v3.24.0.1
Financial Instruments and Fair Value Measures - Amount of Gain/(Loss) Recognized For Derivative Instruments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
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 $ 7    
Interest expense, net      
Gain (loss) on derivatives      
Pre-tax gains to be transferred into interest expense, net for treasury rate lock agreement cash flow hedges during the next 12 months 23    
Designated as hedging instrument | Senior notes      
Gain (loss) on derivatives      
Pre-tax gains (losses) from net investment hedges recognized in other comprehensive income (252) $ 406 $ 577
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 (98) 402 127
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 (2) 103 82
Pre-tax gains (losses) from net investment hedges recognized in other comprehensive income (144) 395 341
Foreign currency forward exchange contracts | Designated as hedging instrument | Cash flow hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings $ 77 $ 82 $ (87)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of products sold Cost of products sold Cost of products sold
Foreign currency forward exchange contracts | Designated as hedging instrument | Net investment hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings $ 112 $ 94 $ 26
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Gain on derivative amount excluded from effectiveness testing Gain on derivative amount excluded from effectiveness testing Gain on derivative amount excluded from effectiveness testing
Foreign currency forward exchange contracts | Not designated as hedging instrument      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings $ 33 $ (156) $ (100)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Gain (Loss), Foreign Currency Transaction, before Tax Gain (Loss), Foreign Currency Transaction, before Tax Gain (Loss), Foreign Currency Transaction, before Tax
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 $ 0 $ 6 $ 2
Interest rate swap contracts | Designated as hedging instrument | Cash flow hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings $ 0 $ (1) $ (24)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Gain on derivative amount excluded from effectiveness testing Gain on derivative amount excluded from effectiveness testing Gain on derivative amount excluded from effectiveness testing
Interest rate swap contracts | Designated as hedging instrument | Fair value hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings $ 98 $ (402) $ (127)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Gain on derivative amount excluded from effectiveness testing Gain on derivative amount excluded from effectiveness testing Gain on derivative amount excluded from effectiveness testing
Treasury rate lock agreements | Designated as hedging instrument | Cash flow hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings $ 24 $ 23 $ 24
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Gain on derivative amount excluded from effectiveness testing Gain on derivative amount excluded from effectiveness testing Gain on derivative amount excluded from effectiveness testing
Cross-Currency Swap Contracts | Designated as hedging instrument      
Gain (loss) on derivatives      
Pre-tax gains (losses) from cash flow hedges recognized in other comprehensive income $ (6) $ 0 $ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Gain (Loss), Foreign Currency Transaction, before Tax Gain (Loss), Foreign Currency Transaction, before Tax Gain (Loss), Foreign Currency Transaction, before Tax
Cross-Currency Swap Contracts | Designated as hedging instrument | Cash flow hedges      
Gain (loss) on derivatives      
Derivative instrument net gains (losses) recognized in the consolidated statements of earnings $ (6) $ 0 $ 0