XML 71 R55.htm IDEA: XBRL DOCUMENT v3.25.2
Derivative and Other Financial Instruments - Schedule of Cash Flow Hedges (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Derivative Instruments, Gain (Loss) [Line Items]            
Amount of gain/(loss) recognized in OCI $ 2   $ 10   $ 0 $ 3
Net sales 3,149   3,040   6,036 5,824
Cost of products sold, excluding depreciation and amortization (2,436)   (2,379)   (4,698) (4,626)
Income from operations before taxes and equity in net earnings of affiliates 293   265   565 399
Provision for income taxes (78)   (54)   (124) (94)
Net income 216 $ 227 207 $ 93 443 300
Derivatives in Cash Flow Hedges | Designated as Hedging Instrument | Reclassification out of Accumulated Other Comprehensive Income            
Derivative Instruments, Gain (Loss) [Line Items]            
Income from operations before taxes and equity in net earnings of affiliates 3   (6)   3 (9)
Provision for income taxes (1)   2   (1) 3
Net income 2   (4)   2 (6)
Foreign Exchange            
Derivative Instruments, Gain (Loss) [Line Items]            
Amount of gain/(loss) recognized in OCI 0   0   1 1
Foreign Exchange | Derivatives in Cash Flow Hedges | Designated as Hedging Instrument | Reclassification out of Accumulated Other Comprehensive Income            
Derivative Instruments, Gain (Loss) [Line Items]            
Cost of products sold, excluding depreciation and amortization 0   0   (1) 0
Commodities            
Derivative Instruments, Gain (Loss) [Line Items]            
Amount of gain/(loss) recognized in OCI 2   10   (1) 2
Commodities | Derivatives in Cash Flow Hedges | Designated as Hedging Instrument | Reclassification out of Accumulated Other Comprehensive Income            
Derivative Instruments, Gain (Loss) [Line Items]            
Net sales 7   (14)   4 (18)
Cost of products sold, excluding depreciation and amortization $ (4)   $ 8   $ 0 $ 9