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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 | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Net Sales | $ 9,577 | $ 9,146 | $ 18,682 | $ 18,010
Costs of products and services sold | 5,856 | 5,626 | 11,439 | 11,124
Selling, General and Administrative Expenses | 1,361 | 1,262 | 2,663 | 2,579
Other (income) expense | (246) | (208) | (477) | (468)
Interest and Other Financial Charges | 250 | 187 | 470 | 357
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 | 10 | (69) | 33 | (149)
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 | 2 | 2 | 3 | 3
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 | 4 | 3 | 5 | 4
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 | 4 | 65 | 46 | (2)
Derivatives designated as hedges | (4) | (65) | (46) | 2
Product |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Net Sales | 6,477 | 6,441 | 12,740 | 12,751
Costs of products and services sold | 4,247 | 4,133 | 8,282 | 8,201
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 | 6 | 6 | 8 | 9
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
Service |  |  |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |  |
Net Sales | 3,100 | 2,705 | 5,942 | 5,259
Costs of products and services sold | 1,609 | 1,493 | 3,157 | 2,923
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 | 2 | 2 | 3 | 3
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

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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 924 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1 + Details
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