XML 83 R70.htm IDEA: XBRL DOCUMENT v3.24.3
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Summary of Gains and Losses on Hedging Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]        
Other comprehensive income (loss), cash flow hedge and net investment hedge, gain (loss), before reclassification, tax $ (77) $ 57 $ (17) $ 29
Other comprehensive income (loss), reclassification adjustment from AOCI, cash flow hedges and net investment hedges, net of tax 3 2 0 6
Total 6 (1) (24) (9)
Fair value hedges        
Derivative Instruments, Gain (Loss) [Line Items]        
Foreign exchange contracts     (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     (5) 0
Earnings, fair value hedge, gain (loss), reclassification, before tax     (24) 0
Net Investment Hedging        
Derivative Instruments, Gain (Loss) [Line Items]        
Other comprehensive income (loss), net investment hedge, gain (loss), before reclassification and tax (68) 48 (19) 10
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 (1) (1) (4) (4)
Foreign exchange contracts | Other (income) expense, net        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (loss) recognized in income, undesignated derivative instruments 6 (1) 0 (9)
Foreign exchange contracts | Cash Flow Hedging        
Derivative Instruments, Gain (Loss) [Line Items]        
Other comprehensive income (loss), cash flow hedge, gain (loss), before reclassification, tax (9) 9 5 19
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 $ 4 $ 3 $ 9 $ 10