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Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Derivative Instruments, Gain (Loss) [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the fair value and presentation in the Condensed Consolidated Balance Sheet for derivative instruments as of June 30, 2021 and December 31, 2020:

(dollars in millions)			Balance Sheet Location			June 30, 2021						December 31, 2020
Derivatives designated as hedging instruments:
Foreign exchange contracts			Other assets, current			$	224					$	197
			Other accrued liabilities			70						66
Derivatives not designated as hedging instruments:
Foreign exchange contracts			Other assets, current			$	23					$	44
			Other accrued liabilities			25						32

Reclassification out of Accumulated Other Comprehensive Income [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) [Table Text Block]

The effect of cash flow hedging relationships on Accumulated other comprehensive income (loss) and on the Condensed Consolidated Statement of Operations for the quarters and six months ended June 30, 2021 and 2020 are presented in the table

below. The amounts of gain or loss are attributable to foreign exchange contract activity and are generally recorded as a component of Product sales when reclassified from Accumulated other comprehensive income (loss).

			Quarter Ended June 30,												Six Months Ended June 30,
(dollars in millions)			2021						2020						2021						2020
Gain (loss) recorded in Accumulated other comprehensive loss			$	108					$	188					$	62					$	(215)
(Gain) loss reclassified from Accumulated other comprehensive loss into Product sales			(20)						27						(34)						56

Other Income [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) [Table Text Block]

The effect of derivatives not designated as hedging instruments within Other income, net, on the Condensed Consolidated Statement of Operations was as follows:

			Quarter Ended June 30,												Six Months Ended June 30,
(dollars in millions)			2021						2020						2021						2020
Gain (loss) on non-designated foreign exchange contracts			$	—					$	10					$	(8)					$	(29)

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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.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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