Current report filing

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Details)

v3.19.2
HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Fair Value, Derivatives Designated and Not Designated as Hedges      
Maximum length of time over which future cash flow exposures are hedged (in years) 3 years    
Derivatives Designated as Hedging Instruments, Assets, at Fair Value $ 245 $ 176  
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value 70 81  
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value 75 159  
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value 160 106  
Anticipated gains (losses) cash flows hedges, estimated reclassification to earnings 29    
Foreign currency contracts | Prepaid Expenses and Other Current Assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivatives Designated as Hedging Instruments, Assets, at Fair Value 43 45  
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value 61 20  
Foreign currency contracts | Other assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivatives Designated as Hedging Instruments, Assets, at Fair Value 114 79  
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value 0 27  
Foreign currency contracts | Accounts payable and accrued expenses      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value 19 77  
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value 101 69  
Foreign currency contracts | Other liabilities      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value 15 9  
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value 0 28  
Commodity contracts | Prepaid Expenses and Other Current Assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value 2 25  
Commodity contracts | Other assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value 0 1  
Commodity contracts | Accounts payable and accrued expenses      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value 1 4  
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value 38 7  
Commodity contracts | Other liabilities      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value 8 0  
Interest rate contracts | Other assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivatives Designated as Hedging Instruments, Assets, at Fair Value 88 52  
Interest rate contracts | Accounts payable and accrued expenses      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value 0 30  
Interest rate contracts | Other liabilities      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivatives Designated as Hedging Instruments, Liabilities, at Fair Value 40 39  
Other Derivative Instruments | Prepaid Expenses and Other Current Assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value 7 8  
Other Derivative Instruments | Accounts payable and accrued expenses      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value 13 1  
Other Derivative Instruments | Other liabilities      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value 0 1  
Fixed Rate Debt      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Increase (Decrease) in the carrying value of long-term debt, in relation to interest rate fair value hedge adjustment 42    
Cash Flow Hedges      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 68 (188) $ (37)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) 90 501 572
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) (19) 6 (9)
Cash Flow Hedges | Foreign currency contracts      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 3,175 4,068  
Cash Flow Hedges | Currency Swap [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 3,028 1,851  
Cash Flow Hedges | Commodity contracts      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 9 35  
Cash Flow Hedges | Interest Rate Swap [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount   500  
Loss on Discontinuation of Interest Rate Swap Cash Flow Hedge 8    
Cash Flow Hedges | Interest expense | Foreign currency contracts      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 0 0 0
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (9) (9) (9)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 0 0 0
Cash Flow Hedges | Interest expense | Interest rate contracts      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 22 (22) (126)
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (40) (37) (17)
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) (8) 2 (2)
Fair Value Hedges      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) (4) 1 14
Fair Value Hedges | Available-for-Sale Securities      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount   311  
Fair Value Hedges | Interest Rate Swap [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 8,023 8,121  
Fair Value Hedges | Interest expense      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) (4) (6) 18
Fair Value Hedges | Interest expense | Interest rate contracts      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 34 (69) 170
Fair Value Hedges | Interest expense | Fixed Rate Debt      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) (38) 63 (152)
Net Investment Hedges      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 12,494 13,147  
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 639 (1,512) 67
Net Investment Hedges | Foreign currency contracts      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 0 0  
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (14) (7) $ (237)
CCEAG [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Gain (Loss) on Derivative Used in Net Investment Hedge, after Tax 77    
Not Designated as Hedging Instrument [Member] | Foreign currency contracts      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 10,939 6,827  
Not Designated as Hedging Instrument [Member] | Commodity contracts      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount $ 373 $ 357