XML 56 R45.htm IDEA: XBRL DOCUMENT
v3.26.1

Financial Instruments and Risk Management (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2026
Financial Instruments and Risk Management |
Schedule of additional information related to the commercial risk management instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ in millions) | ​ | March 31, 2026
Commercial risk area | ​ | Commodity | ​ | Currency | ​ ​ ​ | Interest Rate | ​ ​ ​ | Net Investment
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Notional amount of contracts | ​ | $ | 1,720 | ​ | $ | 3,375 | ​ | $ | 600 | ​ | € | 1,050
Net gain (loss) included in AOCI, after-tax | ​ | ​ | 44 | ​ | ​ | 1 | ​ | ​ | 2 | ​ | $ | (63)
Net gain (loss) included in AOCI, after-tax, expected to be recognized in net earnings within the next 12 months | ​ | ​ | 41 | ​ | ​ | 1 | ​ | ​ | 2 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Longest duration of forecasted hedge transactions in years | ​ | ​ | 2 | ​ | ​ | 2 | ​ | ​ | 1 | ​ | ​ | 3
Schedule of fair value of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | March 31, 2026
($ in millions) | Balance Sheet Location | ​ ​ ​ | Derivatives Designated as Hedging Instruments | ​ ​ ​ | Derivatives not Designated as Hedging Instruments | ​ ​ ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts | ​ | ​ | $ | 136 | ​ | $ | — | ​ | $ | 136
Currency contracts | ​ | ​ | ​ | — | ​ | ​ | 28 | ​ | ​ | 28
Interest rate and other contracts | ​ | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | 3
Total current derivative contracts | Other current assets | ​ | $ | 139 | ​ | $ | 28 | ​ | $ | 167
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts | ​ | ​ | $ | 6 | ​ | $ | — | ​ | $ | 6
Total noncurrent derivative contracts | Other noncurrent assets | ​ | $ | 6 | ​ | $ | — | ​ | $ | 6
| ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts | ​ | ​ | $ | 91 | ​ | $ | — | ​ | $ | 91
Currency contracts | ​ | ​ | ​ | — | ​ | ​ | 7 | ​ | ​ | 7
Interest rate and other contracts | ​ | ​ | ​ | — | ​ | ​ | 2 | ​ | ​ | 2
Net investment hedge | ​ | ​ | ​ | 23 | ​ | ​ | — | ​ | ​ | 23
Total current derivative contracts | Other current liabilities | ​ | $ | 114 | ​ | $ | 9 | ​ | $ | 123
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts | ​ | ​ | $ | 1 | ​ | $ | — | ​ | $ | 1
Net investment hedge | ​ | ​ | ​ | 51 | ​ | ​ | — | ​ | ​ | 51
Total noncurrent derivative contracts | Other noncurrent liabilities | ​ | $ | 52 | ​ | $ | — | ​ | $ | 52
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | December 31, 2025
($ in millions) | Balance Sheet Location | ​ | Derivatives Designated as Hedging Instruments | ​ ​ ​ | Derivatives not Designated as Hedging Instruments | ​ ​ ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts | ​ | ​ | $ | 72 | ​ | $ | — | ​ | $ | 72
Currency contracts | ​ | ​ | ​ | — | ​ | ​ | 14 | ​ | ​ | 14
Interest rate and other contracts | ​ | ​ | ​ | 1 | ​ | ​ | 2 | ​ | ​ | 3
Total current derivative contracts | Other current assets | ​ | $ | 73 | ​ | $ | 16 | ​ | $ | 89
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Currency contracts | ​ | ​ | $ | 5 | ​ | $ | — | ​ | $ | 5
Total noncurrent derivative contracts | Other noncurrent assets | ​ | $ | 5 | ​ | $ | — | ​ | $ | 5
| ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts | ​ | ​ | $ | 41 | ​ | $ | 1 | ​ | $ | 42
Currency contracts | ​ | ​ | ​ | 35 | ​ | ​ | 17 | ​ | ​ | 52
Total current derivative contracts | Other current liabilities | ​ | $ | 76 | ​ | $ | 18 | ​ | $ | 94
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts | ​ | ​ | $ | 1 | ​ | $ | — | ​ | $ | 1
Other contracts | ​ | ​ | ​ | 98 | ​ | ​ | — | ​ | ​ | 98
Total noncurrent derivative contracts | Other noncurrent liabilities | ​ | $ | 99 | ​ | $ | — | ​ | $ | 99
Schedule of impact on earnings from derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Three Months Ended March 31,
​ | ​ | ​ | ​ | 2026 | ​ | 2025
($ in millions) | ​ ​ ​ | Location of Gain (Loss) Recognized in Earnings on Derivatives | ​ ​ ​ | Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) | ​ | Gain (Loss) on Derivatives not Designated as Hedge Instruments | ​ ​ ​ | Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) | ​ ​ ​ | Gain (Loss) on Derivatives not Designated as Hedge Instruments
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts - manage exposure to customer pricing | ​ | Net sales | ​ | $ | (42) | ​ | $ | — | ​ | $ | (5) | ​ | $ | —
Commodity contracts - manage exposure to supplier pricing | ​ | Cost of sales | ​ | ​ | 28 | ​ | ​ | (12) | ​ | ​ | 3 | ​ | ​ | —
Interest rate contracts - manage exposure for outstanding debt | ​ | Interest expense | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Currency contracts - manage currency exposure | ​ | Selling, general and administrative | ​ | ​ | 11 | ​ | ​ | 9 | ​ | ​ | (28) | ​ | ​ | (71)
Equity contracts | ​ | Selling, general and administrative | ​ | ​ | — | ​ | ​ | 8 | ​ | ​ | — | ​ | ​ | (5)
Total | ​ | ​ | ​ | $ | (2) | ​ | $ | 5 | ​ | $ | (30) | ​ | $ | (76)
​ ​ ​
Schedule of changes in accumulated other comprehensive earnings (loss) for effective derivatives | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
($ in millions) | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
​ | ​ | ​ | ​ | ​ | ​ | ​
Amounts reclassified into earnings: | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts | ​ | $ | 14 | ​ | $ | 2
Interest rate contracts | ​ | ​ | (1) | ​ | ​ | —
Currency exchange contracts | ​ | ​ | (11) | ​ | ​ | 28
Change in fair value of hedges: | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts | ​ | ​ | 6 | ​ | ​ | —
Interest rate contracts | ​ | ​ | 3 | ​ | ​ | (4)
Currency exchange contracts | ​ | ​ | 9 | ​ | ​ | (28)
Net investment hedge | ​ | ​ | 19 | ​ | ​ | (30)
Currency and tax impacts | ​ | ​ | (4) | ​ | ​ | 7
​ | ​ | $ | 35 | ​ | $ | (25)

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in net investment hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CCC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC + Details
Name: | us-gaap_ScheduleOfNetInvestmentHedgesInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration