Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

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 assets		Accrued liabilities
	March 31 2025	December 31 2024	March 31 2025	December 31 2024	March 31 2025	December 31 2024
Derivatives designated as hedging instruments:
Foreign exchange contracts	$5,123	$5,139	$51	$23	($129)	($213)
Commodity contracts	361	388	61	65	(12)	(12)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	121	103	1	1	(12)	(17)
Commodity contracts	104	129
Total derivatives	$5,709	$5,759	$113	$89	($153)	($242)
Netting arrangements			(33)	(24)	33	24
Net recorded balance			$80	$65	($120)	($218)

(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/(loss) are presented in the following table:

	Three months ended March 31
	2025	2024
Recognized in Other comprehensive income/(loss), net of taxes:
Foreign exchange contracts	$67	($57)
Commodity contracts	1	(8)

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:

	Three months ended March 31
	2025	2024
Foreign exchange contracts
Costs and expenses	($4)	($7)
General and administrative expense	(10)	(4)
Commodity contracts
Costs and expenses	($11)
General and administrative expense	2	$2