v3.24.1.u1
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Impact of Derivative on Consolidated Statement of Income (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Derivative [Line Items]    
Net Sales $ 5,943 $ 5,483
Cost of products sold 3,725 3,599
Interest expense - net 30 50
Cash flow hedging | Net Sales | Forward starting floating-to-fixed interest rate swaps    
Derivative [Line Items]    
Gain (loss) on hedged item 0 0
Gain (loss) on hedging instrument 0 0
Cash flow hedging | Net Sales | Currency exchange contracts    
Derivative [Line Items]    
Gain (loss) on hedged item (1) 2
Gain (loss) on hedging instrument 1 (2)
Cash flow hedging | Net Sales | Commodity contracts    
Derivative [Line Items]    
Gain (loss) on hedged item 0  
Gain (loss) on hedging instrument 0  
Cash flow hedging | Cost of products sold | Forward starting floating-to-fixed interest rate swaps    
Derivative [Line Items]    
Gain (loss) on hedged item 0 0
Gain (loss) on hedging instrument 0 0
Cash flow hedging | Cost of products sold | Currency exchange contracts    
Derivative [Line Items]    
Gain (loss) on hedged item (7) (15)
Gain (loss) on hedging instrument 7 15
Cash flow hedging | Cost of products sold | Commodity contracts    
Derivative [Line Items]    
Gain (loss) on hedged item 1  
Gain (loss) on hedging instrument (1)  
Cash flow hedging | Interest expense - net | Forward starting floating-to-fixed interest rate swaps    
Derivative [Line Items]    
Gain (loss) on hedged item (3) (3)
Gain (loss) on hedging instrument 3 3
Cash flow hedging | Interest expense - net | Currency exchange contracts    
Derivative [Line Items]    
Gain (loss) on hedged item 0 0
Gain (loss) on hedging instrument 0 $ 0
Cash flow hedging | Interest expense - net | Commodity contracts    
Derivative [Line Items]    
Gain (loss) on hedged item 0  
Gain (loss) on hedging instrument $ 0