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Derivative and Other Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Impact on Accumulated Other Comprehensive Income and Earnings from Changes in Fair Value The following tables set forth financial information about the impact on other comprehensive income ("OCI"), accumulated other comprehensive income ("AOCI") and earnings from changes in the fair value related to derivative instruments designated as cash flow hedges.
 Amount of gain / (loss) recognized in AOCI
Derivatives in cash flow hedges20222021
Foreign exchange$(1)$(5)
Interest rate— 2 
Commodities(27)74 
$(28)$71 
Amount of gain / (loss) reclassified from AOCI into income
Derivatives in cash flow hedges20222021Affected line item in the
Statements of Operations
Foreign exchange$(7)$(4)Net sales
Commodities(6)(54)Net sales
Foreign exchange3 2 Cost of products sold, excluding depreciation and amortization
Commodities29 147 Cost of products sold, excluding depreciation and amortization
19 91 Income / (loss) from continuing operations before income taxes and equity in net earnings of affiliates
(4)(23)Provision for / (benefit from) income taxes
15 68 Net income / (loss) from continuing operations
Commodities— 5 Net (loss) / income from discontinued operations
Total reclassified$15 $73 Net income / (loss)
Impact on Earnings from Derivatives Not Designated as Hedges The following table sets forth the impact on earnings from derivatives not designated as hedges.
Pre-tax amount of gain / (loss) recognized in earnings
Derivatives not designated as hedges20222021Affected line item in the
Statements of Operations
Foreign exchange$(2)$(3)Net sales
Foreign exchange7 (1)Cost of products sold
Foreign exchange(14)(29)Foreign exchange
$(9)$(33)
Schedule of Impact on Other Comprehensive Income from Changes in Fair Value
The following tables set forth financial information about the impact on accumulated other comprehensive income from changes in the fair value of derivative instruments designated as net investment hedges.
Amount of gain / (loss) recognized in AOCI
Derivatives designated as net investment hedges20222021
Foreign exchange$32 $47 
Fair Value of Financial Assets and Liabilities on Recurring Basis The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2022 and December 31, 2021, respectively. The fair value of these financial instruments were reported under Level 2 of the fair value hierarchy.
Balance Sheet classificationDecember 31,
2022		December 31,
2021		Balance Sheet classificationDecember 31,
2022		December 31,
2021
Derivatives designated as hedging instruments
Foreign exchange contracts cash flowPrepaid expenses and other current assets$3 $3 Accrued liabilities$2 $10 
Other non-current assets1 — Other non-current liabilities— — 
Foreign exchange contracts fair valuePrepaid expenses and other current assets4 1 Accrued liabilities4 2 
Commodities contracts cash flowPrepaid expenses and other current assets11 53 Accrued liabilities27 17 
Other non-current assets— 2 Other non-current liabilities— 1 
Net investment hedgeOther non-current assets90 49 Other non-current liabilities— — 
$109 $108 $33 $30 
Derivatives not designated as hedging instruments
Foreign exchange contractsPrepaid expenses and other current assets$8 $3 Accrued liabilities$2 $3 
Total derivatives$117 $111 $35 $33 


Fair Value Hedge Carrying Amounts
Carrying amount of the hedged assets and liabilities
Line item in the Balance Sheet in which the hedged item is includedDecember 31, 2022December 31, 2021
Cash and cash equivalents22 38 
Receivables, net16 21 
Accrued liabilities111 116 
Offsetting Assets In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate.
Gross amounts recognized in the Balance SheetGross amounts not offset in the Balance SheetNet amount
Balance at December 31, 2022
Derivative assets$117 $13 $104 
Derivative liabilities35 13 22 
Balance at December 31, 2021
Derivative assets$111 $19 $92 
Derivative liabilities33 19 14 
Offsetting Liabilities In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate.
Gross amounts recognized in the Balance SheetGross amounts not offset in the Balance SheetNet amount
Balance at December 31, 2022
Derivative assets$117 $13 $104 
Derivative liabilities35 13 22 
Balance at December 31, 2021
Derivative assets$111 $19 $92 
Derivative liabilities33 19 14 
Notional Values of Outstanding Derivative Instruments in the Consolidated Balance Sheets The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at December 31, 2022 and December 31, 2021 were:
December 31, 2022December 31, 2021
Derivatives designated as cash flow hedges:
Foreign exchange$287 $241 
Commodities230 261 
Derivatives designated as fair value hedges:
Foreign exchange201 229 
Derivatives designated as net investment hedges:
Foreign exchange875 875 
Derivatives not designated as hedges:
Foreign exchange512 617