The following table sets forth the fair value of derivatives not designated as hedging instruments as of March 31, 2026 and December 31, 2025 (in millions).


	March 31, 2026				December 31, 2025
	Assets		Liabilities		Assets		Liabilities


Foreign Currency Contracts	$	265	$	137	$	108	$	54

Commodity Contracts	873		1,202		822		613

Total	$	1,138	$	1,339	$	930	$	667

The following table sets forth the pre-tax gains (losses) on derivatives not designated as hedging instruments that have been included in the Consolidated Statements of Earnings for the three months ended March 31, 2026 and 2025 (in millions).


			Cost of		Other
			products		(income) -
	Revenues		sold		net		Total
Three Months Ended March 31, 2026


Pre-tax gains (losses) on:





Foreign Currency Contracts	$	(24)	$	164	$	18
Commodity Contracts	—		(874)		—

Total gains (loss) recognized in earnings	$	(24)	$	(710)	$	18	$	(716)

Three Months Ended March 31, 2025


Pre-tax gains (losses) on:
Foreign Currency Contracts	$	(25)	$	150	$	(68)
Commodity Contracts	—		112		—

Total gains (loss) recognized in earnings	$	(25)	$	262	$	(68)	$	169

The following table sets forth the fair value of derivatives designated as hedging instruments as of March 31, 2026 and December 31, 2025 (in millions).


	March 31, 2026				December 31, 2025
	Assets		Liabilities		Assets		Liabilities

Foreign Currency Contracts	$	49	$	29	$	—	$	90
Interest Rate Contracts	13		—		17		—
Total	$	62	$	29	$	17	$	90

The following table sets forth the pre-tax losses on derivatives designated as hedging instruments that have been recognized in Cost of products sold in the Consolidated Statements of Earnings for the three months ended March 31, 2026 and 2025 (in millions).