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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Gain/(Loss) on Hedging Activity (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Foreign currency exchange contracts |  |  |  |
Foreign exchange contracts gain/(loss): |  |  |  |
Recognized in Other comprehensive income/(loss) | $ (299) | $ 102 | $ (515) | $ 241
Derivatives designated as net investment hedges |  |  |  |
Recognized in Other comprehensive income/(loss) | (15) | 18 | (78) | 41
Foreign currency exchange contracts | Cost of products sold |  |  |  |
Foreign exchange contracts gain/(loss): |  |  |  |
Reclassified to net earnings, pretax | 13 | (29) | (13) | (74)
Cross-currency swap contracts |  |  |  |
Foreign exchange contracts gain/(loss): |  |  |  |
Recognized in Other comprehensive income/(loss) | 70 | (18) | 94 | (34)
Derivatives designated as net investment hedges |  |  |  |
Recognized in Other comprehensive income/(loss) | (45) | 23 | (63) | 50
Cross-currency swap contracts | Other (income)/expense, net |  |  |  |
Foreign exchange contracts gain/(loss): |  |  |  |
Reclassified to net earnings, pretax | (73) | 10 | (121) | 41
Interest rate swap contracts |  |  |  |
Foreign exchange contracts gain/(loss): |  |  |  |
Recognized in Other comprehensive income/(loss) | 0 | 0 | 0 | 131
Interest rate swap contracts | Other (income)/expense, net |  |  |  |
Foreign exchange contracts gain/(loss): |  |  |  |
Reclassified to net earnings, pretax | $ (2) | $ (1) | $ (3) | $ (2)

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