XML 67 R49.htm IDEA: XBRL DOCUMENT v3.23.2
HEDGES AND DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Outstanding Derivative Contracts (Details) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Derivatives, Fair Value [Line Items]    
Hedge Assets $ 10 $ 41
Hedge Liabilities 139 85
Derivative asset at fair value, current 10 40
Derivative asset at fair value, noncurrent 0 1
Total derivatives, hedge assets at fair value 10 41
Derivative liability at fair value, current 71 41
Derivative liability at fair value, noncurrent 68 44
Total derivatives, hedge liabilities at fair value 139 85
Derivatives accounted for as hedges    
Derivatives, Fair Value [Line Items]    
Hedge Assets 9 36
Hedge Liabilities 138 79
Derivatives accounted for as hedges | Commodity swaps/options    
Derivatives, Fair Value [Line Items]    
Notional Amount 225 170
Hedge Assets 1 7
Hedge Liabilities $ 27 $ 17
Maximum term of commodity swaps/options 22 months 24 months
Derivatives accounted for as hedges | Foreign exchange forwards/options    
Derivatives, Fair Value [Line Items]    
Notional Amount $ 1,131 $ 998
Hedge Assets 4 24
Hedge Liabilities $ 49 $ 20
Maximum term of foreign exchange forwards/options 15 months 15 months
Derivatives accounted for as hedges | Cross-currency swaps    
Derivatives, Fair Value [Line Items]    
Notional Amount $ 618 $ 618
Hedge Assets 4 5
Hedge Liabilities $ 62 $ 42
Maximum term of cross-currency swaps 68 months 74 months
Derivatives not accounted for as hedges    
Derivatives, Fair Value [Line Items]    
Hedge Assets $ 1 $ 5
Hedge Liabilities 1 6
Derivatives not accounted for as hedges | Commodity swaps/options    
Derivatives, Fair Value [Line Items]    
Notional Amount 0 1
Hedge Assets 0 0
Hedge Liabilities $ 0 $ 0
Maximum term of commodity swaps/options 0 months 0 months
Derivatives not accounted for as hedges | Foreign exchange forwards/options    
Derivatives, Fair Value [Line Items]    
Notional Amount $ 394 $ 439
Hedge Assets 1 5
Hedge Liabilities $ 1 $ 6
Maximum term of foreign exchange forwards/options 5 months 5 months