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HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Effects of Derivative Instruments on Consolidated Condensed Statements of Income (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]    
Hedges, gain (loss) recognized in OCI $ 11 $ 159
Cash flow hedges, gain (loss) reclassified from OCI into earnings 83 126
Foreign exchange    
Derivative Instruments, Gain (Loss) [Line Items]    
Foreign exchange forwards/options (16) 79
Cash flow hedges    
Derivative Instruments, Gain (Loss) [Line Items]    
Tax impact of cash flow hedges 19 (12)
Cash flow hedges | Commodity swaps/options    
Derivative Instruments, Gain (Loss) [Line Items]    
Cash flow hedges, gain (loss) recognized in OCI 39 26
Cash flow hedges | Commodity swaps/options | Cost of products sold    
Derivative Instruments, Gain (Loss) [Line Items]    
Cash flow hedges, gain (loss) reclassified from OCI into earnings 18 12
Cash flow hedges | Foreign exchange    
Derivative Instruments, Gain (Loss) [Line Items]    
Cash flow hedges, gain (loss) recognized in OCI (43) 48
Cash flow hedges | Foreign exchange | Cost of products sold    
Derivative Instruments, Gain (Loss) [Line Items]    
Cash flow hedges, gain (loss) reclassified from OCI into earnings (5) 9
Cash flow hedges | Foreign exchange | Net sales    
Derivative Instruments, Gain (Loss) [Line Items]    
Cash flow hedges, gain (loss) reclassified from OCI into earnings 0 2
Cash flow hedges | Foreign exchange | Interest and sundry (income) expense    
Derivative Instruments, Gain (Loss) [Line Items]    
Cash flow hedges, gain (loss) reclassified from OCI into earnings 29 44
Cash flow hedges | Cross-currency swaps    
Derivative Instruments, Gain (Loss) [Line Items]    
Cash flow hedges, gain (loss) recognized in OCI 8 32
Cash flow hedges | Cross-currency swaps | Interest and sundry (income) expense    
Derivative Instruments, Gain (Loss) [Line Items]    
Cash flow hedges, gain (loss) reclassified from OCI into earnings 41 59
Cash flow hedges | Interest rate derivatives    
Derivative Instruments, Gain (Loss) [Line Items]    
Cash flow hedges, gain (loss) recognized in OCI 23 46
Net Investment hedges    
Derivative Instruments, Gain (Loss) [Line Items]    
Tax impact of net investment hedges 3 (2)
Net Investment hedges | Foreign exchange    
Derivative Instruments, Gain (Loss) [Line Items]    
Foreign currency $ (16) $ 7