v3.23.3
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Amounts Recognized in Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Gain (loss) recognized in other comprehensive income (loss)        
Total $ 87 $ 117 $ 98 $ 577
Gain (loss) reclassified from Accumulated other comprehensive loss        
Total 27 (3) 65 4
Gain (loss) on sale of business | Net Investment Hedging        
Gain (loss) recognized in other comprehensive income (loss)        
Non-derivative designated as net investment hedges 85 164 19 405
Gain (loss) reclassified from Accumulated other comprehensive loss        
Non-derivative designated as net investment hedges 0 0 0 0
Forward starting floating-to-fixed interest rate swaps | Interest expense - net | Cash flow hedging        
Gain (loss) recognized in other comprehensive income (loss)        
Derivatives designated as cash flow hedges 1 (36) 2 202
Gain (loss) reclassified from Accumulated other comprehensive loss        
Derivatives designated as cash flow hedges 3 1 9 1
Currency exchange contracts | Interest expense - net | Net Investment Hedging | Derivatives designated as hedges        
Gain (loss) recognized in other comprehensive income (loss)        
Amount excluded from effectiveness testing 2 0 11 0
Gain (loss) reclassified from Accumulated other comprehensive loss        
Amount excluded from effectiveness testing 4 0 10 0
Currency exchange contracts | Net sales and Cost of products sold | Cash flow hedging        
Gain (loss) recognized in other comprehensive income (loss)        
Derivatives designated as cash flow hedges (2) (8) 47 (18)
Gain (loss) reclassified from Accumulated other comprehensive loss        
Derivatives designated as cash flow hedges 20 (1) 45 3
Currency exchange contracts | Gain (loss) on sale of business | Net Investment Hedging | Derivatives designated as hedges        
Gain (loss) recognized in other comprehensive income (loss)        
Effective portion 3 0 21 0
Gain (loss) reclassified from Accumulated other comprehensive loss        
Effective portion 0 0 0 0
Commodity contracts | Cost of products sold | Cash flow hedging        
Gain (loss) recognized in other comprehensive income (loss)        
Derivatives designated as cash flow hedges (1) (3) (2) (11)
Gain (loss) reclassified from Accumulated other comprehensive loss        
Derivatives designated as cash flow hedges $ 0 $ (3) $ 1 $ 0