v3.25.4
Financial Instruments - Derivative Financial Instruments and Hedging Activities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Amount of Gains/(Losses) Recognized in OID [1] $ 98 $ 50  
Derivative, Amount of Gains/(Losses) Recognized in OCI (212) 499 $ 626
Amount of Gains/(Losses) Recognized in OCI [1] (1,353) 1,166  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [2] 269 159 $ 413
Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1] $ 476 $ 313  
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)  
Designated as Hedging Instrument [Member] | Foreign Currency Long-Term Debt [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Non-Derivative, Amount of Gains/(Losses) Recognized in OCI [1],[3] $ (101) $ 49  
Non-Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[3] 0 0  
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OID [1] 98 50  
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest rate contracts [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OCI [1] 0 0  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1] 0 0  
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OCI [1],[4] (270) 466  
Derivative, Amount of Gains/(Losses) Recognized in OCI, excluded from effectiveness testing and amortized into earnings [1],[5] 58 34  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1],[4] 211 124  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS, excluded from effectiveness testing [1],[5] 57 34  
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest rate contracts [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) on interest rate contract Recognized in OID [1] 221 (253)  
Derivative, Amount of Gains/(Losses) on hedged item Recognized in OID [1] (221) 253  
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Derivative, Amount of Gains/(Losses) Recognized in OCI, excluded from effectiveness testing and amortized into earnings [1],[5] 321 119  
Derivative, Amount of Gains/(Losses) Recognized in OCI [1] (1,361) 498  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS, excluded from effectiveness testing [1],[5] 207 154  
Derivative, Amount of Gains/(Losses) Reclassified from OCI into OID and COS [1] $ 0 $ 0  
[1] OID = Other (income)/deductions—net, included in Other (income)/deductions—net in the consolidated statements of operations. COS = Cost of Sales, included in Cost of sales in the consolidated statements of operations. OCI = Other comprehensive income/(loss), included in the consolidated statements of comprehensive income/(loss).
[2] Reclassified into Other (income)/deductions—net and Cost of sales. See Note 7E.
[3] Long-term debt includes foreign currency borrowings which are used in net investment hedges; the related carrying values as of December 31, 2025 and December 31, 2024 were $879 million and $777 million, respectively.
[4] The amounts reclassified from OCI into COS were a net gain of $49 million in 2025 and a net gain of $119 million in 2024. The remaining amounts were reclassified from OCI into OID. Based on year-end foreign exchange rates that are subject to change, we expect to reclassify a pre-tax loss of $16 million within the next 12 months into income. The maximum length of time over which we are hedging our exposure to the variability in future foreign exchange cash flows is approximately 17 years and relates to foreign currency debt.
[5] The amounts reclassified from OCI were reclassified into OID.