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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 | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jul. 01, 2022 | Jun. 30, 2023 | Jul. 01, 2022
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Gains (Losses) arising during the period | $ (31) | $ 97 | $ (107) | $ 180
Reclassification adjustments recognized in net income | 4 | 36 | 3 | 39
Cash Flow Hedging |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Gains (Losses) arising during the period | 4 | 99 | (43) | 181
Reclassification adjustments recognized in net income | (4) | (36) | (3) | (39)
Net operating revenues |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Reclassification adjustments recognized in net income | 7 |  | 6 |
Net operating revenues | Foreign currency contracts | Cash Flow Hedging |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Gains (Losses) arising during the period | (22) | 197 | (58) | 278
Reclassification adjustments recognized in net income | (7) | 52 | (6) | 60
Cost of goods sold |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Reclassification adjustments recognized in net income | (1) |  | (2) |
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 | 13 | 16 | 17 | 22
Reclassification adjustments recognized in net income | 4 | 2 | 8 | 3
Cost of goods sold | Commodity Contract | Cash Flow Hedging |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Gains (Losses) arising during the period | (9) |  | (11) |
Reclassification adjustments recognized in net income | (3) |  | (6) |
Interest expense |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Reclassification adjustments recognized in net income | 1 |  | 2 |
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 | 0 | 0
Reclassification adjustments recognized in net income | (1) | (1) | (2) | (2)
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 | 22 | (114) | 9 | (119)
Reclassification adjustments recognized in net income | $ 3 | $ (89) | $ 3 | $ (100)

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