gains and losses on intercompany loans used as net investment hedges included in other comprehensive income (loss) during the period 22 17
Hedge accounting | Foreign currency | Net sales    
Derivative Instruments, Gain (Loss)    
Gain (loss) on hedge accounting 0 1
Hedge accounting | Foreign currency | Foreign exchange gains (losses)    
Derivative Instruments, Gain (Loss)    
Gain (loss) on hedge accounting 7 (1)
Hedge accounting | Interest rate | Interest expense    
Derivative Instruments, Gain (Loss)    
Gain (loss) on hedge accounting 0 (3)
Economic hedges | Foreign currency | Cost of goods sold    
Derivative Instruments, Gain (Loss)    
Gain (loss) on economic hedges (917) 75
Economic hedges | Foreign currency | Foreign exchange gains (losses)    
Derivative Instruments, Gain (Loss)    
Gain (loss) on economic hedges (184) 38
Economic hedges | Commodities | Cost of goods sold    
Derivative Instruments, Gain (Loss)    
Gain (loss) on economic hedges 721 138
Economic hedges | Other | Cost of goods sold    
Derivative Instruments, Gain (Loss)    
Gain (loss) on economic hedges (81) 28
Economic hedges | Interest rate | Interest expense    
Derivative Instruments, Gain (Loss)    
Gain (loss) on economic hedges $ 0 $ (3)