Hedging Transactions and Derivative Financial Instruments (Details) - USD ($)
|
3 Months Ended |
|
Mar. 27, 2020 |
Mar. 29, 2019 |
Dec. 31, 2019 |
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Maximum Length of Time Hedged in Cash Flow Hedge |
4 years
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
|
$ 34,000,000
|
|
| Net Investment Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax |
$ 76,000,000
|
153,000,000
|
|
| Derivative, Notional Amount |
12,746,000,000
|
|
$ 12,334,000,000
|
| Cash Flow Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax |
32,000,000
|
(23,000,000)
|
|
| Gain (Loss) Reclassified from AOCI into Income (Effective Portion) |
(1,000,000)
|
(52,000,000)
|
|
| Fair Value Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
9,000,000
|
2,000,000
|
|
| Long-term Debt, Current Maturities [Domain] | Fair Value Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Amount of Hedged Item |
1,007
|
|
1,004
|
| Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) |
8
|
|
5
|
| Long-term Debt [Member] | Fair Value Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Amount of Hedged Item |
12,123
|
|
12,087
|
| Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) |
539
|
|
448
|
| Foreign currency denominated debt | Net Investment Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax |
79,000,000
|
131,000,000
|
|
| Derivative, Notional Amount |
12,255,000,000
|
|
12,334,000,000
|
| Foreign currency contracts | Net Investment Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax |
(3,000,000)
|
22,000,000
|
|
| Derivative, Notional Amount |
491,000,000
|
|
0
|
| Foreign currency contracts | Cash Flow Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Notional Amount |
9,849,000,000
|
|
6,957,000,000
|
| Commodity contracts | Cash Flow Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Notional Amount |
2,000,000
|
|
|
| Cross Currency Swap | Cash Flow Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Notional Amount |
3,028,000,000
|
|
3,028,000,000
|
| Interest Rate Swap [Member] | Cash Flow Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Notional Amount |
550,000,000
|
|
|
| Interest Rate Swap [Member] | Fair Value Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Notional Amount |
12,360,000,000
|
|
12,523,000,000
|
| Designated as Hedging Instrument [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
897,000,000
|
|
552,000,000
|
| Derivative instruments, liabilities, fair value |
338,000,000
|
|
109,000,000
|
| Designated as Hedging Instrument [Member] | Foreign currency contracts | Prepaid expenses and other assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
140,000,000
|
|
24,000,000
|
| Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
228,000,000
|
|
91,000,000
|
| Designated as Hedging Instrument [Member] | Foreign currency contracts | Accounts payable and accrued expenses |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, liabilities, fair value |
84,000,000
|
|
40,000,000
|
| Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Liabilities |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, liabilities, fair value |
231,000,000
|
|
48,000,000
|
| Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Other Assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
517,000,000
|
|
427,000,000
|
| Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Other Liabilities |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, liabilities, fair value |
23,000,000
|
|
21,000,000
|
| Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Prepaid expenses and other assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
12,000,000
|
|
10,000,000
|
| Not Designated as Hedging Instrument [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
(251,000,000)
|
80,000,000
|
|
| Derivative instruments, assets, fair value |
92,000,000
|
|
36,000,000
|
| Derivative instruments, liabilities, fair value |
276,000,000
|
|
53,000,000
|
| Not Designated as Hedging Instrument [Member] | Foreign currency contracts |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Notional Amount |
4,725,000,000
|
|
4,291,000,000
|
| Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Prepaid expenses and other assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
88,000,000
|
|
13,000,000
|
| Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
2,000,000
|
|
0
|
| Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Accounts payable and accrued expenses |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, liabilities, fair value |
130,000,000
|
|
39,000,000
|
| Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Liabilities |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, liabilities, fair value |
4,000,000
|
|
0
|
| Not Designated as Hedging Instrument [Member] | Commodity contracts |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Notional Amount |
405,000,000
|
|
425,000,000
|
| Not Designated as Hedging Instrument [Member] | Commodity contracts | Prepaid expenses and other assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
1,000,000
|
|
8,000,000
|
| Not Designated as Hedging Instrument [Member] | Commodity contracts | Other Assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
0
|
|
2,000,000
|
| Not Designated as Hedging Instrument [Member] | Commodity contracts | Accounts payable and accrued expenses |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, liabilities, fair value |
70,000,000
|
|
13,000,000
|
| Not Designated as Hedging Instrument [Member] | Commodity contracts | Other Liabilities |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, liabilities, fair value |
28,000,000
|
|
1,000,000
|
| Not Designated as Hedging Instrument [Member] | Other derivative instruments | Prepaid expenses and other assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
0
|
|
12,000,000
|
| Not Designated as Hedging Instrument [Member] | Other derivative instruments | Other Assets |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, assets, fair value |
1,000,000
|
|
1,000,000
|
| Not Designated as Hedging Instrument [Member] | Other derivative instruments | Accounts payable and accrued expenses |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative instruments, liabilities, fair value |
44,000,000
|
|
$ 0
|
| Net operating revenues | Foreign currency contracts | Cash Flow Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax |
103,000,000
|
(2,000,000)
|
|
| Gain (Loss) Reclassified from AOCI into Income (Effective Portion) |
(4,000,000)
|
6,000,000
|
|
| Net operating revenues | Not Designated as Hedging Instrument [Member] | Foreign currency contracts |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
24,000,000
|
(11,000,000)
|
|
| Other Income (loss) - net | Foreign currency contracts | Cash Flow Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax |
(90,000,000)
|
(22,000,000)
|
|
| Gain (Loss) Reclassified from AOCI into Income (Effective Portion) |
15,000,000
|
(50,000,000)
|
|
| Other Income (loss) - net | Not Designated as Hedging Instrument [Member] | Foreign currency contracts |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
(91,000,000)
|
21,000,000
|
|
| Other Income (loss) - net | Not Designated as Hedging Instrument [Member] | Other derivative instruments |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
(57,000,000)
|
34,000,000
|
|
| Cost of goods sold | Foreign currency contracts | Cash Flow Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax |
11,000,000
|
1,000,000
|
|
| Gain (Loss) Reclassified from AOCI into Income (Effective Portion) |
1,000,000
|
4,000,000
|
|
| Cost of goods sold | Not Designated as Hedging Instrument [Member] | Foreign currency contracts |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
14,000,000
|
(1,000,000)
|
|
| Cost of goods sold | Not Designated as Hedging Instrument [Member] | Commodity contracts |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
(85,000,000)
|
20,000,000
|
|
| Selling, general and administrative expenses | Not Designated as Hedging Instrument [Member] | Other derivative instruments |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
(56,000,000)
|
17,000,000
|
|
| Interest Expense [Member] | Fair Value Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
9,000,000
|
2,000,000
|
|
| Interest Expense [Member] | Foreign currency contracts | Cash Flow Hedging [Member] |
|
|
|
| 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
|
|
| Gain (Loss) Reclassified from AOCI into Income (Effective Portion) |
(2,000,000)
|
(2,000,000)
|
|
| Interest Expense [Member] | Interest Rate Contract [Member] | Cash Flow Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax |
8,000,000
|
0
|
|
| Gain (Loss) Reclassified from AOCI into Income (Effective Portion) |
(11,000,000)
|
(10,000,000)
|
|
| Interest Expense [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
112,000,000
|
212,000,000
|
|
| Interest Expense [Member] | Fixed-rate debt | Fair Value Hedging [Member] |
|
|
|
| Fair Value, Derivatives Designated and Not Designated as Hedges |
|
|
|
| Derivative, Gain (Loss) on Derivative, Net |
$ (103,000,000)
|
$ (210,000,000)
|
|