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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 | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | $ 24 | $ 119 | $ 238 | $ 241
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | 5 | 61 | 235 | 178
Foreign exchange |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized on Derivatives not Accounted for as Hedges |  |  | 1 | 70
Foreign exchange | Interest and sundry (income) expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized on Derivatives not Accounted for as Hedges | 6 | 38 |  |
Cash flow hedges |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Tax impact of cash flow hedges | 8 | (14) | 9 | (20)
Cash flow hedges | Commodity swaps/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | (20) | 9 | (18) | 63
Cash flow hedges | Commodity swaps/options | Cost of products sold |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | 5 | 21 | 39 | 50
Cash flow hedges | Foreign exchange |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 109 | 62 | 189 | 69
Cash flow hedges | Foreign exchange | Cost of products sold |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | (3) | (9) | (19) | (3)
Cash flow hedges | Foreign exchange | Net sales |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | (1) | (2) | 0 | 0
Cash flow hedges | Foreign exchange | Interest and sundry (income) expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | 66 | 14 | 162 | 43
Cash flow hedges | Cross-currency swaps |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | (61) | 40 | 37 | 84
Cash flow hedges | Cross-currency swaps | Interest and sundry (income) expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | (62) | 37 | 53 | 88
Cash flow hedges | Interest rate derivatives |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 4 | 1 | 56 | 21
Cash flow hedges | Interest rate derivatives | Interest expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | 0 | 0 |  |
Net Investment hedges |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Tax impact of net investment hedges | 2 | (2) | 6 | (1)
Net Investment hedges | Foreign exchange |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | $ (8) | $ 7 | $ (26) | $ 4

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