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Note 10 - Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

										Asset derivatives									Liability derivatives
			Notional amount							Balance		Fair value							Balance		Fair value
			June				December			sheet		June				December			sheet		June				December
			30, 2023				31, 2022			location		30, 2023				31, 2022			location		30, 2023				31, 2022
Derivatives designated as hedging instruments (1)
Foreign exchange and precious metals lease contracts (2)			$	310			$	419		Other current assets		$	148			$	26		Other accrued liabilities						$	(1	)
										Other assets			177				78
Derivatives not designated as hedging instruments
Foreign exchange contracts				1,801				2,231		Other current assets			34				44		Other accrued liabilities		$	(24	)			(49	)
Translated earnings contracts				6,014				7,543		Other current assets			412				384		Other accrued liabilities			(140	)			(124	)
										Other assets			114				146		Other liabilities			(54	)			(17	)
Total derivatives			$	8,125			$	10,193				$	885			$	678				$	(218	)		$	(191	)

Derivatives Not Designated as Hedging Instruments [Table Text Block]

		June 30,				December 31,
		2023				2022
Average rate forward contracts:
Japanese yen-denominated		$	0.2			$	0.1
South Korean won-denominated			1.9				2.1
Other foreign currencies (1)			0.9				0.7
Option contracts:
Japanese yen-denominated (2)			3.0				4.6
Total notional amount for translated earning contracts		$	6.0			$	7.5

Not Designated as Hedging Instrument [Member]

Notes Tables

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

			Gain recognized in income
			Three months ended								Six months ended
	Location of gain		June 30,								June 30,
Undesignated derivatives	recognized in income		2023				2022				2023				2022
Foreign exchange contracts	Other income, net		$	15			$	33			$	28			$	59
Translated earnings contracts	Translated earnings contract gain, net			116				196				108				325
Total undesignated			$	131			$	229			$	136			$	384

Designated as Hedging Instrument [Member]

Notes Tables

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

		Three months ended June 30,
									Location of gain (loss)
		Gain (loss) recognized							reclassified from		Gain (loss) reclassified
Derivative hedging		in other comprehensive							accumulated		from accumulated
relationships for cash		income (OCI)							OCI into income		OCI into income
flow and fair value hedges		2023				2022					2023				2022
									Net sales						$	13
									Cost of sales		$	11				6
Foreign exchange contracts and other		$	42			$	(14	)	Other income, net			(1	)			(1	)
Total cash flow and fair value hedges		$	42			$	(14	)			$	10			$	18

		Six months ended June 30,
									Location of gain (loss)
		Gain recognized							reclassified from		Gain (loss) reclassified
Derivative hedging		in other comprehensive							accumulated		from accumulated
relationships for cash		income (OCI)							OCI into income		OCI into income
flow and fair value hedges		2023				2022					2023				2022
									Net sales						$	23
									Cost of sales		$	18				13
Foreign exchange contracts and other		$	74			$	20		Other income, net			(2	)			(2	)
Total cash flow and fair value hedges		$	74			$	20				$	16			$	34

X

- Definition

Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

+ References

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-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
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