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HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS - Cash Flow Hedges Included in OCI, AOCI and Earnings (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | $ 165 | $ 160 | $ (54)
Reclassification adjustments recognized in net income | (161) | 124 | 74
Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | 127 | 162 | (35)
Reclassification adjustments recognized in net income | 161 | (116) | (74)
Net operating revenues |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Reclassification adjustments recognized in net income | (218) |  |
Net operating revenues | Foreign currency contracts | Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | 205 | 36 | (93)
Reclassification adjustments recognized in net income | 218 | (77) | (73)
Cost of goods sold |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Reclassification adjustments recognized in net income | (26) |  |
Cost of goods sold | Foreign currency contracts | Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | 17 | (2) | 4
Reclassification adjustments recognized in net income | 28 | (10) | 9
Cost of goods sold | Commodity contracts | Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | (4) | (1) | 2
Reclassification adjustments recognized in net income | (2) | 0 | 0
Interest expense |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Reclassification adjustments recognized in net income | 4 |  |
Interest expense | Foreign currency contracts | Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | 0 | 0 | 0
Reclassification adjustments recognized in net income | (4) | (13) | (16)
Interest expense | Interest rate contracts | Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year |  | 110 | 15
Reclassification adjustments recognized in net income |  | (90) | (54)
Other income (loss) - net |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Reclassification adjustments recognized in net income | 79 |  |
Other income (loss) - net | Foreign currency contracts | Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | (91) | 19 | 37
Reclassification adjustments recognized in net income | $ (79) | $ 74 | $ 60

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