XML 56 R40.htm IDEA: XBRL DOCUMENT v3.24.0.1
Note 13 - Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
  

December 31, 2023

  

December 31, 2022

 
  

Notional amount

  

Fair value asset (1)

  

Fair value liability (1)

  

Notional amount

  

Fair value asset (1)

  

Fair value liability (1)

 

Derivatives designated as hedging instruments (2):

                        

Foreign exchange and precious metals lease contracts (3)

 $241  $287      $419  $104  $(1)
                         

Derivatives not designated as hedging instruments:

                        

Foreign exchange contracts

  1,988   20  $(17)  2,231   44   (49)

Translated earnings contracts

  5,042   324   (80)  7,543   530   (141)

Total derivatives

 $7,271  $631  $(97) $10,193  $678  $(191)
Derivatives Not Designated as Hedging Instruments [Table Text Block]
        
  

Year ended December 31,

 
  

2023

 

2022

 

Average rate forward contracts:

       

Chinese yuan-denominated

 

$

684

 

$

479

 
Japanese yen-denominated  463  93 

South Korean won-denominated

  

1,609

  

2,117

 

Other foreign currencies (1)

  

198

  

237

 

Option contracts:

       

Japanese yen-denominated (2)

  

2,088

  

4,617

 

Total gross notional value for translated earning contracts

 

$

5,042

 

$

7,543

 
Not Designated as Hedging Instrument [Member]  
Notes Tables  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]
  

Gain recognized in income

  

Undesignated derivatives

 

2023

  

2022

  

2021

 

Location of gain recognized in income

Foreign exchange contracts

 $26  $46  $38 

Other income, net

Translated earnings contracts

  161   351   354 

Translated earnings contract gain, net

Total undesignated

 $187  $397  $392  
Designated as Hedging Instrument [Member]  
Notes Tables  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]
  

Gain recognized in other comprehensive income (OCI)

 

Location of gain (loss) reclassified from accumulated OCI into income

 

Gain (loss) reclassified from accumulated OCI into income

 
  

2023

  

2022

  

2021

 

effective (ineffective)

 

2023

  

2022

  

2021

 

Derivatives hedging relationships for cash flow and fair value hedges:

                         

Foreign exchange and precious metals lease contracts

 $81  $52  $47 

Net sales

     $52  $14 
             

Cost of sales

 $49   32   39 
             

Other income, net

  (3)  (3)  (1)

Total cash flow and fair value hedges

 $81  $52  $47   $46  $81  $52