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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Classification and Fair Value of Derivative Instruments The following table summarizes the classification and fair values of derivative instruments on our Condensed Consolidated Balance Sheets:
 September 30, 2021
 Derivative AssetsDerivative Liabilities
(in millions)ClassificationFair ValueClassificationFair Value
Derivatives designated as hedges:    
Foreign currency exchange contracts
Prepaid and other current assets$50 Accrued and other current liabilities$(8)
Foreign currency exchange contracts
Other long-term assets5 Other long-term obligations— 
Total derivatives designated as hedges 55  (8)
Derivatives not designated as hedges:    
Foreign currency exchange contracts
Prepaid and other current assets— Accrued and other current liabilities— 
Total derivatives not designated as hedges —  — 
Total derivatives $55  $(8)
 December 31, 2020
 Derivative AssetsDerivative Liabilities
(in millions)ClassificationFair Value ClassificationFair Value
Derivatives designated as hedges:    
Foreign currency exchange contracts
Prepaid and other current assets$— Accrued and other current liabilities$(113)
Foreign currency exchange contracts
Other long-term assets— Other long-term obligations(7)
Total derivatives designated as hedges —  (120)
Derivatives not designated as hedges:    
Foreign currency exchange contracts
Prepaid and other current assets12 Accrued and other current liabilities(1)
Total derivatives not designated as hedges 12  (1)
Total derivatives $12  $(121)
Summary of Effect of Foreign Currency Exchange Contracts
The following table summarizes the effect of our foreign currency exchange contracts on our Condensed Consolidated Financial Statements:
Three Months EndedNine Months Ended
 September 30,September 30,
(in millions)2021202020212020
Derivatives designated as hedges:
Gains (losses) recognized in AOCI$42 $(52)$104 $(28)
Gains (losses) reclassified from AOCI into product sales$(21)$12 $(69)$57 
Derivatives not designated as hedges:
Gains (losses) recognized in Other income (expense), net$5 $(13)$24 $(10)
Summary of Potential Effect of Offsetting Derivatives The following table summarizes the potential effect of offsetting our foreign currency exchange contracts on our Condensed Consolidated Balance Sheets:
Gross Amounts Not Offset
on our Condensed
Consolidated Balance Sheets
(in millions)Gross Amounts
 of Recognized
Assets/Liabilities		Gross Amounts
 Offset on our
Condensed
Consolidated
Balance Sheets		Amounts of Assets/Liabilities Presented
 on our Condensed Consolidated
Balance Sheets		Derivative
Financial
Instruments		Cash Collateral
Received/
Pledged		Net Amount
 (Legal Offset)
As of September 30, 2021
Derivative assets$55 $— $55 $(7)$— $48 
Derivative liabilities$(8)$— $(8)$7 $— $(1)
As of December 31, 2020
Derivative assets$12 $— $12 $(12)$— $— 
Derivative liabilities$(121)$— $(121)$12 $— $(109)