v3.20.4
Financial Instruments and Fair Value Measures - Amount of Gain/(Loss) Recognized For Derivative Instruments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cost of products sold      
Gain (loss) on derivatives      
Pre-tax losses to be transferred into cost of products sold for foreign currency cash flow hedges during the next 12 months $ (93)    
Interest expense, net      
Gain (loss) on derivatives      
Pre-tax gains to be transferred into interest expense, net for interest rate swap cash flow hedges during the next 12 months (24)    
Pre-tax gains to be transferred into interest expense, net for treasury rate lock agreement cash flow hedges during the next 12 months 24    
Designated as hedging instrument | Senior notes      
Gain (loss) on derivatives      
Pre-tax gains (losses) from net investment hedges recognized in other comprehensive income (907) $ (90) $ (178)
Designated as hedging instrument | Interest expense, net | Senior notes | Fair value hedges      
Gain (loss) on derivatives      
Debt designated as hedged item in fair value hedges gains (losses) recognized in the consolidated statements of earnings (365) (418) 71
Foreign currency forward exchange contracts | Designated as hedging instrument      
Gain (loss) on derivatives      
Pre-tax gains (losses) from cash flow hedges recognized in other comprehensive income (71) (5) 175
Pre-tax gains (losses) from net investment hedges recognized in other comprehensive income (95) 33 0
Foreign currency forward exchange contracts | Designated as hedging instrument | Cost of products sold | Cash flow hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings 23 167 (161)
Foreign currency forward exchange contracts | Designated as hedging instrument | Interest expense, net | Net investment hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings 18 27 0
Foreign currency forward exchange contracts | Not designated as hedges | Net foreign exchange loss      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings 58 (70) 83
Interest rate swap contracts | Designated as hedging instrument      
Gain (loss) on derivatives      
Pre-tax gains (losses) from cash flow hedges recognized in other comprehensive income (53) 4 0
Interest rate swap contracts | Designated as hedging instrument | Interest expense, net | Cash flow hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings (17) 1 0
Interest rate swap contracts | Designated as hedging instrument | Interest expense, net | Fair value hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings 365 418 (71)
Treasury rate lock agreements | Designated as hedging instrument      
Gain (loss) on derivatives      
Pre-tax gains (losses) from cash flow hedges recognized in other comprehensive income 0 383 0
Treasury rate lock agreements | Designated as hedging instrument | Interest expense, net | Cash flow hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings $ 24 $ 3 $ 0