DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2022

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Summary of the Company's outstanding derivative contracts and their effects on the Consolidated Statements of Financial Position

	December 31, 2022
	Notional
	Amounts		Assets		Liabilities
Derivatives designated as hedging instruments:
Foreign currency derivatives	$	7,264	$	—	$	(282)
Commodity derivatives		189		10		—
Total derivatives			$	10	$	(282)

	December 31, 2021
	Notional
	Amounts		Assets		Liabilities
Derivatives designated as hedging instruments:
Foreign currency derivatives	$	6,729	$	426	$	—
Commodity derivatives		6,012		231		(107)
Total derivatives			$	657	$	(107)

Effects of derivative instruments on the Consolidated Statement of Earnings and Retained Earnings, and the Condensed Consolidated Statement of Comprehensive Earnings

	For Year Ended December 31, 2022
					Gain (Loss)
			Gain (Loss)		on Amount Excluded
	Gain (Loss)		Reclassified from		from Effectiveness
	Recognized		Accumulated OCI		Testing Recognized
	in OCI		into Earnings		in Earnings
Foreign currency derivatives	$	(484)	$	223	$	—
Commodity derivatives		233		347		—
Total	$	(251)	$	570	$	—

	For Year Ended December 31, 2021
					Gain (Loss)
			Gain (Loss)		on Amount Excluded
	Gain (Loss)		Reclassified from		from Effectiveness
	Recognized		Accumulated OCI		Testing Recognized
	in OCI		into Earnings		in Earnings
Foreign currency derivatives	$	93	$	445	$	—
Commodity derivatives		1,330		2,148		—
Total	$	1,423	$	2,593	$	—