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)

v3.23.3
HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS - Cash Flow Hedges Included in OCI, AOCI and Earnings (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Sep. 29, 2023
Sep. 30, 2022
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period $ 49 $ 150 $ (58) $ 330
Reclassification adjustments recognized in net income 36 (26) 39 13
Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period 81 153 38 334
Reclassification adjustments recognized in net income (36) 26 (39) (13)
Net operating revenues        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Reclassification adjustments recognized in net income 2   8  
Net operating revenues | Foreign currency contracts | Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period 90 197 32 475
Reclassification adjustments recognized in net income (2) 88 (8) 148
Cost of goods sold        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Reclassification adjustments recognized in net income 4   2  
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 8 12 25 34
Reclassification adjustments recognized in net income 0 10 8 13
Cost of goods sold | Commodity Contract | Cash Flow Hedging        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Gains (Losses) arising during the period (5)   (16)  
Reclassification adjustments recognized in net income (4)   (10)  
Interest expense        
Fair Value, Derivatives Designated and Not Designated as Hedges        
Reclassification adjustments recognized in net income 1   3  
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
Reclassification adjustments recognized in net income (1) (1) (3) (3)
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 (12) (56) (3) (175)
Reclassification adjustments recognized in net income $ (29) $ (71) $ (26) $ (171)