Quarterly report pursuant to Section 13 or 15(d)

Hedging Transactions and Derivative Financial Instruments (Details 2)

v3.20.1
Hedging Transactions and Derivative Financial Instruments (Details 2) - USD ($)
 3 Months Ended
Mar. 27, 2020
Mar. 29, 2019
Dec. 31, 2019
Gains and (losses) related to derivative instruments      
Anticipated gains (losses) cash flows hedges, estimated reclassification to earnings during next twelve months $ 6,000,000    
Derivative, Gain (Loss) on Derivative, Net   $ 34,000,000  
Cash Flow Hedging [Member]      
Gains and (losses) related to derivative instruments      
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)  
Cash Flow Hedging [Member] | Interest Rate Swap [Member]      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 550,000,000    
Cash Flow Hedging [Member] | Foreign currency contracts      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 9,849,000,000   $ 6,957,000,000
Cash Flow Hedging [Member] | Foreign currency contracts | Net operating revenues      
Gains and (losses) related to derivative instruments      
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  
Cash Flow Hedging [Member] | Foreign currency contracts | Cost of goods sold      
Gains and (losses) related to derivative instruments      
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  
Cash Flow Hedging [Member] | Foreign currency contracts | Interest Expense [Member]      
Gains and (losses) related to derivative instruments      
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)  
Cash Flow Hedging [Member] | Foreign currency contracts | Other Income (loss) - net      
Gains and (losses) related to derivative instruments      
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)  
Cash Flow Hedging [Member] | Currency Swap [Member]      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 3,028,000,000   3,028,000,000
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Interest Expense [Member]      
Gains and (losses) related to derivative instruments      
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)  
Cash Flow Hedging [Member] | Commodity contracts      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 2,000,000    
Fair Value Hedges      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net 9,000,000 2,000,000  
Fair Value Hedges | Interest Expense [Member]      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net 9,000,000 2,000,000  
Fair Value Hedges | Fixed-rate debt | Interest Expense [Member]      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net (103,000,000) (210,000,000)  
Fair Value Hedges | Interest Rate Swap [Member]      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 12,360,000,000   12,523,000,000
Fair Value Hedges | Interest Rate Contract [Member] | Interest Expense [Member]      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net 112,000,000 212,000,000  
Net Investment Hedging [Member]      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 12,746,000,000   12,334,000,000
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 76,000,000 153,000,000  
Net Investment Hedging [Member] | Foreign currency contracts      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 491,000,000   0
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (3,000,000) 22,000,000  
Net Investment Hedging [Member] | Foreign currency denominated debt      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 12,255,000,000   12,334,000,000
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 79,000,000 131,000,000  
Not Designated as Hedging Instrument [Member]      
Gains and (losses) related to derivative instruments      
Derivative Liability, Fair Value, Gross Liability 276,000,000   53,000,000
Derivative, Gain (Loss) on Derivative, Net (251,000,000) 80,000,000  
Not Designated as Hedging Instrument [Member] | Foreign currency contracts      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 4,725,000,000   4,291,000,000
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Net operating revenues      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net 24,000,000 (11,000,000)  
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Cost of goods sold      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net 14,000,000 (1,000,000)  
Not Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Income (loss) - net      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net (91,000,000) 21,000,000  
Not Designated as Hedging Instrument [Member] | Commodity contracts      
Gains and (losses) related to derivative instruments      
Derivative, Notional Amount 405,000,000   425,000,000
Not Designated as Hedging Instrument [Member] | Commodity contracts | Cost of goods sold      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net (85,000,000) 20,000,000  
Not Designated as Hedging Instrument [Member] | Other derivative instruments | Other Income (loss) - net      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net (57,000,000) 34,000,000  
Not Designated as Hedging Instrument [Member] | Other derivative instruments | Selling, general and administrative expenses      
Gains and (losses) related to derivative instruments      
Derivative, Gain (Loss) on Derivative, Net (56,000,000) $ 17,000,000  
Long-term Debt, Current Maturities [Domain] | Fair Value Hedges      
Gains and (losses) related to derivative instruments      
Derivative, Amount of Hedged Item 1,007   1,004
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) $ 8   $ 5