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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, 2024
Mar. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]    
Gain (Loss) Recognized in OCI (Effective Portion) $ 33 $ (22)
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) 2 (6)
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 (3) 13
Cash flow hedges    
Derivative Instruments, Gain (Loss) [Line Items]    
Tax impact of cash flow hedges (9) 5
Cash flow hedges | Commodity swaps/options    
Derivative Instruments, Gain (Loss) [Line Items]    
Gain (Loss) Recognized in OCI (Effective Portion) 5 0
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) (2) 0
Cash flow hedges | Foreign exchange forwards/options    
Derivative Instruments, Gain (Loss) [Line Items]    
Gain (Loss) Recognized in OCI (Effective Portion) 15 (20)
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) (13) (8)
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 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) 0 9
Cash flow hedges | Cross-currency swaps    
Derivative Instruments, Gain (Loss) [Line Items]    
Gain (Loss) Recognized in OCI (Effective Portion) 13 (1)
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) 16 (7)
Cash flow hedges | Interest rate derivatives    
Derivative Instruments, Gain (Loss) [Line Items]    
Gain (Loss) Recognized in OCI (Effective Portion) $ 0 $ (1)