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Derivative Financial instruments and Risk Management- Effect of derivatives designated as hedging instruments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI $ 17 $ (90) $ 96 $ (98)
Amount of gain (losses) reclassified from AOCI 39 75 (79) 5
Sales and revenues 12,889 9,997 24,776 20,632
Cost of goods sold 8,881 7,113 16,893 14,379
Other income (expense) 201 29 526 251
Designated Derivatives | Cash Flow Hedges        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 17 (90) 96 (98)
Amount of gain (losses) reclassified from AOCI (39) (75) 79 (5)
Machinery, Energy & Transportation        
Derivative Instruments, Gain (Loss)        
Sales and revenues 12,193 9,310 23,384 19,224
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 54 (34) 7 (124)
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Sales        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI (10) 11 (23) 16
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 10 (32) 38 (43)
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Interest rate contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 0 (12) 7 (16)
Financial Products        
Derivative Instruments, Gain (Loss)        
Sales and revenues 696 687 1,392 1,408
Interest Expense 116 149 241 324
Financial Products | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI (38) (35) 81 66
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 (32) (43) 80 28
Financial Products | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Interest Expense        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI 0 9 2 20
Financial Products | Designated Derivatives | Cash Flow Hedges | Interest rate contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 1 (9) 1 (24)
Financial Products | Designated Derivatives | Cash Flow Hedges | Interest rate contracts | Interest Expense        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI (6) (19) (16) (24)
All other excluding Financial Products        
Derivative Instruments, Gain (Loss)        
Interest Expense 120 135 262 248
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) $ (2) $ (2)