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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, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | $ 74 | $ 24 | $ (31) | $ 238
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | 22 | 5 | 8 | 235
Foreign exchange forwards/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized on Derivatives not Accounted for as Hedges |  |  | 15 | 1
Foreign exchange forwards/options | Interest and sundry (income) expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized on Derivatives not Accounted for as Hedges | (11) | 6 |  |
Cash flow hedges |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Tax impact of cash flow hedges | (12) | 8 | 10 | 9
Cash flow hedges | Commodity swaps/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 17 | (20) | (5) | (18)
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) | 5 | (10) | 39
Cash flow hedges | Foreign exchange forwards/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 25 | 109 | (38) | 189
Cash flow hedges | Foreign exchange forwards/options | Cost of products sold |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | (15) | (3) | (30) | (19)
Cash flow hedges | Foreign exchange forwards/options | Net sales |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | (1) | (1) | (2) | 0
Cash flow hedges | Foreign exchange forwards/options | Interest and sundry (income) expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | 2 | 66 | 21 | 162
Cash flow hedges | Cross-currency swaps |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 32 | (61) | 12 | 37
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) | 41 | (62) | 29 | 53
Cash flow hedges | Interest rate derivatives |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 0 | 4 | 0 | 56
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 | 0 | 0
Net Investment hedges |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Tax impact of net investment hedges | 0 | 2 | 0 | 6
Net Investment hedges | Foreign exchange forwards/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | $ 0 | $ (8) | $ 0 | $ (26)

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