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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 | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | $ 52 | $ (83) | $ 85 | $ (105)
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | 7 | (8) | 9 | (14)
Foreign exchange forwards/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized on Derivatives not Accounted for as Hedges |  |  | 8 | 27
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 | 10 | 14 |  |
Cash flow hedges |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Tax impact of cash flow hedges | (14) | 18 | (23) | 23
Cash flow hedges | Commodity swaps/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 14 | (22) | 19 | (22)
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 | (5) | 0 | (5)
Cash flow hedges | Foreign exchange forwards/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 29 | (43) | 44 | (63)
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) | (3) | (7) | (16) | (15)
Cash flow hedges | Foreign exchange forwards/options | Net sales |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | 0 | (1) | 1 | (1)
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) | 3 | 9 | 2 | 18
Cash flow hedges | Cross-currency swaps |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 9 | (19) | 22 | (20)
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) | 5 | (5) | 22 | (12)
Cash flow hedges | Interest rate derivatives |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | 0 | 1 |  |
Cash flow hedges | Interest rate derivatives | Interest expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | $ 0 | $ 1 | $ 0 | $ 1

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