XML 63 R62.htm IDEA: XBRL DOCUMENT v3.2.0.727
Derivative Financial Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Foreign currency risk
 
December 31,
 
Sell
2014(i)
 
Sell
2013
 
(millions)
US dollar
$
678

 
$
303

Euro
186

 
97

Japanese yen
51

 
35


_________________________________
(i) 
Forward exchange contracts range in maturity from 2015 to 2017.
Derivative financial and hedging instruments
 
 
 
Fair value
 
Balance sheet
 
December 31,
 
December 31,
Derivative financial instruments designated as hedging instruments:
classification
 
2014
 
2013
 
 
 
(millions)
Assets:
 
 
 

 
 

Forward exchange contracts
Other assets
 
26

 
23

Total derivatives designated as hedging instruments
 
 
$
26

 
$
23

Liabilities:
 
 
 

 
 

Forward exchange contracts
Other liabilities
 
21

 
2

Total derivatives designated as hedging instruments
 
 
$
21

 
$
2
Derivatives in cash flow hedging relationships
Derivatives in cash flow hedging relationships
Amount of
gain (loss)
recognized
in OCI(i)on derivative (effective element)
 
Location of gain (loss)
reclassified from accumulated OCI(i) into income (effective element)
 
Amount of
gain (loss)
reclassified
from
accumulated
OCI(i) into
income(effective element)
 
Location of gain (loss)
recognized in income
on derivative (ineffective hedges and ineffective element of effective hedges)
 
Amount of
gain (loss)
recognized
in income
on derivative
(ineffective
hedges and
ineffective
element of effective hedges)
 
(millions)
 
 
 
(millions)
 
 
 
(millions)
Year Ended December 31, 2014
 

 
 
 
 

 
 
 
 

Interest rate swaps
$
—

 
Investment income
 
$
(5
)
 
Other income (expense), net
 
$
—

Treasury locks
—

 
Interest expense
 
(1
)
 
Interest expense
 
—

Forward exchange contracts
(31
)
 
Other income (expense), net
 
16

 
Interest expense
 
(1
)
Total
$
(31
)
 
 
 
$
10

 
 
 
$
(1
)
Year Ended December 31, 2013
 

 
 
 
 

 
 
 
 

Interest rate swaps
$
—

 
Investment income
 
$
(5
)
 
Other income (expense), net

 
$
—

Treasury locks
19

 
Interest expense
 
—

 
Interest expense
 
2

Forward exchange contracts
10

 
Other income (expense), net

 
1

 
Interest expense
 
1

Total
$
29

 
 
 
$
(4
)
 
 
 
$
3

Year Ended December 31, 2012
 

 
 
 
 

 
 
 
 

Interest rate swaps
$
3

 
Investment income
 
$
(5
)
 
Other income (expense), net

 
$
—

Forward exchange contracts
11

 
Other income (expense), net

 
(4
)
 
Interest expense
 
1

Total
$
14

 
 
 
$
(9
)
 
 
 
$
1


_________________________________
Amounts above shown gross of tax.

(i) 
OCI means other comprehensive income.