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Financial Instruments - Derivative Financial Instruments and Hedging Activities (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Amount of Gains/(Losses) Recognized in OID [1] $ (1,153) $ (192)  
Derivative, Amount of Gains/(Losses) Recognized in OCI 1,444 526 $ (582)
All other net, Amount of Gains/(Losses) Recognized in OCI [1],[2] 0 1  
Amount of Gains/(Losses) Recognized in OCI [1] 2,409 1,210  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [3] 2,062 (134) $ (21)
All other net, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[2] 0 1  
Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1] $ 2,190 $ (25)  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income/(deductions)—net Other income/(deductions)—net  
Designated as Hedging Instrument [Member] | Foreign currency short-term borrowings [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Non-Derivative, Amount of Gains/(Losses) Recognized in OCI [1],[4] $ 26 $ 78  
Non-Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[4] 0 0  
Designated as Hedging Instrument [Member] | Foreign Currency Debt [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Non-Derivative, Amount of Gains/(Losses) Recognized in OCI [1],[4] 51 86  
Non-Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[4] 0 0  
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OID [1] (1,153) (192)  
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OCI [1],[5] 1,296 488  
Derivative, Amount of Gains/(Losses) Recognized in OCI, excluded from effectiveness testing and amortized into earnings [1],[2] 148 38  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[5] 1,916 (173)  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS, excluded from effectiveness testing [1],[2] 145 38  
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest rate contracts [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) on interest rate contract Recognized in OID [1] (337) (7)  
Derivative, Amount of Gains/(Losses) on hedged item Recognized in OID [1] 337 7  
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OCI, excluded from effectiveness testing and amortized into earnings [1],[2] 73 52  
Derivative, Amount of Gains/(Losses) Recognized in OCI [1] 816 468  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS, excluded from effectiveness testing [1],[2] 129 109  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1] $ 0 $ 0  
[1] OID = Other (income)/deductions—net, included in Other (income)/deductions—net in the consolidated statements of income. COS = Cost of Sales, included in Cost of sales in the consolidated statements of income. OCI = Other comprehensive income/(loss), included in the consolidated statements of comprehensive income.
[2] The amounts reclassified from OCI were reclassified into OID.
[3] Reclassified into Other (income)/deductions—net and Cost of sales. See Note 7E.
[4] Short-term borrowings and long-term debt include foreign currency borrowings which are used as net investment hedges. The short-term borrowings’ carrying value as of December 31, 2021 was $1.1 billion. The long-term debt carrying values as of December 31, 2022 and December 31, 2021 were $795 million and $844 million, respectively.
[5] The amounts reclassified from OCI into COS were a net gain of $375 million in 2022 and a net loss of $89 million in 2021. The remaining amounts were reclassified from OCI into OID. Based on year-end foreign exchange rates that are subject to change, we expect to reclassify a pre-tax loss of $107 million within the next 12 months into income. The maximum length of time over which we are hedging our exposure to the variability in future foreign exchange cash flows is approximately 20 years and relates to foreign currency debt.