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Shareholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Schedule of Changes in AOCI | The following tables set forth the changes in AOCI by component for the three and six months ended June 30, 2025 and 2024 (in millions).
| Three Months Ended June 30, 2025
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Cash Flow Hedging Activities |  | Pension and Other Postretirement Benefit Liabilities |  | Unrealized Gain (Loss) on Investments |  | Accumulated Other Comprehensive Income (Loss)
Balance at April 1, 2025 | $ | (3,094) |  |  | $ | 120 |  |  | $ | (116) |  |  | $ | (18) |  |  | $ | (3,108) |
Other comprehensive income (loss) before reclassifications | 599 |  |  | (70) |  |  | 12 |  |  | (1) |  |  | 540 |
Gain (loss) on net investment hedges | (317) |  |  | — |  |  | — |  |  | — |  |  | (317) |
Amounts reclassified from AOCI | — |  |  | 11 |  |  | (4) |  |  | — |  |  | 7 |
Tax effect | 75 |  |  | 13 |  |  | (2) |  |  | — |  |  | 86 |
Net of tax amount | 357 |  |  | (46) |  |  | 6 |  |  | (1) |  |  | 316 |
Balance at June 30, 2025 | $ | (2,737) |  |  | $ | 74 |  |  | $ | (110) |  |  | $ | (19) |  |  | $ | (2,792) |
| Six Months Ended June 30, 2025
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Cash Flow 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 | 624 |  |  | (58) |  |  | (8) |  |  | (4) |  |  | 554 |
Gain (loss) on net investment hedges | (475) |  |  | — |  |  | — |  |  | — |  |  | (475) |
Amounts reclassified from AOCI | — |  |  | (6) |  |  | (6) |  |  | — |  |  | (12) |
Tax effect | 113 |  |  | 12 |  |  | 4 |  |  | — |  |  | 129 |
Net of tax amount | 262 |  |  | (52) |  |  | (10) |  |  | (4) |  |  | 196 |
Balance at June 30, 2025 | $ | (2,737) |  |  | $ | 74 |  |  | $ | (110) |  |  | $ | (19) |  |  | $ | (2,792) |
| Three Months Ended June 30, 2024
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Cash Flow Hedging Activities |  | Pension and Other Postretirement Benefit Liabilities |  | Unrealized Gain (Loss) on Investments |  | Accumulated Other Comprehensive Income (Loss)
Balance at April 1, 2024 | $ | (2,552) |  |  | $ | 99 |  |  | $ | (111) |  |  | $ | (6) |  |  | $ | (2,570) |
Other comprehensive (loss) before reclassifications | (285) |  |  | (71) |  |  | 1 |  |  | — |  |  | (355) |
Gain on net investment hedges | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
Amounts reclassified from AOCI | — |  |  | 23 |  |  | (4) |  |  | — |  |  | 19 |
Tax effect | (6) |  |  | 6 |  |  | 1 |  |  | — |  |  | 1 |
Net of tax amount | (266) |  |  | (42) |  |  | (2) |  |  | — |  |  | (310) |
Balance at June 30, 2024 | $ | (2,818) |  |  | $ | 57 |  |  | $ | (113) |  |  | $ | (6) |  |  | $ | (2,880) |
| Six Months Ended June 30, 2024
| Foreign Currency Translation Adjustment |  | Deferred Gain (Loss) on Cash Flow 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 income (loss) before reclassifications | (362) |  |  | (121) |  |  | (1) |  |  | (7) |  |  | (491) |
Gain (loss) on net investment hedges | 109 |  |  | — |  |  | — |  |  | — |  |  | 109 |
Amounts reclassified from AOCI | — |  |  | 4 |  |  | (6) |  |  | — |  |  | (2) |
Tax effect | (26) |  |  | 16 |  |  | 2 |  |  | (1) |  |  | (9) |
Net of tax amount | (279) |  |  | (101) |  |  | (5) |  |  | (8) |  |  | (393) |
Balance at June 30, 2024 | $ | (2,818) |  |  | $ | 57 |  |  | $ | (113) |  |  | $ | (6) |  |  | $ | (2,880) |
Schedule of Reclassifications out of AOCI | The following table sets forth the reclassifications out of AOCI related to deferred (gains)/ losses on cash flow hedging activities for the three and six months ended June 30, 2025 and 2024 (in millions).
Affected line item in the Consolidated Statements of Earnings | Three Months Ended |  | Six Months Ended |
June 30, |  | June 30,
2025 |  | 2024 |  | 2025 |  | 2024
Cost of products sold | $ | 11 |  |  | $ | 23 |  |  | $ | (6) |  |  | $ | 4 |  |
Earnings before income tax | 11 |  |  | 23 |  |  | (6) |  |  | 4 |  |
Income tax expense | (3) |  |  | (4) |  |  | 1 |  |  | — |  |
Net earnings | $ | 8 |  |  | $ | 19 |  |  | $ | (5) |  |  | $ | 4 |  |

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