FINANCIAL INSTRUMENTS AND FAIR VALUE MEASURES (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table sets forth the Company’s financial assets and liabilities accounted for at fair value on a recurring basis:

	September 30, 2020		December 31, 2019
Assets:
Foreign currency exchange contracts	$	357	$	291
Available for sale investments	1,160		1,523
Interest rate swap agreements	230		38
Cross currency swap agreements	10		51
Liabilities:
Foreign currency exchange contracts	$	34	$	21
Interest rate swap agreements	—		13

Financial assets and liabilities that were not carried at fair value

The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:

	September 30, 2020				December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets
Long-term receivables	$	148	$	143	$	129	$	127
Liabilities
Long-term debt and related current maturities	$	18,672	$	20,084	$	12,486	$	13,578

Amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges [Table Text Block]

The following table sets forth the amounts on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges:

Line in the Consolidated Balance Sheet of Hedged Item	Carrying Amount of the Hedged Item				Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
	September 30, 2020		December 31, 2019		September 30, 2020		December 31, 2019
Long-term debt	$	4,180	$	3,975	$	230	$	25

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following tables summarize the location and impact to the Consolidated Statement of Operations related to fair value and cash flow hedging relationships:

	Three Months Ended September 30, 2020
	Revenue		Cost of Products Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	7,797	$	4,315	$	1,103	$	62	$	101
Gain or (loss) on cash flow hedges:
Foreign Currency Exchange Contracts:
Amount reclassified from accumulated other comprehensive income into income	(1)		(1)		(1)		(35)		—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		4		—		8		—
Gain or (loss) on fair value hedges:
Interest Rate Swap Agreements:
Hedged items	—		—		—		—		13
Derivatives designated as hedges	—		—		—		—		(13)

	Three Months Ended September 30, 2019
	Revenue		Cost of Products Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	9,086	$	4,775	$	1,296	$	(311)	$	96
Gain or (loss) on cash flow hedges:
Foreign Currency Exchange Contracts:
Amount reclassified from accumulated other comprehensive income into income	1		9		—		53		—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		6		—		9		—
Gain or (loss) on fair value hedges:
Interest Rate Swap Agreements:
Hedged items	—		—		—		—		(55)
Derivatives designated as hedges	—		—		—		—		55

	Nine Months Ended September 30, 2020
	Revenue		Cost of Products Sold		Selling, General and Administrative Expenses		Other (Income) Expense	Interest and Other Financial Charges
	$	23,737	$	12,852	$	3,524	(546)	$	264
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	(2)		29		(4)		(37)	—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		12		—		25	—
Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—		—		—		—	(206)
Derivatives designated as hedges	—		—		—		—	206

	Nine Months Ended September 30, 2019
	Revenue		Cost of Products Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	27,213	$	14,244	$	4,046	$	(901)	$	266
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	2		33		1		77		—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		17		—		27		—
Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—		—		—		—		(118)
Derivatives designated as hedges	—		—		—		—		118

Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table summarizes the amounts of gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss):

	Three Months Ended September 30,				Nine Months Ended September 30,
Derivatives Net Investment Hedging Relationships	2020		2019		2020		2019
Euro-denominated long-term debt	$	(126)	$	131	$	(64)	$	157
Euro-denominated commercial paper	(25)		136		30		163
Cross currency swap	(42)		39		(61)		44
Foreign currency exchange contracts	(28)		23		(46)		28