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Financial Instruments - Fair Value of Derivative Instruments (Details)
$ in Millions
Sep. 30, 2021
USD ($)
Sep. 30, 2021
EUR (€)
Dec. 31, 2020
USD ($)
Derivatives, Fair Value [Line Items]      
Asset Derivatives $ 680   $ 465
Liability Derivatives 284   716
0.000% Notes Due September 2024 | Exchangeable Notes      
Derivatives, Fair Value [Line Items]      
Debt issued | €   € 300,000,000  
Derivatives designated as accounting hedges      
Derivatives, Fair Value [Line Items]      
Asset Derivatives 120   126
Liability Derivatives 66   469
Derivatives designated as accounting hedges | Interest rate contracts      
Derivatives, Fair Value [Line Items]      
Asset Derivatives 9   12
Liability Derivatives 29   340
Derivatives designated as accounting hedges | Net investment hedge derivative contracts      
Derivatives, Fair Value [Line Items]      
Asset Derivatives [1] 111   114
Liability Derivatives [1] 37   129
Derivatives not designated as accounting hedges      
Derivatives, Fair Value [Line Items]      
Asset Derivatives 560   339
Liability Derivatives 218   247
Derivatives not designated as accounting hedges | Currency exchange contracts      
Derivatives, Fair Value [Line Items]      
Asset Derivatives 108   134
Liability Derivatives 51   119
Derivatives not designated as accounting hedges | Commodity contracts      
Derivatives, Fair Value [Line Items]      
Asset Derivatives 452   205
Liability Derivatives 164   128
Derivatives not designated as accounting hedges | Equity method investment contracts      
Derivatives, Fair Value [Line Items]      
Asset Derivatives [2] 0   0
Liability Derivatives [2] $ 3   $ 0
[1] Net investment hedge derivative contracts consist of cross-currency interest rate swaps, forward contracts and options. We also designate some of our non-U.S. dollar denominated debt to hedge a portion of our net investments in our non-U.S. operations. This debt is not reflected in the table above, but is included in long-term debt discussed in Note 8, Debt and Borrowing Arrangements. Both net investment hedge derivative contracts and non-U.S. dollar denominated debt acting as net investment hedges are also disclosed in the Derivative Volume table and the Hedges of Net Investments in International Operations section appearing later in this footnote.
[2] Equity method investment contracts consist of the bifurcated embedded derivative option that was a component of the September 20, 2021 €300 million exchangeable bonds issuance. Refer to Note 8, Debt and Borrowing Arrangements