XML 66 R55.htm IDEA: XBRL DOCUMENT v3.21.2
Derivative and Other Financial Instruments - Cash Flow Hedges (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]                
Derivatives qualifying as hedges $ (6)     $ 27     $ 26 $ 15
Net sales 2,920     2,489     8,340 6,932
Cost of products sold 2,322     1,926     6,548 5,462
Income Tax Expense (Benefit) (74)     (70)     (285) (143)
Net income from continuing operations 216     179     592 363
Net (loss) / income from discontinued operations (85)     66     (43) 137
Net income 131 $ 173 $ 245 245 $ 141 $ 114 549 500
Designated as Hedging Instrument | Derivatives in cash flow hedges                
Derivative Instruments, Gain (Loss) [Line Items]                
Derivatives qualifying as hedges 23     14     79 (21)
Designated as Hedging Instrument | Derivatives in cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income                
Derivative Instruments, Gain (Loss) [Line Items]                
Amount of gain/(loss) reclassified from AOCI into earnings, before tax 32     (14)     66 (46)
Income Tax Expense (Benefit) (7)     3     (16) 12
Net income from continuing operations 25     (11)     50 (34)
Net income 29     (11)     55 (35)
Designated as Hedging Instrument | Foreign exchange | Derivatives in cash flow hedges                
Derivative Instruments, Gain (Loss) [Line Items]                
Derivatives qualifying as hedges 2     (2)     1 1
Designated as Hedging Instrument | Foreign exchange | Derivatives in cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income                
Derivative Instruments, Gain (Loss) [Line Items]                
Net sales 2     0     1 (2)
Cost of products sold 0     0     0 0
Net (loss) / income from discontinued operations               (1)
Designated as Hedging Instrument | Interest Rate Swap | Derivatives in cash flow hedges                
Derivative Instruments, Gain (Loss) [Line Items]                
Derivatives qualifying as hedges 0     0     2 (1)
Designated as Hedging Instrument | Commodities | Derivatives in cash flow hedges                
Derivative Instruments, Gain (Loss) [Line Items]                
Derivatives qualifying as hedges 21     16     76 (21)
Designated as Hedging Instrument | Commodities | Derivatives in cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income                
Derivative Instruments, Gain (Loss) [Line Items]                
Net sales (15)     7     (35) 17
Cost of products sold 45     $ (21)     100 $ (61)
Net (loss) / income from discontinued operations $ 4           $ 5