XML 55 R39.htm IDEA: XBRL DOCUMENT v3.24.1.u1
DERIVATIVE AND NON-DERIVATIVE FINANCIAL INSTRUMENTS Part 3 (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Sales $ 2,310 $ 2,412  
Cost of sales 1,778 1,883  
Net interest expense 49 52  
Other Comprehensive Income (Loss), Derivatives and Non-derivatives Qualifying as Hedges, before Tax [Abstract]      
Change in cumulative translation adjustment, before tax (4) (1)  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 3   $ (26)
Summary of Derivative Instruments [Abstract]      
Accumulated Other Comprehensive Income Loss Unrealized Gain Loss From Hedges Before Tax 41   $ (4)
Price Risk Cash Flow Hedge Unrealized Gain to be Reclassified During Next 12 Months (21)    
Commodity Contract [Member] | Cash Flow Hedging [Member]      
Other Comprehensive Income (Loss), Derivatives and Non-derivatives Qualifying as Hedges, before Tax [Abstract]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax $ (4) $ (3)  
Commodity Contract [Member] | Cash Flow Hedging [Member] | Cost of Sales [Member]      
Pre-tax Amount of Gain (Loss) reclassified From Accumulated Other Comprehensive Income Into Income (Effective Portion) [Abstract]      
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of sales Cost of sales  
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]      
Other Comprehensive Income (Loss), Derivatives and Non-derivatives Qualifying as Hedges, before Tax [Abstract]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax $ 7 $ (7)  
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Sales [Member]      
Pre-tax Amount of Gain (Loss) reclassified From Accumulated Other Comprehensive Income Into Income (Effective Portion) [Abstract]      
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration] Sales Sales  
Interest Rate Swap [Member] | Cash Flow Hedging [Member]      
Other Comprehensive Income (Loss), Derivatives and Non-derivatives Qualifying as Hedges, before Tax [Abstract]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax $ 0 $ 1  
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Net Interest Expense      
Pre-tax Amount of Gain (Loss) reclassified From Accumulated Other Comprehensive Income Into Income (Effective Portion) [Abstract]      
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration] Net interest expense Net interest expense  
Interest Rate Contract [Member] | Fair Value Hedging [Member]      
Other Comprehensive Income (Loss), Derivatives and Non-derivatives Qualifying as Hedges, before Tax [Abstract]      
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge $ 1 $ 1  
Interest Rate Contract [Member] | Fair Value Hedging [Member] | Net Interest Expense      
Other Comprehensive Income (Loss), Derivatives and Non-derivatives Qualifying as Hedges, before Tax [Abstract]      
Gain (Loss) on Fair Value Hedges Recognized in Earnings (1) (1)  
Foreign Exchange [Member] | Net Investment Hedging [Member]      
Other Comprehensive Income (Loss), Derivatives and Non-derivatives Qualifying as Hedges, before Tax [Abstract]      
Change in cumulative translation adjustment, before tax 12 (27)  
Not Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net (5) (5)  
Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member]      
Other Comprehensive Income (Loss), Derivatives and Non-derivatives Qualifying as Hedges, before Tax [Abstract]      
Change in cumulative translation adjustment, before tax 39 (17)  
AOCI, Derivative Qualifying as Hedge, Excluded Component $ (10) $ 1