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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASURES (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:

	September 30, 2019				December 31, 2018
Assets:
Foreign currency exchange contracts	$	298			$	119
Available for sale investments	1,642				1,784
Interest rate swap agreements	74				20
Cross currency swap agreements	80				32
Liabilities:
Foreign currency exchange contracts	$	10			$	4
Interest rate swap agreements	—				65

Financial assets and liabilities that were not carried at fair value

The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:

	September 30, 2019								December 31, 2018
	Carrying Value				Fair Value				Carrying Value				Fair Value
Assets
Long-term receivables	$	153			$	152			$	333			$	329
Liabilities
Long-term debt and related current maturities	$	15,189			$	16,455			$	12,628			$	13,133

Amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges [Table Text Block]

The following table sets forth the amounts on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges:

Line in the Consolidated Balance Sheet of Hedged Item		Carrying Amount of the Hedged Item								Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
		September 30, 2019				December 31, 2018				September 30, 2019				December 31, 2018
Long-term debt		$	4,773			$	2,555			$	73			$	(45	)

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following tables summarize the location and impact to the Consolidated Statement of Operations related to fair value and cash flow hedging relationships:

	Three Months Ended September 30, 2019
	Revenue				Cost of Products Sold				SG&A				Other (Income) Expense				Interest and Other Financial Charges
	$	9,086			$	4,775			$	1,296			$	(311	)		$	96
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	1				9				—				53				—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—				6				—				9				—
Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—				—				—				—				(55		)
Derivatives designated as hedges	—				—				—				—				55

	Three Months Ended September 30, 2018
	Revenue				Cost of Products Sold				SG&A				Other (Income) Expense				Interest and Other Financial Charges
	$	10,762			$	6,127			$	1,524			$	(275	)		$	99
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	(2		)		(6		)		(2		)		—				—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—				—				—				—				—
Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—				—				—				—				12
Derivatives designated as hedges	—				—				—				—				(12		)

	Nine Months Ended September 30, 2019
	Revenue				Cost of Products Sold				SG&A				Other (Income) Expense			Interest and Other Financial Charges
	$	27,213			$	14,244			$	4,046			(901	)		$	266
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	2				33				1				77			—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—				17				—				27			—
Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—				—				—				—			(118		)
Derivatives designated as hedges	—				—				—				—			118

	Nine Months Ended September 30, 2018
	Revenue				Cost of Products Sold				SG&A				Other (Income) Expense				Interest and Other Financial Charges
	$	32,073			$	18,234			$	4,527			$	(859	)		$	277
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	(8		)		(40		)		—				—				—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—				—				—				—				—
Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—				—				—				—				75
Derivatives designated as hedges	—				—				—				—				(75		)

Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table summarizes the amounts of gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss):

	Three Months Ended September 30,								Nine Months Ended September 30,
Derivatives Net Investment Hedging Relationships	2019				2018				2019				2018
Euro-denominated long-term debt	$	131			$	20			$	157			$	139
Euro-denominated commercial paper	136				21				163				129
Cross currency swap agreements	39				(10		)		44				10
Foreign currency exchange contracts	23				—				28				—

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

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Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in net investment hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.

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