Derivatives Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of cash flow hedges included in AOCI

The derivative instruments designated as cash flow hedges included in AOCL as of December 31, 2023 and 2022, are as follows:

Derivatives in Cash Flow Hedging Relationships	Gains (Losses) included in AOCL as of December 31,
	2023		2022
Commodity contracts, net of income tax effect of $17 and $3, respectively	$	(46)	$	8
Foreign currency contracts, net of income tax effect of $ 1 and $—, respectively	—		1
Interest rate contracts, net of income tax effect of $1	(2)		(3)
Total	$	(48)	$	6

Schedule of fair value and balance sheet location of derivative instruments

The fair value and balance sheet location of our derivative instruments, presented gross in the Consolidated Balance Sheets, are as follows:

	Fair Value of Hedging Instruments as of December 31, 2023
	Designated Hedging Instruments						Non-Designated Hedging Instruments
Balance Sheet Location	Commodity Contracts		Foreign Currency Contracts		Total		Commodity Contracts		Foreign Currency Contracts		Total
Accounts receivable, net	$	6	$	11	$	17	$	—	$	5	$	5
Other assets	—		4		4		—		—		—
Assets	6		15		21		—		5		5
Accounts payable and accrued liabilities	44		14		58		2		12		14
Non-current liabilities	2		2		4		—		—		—
Liabilities	46		16		62		2		12		14
Net Assets/(Liabilities)	$	(40)	$	(1)	$	(41)	$	(2)	$	(7)	$	(9)

	Fair Value of Hedging Instruments as of December 31, 2022
	Designated Hedging Instruments						Non-Designated Hedging Instruments
Balance Sheet Location	Commodity Contracts		Foreign Currency Contracts		Total		Commodity Contracts		Foreign Currency Contracts		Total
Accounts receivable, net	$	28	$	20	$	48	$	—	$	5	$	5
Other assets	1		6		7		—		—		—
Assets	29		26		55		—		5		5
Accounts payable and accrued liabilities	22		23		45		1		6		7
Non-current liabilities	3		9		12		—		—		—
Liabilities	25		32		57		1		6		7
Net Assets/(Liabilities)	$	4	$	(6)	$	(2)	$	(1)	$	(1)	$	(2)

Schedule of amount of gains and losses recognized in OCI and income statement location

Additional information relating to our derivative instruments are as follows:

Derivatives in Cash Flow Hedging Relationships	Gains (Losses) Recognized in OCL on Derivatives						Income Statement Location	Gains (Losses) Reclassified from AOCL into Income
	2023		2022		2021			2023		2022		2021
Commodity contracts	$	(161)	$	202	$	218	Cost of sales	$	(87)	$	261	$	211
Foreign currency contracts	10		8		—		Net sales/Cost of sales	10		7		(1)
Interest rate contracts	—		—		—		Financing costs	(1)		—		(1)
Total	$	(151)	$	210	$	218		$	(78)	$	268	$	209