XML 92 R64.htm IDEA: XBRL DOCUMENT v3.24.1.u1
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, 2024
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Sales $ 9,105 $ 8,864
Costs of products and services sold 5,583 5,498
Selling, General and Administrative Expenses 1,302 1,317
Other (Income) Expense (231) (260)
Interest and Other Financial Charges 220 170
Foreign currency exchange contracts | Net Sales    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Foreign currency exchange contracts 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
Foreign currency exchange contracts | Other (Income) Expense    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Foreign currency exchange contracts 23 (80)
Foreign currency exchange contracts | Interest and Other Financial Charges    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Foreign currency exchange contracts 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 1 1
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 1 1
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
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
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
Derivatives designated as hedges 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
Derivatives designated as hedges 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
Derivatives designated as hedges 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 42 (67)
Derivatives designated as hedges (42) 67
Product    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Sales 6,263 6,310
Costs of products and services sold 4,035 4,068
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
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 2 3
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
Derivatives designated as hedges 0 0
Service    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Sales 2,842 2,554
Costs of products and services sold 1,548 1,430
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
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 1 1
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
Derivatives designated as hedges $ 0 $ 0