XML 174 R152.htm IDEA: XBRL DOCUMENT v3.25.0.1
Financial Instruments Effect of Derivative Instruments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]      
(Loss) Gain on Derivative Instruments, Net, Pretax [1] $ (208) $ (115) $ 24
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of Goods Sold Cost of Goods Sold Cost of Goods Sold
Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
(Loss) Gain on Hedging Activity [1] $ (65) $ 8 $ 63
Not Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net [1] (143) (123) (39)
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
(Loss) Gain on Hedging Activity [1],[2] 9 (41) (59)
Foreign Exchange Contract [Member] | Cost of Goods Sold | Not Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net [1],[2] 23 (77) (6)
Foreign Exchange Contract [Member] | Other Income (Expense) - net | Not Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net [1],[3] (130) (28) (12)
Commodity Contract [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
(Loss) Gain on Hedging Activity [1],[2] (74) 49 122
Commodity Contract [Member] | Cost of Goods Sold | Not Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net [1],[2],[4] (34) (20) (21)
Commodity Contract [Member] | Other Income (Expense) - net | Not Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, (Loss) Gain, Net [3] $ (2) $ 2 $ 0
[1] For cash flow hedges, this represents the portion of the gain (loss) reclassified from accumulated OCI into income during the period.
[2] Recorded in cost of goods sold, in the Consolidated Statement of Operations.
[3] Recognized in other income (expense) - net, in the Consolidated Statement of Operations. Note that the 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 7 - Supplementary Information, to the Consolidated Financial Statements for additional information.
[4] The net gain (loss) relating to commodity contracts that are not designated as hedging instruments that were recorded in cost of goods sold, in the Consolidated Statement of Operations, are mostly offset by the related net gain (loss) on third-party grower contracts denominated as liabilities.