XML 55 R41.htm IDEA: XBRL DOCUMENT v3.23.3
Financial Instruments and Fair Value Measures - Amount Of Gain/(Loss) Recognized For Derivative Instruments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Gain (loss) on derivatives          
Foreign currency contracts $ 531   $ 531   $ 524
Cost of products sold          
Gain (loss) on derivatives          
Pre-tax gains (losses) to be transferred into cost of products sold for foreign currency cash flow hedges during the next 12 months 74   74    
Net foreign exchange loss          
Gain (loss) on derivatives          
Pre-tax gains (losses) to be transferred into net foreign exchange gain/loss for cross-currency swap contract cash flow hedges during the next 12 months 1   1    
Interest expense, net          
Gain (loss) on derivatives          
Pre-tax gains (losses) to be transferred into interest expense, net for treasury rate lock agreement cash flow hedges during the next 12 months 24   24    
Interest expense, net | Fair value hedges          
Gain (loss) on derivatives          
Debt designated as hedged item in fair value hedges gain (loss) recognized in the consolidated statements of earnings 58 $ 141 44 $ 424  
Designated as hedging instrument | Senior notes          
Gain (loss) on derivatives          
Pre-tax gains (losses) from net investment hedge instruments recognized in other comprehensive income 173 431 47 932  
Foreign currency forward exchange contracts | Designated as hedging instrument          
Gain (loss) on derivatives          
Pre-tax gains (losses) from cash flow hedges recognized in other comprehensive income 76 124 81 171  
Pre-tax gains (losses) from net investment hedge instruments recognized in other comprehensive income 241 362 153 748  
Foreign currency forward exchange contracts | Designated as hedging instrument | Cash flow hedges          
Gain (loss) on derivatives          
Derivative instrument net gains (losses) recognized in the consolidate statements of earnings $ 11 21 $ 67 $ 47  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of products sold   Cost of products sold Cost of products sold  
Foreign currency forward exchange contracts | Designated as hedging instrument | Net investment hedges          
Gain (loss) on derivatives          
Derivative instrument net gains (losses) recognized in the consolidate statements of earnings $ 28 $ 29 $ 85 $ 67  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net  
Foreign currency forward exchange contracts | Not designated as hedges          
Gain (loss) on derivatives          
Derivative instrument net gains (losses) recognized in the consolidate statements of earnings $ (41) $ (121) $ (7) $ (285)  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Unrealized Gain (Loss), Foreign Currency Transaction, before Tax Unrealized Gain (Loss), Foreign Currency Transaction, before Tax Unrealized Gain (Loss), Foreign Currency Transaction, before Tax Unrealized Gain (Loss), Foreign Currency Transaction, before Tax  
Treasury rate lock agreements | Designated as hedging instrument | Cash flow hedges          
Gain (loss) on derivatives          
Derivative instrument net gains (losses) recognized in the consolidate statements of earnings $ 6 $ 6 $ 18 $ 18  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net  
Cross-currency swap contracts | Designated as hedging instrument          
Gain (loss) on derivatives          
Pre-tax gains (losses) from cash flow hedges recognized in other comprehensive income $ (14) $ 0 $ (5) $ 0  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Unrealized Gain (Loss), Foreign Currency Transaction, before Tax Unrealized Gain (Loss), Foreign Currency Transaction, before Tax Unrealized Gain (Loss), Foreign Currency Transaction, before Tax Unrealized Gain (Loss), Foreign Currency Transaction, before Tax  
Cross-currency swap contracts | Designated as hedging instrument | Cash flow hedges          
Gain (loss) on derivatives          
Derivative instrument net gains (losses) recognized in the consolidate statements of earnings $ (14) $ 0 $ (6) $ 0  
Interest rate swap contracts | Designated as hedging instrument          
Gain (loss) on derivatives          
Pre-tax gains (losses) from cash flow hedges recognized in other comprehensive income 0 0 0 6  
Interest rate swap contracts | Designated as hedging instrument | Cash flow hedges          
Gain (loss) on derivatives          
Derivative instrument net gains (losses) recognized in the consolidate statements of earnings $ 0 $ 0 $ 0 $ (3)  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net  
Interest rate swap contracts | Designated as hedging instrument | Fair value hedges          
Gain (loss) on derivatives          
Derivative instrument net gains (losses) recognized in the consolidate statements of earnings $ (58) $ (141) $ (44) $ (424)  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net Interest Income (Expense), Nonoperating, Net  
Cross-currency swap contracts | Fair Value, Recurring          
Gain (loss) on derivatives          
Foreign currency contracts $ 5   $ 5    
Cross-currency swap contracts | Significant other observable inputs (Level 2) | Fair Value, Recurring          
Gain (loss) on derivatives          
Foreign currency contracts 5   5    
Cross-currency swap contracts | Quoted prices in active markets for identical assets (Level 1) | Fair Value, Recurring          
Gain (loss) on derivatives          
Foreign currency contracts 0   0    
Cross-currency swap contracts | Significant unobservable inputs (Level 3) | Fair Value, Recurring          
Gain (loss) on derivatives          
Foreign currency contracts $ 0   $ 0