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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Gain/(Loss) on Hedging Activity (Details) - USD ($) $ in Millions | 3 Months Ended
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Mar. 31, 2024 | Mar. 31, 2023
Foreign exchange contracts gain/(loss): |  |
Recognized in Other comprehensive (loss)/income | $ 254 | $ (13)
Reclassified to net earnings, pretax | (15) | (133)
Non-U.S. dollar borrowings gain/(loss): |  |
Recognized in Other comprehensive (loss)/income | (44) | 35
Designated as cash flow hedges |  |
Non-U.S. dollar borrowings gain/(loss): |  |
Recognized in Other comprehensive (loss)/income | 0 | (10)
Foreign currency exchange contracts |  |
Foreign exchange contracts gain/(loss): |  |
Recognized in Other comprehensive (loss)/income | 139 | (7)
Derivatives designated as net investment hedges |  |
Recognized in Other comprehensive (loss)/income | 23 | 0
Foreign currency exchange contracts | Cost of products sold |  |
Foreign exchange contracts gain/(loss): |  |
Reclassified to net earnings, pretax | (45) | (120)
Cross-currency swap contracts |  |
Foreign exchange contracts gain/(loss): |  |
Recognized in Other comprehensive (loss)/income | (16) | (6)
Derivatives designated as net investment hedges |  |
Recognized in Other comprehensive (loss)/income | 27 | 1
Cross-currency swap contracts | Other (income)/expense, net |  |
Foreign exchange contracts gain/(loss): |  |
Reclassified to net earnings, pretax | 31 | (13)
Interest rate swap contracts |  |
Foreign exchange contracts gain/(loss): |  |
Recognized in Other comprehensive (loss)/income | 131 | 0
Interest rate swap contracts | Other operating income (expense) |  |
Foreign exchange contracts gain/(loss): |  |
Reclassified to net earnings, pretax | $ (1) | $ 0

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