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Derivatives - Net Investment Hedges (Details) - Net Investment Hedges € in Millions | 3 Months Ended |
--- | --- | ---
Mar. 31, 2021 USD ($) | Mar. 31, 2020 USD ($) | Mar. 31, 2021 EUR (€)
Net investment hedges |  |  |
Effective portion of net investment hedge reclassified out of other comprehensive income into income | $ 0 | $ 0 |
Pretax Gain (Loss) Recognized as Cumulative Translation within Other Comprehensive Income on Effective Portion of Instrument | 169,000,000 | 16,000,000 |
Cost of sales |  |  |
Net investment hedges |  |  |
Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income | (1,000,000) | 5,000,000 |
Foreign currency forward/options contracts |  |  |
Net investment hedges |  |  |
Derivative notional amount | € |  |  | € 50
Pretax Gain (Loss) Recognized as Cumulative Translation within Other Comprehensive Income on Effective Portion of Instrument | 2,000,000 | 1,000,000 |
Foreign currency forward/options contracts | Cost of sales |  |  |
Net investment hedges |  |  |
Amount of Gain (Loss) Excluded from Effectiveness Testing Recognized in Income | (1,000,000) | 5,000,000 |
Foreign currency denominated debt |  |  |
Net investment hedges |  |  |
Face amount of debt designated as a net investment hedge | € |  |  | € 3,500
Pretax Gain (Loss) Recognized as Cumulative Translation within Other Comprehensive Income on Effective Portion of Instrument | $ 167,000,000 | $ 15,000,000 |

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- Definition The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -Subparagraph (a)(1),(2) -URI http://asc.fasb.org/extlink&oid=121577467&loc=d3e76258-113986 + Details
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- Definition Amount, after tax, of reclassification from other comprehensive income (loss) to earnings from the sale or complete or substantially complete liquidation of an investment in a foreign entity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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- Definition Amount, before tax, of increase (decrease) in the cumulative translation adjustment from gain (loss) on foreign currency derivatives that are designated as, and are effective as, economic hedges of a net investment in a foreign entity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 35 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121605123&loc=d3e30304-110892 + Details
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