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Financial Instruments - Fair Value of Derivative Instruments (Details)
€ / shares in Units, shares in Millions, $ in Millions
Dec. 31, 2023
€ / shares
Sep. 29, 2023
€ / shares
Jun. 30, 2023
USD ($)
shares
Mar. 30, 2023
shares
Dec. 31, 2022
USD ($)
Dec. 31, 2021
EUR (€)
Sep. 20, 2021
EUR (€)
Derivatives, Fair Value [Line Items]              
Asset Derivatives     $ 1,587   $ 790    
Liability Derivatives     $ 1,228   629    
0.000% Notes Due September 2024 | Exchangeable Notes              
Derivatives, Fair Value [Line Items]              
Debt issued | €           € 300,000,000 € 300,000,000
Equity method investment contracts | JDEP              
Derivatives, Fair Value [Line Items]              
Derivative, underlying investment (in shares) | shares     7.7 7.7      
Equity method investment contracts | Minimum | JDEP | Forecast              
Derivatives, Fair Value [Line Items]              
Option strike price (in euros per share) | € / shares € 26.10 € 26.10          
Equity method investment contracts | Maximum | JDEP | Forecast              
Derivatives, Fair Value [Line Items]              
Option strike price (in euros per share) | € / shares € 28.71 € 28.71          
Derivatives designated as accounting hedges              
Derivatives, Fair Value [Line Items]              
Asset Derivatives     $ 407   397    
Liability Derivatives     309   276    
Derivatives designated as accounting hedges | Interest rate contracts              
Derivatives, Fair Value [Line Items]              
Asset Derivatives     106   132    
Liability Derivatives     47   35    
Derivatives designated as accounting hedges | Net investment hedge derivative contracts              
Derivatives, Fair Value [Line Items]              
Asset Derivatives [1]     301   265    
Liability Derivatives [1]     262   241    
Derivatives not designated as accounting hedges              
Derivatives, Fair Value [Line Items]              
Asset Derivatives     1,180   393    
Liability Derivatives     919   353    
Derivatives not designated as accounting hedges | Currency exchange contracts              
Derivatives, Fair Value [Line Items]              
Asset Derivatives     257   185    
Liability Derivatives     144   103    
Derivatives not designated as accounting hedges | Interest rate contracts              
Derivatives, Fair Value [Line Items]              
Asset Derivatives     11   8    
Liability Derivatives     4   0    
Derivatives not designated as accounting hedges | Commodity contracts              
Derivatives, Fair Value [Line Items]              
Asset Derivatives     912   200    
Liability Derivatives     766   247    
Derivatives not designated as accounting hedges | Equity method investment contracts              
Derivatives, Fair Value [Line Items]              
Asset Derivatives [2]     0   0    
Liability Derivatives [2]     $ 5   $ 3    
[1] Net investment hedge derivative contracts consist of cross-currency interest rate swaps, forward contracts and options. We also designate some of our non-U.S. dollar denominated debt to hedge a portion of our net investments in our non-U.S. operations. This debt is not reflected in the table above, but is included in long-term debt discussed in Note 8, Debt and Borrowing Arrangements. Both net investment hedge derivative contracts and non-U.S. dollar denominated debt acting as net investment hedges are also disclosed in the Derivative Volume table and the Hedges of Net Investments in International Operations section appearing later in this footnote.
[2] Equity method investment contracts consist of two types of derivatives: (a) options to sell shares of JDEP in tranches equivalent to approximately 7.7 million shares that are exercisable at maturity over the third quarter of 2023 with strike prices ranging between €26.10 and €28.71 per share and (b) the bifurcated embedded derivative option that was a component of the September 20, 2021 €300 million exchangeable bonds issuance. Refer to Note 8, Debt and Borrowing Arrangements.