v3.22.2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - EFFECT OF DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
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	$ 41	$ (96)	$ (108)	$ (58)
Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments	577	(538)	(105)	(1,292)
Interest expense
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments	3	7	(3)	14
Foreign exchange gains (losses)
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments	32	(153)	79	(84)
Other income (expense)
Derivative Instruments, Gain (Loss)
Gain (loss) recognized in income on derivative instruments			1	1
Foreign currency | Fair value 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	2	(4)	2	(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	7	36	3
Amounts released from accumulated other comprehensive income (loss) during the period - Cash flow hedge of foreign currency risk	(5)	(2)	(7)	(3)
Hedge accounting | Foreign currency | Net sales
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	5	1	7	1
Hedge accounting | Foreign currency | Foreign exchange gains (losses)
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	(25)	1	(37)	(17)
Hedge accounting | Interest rate | Interest expense
Derivative Instruments, Gain (Loss)
Gain (loss) on hedge accounting	3	7	(4)	13
Economic hedges | Foreign currency | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	(70)	470	423	185
Economic hedges | Foreign currency | Foreign exchange gains (losses)
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	57	(154)	116	(67)
Economic hedges | Commodities | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	638	(1,139)	(618)	(1,736)
Economic hedges | Other | Cost of goods sold
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges	$ 9	$ 131	90	259
Economic hedges | Interest rate | Interest expense
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges			1	1
Economic hedges | Interest rate | Other income (expense)
Derivative Instruments, Gain (Loss)
Gain (loss) on economic hedges			$ 1	$ 1

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