Quarterly report pursuant to Section 13 or 15(d)

Hedging Transactions and Derivative Financial Instruments (Details)

v3.20.2
Hedging Transactions and Derivative Financial Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 26, 2020
Jun. 28, 2019
Jun. 26, 2020
Jun. 28, 2019
Dec. 31, 2019
Fair Value, Derivatives Designated and Not Designated as Hedges          
Maximum Length of Time Hedged in Cash Flow Hedge     4 years    
Net Investment Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount $ 12,878   $ 12,878   $ 12,334
Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (49) $ (51) (50) $ (103)  
Fair Value Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Gain (Loss) on Derivative, Net (3) 2 6 4  
Long-term Debt, Current Maturities [Domain] | Fair Value Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Amount of Hedged Item 1,004   1,004   1,004
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) 5   5   5
Long-term Debt [Member] | Fair Value Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Amount of Hedged Item 12,286   12,286   12,087
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) 619   619   448
Foreign currency denominated debt | Net Investment Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount 12,341   12,341   12,334
Foreign currency contracts | Net Investment Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount 537   537   0
Foreign currency contracts | Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount 9,044   9,044   6,957
Commodity contracts | Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount 3   3   2
Cross Currency Swap | Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount 2,700   2,700   3,028
Interest Rate Swap [Member] | Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount 550   550    
Interest Rate Swap [Member] | Fair Value Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount 12,420   12,420   12,523
Designated as Hedging Instrument [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative instruments, assets, fair value 802   802   552
Derivative instruments, liabilities, fair value 225   225   109
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 66   66   24
Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Assets          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative instruments, assets, fair value 130   130   91
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 50   50   40
Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Liabilities          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative instruments, liabilities, fair value 158   158   48
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 596   596   427
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 17   17   21
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 10   10   10
Not Designated as Hedging Instrument [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Gain (Loss) on Derivative, Net 100 (51) (151) 28  
Derivative instruments, assets, fair value 57   57   36
Derivative instruments, liabilities, fair value 160   160   53
Not Designated as Hedging Instrument [Member] | Foreign currency contracts          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount 4,693   4,693   4,291
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 44   44   13
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 4   4   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 72   72   39
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 2   2   0
Not Designated as Hedging Instrument [Member] | Commodity contracts          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Notional Amount 441   441   425
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 4   4   8
Not Designated as Hedging Instrument [Member] | Commodity contracts | Other Assets          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative instruments, assets, fair value 2   2   2
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 57   57   13
Not Designated as Hedging Instrument [Member] | Commodity contracts | Other Liabilities          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative instruments, liabilities, fair value 18   18   1
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   0   12
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 3   3   1
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 11   11   $ 0
Net operating revenues | Foreign currency contracts | Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) 3 1 (1) 7  
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 38 (2) 62 (13)  
Other Income (loss) - net | Foreign currency contracts | Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (44) (43) (29) (93)  
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 5 (46) (86) (25)  
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 2 0 (55) 34  
Cost of goods sold | Foreign currency contracts | Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) 4 3 5 7  
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 13 4 27 2  
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 18 (18) (67) 2  
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 24 11 (32) 28  
Interest Expense [Member] | Fair Value Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Derivative, Gain (Loss) on Derivative, Net (3) 2 6 4  
Interest Expense [Member] | Foreign currency contracts | Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (2) (2) (4) (4)  
Interest Expense [Member] | Interest Rate Contract [Member] | Cash Flow Hedging [Member]          
Fair Value, Derivatives Designated and Not Designated as Hedges          
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (10) (10) (21) (20)  
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 78 229 190 441  
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 $ (81) $ (227) $ (184) $ (437)