XML 122 R108.htm IDEA: XBRL DOCUMENT v3.22.4
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Impact of Derivative on Consolidated Statement of Income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Derivative [Line Items]      
Net sales $ 20,752 $ 19,628 $ 17,858
Cost of products sold 13,865 13,293 12,408
Interest expense - net 144 144 149
Cash flow hedging | Net sales | Forward starting floating-to-fixed interest rate swaps      
Derivative [Line Items]      
Gain (loss) on hedged item 0    
Gain (loss) on hedging instrument 0    
Cash flow hedging | Net sales | Currency exchange contracts      
Derivative [Line Items]      
Gain (loss) on hedged item 17 6 13
Gain (loss) on hedging instrument (17) (6) (13)
Cash flow hedging | Net sales | Commodity contracts      
Derivative [Line Items]      
Gain (loss) on hedged item 0 0 0
Gain (loss) on hedging instrument 0 0 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    
Gain (loss) on hedging instrument 0    
Cash flow hedging | Cost of products sold | Currency exchange contracts      
Derivative [Line Items]      
Gain (loss) on hedged item (26) 0 5
Gain (loss) on hedging instrument 26 0 (5)
Cash flow hedging | Cost of products sold | Commodity contracts      
Derivative [Line Items]      
Gain (loss) on hedged item 4 (9) (1)
Gain (loss) on hedging instrument (4) 9 1
Cash flow hedging | Interest expense - net | Forward starting floating-to-fixed interest rate swaps      
Derivative [Line Items]      
Gain (loss) on hedged item (4)    
Gain (loss) on hedging instrument 4    
Cash flow hedging | Interest expense - net | Currency exchange contracts      
Derivative [Line Items]      
Gain (loss) on hedged item 0 0 0
Gain (loss) on hedging instrument 0 0 0
Cash flow hedging | Interest expense - net | Commodity contracts      
Derivative [Line Items]      
Gain (loss) on hedged item 0 0 0
Gain (loss) on hedging instrument 0 0 0
Fair value hedging | Net sales | Fixed-to-floating interest rate swaps      
Derivative [Line Items]      
Gain (loss) on hedged item 0 0 0
Gain (loss) on hedging instrument 0 0 0
Fair value hedging | Cost of products sold | Fixed-to-floating interest rate swaps      
Derivative [Line Items]      
Gain (loss) on hedged item 0 0 0
Gain (loss) on hedging instrument 0 0 0
Fair value hedging | Interest expense - net | Fixed-to-floating interest rate swaps      
Derivative [Line Items]      
Gain (loss) on hedged item 8 51 (45)
Gain (loss) on hedging instrument $ (8) $ (51) $ 45