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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Impact of Derivative on Consolidated Statement of Income (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
Derivative [Line Items] |  |  |
Net sales | $ 19,628 | $ 17,858 | $ 21,390
Cost of products sold | 13,293 | 12,408 | 14,338
Interest expense - net | 144 | 149 | 199
Cash flow hedging | Net sales | Currency exchange contracts |  |  |
Derivative [Line Items] |  |  |
Gain (loss) on hedged item | 6 | 13 | 7
Gain (loss) on hedging instrument | (6) | (13) | (7)
Cash flow hedging | Net sales | Commodity contracts |  |  |
Derivative [Line Items] |  |  |
Gain (loss) on hedged item | 0 | 0 | 0
Gain (loss) on hedging instrument | 0 | 0 | 0
Cash flow hedging | Cost of products sold | Currency exchange contracts |  |  |
Derivative [Line Items] |  |  |
Gain (loss) on hedged item | 0 | 5 | (12)
Gain (loss) on hedging instrument | 0 | (5) | 12
Cash flow hedging | Cost of products sold | Commodity contracts |  |  |
Derivative [Line Items] |  |  |
Gain (loss) on hedged item | (9) | (1) | 0
Gain (loss) on hedging instrument | 9 | 1 | 0
Cash flow hedging | Interest expense - net | Currency exchange contracts |  |  |
Derivative [Line Items] |  |  |
Gain (loss) on hedged item | 0 | 0 | 0
Gain (loss) on hedging instrument | 0 | 0 | 0
Cash flow hedging | Interest expense - net | Commodity contracts |  |  |
Derivative [Line Items] |  |  |
Gain (loss) on hedged item | 0 | 0 | 0
Gain (loss) on hedging instrument | 0 | 0 | 0
Fair value hedging | Net sales | Interest rate swaps |  |  |
Derivative [Line Items] |  |  |
Gain (loss) on hedged item | 0 | 0 | 0
Gain (loss) on hedging instrument | 0 | 0 | 0
Fair value hedging | Cost of products sold | Interest rate swaps |  |  |
Derivative [Line Items] |  |  |
Gain (loss) on hedged item | 0 | 0 | 0
Gain (loss) on hedging instrument | 0 | 0 | 0
Fair value hedging | Interest expense - net | Interest rate swaps |  |  |
Derivative [Line Items] |  |  |
Gain (loss) on hedged item | 51 | (45) | (62)
Gain (loss) on hedging instrument | $ (51) | $ 45 | $ 62

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- Definition Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=121577467&loc=d3e76258-113986 + Details
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