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HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jul. 01, 2022 | Jul. 02, 2021 | Jul. 01, 2022 | Jul. 02, 2021 | Dec. 31, 2021
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Maximum Length of Time Hedged in Cash Flow Hedge |  |  | 3 years |  |
Anticipated gains (losses) cash flows hedges, estimated reclassification to earnings during next twelve months |  |  | $ 212 |  |
Reclassification adjustments recognized in net income | $ 0 | $ (180) | (200) | $ (180) |
Net Investment Hedging |  |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Derivative, Notional Amount | 11,752 |  | 11,752 |  | $ 12,852
Reclassification adjustments recognized in net income |  | $ 4 |  | $ 4 |
Foreign currency contracts | Cash Flow Hedging |  |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Derivative, Notional Amount | 5,927 |  | 5,927 |  | 7,399
Foreign currency contracts | Net Investment Hedging |  |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Derivative, Notional Amount | 0 |  | 0 |  | 40
Cross Currency Swap | Cash Flow Hedging |  |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Derivative, Notional Amount | 1,524 |  | 1,524 |  | 1,994
Commodity Contract | Cash Flow Hedging |  |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Derivative, Notional Amount | 36 |  | 36 |  | 10
Interest Rate Swap | Fair Value Hedging |  |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Derivative, Notional Amount | 13,205 |  | 13,205 |  | 12,113
Not Designated as Hedging Instrument [Member] | Foreign currency contracts |  |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Derivative, Notional Amount | 4,638 |  | 4,638 |  | 4,258
Not Designated as Hedging Instrument [Member] | Interest Rate Contract |  |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Derivative, Notional Amount |  |  |  |  | 200
Not Designated as Hedging Instrument [Member] | Commodity Contract |  |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |  |
Derivative, Notional Amount | $ 679 |  | $ 679 |  | $ 908

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- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121549185&loc=d3e80748-113994 + Details
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- Definition Maximum length of time over which the entity is hedging its exposure to the variability in future cash flows for forecasted transactions, excluding those forecasted transactions related to the payment of variable interest on existing financial instruments, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121549185&loc=d3e80748-113994 + Details
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