Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Derivative Instruments [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The notional amounts and fair values of derivative instruments in the Consolidated Statements of Financial Position as of December 31 were as follows:

	Notional  amounts(1)		Other assets		Accrued liabilities
	2021	2020	2021	2020	2021	2020
Derivatives designated as hedging instruments:
Foreign exchange contracts	$2,630	$2,594	$30	$81	($52)	($24)
Commodity contracts	500	404	88	4	(18)	(43)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	361	769	2	22	(3)	(16)
Commodity contracts	760	904	8		(7)	(17)
Total derivatives	$4,251	$4,671	128	107	(80)	(100)
Netting arrangements			(30)	(31)	30	31
Net recorded balance			$98	$76	($50)	($69)

(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.

Schedule Of Derivative Instruments, Gains/(Losses) In Statement Of Financial Performance

Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income are presented in the following table:

Years ended December 31,	2021	2020
Recognized in Other comprehensive income, net of taxes:
Foreign exchange contracts	($47)	$44
Commodity contracts	102	(30)

Reclassification out of Accumulated Other Comprehensive Income

Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:

Years ended December 31,	2021	2020
Foreign exchange contracts
Revenues		($3)
Costs and expenses	$13	(14)
General and administrative	8	(6)
Commodity contracts
Costs and expenses	($18)	($10)
General and administrative expense	5	(1)