XML 69 R58.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Derivative and Other Financial Instruments - Schedule of Cash Flow Hedges (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/(loss) recognized in OCI $ (7) $ 3
Net sales 2,784 2,974
Cost of products sold, excluding depreciation and amortization 2,247 2,411
Income from operations before taxes and equity in net earnings of affiliates 134 161
Provision for income taxes 40 42
Net income 93 122
Derivatives in Cash Flow Hedges | Designated as Hedging Instrument | Reclassification out of Accumulated Other Comprehensive Income    
Derivative Instruments, Gain (Loss) [Line Items]    
Income from operations before taxes and equity in net earnings of affiliates (3) (4)
Provision for income taxes 1 1
Net income (2) (3)
Foreign Exchange    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/(loss) recognized in OCI 1 2
Foreign Exchange | Derivatives in Cash Flow Hedges | Designated as Hedging Instrument | Reclassification out of Accumulated Other Comprehensive Income    
Derivative Instruments, Gain (Loss) [Line Items]    
Cost of products sold, excluding depreciation and amortization 0 1
Commodities    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain/(loss) recognized in OCI (8) 1
Commodities | Derivatives in Cash Flow Hedges | Designated as Hedging Instrument | Reclassification out of Accumulated Other Comprehensive Income    
Derivative Instruments, Gain (Loss) [Line Items]    
Net sales (4) (2)
Cost of products sold, excluding depreciation and amortization $ 1 $ (3)