XML 105 R93.htm IDEA: XBRL DOCUMENT v3.23.1
Financial Instruments Effect of Derivative Instruments (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]    
Gain (Loss) on Derivative Instruments, Net, Pretax [1] $ 2 $ (96)
Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), Reclassification, before Tax [2] (73) (9)
Amount of gain (loss) recognized in Income - Pre-tax [1] 21 15
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Foreign Currency Contract [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), Reclassification, before Tax [2] 0 7
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax [2] (15) (102)
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 (3)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Commodity Contract [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax [2] (58) 86
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] 19 18
Not Designated as Hedging Instrument [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain (loss) recognized in income - pre-tax [1] (19) (111)
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] (12) (36)
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] (3) (53)
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] (1) (22)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Other Income - net    
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of gain (loss) recognized in income - pre-tax $ (3) $ 0
[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] ecognized in other income (expense). Note that net loss from foreign currency contracts was partially offset by the related gain on the foreign currency-denominated monetary assets and liabilities of the company's operations. See Note 6 - Supplementary Information, to the interim Consolidated Financial Statements, for additional information.