XML 102 R92.htm IDEA: XBRL DOCUMENT v3.22.2
Financial Instruments Effect of Derivative Instruments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) on Derivative Instruments, Net, Pretax [1] $ 123 $ (75) $ 27 $ (64)
Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of (loss) gain recognized in OCI- Pre Tax [2] 102 48 93 136
Amount of gain (loss) recognized in Income - Pre-tax [1] 86 10 101 15
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Foreign Currency Contract [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of (loss) gain recognized in OCI- Pre Tax [2] 20 (7) 27 14
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of (loss) gain recognized in OCI- Pre Tax [2] 21 (37) (81) (6)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract [Member] | Cost of Goods Sold        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of gain (loss) recognized in Income - Pre-tax [1],[3] (2) (2) (5) (1)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Commodity Contract [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of (loss) gain recognized in OCI- Pre Tax [2] 61 92 147 128
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Commodity Contract [Member] | Cost of Goods Sold        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of gain (loss) recognized in Income - Pre-tax [1],[3] 88 12 106 16
Not Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of gain (loss) recognized in income - pre-tax [1] 37 (85) (74) (79)
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Cost of Goods Sold        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of gain (loss) recognized in income - pre-tax [1],[3] 31 (30) (5) (28)
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Income - net        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of gain (loss) recognized in income - pre-tax [1],[4] 10 (50) (43) (34)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Cost of Goods Sold        
Derivative Instruments, Gain (Loss) [Line Items]        
Amount of gain (loss) recognized in income - pre-tax [1],[3] $ (4) $ (5) $ (26) $ (17)
[1] For cash flow hedges, this represents the portion of the gain (loss) reclassified from accumulated OCI into income during the period.
[2] OCI is defined as other comprehensive income (loss).
[3] Recorded in cost of goods sold in the interim Consolidated Statements of Operations.
[4] Gain recognized in other income - net was partially offset by the related gain on the foreign currency-denominated monetary assets and liabilities of the company's operations. See Note 5 - Supplementary Information, to the interim Consolidated Financial Statements, for additional information.