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Fair Value Measurements - Recurring Basis (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023
--- | --- | ---
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | $ 289 | $ 70
Derivative assets, fair value | 86 | 84
Fair value on a recurring basis |  |
Assets and Liabilities Measured on Recurring Basis |  |
Solventum common stock | 1,817 | 0
Fair value on a recurring basis | Foreign currency forward/option contracts |  |
Assets and Liabilities Measured on Recurring Basis |  |
Derivative assets, fair value | 86 | 84
Derivative liability, fair value | 11 | 39
Fair value on a recurring basis | Interest rate contracts |  |
Assets and Liabilities Measured on Recurring Basis |  |
Derivative liability, fair value | 96 | 88
Fair value on a recurring basis | Asset backed securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 8 | 0
Fair value on a recurring basis | Foreign corporate debt |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 6 | 0
Fair value on a recurring basis | U.S. government securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 27 | 0
Fair value on a recurring basis | Corporate debt securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 80 | 0
Fair value on a recurring basis | Commercial paper |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 40 | 0
Fair value on a recurring basis | Certificates of deposit/time deposits |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 91 | 46
Fair value on a recurring basis | U.S. treasury securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 13 | 0
Fair value on a recurring basis | U.S. municipal securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 24 | 24
Fair value on a recurring basis | Level 1 |  |
Assets and Liabilities Measured on Recurring Basis |  |
Solventum common stock | 1,817 | 0
Fair value on a recurring basis | Level 1 | Foreign currency forward/option contracts |  |
Assets and Liabilities Measured on Recurring Basis |  |
Derivative assets, fair value | 0 | 0
Derivative liability, fair value | 0 | 0
Fair value on a recurring basis | Level 1 | Interest rate contracts |  |
Assets and Liabilities Measured on Recurring Basis |  |
Derivative liability, fair value | 0 | 0
Fair value on a recurring basis | Level 1 | Asset backed securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 1 | Foreign corporate debt |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 1 | U.S. government securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 27 | 0
Fair value on a recurring basis | Level 1 | Corporate debt securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 1 | Commercial paper |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 1 | Certificates of deposit/time deposits |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 1 | U.S. treasury securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 13 | 0
Fair value on a recurring basis | Level 1 | U.S. municipal securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 2 |  |
Assets and Liabilities Measured on Recurring Basis |  |
Solventum common stock | 0 | 0
Fair value on a recurring basis | Level 2 | Foreign currency forward/option contracts |  |
Assets and Liabilities Measured on Recurring Basis |  |
Derivative assets, fair value | 86 | 84
Derivative liability, fair value | 11 | 39
Fair value on a recurring basis | Level 2 | Interest rate contracts |  |
Assets and Liabilities Measured on Recurring Basis |  |
Derivative liability, fair value | 96 | 88
Fair value on a recurring basis | Level 2 | Asset backed securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 8 | 0
Fair value on a recurring basis | Level 2 | Foreign corporate debt |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 6 | 0
Fair value on a recurring basis | Level 2 | U.S. government securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 2 | Corporate debt securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 80 | 0
Fair value on a recurring basis | Level 2 | Commercial paper |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 40 | 0
Fair value on a recurring basis | Level 2 | Certificates of deposit/time deposits |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 91 | 46
Fair value on a recurring basis | Level 2 | U.S. treasury securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 2 | U.S. municipal securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 3 |  |
Assets and Liabilities Measured on Recurring Basis |  |
Solventum common stock | 0 | 0
Fair value on a recurring basis | Level 3 | Foreign currency forward/option contracts |  |
Assets and Liabilities Measured on Recurring Basis |  |
Derivative assets, fair value | 0 | 0
Derivative liability, fair value | 0 | 0
Fair value on a recurring basis | Level 3 | Interest rate contracts |  |
Assets and Liabilities Measured on Recurring Basis |  |
Derivative liability, fair value | 0 | 0
Fair value on a recurring basis | Level 3 | Asset backed securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 3 | Foreign corporate debt |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 3 | U.S. government securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 3 | Corporate debt securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 3 | Commercial paper |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 3 | Certificates of deposit/time deposits |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 3 | U.S. treasury securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | 0 | 0
Fair value on a recurring basis | Level 3 | U.S. municipal securities |  |
Assets and Liabilities Measured on Recurring Basis |  |
Available-for-sale marketable securities | $ 24 | $ 24

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