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Financial Instruments - Derivative Financial Instruments and Hedging Activities (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Amount of Gains/(Losses) Recognized in OID [1] $ 164 $ (1,153)  
Derivative, Amount of Gains/(Losses) Recognized in OCI 626 1,444 $ 526
Amount of Gains/(Losses) Recognized in OCI [1] 341 2,409  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [2] 413 2,062 $ (134)
Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1] $ 549 $ 2,190  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income/(deductions)—net Other income/(deductions)—net  
Designated as Hedging Instrument [Member] | Foreign Currency Short-Term Borrowings [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Non-Derivative, Amount of Gains/(Losses) Recognized in OCI [1],[3] $ 0 $ 26  
Non-Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[3] 0 0  
Designated as Hedging Instrument [Member] | Foreign Currency Long-Term Debt [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Non-Derivative, Amount of Gains/(Losses) Recognized in OCI [1],[3] (29) 51  
Non-Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[3] 0 0  
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OID [1] 164 (1,153)  
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest rate contracts [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OCI 68 0  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS 1 0  
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OCI [1],[4] 380 1,296  
Derivative, Amount of Gains/(Losses) Recognized in OCI, excluded from effectiveness testing and amortized into earnings [1],[5] 178 148  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[4] 236 1,916  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS, excluded from effectiveness testing [1],[5] 177 145  
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest rate contracts [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) on interest rate contract Recognized in OID [1] 196 (337)  
Derivative, Amount of Gains/(Losses) on hedged item Recognized in OID [1] (196) 337  
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OCI, excluded from effectiveness testing and amortized into earnings [1],[5] 137 73  
Derivative, Amount of Gains/(Losses) Recognized in OCI [1] (393) 816  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS, excluded from effectiveness testing [1],[5] 136 129  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1] $ 0 $ 0  
[1] OID = Other (income)/deductions—net, included in Other (income)/deductions—net in the consolidated statements of income. COS = Cost of Sales, included in Cost of sales in the consolidated statements of income. OCI = Other comprehensive income/(loss), included in the consolidated statements of comprehensive income.
[2] Reclassified into Other (income)/deductions—net and Cost of sales. See Note 7E.
[3] Long-term debt includes foreign currency borrowings which are used as net investment hedges; the related carrying values as of December 31, 2023 and December 31, 2022 were $824 million and $795 million, respectively.
[4] The amounts reclassified from OCI into COS were a net gain of $253 million in 2023 and a net gain of $375 million in 2022. The remaining amounts were reclassified from OCI into OID. Based on year-end foreign exchange rates that are subject to change, we expect to reclassify a pre-tax gain of $11 million within the next 12 months into income. The maximum length of time over which we are hedging our exposure to the variability in future foreign exchange cash flows is approximately 19 years and relates to foreign currency debt.
[5] The amounts reclassified from OCI were reclassified into OID.