XML 96 R68.htm IDEA: XBRL DOCUMENT
v3.24.0.1

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS - Cash Flow Hedges Included in OCI, AOCI and Earnings (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | $ (194) | $ 165 | $ 160
Derivatives reclassification adjustments recognized in net income | 10 | 161 | (124)
Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | (89) | 127 | 162
Derivatives reclassification adjustments recognized in net income | 10 | 161 | (116)
Net operating revenues |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Derivatives reclassification adjustments recognized in net income | (3) |  |
Net operating revenues | Foreign currency contracts | Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | (128) | 205 | 36
Derivatives reclassification adjustments recognized in net income | (3) | 218 | (77)
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 | 19 | 17 | (2)
Derivatives reclassification adjustments recognized in net income | 14 | 28 | (10)
Cost of goods sold | Commodity contracts | Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year | (15) | (4) | (1)
Derivatives reclassification adjustments recognized in net income | (14) | (2) | 0
Interest expense |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Derivatives 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
Derivatives reclassification adjustments recognized in net income | (4) | (4) | (13)
Interest expense | Interest rate contracts | Cash Flow Hedges |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Gains (losses) arising during the year |  |  | 110
Derivatives reclassification adjustments recognized in net income |  |  | (90)
Other income (loss) - net |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |
Derivatives reclassification adjustments recognized in net income | 17 |  |
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 | 35 | (91) | 19
Derivatives reclassification adjustments recognized in net income | $ 17 | $ (79) | $ 74

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativesFairValueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before tax and reclassification, of gain (loss) from derivative instrument designated and qualifying cash flow hedge included in assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480627/815-20-45-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A + Details
Name: | us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, before tax, of reclassification of gain (loss) from accumulated other comprehensive income (AOCI) for derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (c) -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_SalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_InterestExpenseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_OtherIncomeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |