v3.20.2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - EFFECT OF DERIVATIVE INSTRUMENTS (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net Investment Hedges        
Derivative Instruments, Gain (Loss)        
Gains and losses on derivatives used as fair value hedges of foreign currency risk / net investment hedges included in other comprehensive income (loss) during the period $ 47 $ (10)    
Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) recognized in income on derivative instruments (696) 153 $ (867) $ 241
Interest expense        
Derivative Instruments, Gain (Loss)        
Gain (loss) recognized in income on derivative instruments 6 (2) 8 (20)
Foreign exchange gains (losses)        
Derivative Instruments, Gain (Loss)        
Gain (loss) recognized in income on derivative instruments 48 (18) (179) 21
Foreign currency | Fair Value Hedging        
Derivative Instruments, Gain (Loss)        
Gains and losses on derivatives used as fair value hedges of foreign currency risk / net investment hedges included in other comprehensive income (loss) during the period (1) 0 (1) (2)
Foreign currency | Cash Flow Hedges        
Derivative Instruments, Gain (Loss)        
Gains and losses on derivative instruments used as cash flow hedges included in other comprehensive income (loss) during the period (4) (10) (21) (7)
Amounts released from accumulated other comprehensive income (loss) during the period - Cash flow hedge of foreign currency risk 3 (2) 5 0
Commodities | Cash Flow Hedges        
Derivative Instruments, Gain (Loss)        
Gains and losses on derivative instruments used as cash flow hedges included in other comprehensive income (loss) during the period 0 12 0 20
Amounts released from accumulated other comprehensive income (loss) during the period - Cash flow hedge of foreign currency risk 0 (9) 0 (9)
Foreign currency | Net Investment Hedges        
Derivative Instruments, Gain (Loss)        
Gains and losses on derivatives used as fair value hedges of foreign currency risk / net investment hedges included in other comprehensive income (loss) during the period     100 (55)
Foreign currency gains and losses on intercompany loans used as net investment hedges included in other comprehensive income (loss) during the period (40) 39    
Hedge accounting | 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     (37) 44
Hedge accounting | Foreign currency | Net sales        
Derivative Instruments, Gain (Loss)        
Gain (loss) on hedge accounting (4) (2) (10) 0
Hedge accounting | Foreign currency | Foreign exchange gains (losses)        
Derivative Instruments, Gain (Loss)        
Gain (loss) on hedge accounting 13 (1) 23 7
Hedge accounting | Commodities | Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) on hedge accounting 0 10 0 10
Hedge accounting | Interest rate | Interest expense        
Derivative Instruments, Gain (Loss)        
Gain (loss) on hedge accounting 6 (3) 8 (11)
Economic hedges | Foreign currency | Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges (344) (20) (1,459) 146
Economic hedges | Foreign currency | Foreign exchange gains (losses)        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges 35 (17) (202) 14
Economic hedges | Commodities | Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges (403) 190 583 84
Economic hedges | Other | Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges 51 (27) 9 1
Economic hedges | Interest rate | Interest expense        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges $ 0 $ 1 $ 0 $ (9)