v3.25.2
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Gain/(Loss) on Hedging Activity (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Foreign currency exchange contracts        
Foreign exchange contracts gain/(loss):        
Recognized in Other comprehensive income/(loss) $ (299) $ 102 $ (515) $ 241
Derivatives designated as net investment hedges        
Recognized in Other comprehensive income/(loss) (15) 18 (78) 41
Foreign currency exchange contracts | Cost of products sold        
Foreign exchange contracts gain/(loss):        
Reclassified to net earnings, pretax 13 (29) (13) (74)
Cross-currency swap contracts        
Foreign exchange contracts gain/(loss):        
Recognized in Other comprehensive income/(loss) 70 (18) 94 (34)
Derivatives designated as net investment hedges        
Recognized in Other comprehensive income/(loss) (45) 23 (63) 50
Cross-currency swap contracts | Other (income)/expense, net        
Foreign exchange contracts gain/(loss):        
Reclassified to net earnings, pretax (73) 10 (121) 41
Interest rate swap contracts        
Foreign exchange contracts gain/(loss):        
Recognized in Other comprehensive income/(loss) 0 0 0 131
Interest rate swap contracts | Other (income)/expense, net        
Foreign exchange contracts gain/(loss):        
Reclassified to net earnings, pretax $ (2) $ (1) $ (3) $ (2)