XML 108 R60.htm IDEA: XBRL DOCUMENT v3.23.3
DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Location and Impact to Consolidated Statement of Operations Related to Derivative Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Net Sales $ 9,212 $ 8,951 $ 27,222 $ 26,280
Costs of products and services sold 5,670 5,594 16,794 16,578
Selling, General and Administrative Expenses 1,252 1,228 3,831 3,965
Other (income) expense (247) (337) (715) (846)
Interest and Other Financial Charges 206 98 563 270
Foreign currency exchange contracts | Net Sales        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Foreign currency exchange contracts 0 0 0 0
Foreign currency exchange contracts | Selling, general and administrative expenses        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Foreign currency exchange contracts 0 0 0 0
Foreign currency exchange contracts | Other (Income) Expense        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Foreign currency exchange contracts 212 402 63 749
Foreign currency exchange contracts | Interest and Other Financial Charges        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Foreign currency exchange contracts 0 0 0 0
Derivatives in fair value hedging relationships | Cash Flow Hedging | Gain (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 (loss) into income 5 4 8 7
Derivatives in fair value hedging relationships | Cash Flow Hedging | Gain (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 (loss) into income 2 (2) 6 (2)
Derivatives in fair value hedging relationships | Cash Flow Hedging | Gain (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 (loss) into income 0 0 0 0
Derivatives in fair value hedging relationships | Cash Flow Hedging | Gain (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 (loss) into income 0 0 0 0
Derivatives in fair value hedging relationships | Fair Value Hedging | Gain (loss) on cash flow hedges | Interest rate swap agreements | Net Sales        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Hedged items 0 0 0 0
Derivatives designated as hedges 0 0 0 0
Derivatives in fair value hedging relationships | Fair Value Hedging | Gain (loss) on cash flow hedges | Interest rate swap agreements | Selling, general and administrative expenses        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Hedged items 0 0 0 0
Derivatives designated as hedges 0 0 0 0
Derivatives in fair value hedging relationships | Fair Value Hedging | Gain (loss) on cash flow hedges | Interest rate swap agreements | Other (Income) Expense        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Hedged items 0 0 0 0
Derivatives designated as hedges 0 0 0 0
Derivatives in fair value hedging relationships | Fair Value Hedging | Gain (loss) on cash flow hedges | Interest rate swap agreements | Interest and Other Financial Charges        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Hedged items 38 186 36 354
Derivatives designated as hedges (38) (186) (36) (354)
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   11
Product        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Net Sales 6,294 6,588 19,045 19,404
Costs of products and services sold 4,090 4,286 12,291 12,674
Product | Foreign currency exchange contracts | Cost of products and services sold        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Foreign currency exchange contracts 0 0 0 0
Product | Derivatives in fair value hedging relationships | Cash Flow Hedging | Gain (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 (loss) into income 10 20 19 32
Product | Derivatives in fair value hedging relationships | Fair Value Hedging | Gain (loss) on cash flow hedges | Interest rate swap agreements | Cost of products and services sold        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Hedged items 0 0 0 0
Derivatives designated as hedges 0 0 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 2,918 2,363 8,177 6,876
Costs of products and services sold 1,580 1,308 4,503 3,904
Service | Foreign currency exchange contracts | Cost of products and services sold        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Foreign currency exchange contracts 0 0 0 0
Service | Derivatives in fair value hedging relationships | Cash Flow Hedging | Gain (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 (loss) into income 4 6 7 9
Service | Derivatives in fair value hedging relationships | Fair Value Hedging | Gain (loss) on cash flow hedges | Interest rate swap agreements | Cost of products and services sold        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Hedged items 0 0 0 0
Derivatives designated as hedges $ 0 0 $ 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