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Financial Instruments - Fair Value of Derivative Instruments (Details)
$ in Millions
Mar. 31, 2022
EUR (€)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Sep. 20, 2021
EUR (€)
Derivatives, Fair Value [Line Items]        
Asset Derivatives   $ 889 $ 687  
Liability Derivatives   404 242  
0.000% Notes Due September 2024 | Exchangeable Notes        
Derivatives, Fair Value [Line Items]        
Debt issued | € € 300,000,000     € 300,000,000
Derivatives designated as accounting hedges        
Derivatives, Fair Value [Line Items]        
Asset Derivatives   165 144  
Liability Derivatives   57 62  
Derivatives designated as accounting hedges | Currency exchange contracts        
Derivatives, Fair Value [Line Items]        
Asset Derivatives   1 0  
Liability Derivatives   3 0  
Derivatives designated as accounting hedges | Interest rate contracts        
Derivatives, Fair Value [Line Items]        
Asset Derivatives   27 27  
Liability Derivatives   3 17  
Derivatives designated as accounting hedges | Net investment hedge derivative contracts        
Derivatives, Fair Value [Line Items]        
Asset Derivatives [1]   137 117  
Liability Derivatives [1]   51 45  
Derivatives not designated as accounting hedges        
Derivatives, Fair Value [Line Items]        
Asset Derivatives   724 543  
Liability Derivatives   347 180  
Derivatives not designated as accounting hedges | Currency exchange contracts        
Derivatives, Fair Value [Line Items]        
Asset Derivatives   135 156  
Liability Derivatives   124 40  
Derivatives not designated as accounting hedges | Commodity contracts        
Derivatives, Fair Value [Line Items]        
Asset Derivatives   589 387  
Liability Derivatives   220 137  
Derivatives not designated as accounting hedges | Equity method investment contracts        
Derivatives, Fair Value [Line Items]        
Asset Derivatives [2]   0 0  
Liability Derivatives [2]   $ 3 $ 3  
[1] Net investment hedge derivative contracts consist of cross-currency interest rate swaps, forward contracts and options. We also designate some of our non-U.S. dollar denominated debt to hedge a portion of our net investments in our non-U.S. operations. This debt is not reflected in the table above, but is included in long-term debt discussed in Note 8, Debt and Borrowing Arrangements. Both net investment hedge derivative contracts and non-U.S. dollar denominated debt acting as net investment hedges are also disclosed in the Derivative Volume table and the Hedges of Net Investments in International Operations section appearing later in this footnote.
[2] Equity method investment contracts consist of the bifurcated embedded derivative option that was a component of the September 20, 2021 €300 million exchangeable bonds issuance. Refer to Note 8, Debt and Borrowing Arrangements