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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Summary of Gains and Losses on Hedging Instruments (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Other comprehensive income (loss), cash flow hedge and net investment hedge, gain (loss), before reclassification, tax | $ 14 | $ 20 | $ 60 | $ (28)
Other comprehensive income (loss), reclassification adjustment from AOCI, cash flow hedges and net investment hedges, net of tax | (1) | 1 | (3) | 4
Total | 3 | (15) | (37) | (18)
Fair value hedges |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Foreign exchange contracts | (1) | 0 | (3) | 0
Fair value hedges | Other (income) expense, net |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Other comprehensive (income) expense, derivative, excluded component, increase (decrease), adjustments, before tax | (2) | 0 | (5) | 0
Earnings, fair value hedge, gain (loss), reclassification, before tax | (1) | 0 | (24) | 0
Net Investment Hedging |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Other comprehensive income (loss), net investment hedge, gain (loss), before reclassification and tax | 11 | 10 | 49 | (38)
Net Investment Hedging | Other (income) expense, net |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Net investment hedges | 0 | 0 | 0 | 0
Interest rate contracts | Cash Flow Hedging |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Other comprehensive income (loss), cash flow hedge, gain (loss), before reclassification, tax | 0 | 0 | 0 | 0
Interest rate contracts | Cash Flow Hedging | Interest expense, net |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax | (2) | (2) | (3) | (3)
Foreign exchange contracts | Other (income) expense, net |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in income, undesignated derivative instruments | 4 | (15) | (13) | (18)
Foreign exchange contracts | Cash Flow Hedging |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Other comprehensive income (loss), cash flow hedge, gain (loss), before reclassification, tax | 4 | 10 | 14 | 10
Foreign exchange contracts | Cash Flow Hedging | Cost of sales |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Other comprehensive income (loss), cash flow hedge, gain (loss), reclassification, before tax | $ 3 | $ 3 | $ 5 | $ 7

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