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Shareholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Schedule of Changes in AOCI | The following tables set forth the changes in AOCI by component for the three months ended March 31, 2025 and 2024 (in millions).
| Three Months Ended March 31, 2025
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Hedging Activities |  | Pension and Other Postretirement Benefit Liabilities |  | Unrealized Gain (Loss) on Investments |  | Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2025 | $ | (2,999) |  |  | $ | 126 |  |  | $ | (100) |  |  | $ | (15) |  |  | $ | (2,988) |
Other comprehensive income (loss) before reclassifications | 25 |  |  | 12 |  |  | (20) |  |  | (3) |  |  | 14 |
Gain (loss) on net investment hedges | (158) |  |  | — |  |  | — |  |  | — |  |  | (158) |
Amounts reclassified from AOCI | — |  |  | (17) |  |  | (2) |  |  | — |  |  | (19) |
Tax effect | 38 |  |  | (1) |  |  | 6 |  |  | — |  |  | 43 |
Net of tax amount | (95) |  |  | (6) |  |  | (16) |  |  | (3) |  |  | (120) |
Balance at March 31, 2025 | $ | (3,094) |  |  | $ | 120 |  |  | $ | (116) |  |  | $ | (18) |  |  | $ | (3,108) |
| Three months ended March 31, 2024
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Hedging Activities |  | Pension and Other Postretirement Benefit Liabilities |  | Unrealized Gain (Loss) on Investments |  | Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2024 | $ | (2,539) |  |  | $ | 158 |  |  | $ | (108) |  |  | $ | 2 |  |  | $ | (2,487) |
Other comprehensive (loss) before reclassifications | (77) |  |  | (50) |  |  | (2) |  |  | (7) |  |  | (136) |
Gain on net investment hedges | 84 |  |  | — |  |  | — |  |  | — |  |  | 84 |
Amounts reclassified from AOCI | — |  |  | (19) |  |  | (2) |  |  | — |  |  | (21) |
Tax effect | (20) |  |  | 10 |  |  | 1 |  |  | (1) |  |  | (10) |
Net of tax amount | (13) |  |  | (59) |  |  | (3) |  |  | (8) |  |  | (83) |
Balance at March 31, 2024 | $ | (2,552) |  |  | $ | 99 |  |  | $ | (111) |  |  | $ | (6) |  |  | $ | (2,570) |
Schedule of Reclassifications out of AOCI | The following table sets forth the reclassifications out of AOCI for the three months ended March 31, 2025 and 2024 (in millions).
| Amount reclassified from AOCI | Affected line item in the Consolidated Statements of Earnings
| Three Months Ended March 31, |  |
Details about AOCI components | 2025 | 2024 |  |  |
Deferred (Gain) Loss on Hedging Activities |  |  |  |  |  |
| $ | (17) |  | $ | (19) |  |  |  |  | Cost of products sold
| (17) |  | (19) |  |  |  |  | Earnings before income tax
| 4 |  | 4 |  |  |  |  | Income tax expense
| $ | (13) |  | $ | (15) |  |  |  |  | Net earnings

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