Quarterly report pursuant to Section 13 or 15(d)

Hedging Transactions and Derivative Financial Instruments (Details)

v3.20.1
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)