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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. 28, 2024 | Jun. 30, 2023 | Jun. 28, 2024 | Jun. 30, 2023
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Gains (Losses) arising during the period | $ 156 | $ (31) | $ 183 | $ (107)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | 4 | (4) | (40) | (3)
Cash Flow Hedging |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Gains (Losses) arising during the period | 158 | 4 | 204 | (43)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | 4 | (4) | (40) | (3)
Net operating revenues |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | (1) |  | (18) |
Net operating revenues | Foreign currency contracts | Cash Flow Hedging |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Gains (Losses) arising during the period | 160 | (22) | 208 | (58)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | (1) | (7) | (18) | (6)
Cost of goods sold |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | 4 |  | 6 |
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 | 9 | 13 | 20 | 17
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | 6 | 4 | 9 | 8
Cost of goods sold | Commodity Contract | Cash Flow Hedging |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Gains (Losses) arising during the period | (3) | (9) | (2) | (11)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | (2) | (3) | (3) | (6)
Interest expense |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | (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
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | (1) | (1) | (2) | (2)
Interest expense | Interest Rate Contract | Cash Flow Hedging |  |  |  |
Fair Value, Derivatives Designated and Not Designated as Hedges |  |  |  |
Gains (Losses) arising during the period | 1 |  | 2 |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | 0 |  | 0 |
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 | (9) | 22 | (24) | 9
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | $ 2 | $ 3 | $ (26) | $ 3

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