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DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Location and Impact to Consolidated Statement of Operations Related to Derivative Instruments (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2022 | Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Net Sales | $ 8,376 | $ 8,454
Costs | 5,674 | 5,709
Selling, general and administrative expenses | 1,431 | 1,236
Other (income) expense | (319) | (442)
Interest and Other Financial Charges | 85 | 90
Foreign currency exchange contracts | Net Sales |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on derivatives not designated as hedging instruments | 0 | 0
Foreign currency exchange contracts | Selling, general and administrative expenses |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on derivatives not designated as hedging instruments | 0 | 0
Foreign currency exchange contracts | Other (Income) Expense |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on derivatives not designated as hedging instruments | 66 | 60
Foreign currency exchange contracts | Interest and Other Financial Charges |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on derivatives not designated as hedging instruments | 0 | 0
Derivatives in Fair Value Hedging Relationships: | Foreign currency exchange contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss) | 0 | (2)
Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on cash flow hedges | Foreign currency exchange contracts | Net Sales |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount reclassified from accumulated other comprehensive income into income | 1 | 1
Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on cash flow hedges | Foreign currency exchange contracts | Selling, general and administrative expenses |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount reclassified from accumulated other comprehensive income into income | 1 | 2
Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on cash flow hedges | Foreign currency exchange contracts | Other (Income) Expense |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount reclassified from accumulated other comprehensive income into income | 0 | 0
Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on cash flow hedges | Foreign currency exchange contracts | Interest and Other Financial Charges |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount reclassified from accumulated other comprehensive income into income | 0 | 0
Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on fair value hedges | Interest rate swap agreements | Net Sales |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Hedged items | 0 | 0
Derivatives designated as hedges | 0 | 0
Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on fair value hedges | Interest rate swap agreements | Selling, general and administrative expenses |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Hedged items | 0 | 0
Derivatives designated as hedges | 0 | 0
Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on fair value hedges | Interest rate swap agreements | Other (Income) Expense |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Hedged items | 0 | 0
Derivatives designated as hedges | 0 | 0
Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on fair value hedges | Interest rate swap agreements | Interest and Other Financial Charges |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Hedged items | 137 | 94
Derivatives designated as hedges | (137) | (94)
Derivatives in Fair Value Hedging Relationships: | Net Investment Hedging | Foreign currency exchange contracts | Net Sales |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | 0 | 0
Derivatives in Fair Value Hedging Relationships: | Net Investment Hedging | Foreign currency exchange contracts | Selling, general and administrative expenses |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | 0 | 0
Derivatives in Fair Value Hedging Relationships: | Net Investment Hedging | Foreign currency exchange contracts | Other (Income) Expense |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | 0 | 0
Derivatives in Fair Value Hedging Relationships: | Net Investment Hedging | Foreign currency exchange contracts | Interest and Other Financial Charges |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | 4 | 4
Derivatives in Fair Value Hedging Relationships: | Euro denominated long-term debt |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss) | 83 | 150
Derivatives in Fair Value Hedging Relationships: | Net Investment Euro Denominated Commercial Paper |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss) | 17 | 30
Derivatives in Fair Value Hedging Relationships: | Net Investment Cross Currency Swap |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss) | 17 | 44
Product |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Net Sales | 6,132 | 6,409
Costs | 4,373 | 4,551
Product | Foreign currency exchange contracts | Cost of products and services sold |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on derivatives not designated as hedging instruments | 0 | 0
Product | Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on cash flow hedges | Foreign currency exchange contracts | Cost of products and services sold |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount reclassified from accumulated other comprehensive income into income | 1 | 1
Product | Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on fair value hedges | Interest rate swap agreements | Cost of products and services sold |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Hedged items | 0 | 0
Derivatives designated as hedges | 0 | 0
Product | Derivatives in Fair Value Hedging Relationships: | Net Investment Hedging | Foreign currency exchange contracts | Cost of products and services sold |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | 0 | 0
Service |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Net Sales | 2,244 | 2,045
Costs | 1,301 | 1,158
Service | Foreign currency exchange contracts | Cost of products and services sold |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Gain or (loss) on derivatives not designated as hedging instruments | 0 | 0
Service | Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on cash flow hedges | Foreign currency exchange contracts | Cost of products and services sold |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount reclassified from accumulated other comprehensive income into income | 0 | 0
Service | Derivatives in Fair Value Hedging Relationships: | Gain or (loss) on fair value hedges | Interest rate swap agreements | Cost of products and services sold |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Hedged items | 0 | 0
Derivatives designated as hedges | 0 | 0
Service | Derivatives in Fair Value Hedging Relationships: | Net Investment Hedging | Foreign currency exchange contracts | Cost of products and services sold |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | $ 0 | $ 0

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- Definition Amount of unrealized gain (loss) included in earnings related to the fair value of the hedged item in an interest rate fair value hedge, offset by the gain (loss) on the hedging instrument to the extent that the fair value hedge is determined to be effective. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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