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Derivative Financial instruments and Risk Management- Effect of derivatives designated as hedging instruments (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Derivative Instruments, Gain (Loss)    
Amount of gains (losses) recognized in AOCI $ 79 $ (8)
Amount of gain (losses) reclassified from AOCI (118) (70)
Sales and revenues 11,887 10,635
Cost of goods sold 8,012 7,266
Other income (expense) 325 222
Designated Derivatives | Cash Flow Hedges    
Derivative Instruments, Gain (Loss)    
Amount of gains (losses) recognized in AOCI 79 (8)
Amount of gain (losses) reclassified from AOCI 118 70
Machinery, Energy & Transportation    
Derivative Instruments, Gain (Loss)    
Sales and revenues 11,191 9,914
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts    
Derivative Instruments, Gain (Loss)    
Amount of gains (losses) recognized in AOCI (47) (90)
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Sales    
Derivative Instruments, Gain (Loss)    
Amount of gain (losses) reclassified from AOCI (13) 5
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 28 (11)
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Interest rate contracts    
Derivative Instruments, Gain (Loss)    
Amount of gains (losses) recognized in AOCI 7 (4)
Financial Products    
Derivative Instruments, Gain (Loss)    
Sales and revenues 696 721
Interest Expense 125 175
Financial Products | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts    
Derivative Instruments, Gain (Loss)    
Amount of gains (losses) recognized in AOCI 119 101
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 112 71
Financial Products | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Interest Expense    
Derivative Instruments, Gain (Loss)    
Amount of gain (losses) reclassified from AOCI 2 11
Financial Products | Designated Derivatives | Cash Flow Hedges | Interest rate contracts    
Derivative Instruments, Gain (Loss)    
Amount of gains (losses) recognized in AOCI 0 (15)
Financial Products | Designated Derivatives | Cash Flow Hedges | Interest rate contracts | Interest Expense    
Derivative Instruments, Gain (Loss)    
Amount of gain (losses) reclassified from AOCI (10) (5)
All other excluding Financial Products    
Derivative Instruments, Gain (Loss)    
Interest Expense 142 113
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) $ (1)