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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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI $ 45 $ 5 $ 141 $ (93)
Amount of gain (losses) reclassified from AOCI (85) 93 (164) 98
Sales and revenues 12,397 9,881 37,173 30,513
Cost of goods sold 8,617 6,919 25,510 21,298
Other income (expense) 225 14 751 265
Designated Derivatives | Cash Flow Hedges        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 45 5 141 (93)
Amount of gain (losses) reclassified from AOCI 85 (93) 164 (98)
Machinery, Energy & Transportation        
Derivative Instruments, Gain (Loss)        
Sales and revenues 11,707 9,228 35,091 28,452
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI (47) 66 (40) (58)
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Sales        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI 2 (6) (21) 10
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 4 (15) 42 (58)
Machinery, Energy & Transportation | Designated Derivatives | Cash Flow Hedges | Interest rate contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI   2 7 (14)
Financial Products        
Derivative Instruments, Gain (Loss)        
Sales and revenues 690 653 2,082 2,061
Financial Products | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 89 (64) 170 2
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 87 (63) 167 (35)
Financial Products | Designated Derivatives | Cash Flow Hedges | Foreign exchange contracts | Interest Expense        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI (3) 8 (1) 28
Financial Products | Designated Derivatives | Cash Flow Hedges | Interest rate contracts        
Derivative Instruments, Gain (Loss)        
Amount of gains (losses) recognized in AOCI 3 1 4 (23)
Financial Products | Designated Derivatives | Cash Flow Hedges | Interest rate contracts | Interest Expense        
Derivative Instruments, Gain (Loss)        
Amount of gain (losses) reclassified from AOCI (5) (16) (21) (40)
All other excluding Financial Products        
Derivative Instruments, Gain (Loss)        
Interest expense excluding Financial Products $ 114 136 376 384
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)