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HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS - Cash Flow Hedges Included in OCI, AOCI and Earnings (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2023 | Apr. 01, 2022
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Gains (Losses) arising during the period | $ (76) | $ 83
Reclassification adjustments recognized in net income | (1) | 3
Cash Flow Hedging |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Gains (Losses) arising during the period | (47) | 82
Reclassification adjustments recognized in net income | 1 | (3)
Net operating revenues |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Reclassification adjustments recognized in net income | (1) |
Net operating revenues | Foreign currency contracts | Cash Flow Hedging |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Gains (Losses) arising during the period | (36) | 81
Reclassification adjustments recognized in net income | 1 | 8
Cost of goods sold |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Reclassification adjustments recognized in net income | (1) |
Cost of goods sold | Foreign currency contracts | Cash Flow Hedging |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Gains (Losses) arising during the period | 4 | 6
Reclassification adjustments recognized in net income | 4 | 1
Cost of goods sold | Commodity Contract | Cash Flow Hedging |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Gains (Losses) arising during the period | (2) |
Reclassification adjustments recognized in net income | (3) |
Interest expense |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Reclassification adjustments recognized in net income | 1 |
Interest expense | Foreign currency contracts | Cash Flow Hedging |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Gains (Losses) arising during the period | 0 | 0
Reclassification adjustments recognized in net income | (1) | (1)
Other Income (loss) - net | Foreign currency contracts | Cash Flow Hedging |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |
Gains (Losses) arising during the period | (13) | (5)
Reclassification adjustments recognized in net income | $ 0 | $ (11)

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