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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:
Notional amounts (1)
Other assetsAccrued liabilities
September 30
2024		December 31
2023		September 30
2024		December 31
2023		September 30
2024		December 31
2023
Derivatives designated as hedging instruments:
Foreign exchange contracts$3,838 $4,120 $84 $85 ($50)($63)
Commodity contracts418 514 75 83 (1)(8)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts720 254 10 1 (25)(32)
Commodity contracts33 115  (2)
Total derivatives$5,009 $5,003 $169 $169 ($76)($105)
Netting arrangements(47)(47)47 47 
Net recorded balance$122 $122 ($29)($58)
(1)Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Schedule of Derivative Instruments, Gains/(Losses) in Statement of Financial Performance
(Losses)/gains associated with our hedging transactions and forward points recognized in Other comprehensive (loss)/income are presented in the following table:
Nine months ended September 30Three months ended September 30

2024202320242023
Recognized in Other comprehensive (loss)/income, net of taxes:
Foreign exchange contracts($18)($30)$57 ($41)
Commodity contracts5 (30)6 6 
Reclassification Out of Accumulated Other Comprehensive Income
(Losses)/gains associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
Nine months ended September 30Three months ended September 30
2024202320242023
Foreign exchange contracts
Costs and expenses($19)($11)($7)($5)
General and administrative expense(13)(21)2 
Commodity contracts
Costs and expenses($6)$24 $6 ($3)
General and administrative expense5 6 2 1