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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, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | $ (37) | $ 74 | $ 47 | $ (31)
Gain (Loss) Reclassified from OCI into Earnings (Effective Portion) | (18) | 22 | (7) | 8
Foreign exchange forwards/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized on Derivatives not Accounted for as Hedges |  |  | 8 | 15
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 | 0 | (11) |  |
Cash flow hedges |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Tax impact of cash flow hedges | 6 | (13) | (17) | 9
Cash flow hedges | Commodity swaps/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | (4) | 17 | 14 | (5)
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) | 0 | (5) | 0 | (10)
Cash flow hedges | Foreign exchange forwards/options |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | (10) | 25 | 34 | (38)
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) | 4 | (15) | (12) | (30)
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) | 2 | (2)
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 | 2 | 6 | 21
Cash flow hedges | Cross-currency swaps |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (Loss) Recognized in OCI (Effective Portion) | (23) | 32 | (1) | 12
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) | $ (25) | $ 41 | (3) | 29
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

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