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Financial Instruments - Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023
--- | --- | ---
Derivatives, Fair Value [Line Items] |  |  |
Asset Derivatives |  | $ 5,500 | $ 1,597
Liability Derivatives |  | 4,493 | 1,559
Derivatives designated as accounting hedges |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Asset Derivatives |  | 374 | 283
Liability Derivatives |  | 187 | 439
Derivatives designated as accounting hedges | Interest rate contracts |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Asset Derivatives |  | 145 | 120
Liability Derivatives |  | 59 | 57
Derivatives designated as accounting hedges | Net investment hedge derivative contracts |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Asset Derivatives | [1] | 229 | 163
Liability Derivatives | [1] | 128 | 382
Derivatives not designated as accounting hedges |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Asset Derivatives |  | 5,126 | 1,314
Liability Derivatives |  | 4,306 | 1,120
Derivatives not designated as accounting hedges | Interest rate contracts |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Asset Derivatives |  | 1 | 0
Liability Derivatives |  | 0 | 2
Derivatives not designated as accounting hedges | Currency exchange contracts |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Asset Derivatives |  | 213 | 195
Liability Derivatives |  | 85 | 134
Derivatives not designated as accounting hedges | Commodity contracts |  |  |
Derivatives, Fair Value [Line Items] |  |  |
Asset Derivatives |  | 4,912 | 1,119
Liability Derivatives |  | $ 4,221 | $ 984
[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.

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