Quarterly report pursuant to Section 13 or 15(d)

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS - Cash Flow Hedges Included in OCI, AOCI and Earnings (Details)

v3.24.2
HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS - Cash Flow Hedges Included in OCI, AOCI and Earnings (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period $ 156 $ (31) $ 183 $ (107)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 4 (4) (40) (3)
Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period 158 4 204 (43)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 4 (4) (40) (3)
Net operating revenues        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax (1)   (18)  
Net operating revenues | Foreign currency contracts | Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period 160 (22) 208 (58)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax (1) (7) (18) (6)
Cost of goods sold        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 4   6  
Cost of goods sold | Foreign currency contracts | Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period 9 13 20 17
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 6 4 9 8
Cost of goods sold | Commodity Contract | Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period (3) (9) (2) (11)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax (2) (3) (3) (6)
Interest expense        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax (1)   (2)  
Interest expense | Foreign currency contracts | Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period 0 0 0 0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax (1) (1) (2) (2)
Interest expense | Interest Rate Contract | Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period 1   2  
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 0   0  
Other Income (loss) - net | Foreign currency contracts | Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period (9) 22 (24) 9
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax $ 2 $ 3 $ (26) $ 3