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Financial Instruments - Derivative Financial Instruments and Hedging Activities (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Amount of Gains/(Losses) Recognized in OID [1] $ (31) $ 55
Derivative, Amount of Gains/(Losses), Cash Flow Hedge, Recognized in OCI (123) 217
Amount of Gains/(Losses) Recognized in OCI [1] (517) 490
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [2] 313 12
Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1] 354 49
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] (31) 18
Non-Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[3] 0 0
Derivative Financial Instruments Not Designated as Hedges [Member] | Foreign exchange contracts [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Amount of Gains/(Losses) Recognized in OID [1] (31) 55
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), Cash Flow Hedge, Recognized in OCI [1] 0 0
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1] 2 0
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign exchange contracts [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Amount of Gains/(Losses), Cash Flow Hedge, Recognized in OCI [1],[4] (138) 210
Derivative, Amount of Gains/(Losses) Recognized in OCI, excluded from effectiveness testing and amortized into earnings [1],[5] 15 7
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[4] 295 4
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS, excluded from effectiveness testing [1],[5] 16 7
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), Fair Value Hedge, Recognized in OID [1] 142 (188)
Derivative, Amount of Gains/(Losses), Hedged Item, Recognized in OID [1] (142) 188
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign exchange contracts [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] 75 21
Derivative, Amount of Gains/(Losses), Net Investment Hedge, Recognized in OCI [1] (437) 235
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS, excluded from effectiveness testing [1],[5] 41 37
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 condensed consolidated statements of operations. COS = Cost of Sales, included in Cost of sales in the condensed consolidated statements of operations. OCI = Other comprehensive income/(loss), included in the condensed consolidated statements of comprehensive income/(loss).
[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 in net investment hedges; the related carrying values as of March 30, 2025 and December 31, 2024 were $808 million and $777 million, respectively.
[4] The amounts reclassified from OCI into COS were a net gain of $62 million in the first quarter of 2025 and a net gain of $31 million in the first quarter of 2024. The remaining amounts were reclassified from OCI into OID. Based on quarter-end foreign exchange rates that are subject to change, we expect to reclassify a pre-tax gain of $94 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 18 years and relates to foreign currency debt.
[5] The amounts reclassified from OCI were reclassified into OID.