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Derivative Financial instruments and Risk Management- Effect of derivatives designated as hedging instruments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Derivative Instruments, Gain (Loss)        
Sales of Machinery, Energy & Transportation $ 9,881 $ 12,758 $ 30,513 $ 40,656
Cost of goods sold 6,919 8,569 21,298 27,513
Other income (expense) 14 88 265 316
Designated Derivatives | Cash Flow Hedges        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 5 75 (93) 68
Amount of gain (losses) reclassified from AOCI (93) 96 (98) 109
Machinery, Energy & Transportation        
Derivative Instruments, Gain (Loss)        
Sales of Machinery, Energy & Transportation 9,228 11,974 28,452 38,369
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 66 (13) (58) 8
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Sales        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI (6) 3 10 4
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Cost of Sales        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI (15)   (58) (4)
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Interest rate contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 2   (14) 0
Financial Products        
Derivative Instruments, Gain (Loss)        
Sales of Machinery, Energy & Transportation 653 784 2,061 2,287
Interest Expense 137 189 461 571
Financial Products | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI (64) 100 2 132
Financial Products | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Other Nonoperating Income (Expense)        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI (63) 89 (35) 91
Financial Products | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Interest Expense        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI 8 9 28 23
Financial Products | Designated Derivatives | Cash Flow Hedges | Interest rate contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 1 (12) (23) (72)
Financial Products | Designated Derivatives | Cash Flow Hedges | Interest rate contracts | Interest Expense        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI (16) (3) (40) (2)
All other excluding Financial Products        
Derivative Instruments, Gain (Loss)        
Interest Expense 136 103 384 309
All other excluding Financial Products | Designated Derivatives | Cash Flow Hedges | Interest rate contracts | Interest Expense        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI $ (1) $ (2) $ (3) $ (3)