Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following tables set forth the changes in AOCI by component and the reclassifications out of AOCI for the years ended December 31, 2023 and 2022:

	Foreign Currency Translation Adjustment		Deferred Gain (Loss) on Hedging Activities		Pension and Other Postretirement Benefit Liabilities Adjustment		Unrealized Gain (Loss) on Investments		Accumulated Other Comprehensive Income (Loss)
					(In millions)
Balance at December 31, 2021	$	(2,248)	$	225	$	(147)	$	(2)	$	(2,172)
Other comprehensive income before reclassifications	(609)		268		117		(12)		(236)
Gain (loss) on net investment hedges	328		—		—		—		328
Amounts reclassified from AOCI	—		(352)		23		—		(329)
Tax effect	(93)		7		(15)		1		(100)
Net of tax amount	(374)		(77)		125		(11)		(337)
Balance at December 31, 2022	$	(2,622)	$	148	$	(22)	$	(13)	$	(2,509)
Other comprehensive income before reclassifications	204		337		(46)		16		511
Gain (loss) on net investment hedges	(153)		—		—		—		(153)
Amounts reclassified from AOCI	—		(322)		(42)		—		(364)
Tax effect	32		(5)		2		(1)		28
Net of tax amount	83		10		(86)		15		22
Balance at December 31, 2023	$	(2,539)	$	158	$	(108)	$	2	$	(2,487)

Reclassification Out of Accumulated Other Comprehensive Income [Table Text Block]

	Amounts reclassified from AOCI Year Ended December 31						Affected line item in the
Details about AOCI components	2023		2022		2021		consolidated statement of earnings
	(In millions)
Deferred loss (gain) on hedging activities
	$	—	$	(1)	$	16	Revenues
	(322)		(351)		(490)		Cost of products sold
	(322)		(352)		(474)		Earnings before income taxes
	77		62		118		Income tax expense
	$	(245)	$	(290)	$	(356)	Net earnings
Pension liability adjustment
Amortization of defined benefit pension items:
Prior service losses (credit)	$	(26)	$	(119)	$	(77)	Other (income) expense – net
Actuarial losses	(16)		142		176		Other (income) expense – net
	(42)		23		99		Earnings before income taxes
	(10)		(4)		(26)		Income tax expense (benefit)
	$	(52)	$	19	$	73	Net earnings