Quarterly report pursuant to Section 13 or 15(d)

Hedging Transactions and Derivative Financial Instruments (Details)

v3.21.1
Hedging Transactions and Derivative Financial Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 02, 2021
Mar. 27, 2020
Dec. 31, 2020
Fair Value, Derivatives Designated and Not Designated as Hedges      
Maximum Length of Time Hedged in Cash Flow Hedge 4 years    
Anticipated gains (losses) cash flows hedges, estimated reclassification to earnings during next twelve months $ (60)    
Net Investment Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 14,049   $ 13,787
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 475 $ 76  
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 180 32  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) 36 (1)  
Fair Value Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Gain (Loss) on Derivative, Net 1 9  
Long-term Debt, Current Maturities [Domain] | Fair Value Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Amount of Hedged Item 1,245   0
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) 6   0
Long-term Debt [Member] | Fair Value Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Amount of Hedged Item 16,638   11,129
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) 462   646
Foreign currency denominated debt | Net Investment Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 13,000   13,336
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 483 79  
Foreign currency contracts | Net Investment Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 1,049   451
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (8) (3)  
Foreign currency contracts | Cash Flow Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 9,327   7,785
Cross Currency Swap | Cash Flow Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 2,700   2,700
Interest Rate Swap [Member] | Cash Flow Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount     1,233
Interest Rate Swap [Member] | Fair Value Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 17,677   10,215
Commodity Contract [Member] | Cash Flow Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 18   11
Designated as Hedging Instrument [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, assets, fair value 689   761
Derivative instruments, liabilities, fair value 279   34
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 47   26
Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, assets, fair value 116   74
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 31   29
Designated as Hedging Instrument [Member] | Foreign currency contracts | Other Liabilities      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, liabilities, fair value 1   0
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 520   659
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Accounts payable and accrued expenses      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, liabilities, fair value 0   5
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 247   0
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 6   0
Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Prepaid expenses and other assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, assets, fair value 0   2
Not Designated as Hedging Instrument [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, assets, fair value 200   137
Derivative instruments, liabilities, fair value 46   57
Derivative, Gain (Loss) on Derivative, Net (137) (251)  
Not Designated as Hedging Instrument [Member] | Foreign currency contracts      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 6,370   5,727
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 26   28
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 3   1
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 40   41
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 200   200
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 18   20
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 0   3
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Notional Amount 1,057   715
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Prepaid expenses and other assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, assets, fair value 140   76
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Other Assets      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, assets, fair value 13   9
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Accounts payable and accrued expenses      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, liabilities, fair value 4   15
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Other Liabilities      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative instruments, liabilities, fair value 2   $ 1
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 (23) 103  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (23) (4)  
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 (1) 24  
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 (5) 11  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (1) 1  
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 (8) 14  
Cost of goods sold | Not Designated as Hedging Instrument [Member] | Commodity Contract [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Gain (Loss) on Derivative, Net 82 (85)  
Interest Expense [Member] | Fair Value Hedging [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Gain (Loss) on Derivative, Net 1 9  
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) (1) (2)  
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 121 8  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) (5) (11)  
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 (395) 112  
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 396 (103)  
Interest Expense [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]      
Fair Value, Derivatives Designated and Not Designated as Hedges      
Derivative, Gain (Loss) on Derivative, Net (187) 0  
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 87 (90)  
Gain (Loss) Reclassified from AOCI into Income (Effective Portion) 66 15  
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 (28) (91)  
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 (3) (57)  
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 $ 8 $ (56)