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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - EFFECT OF DERIVATIVE INSTRUMENTS (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net Investment Hedges        
Derivative Instruments, Gain (Loss)        
Gains and losses on derivatives used as fair value hedges of foreign currency risk / net investment hedges included in other comprehensive income (loss) during the period $ 75 $ (40) $ 103 $ (61)
Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) recognized in income on derivative instruments (149) 307 (279) 779
Interest expense        
Derivative Instruments, Gain (Loss)        
Gain (loss) recognized in income on derivative instruments (30) (30) (61) (62)
Foreign exchange (losses) gains – net        
Derivative Instruments, Gain (Loss)        
Gain (loss) recognized in income on derivative instruments 28 (58) 2 (27)
Other Income (Expense) - Net        
Derivative Instruments, Gain (Loss)        
Gain (loss) recognized in income on derivative instruments     0 1
Foreign exchange | Cash Flow Hedges        
Derivative Instruments, Gain (Loss)        
Gains and losses on derivatives used as cash flow hedges of foreign currency risk included in Other comprehensive income (loss) during the period 12 (26) 22 (31)
Cash flow hedge of foreign currency risk (2) 1 1 0
Hedge accounting | Foreign exchange | Net sales        
Derivative Instruments, Gain (Loss)        
Gain (loss) on hedge accounting 0 4 0 5
Hedge accounting | Foreign exchange | Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) on hedge accounting (1) (1)    
Hedge accounting | Foreign exchange | Selling, general & administrative        
Derivative Instruments, Gain (Loss)        
Gain (loss) on hedge accounting 0 1 0 1
Hedge accounting | Foreign exchange | Foreign exchange (losses) gains – net        
Derivative Instruments, Gain (Loss)        
Gain (loss) on hedge accounting 0 (19) 0 (21)
Hedge accounting | Interest rate | Interest expense        
Derivative Instruments, Gain (Loss)        
Gain (loss) on hedge accounting (30) (35) (61) (68)
Economic hedges | Foreign exchange | Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges (217) 324 (199) 408
Economic hedges | Foreign exchange | Foreign exchange (losses) gains – net        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges 28 (39) 2 (6)
Economic hedges | Commodities | Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges (26) (32) (26) 364
Economic hedges | Other | Cost of goods sold        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges 95 16 (54) 7
Economic hedges | Interest rate | Interest expense        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges $ 0 $ 5 0 6
Economic hedges | Interest rate | Other Income (Expense) - Net        
Derivative Instruments, Gain (Loss)        
Gain (loss) on economic hedges     $ 0 $ 1