XML 76 R51.htm IDEA: XBRL DOCUMENT v3.24.1.u1
HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Outstanding Derivative Contracts (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Derivatives, Fair Value [Line Items]      
Hedge Assets $ 19 $ 23  
Hedge Liabilities 88 128  
Derivative asset at fair value, current 17 22  
Derivative asset at fair value, noncurrent 2 1  
Total derivatives, hedge assets at fair value 19 23  
Derivative liability at fair value, current 19 46  
Derivative liability at fair value, noncurrent 69 82  
Total derivatives, hedge liabilities at fair value 88 128  
Derivatives accounted for as hedges      
Derivatives, Fair Value [Line Items]      
Hedge Assets 19 10  
Hedge Liabilities 86 119  
Derivatives accounted for as hedges | Commodity swaps/options      
Derivatives, Fair Value [Line Items]      
Notional Amount 185 193  
Hedge Assets 7 4  
Hedge Liabilities $ 5 $ 9  
Maximum term of commodity swaps/options 21 months 24 months  
Derivatives accounted for as hedges | Foreign exchange forwards/options      
Derivatives, Fair Value [Line Items]      
Notional Amount $ 981 $ 952  
Hedge Assets 7 1  
Hedge Liabilities $ 12 $ 31  
Maximum term of foreign exchange forwards/options 15 months 15 months  
Derivatives accounted for as hedges | Cross-currency swaps      
Derivatives, Fair Value [Line Items]      
Notional Amount $ 618 $ 618 $ 618
Hedge Assets 5 5  
Hedge Liabilities $ 69 $ 79  
Maximum term of cross-currency swaps 59 months 62 months  
Derivatives not accounted for as hedges      
Derivatives, Fair Value [Line Items]      
Hedge Assets $ 0 $ 13  
Hedge Liabilities 2 9  
Derivatives not accounted for as hedges | Commodity swaps/options      
Derivatives, Fair Value [Line Items]      
Notional Amount 0 0  
Hedge Assets 0 0  
Hedge Liabilities $ 0 $ 0  
Maximum term of commodity swaps/options 0 months 0 months  
Derivatives not accounted for as hedges | Foreign exchange forwards/options      
Derivatives, Fair Value [Line Items]      
Notional Amount $ 318 $ 1,569  
Hedge Assets 0 13  
Hedge Liabilities $ 2 $ 9  
Maximum term of foreign exchange forwards/options 7 months 10 months