Annual report pursuant to Section 13 and 15(d)

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Details 2)

v3.19.3.a.u2
HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Jan. 01, 2019
Gains and (losses) related to derivative instruments        
Maximum length of time over which future cash flow exposures are hedged (in years) 4 years      
Derivative, Gain (Loss) on Derivative, Net   $ (79)    
Cash Flow Hedges        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in OCI $ (200) 68 $ (188)  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (162) 90 501  
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 0 (19) 6  
Cash Flow Hedges | Currency Swap [Member]        
Gains and (losses) related to derivative instruments        
Derivative, Notional Amount 3,028 3,028    
Cash Flow Hedges | Interest rate contracts | Interest expense        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in OCI (47) 22 (22)  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (42) (40) (37)  
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 0 (8) 2  
Cash Flow Hedges | Foreign currency contracts        
Gains and (losses) related to derivative instruments        
Derivative, Notional Amount 6,957 3,175    
Cash Flow Hedges | Foreign currency contracts | Net operating revenues        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in OCI (58) 9 (226)  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (3) 136 443  
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 0 1 1  
Cash Flow Hedges | Foreign currency contracts | Interest expense        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in OCI 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 | Foreign currency contracts | Other income (loss) - net        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in OCI (97) 23 92  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (119) (5) 107  
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 0 (4) 3  
Cash Flow Hedges | Foreign currency contracts | Cost of goods sold        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in OCI 1 15 (26)  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) 11 8 (2)  
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 0 (3) 0  
Cash Flow Hedges | Commodity contracts        
Gains and (losses) related to derivative instruments        
Derivative, Notional Amount 2 9    
Cash Flow Hedges | Commodity contracts | Cost of goods sold        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in OCI 1 (1) (6)  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) 0 0 (1)  
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 0 (5) 0  
Cash Flow Hedges | Interest Rate Swap [Member]        
Gains and (losses) related to derivative instruments        
Loss on Discontinuation of Interest Rate Swap Cash Flow Hedge   8    
Fair Value Hedges        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) (1) (4) 1  
Fair Value Hedges | Interest expense        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) (1) (4) (6)  
Fair Value Hedges | Other income (loss) - net        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)   0 7  
Fair Value Hedges | Interest rate contracts | Interest expense        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) 368 34 (69)  
Fair Value Hedges | Foreign currency contracts | Other income (loss) - net        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)   (6) (37)  
Fair Value Hedges | Available-for-Sale Securities | Other income (loss) - net        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)   6 44  
Fair Value Hedges | Fixed Rate Debt | Interest expense        
Gains and (losses) related to derivative instruments        
Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) (369) (38) 63  
Fair Value Hedges | Interest Rate Swap [Member]        
Gains and (losses) related to derivative instruments        
Derivative, Notional Amount 12,523 8,023    
Net Investment Hedges        
Gains and (losses) related to derivative instruments        
Derivative, Notional Amount 12,334 12,494    
Gain (Loss) Recognized in OCI 195 639 (1,512)  
Net Investment Hedges | Foreign currency contracts        
Gains and (losses) related to derivative instruments        
Derivative, Notional Amount 0 0    
Gain (Loss) Recognized in OCI 51 (14) (7)  
Net Investment Hedges | Foreign currency denominated debt [Domain]        
Gains and (losses) related to derivative instruments        
Derivative, Notional Amount 12,334 12,494    
Gain (Loss) Recognized in OCI 144 653 (1,505)  
Derivatives Not Designated as Hedging Instruments        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net 3 (299) 121  
Derivatives Not Designated as Hedging Instruments | Interest rate contracts | Interest expense        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net 0 (1) 0  
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts        
Gains and (losses) related to derivative instruments        
Derivative, Notional Amount 4,291 10,939    
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts | Net operating revenues        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net (4) 22 (30)  
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts | Other income (loss) - net        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net (66) (264) 73  
Derivatives Not Designated as Hedging Instruments | Foreign currency contracts | Cost of goods sold        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net 1 9 (1)  
Derivatives Not Designated as Hedging Instruments | Commodity contracts        
Gains and (losses) related to derivative instruments        
Derivative, Notional Amount 425 373    
Derivatives Not Designated as Hedging Instruments | Commodity contracts | Net operating revenues        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net 0 0 16  
Derivatives Not Designated as Hedging Instruments | Commodity contracts | Cost of goods sold        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net (23) (25) 15  
Derivatives Not Designated as Hedging Instruments | Commodity contracts | Selling, general and administrative expenses        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net 0 0 1  
Derivatives Not Designated as Hedging Instruments | Other Derivative Instruments | Other income (loss) - net        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net 48 (22) 1  
Derivatives Not Designated as Hedging Instruments | Other Derivative Instruments | Selling, general and administrative expenses        
Gains and (losses) related to derivative instruments        
Derivative, Gain (Loss) on Derivative, Net $ 47 $ (18) $ 46  
Accounting Standards Update 2017-12 [Member]        
Gains and (losses) related to derivative instruments        
Cumulative Effect of New Accounting Principle in Period of Adoption       $ (12)
REINVESTED EARNINGS | Accounting Standards Update 2017-12 [Member]        
Gains and (losses) related to derivative instruments        
Cumulative Effect of New Accounting Principle in Period of Adoption       6
REINVESTED EARNINGS | Accounting Standards Update 2017-12 [Member] | Fair Value Hedges        
Gains and (losses) related to derivative instruments        
Cumulative Effect of New Accounting Principle in Period of Adoption       (18)
Long-term Debt [Member] | Accounting Standards Update 2017-12 [Member] | Fair Value Hedges        
Gains and (losses) related to derivative instruments        
Cumulative Effect of New Accounting Principle in Period of Adoption       $ 24