XML 86 R73.htm IDEA: XBRL DOCUMENT v3.21.2
Financial Instruments and Risk Management - Impact on Earnings (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) $ 52 $ (63) $ 72 $ (58)
Gain (Loss) on Derivatives not Designated as Hedge Instruments 38 (21) 30 39
Amounts reclassified into earnings:        
Commodity contracts (25) 31 (6) 29
Interest rate contracts   2   5
Cross currency swap contracts       1
Currency exchange contracts (27) 30 (66) 23
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net 52 (63) 72 (58)
Changes in accumulated other comprehensive earnings (loss) for effective derivatives 16 36 98 51
Commodity contracts        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) 44 21 137 (8)
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net 44 21 137 (8)
Commodity contracts | Net sales        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) (28) (4) (89) 33
Gain (Loss) on Derivatives not Designated as Hedge Instruments       1
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net (28) (4) (89) 33
Commodity contracts | Cost of sales        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) 53 (27) 95 (62)
Gain (Loss) on Derivatives not Designated as Hedge Instruments 3 (7) 9 2
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net 53 (27) 95 (62)
Interest rate contracts        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) (1) 1 (1) (3)
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net (1) 1 (1) (3)
Interest rate contracts | Interest expense.        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)   (2)   (5)
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net   (2)   (5)
Currency contracts | Selling, general and administrative        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) 27 (30) 66 (23)
Gain (Loss) on Derivatives not Designated as Hedge Instruments 12 (51) 32 (11)
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net 27 (30) 66 (23)
Cross-currency swap        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)   (1)    
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net   (1)    
Cross-currency swap | Selling, general and administrative        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss)       (1)
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net       (1)
Equity contracts | Selling, general and administrative        
Impact on Earnings from Derivative Instruments        
Gain (Loss) on Derivatives not Designated as Hedge Instruments 23 37 (11) 47
Currency exchange contracts        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) 26 (39) 58 16
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net 26 (39) 58 16
Foreign currency and tax impacts        
Impact on Earnings from Derivative Instruments        
Cash Flow Hedge - Reclassified Amount from Accumulated Other Comprehensive Earnings (Loss) (1) (9) (24) (12)
Change in fair value of cash flow hedges:        
Derivative, Gain (Loss) on Derivative, Net $ (1) $ (9) $ (24) $ (12)