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DERIVATIVE FINANCIAL INSTRUMENTS - Effect of derivative instruments on income (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Income Statement Accounts in which effects of cash flow hedges are recorded |  |  |  |
Cost of goods sold | $ (967) | $ (998) | $ (3,015) | $ (3,015)
Interest expense | (13) | (17) | (44) | (47)
Cash Flow Hedging | Derivatives designated as hedges |  |  |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |  |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | 0 | 0 | 1 | (3)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |  |  |
Total | 0 | 0 | 1 | (3)
Cash Flow Hedging | Derivatives designated as hedges | Cost of goods sold |  |  |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |  |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | 0 | 0 | 1 | (3)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |  |  |
Total | 0 | 0 | 1 | (3)
Cash Flow Hedging | Derivatives designated as hedges | Interest Expense |  |  |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |  |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | 1 | 1 | 3 | 2
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |  |  |
Total | 1 | 1 | 3 | 2
Cash Flow Hedging | Commodity swaps | Derivatives designated as hedges | Cost of goods sold |  |  |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |  |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | 0 | 0 | 1 | (3)
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |  |  |
Total | 0 | 0 | 1 | (3)
Cash Flow Hedging | Commodity swaps | Derivatives designated as hedges | Interest Expense |  |  |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |  |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) | 0 | 0 | 0 | 0
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |  |  |
Total | 0 | 0 | 0 | 0
Cash Flow Hedging | Foreign exchange contracts | Derivatives designated as hedges | Cost of goods sold |  |  |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |  |  |
Gain (Loss) Reclassified from AOCI into Income (Loss) |  | 0 |  | 0
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |  |  |
Total |  | 0 |  | 0
Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest |  |  |  |
Income Statement Accounts in which effects of cash flow hedges are recorded |  |  |  |
Cost of goods sold | (967) | (998) | (3,015) | (3,015)
Interest expense | (13) | (17) | (44) | (47)
Net Investment Hedging | Cross currency swaps - net investment hedge | Derivatives designated as hedges | Cost of goods sold |  |  |  |
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |  |  |
Cross currency swaps - net investment hedge | 0 | 0 | 0 | 0
Net Investment Hedging | Cross currency swaps - net investment hedge | Derivatives designated as hedges | Interest Expense |  |  |  |
Amount excluded from effectiveness testing recognized in Income (loss) based on amortization approach: |  |  |  |
Cross currency swaps - net investment hedge | $ 1 | $ 1 | $ 3 | $ 2

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