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HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS - Derivatives Not Designated as Hedging Instruments Impact on Earnings (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jul. 01, 2022 | Jul. 02, 2021 | Jul. 01, 2022 | Jul. 02, 2021
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | $ (145) | $ 174 | $ 52 | $ 37
Net operating revenues | Foreign currency contracts |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | 22 | 1 | 7 | 0
Cost of goods sold | Foreign currency contracts |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | 10 | 1 | 23 | (7)
Cost of goods sold | Commodity Contract |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | (155) | 128 | 5 | 210
Interest expense | Interest Rate Contract |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Derivative, Gain (Loss) on Derivative, Net |  |  | 0 | (187)
Selling, general and administrative expenses | Other derivative instruments |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | (18) | 12 | (21) | 20
Other Income (loss) - net | Foreign currency contracts |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | $ (4) | $ 32 | 38 | 4
Other Income (loss) - net | Other derivative instruments |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Derivative, Gain (Loss) on Derivative, Net |  |  | $ 0 | $ (3)

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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
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