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Derivative and Other Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2020
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Accumulated Other Comprehensive Income (AOCI) and Earnings From Changes In Fair Value Related To Derivative Instruments
The following tables set forth financial information about the impact on other comprehensive income ("OCI"), accumulated other comprehensive income (“AOCI”) and earnings from changes in the fair value of derivative instruments.

 Amount of gain/(loss) Amount of gain/(loss)
recognized in OCIrecognized in OCI
Three Months EndedSix Months Ended
June 30,June 30,
Derivatives in cash flow hedges2020201920202019
Foreign exchange$2  $2  $3  $(2) 
Interest Rate—  —  (1) —  
Commodities2  (18) (37) (8) 
$4  $(16) $(35) $(10) 
Amount of gain/Amount of gain/
(loss) reclassified from(loss) reclassified from
AOCI into income AOCI into income
Three Months EndedSix Months Ended
June 30,June 30,Affected line items in the
Derivatives in cash flow hedges2020201920202019Statement of Operations
Foreign exchange$(2) $—  $(3) $(1) Net sales
Commodities7  3  10  6  Net sales
Foreign exchange1  (1) —  (1) Cost of products sold
Commodities(30) (11) (40) (21) Cost of products sold
(24) (9) (33) (17) Income before taxes
7  2  9  4  Provision for income taxes
Total reclassified$(17) $(7) $(24) $(13) Net income
The following tables set forth the impact on OCI from changes in the fair value of derivative instruments designated as net investment hedges.
Amount of gain/(loss)Amount of gain/(loss)
recognized in OCIrecognized in OCI
Three months endedSix months ended
June 30,June 30,
Derivatives designated as net investment hedges2020201920202019
Foreign exchange$(22) $(7) $39  $7  
Schedule of Impact on Earnings from Derivatives Not Designated as Hedging Instruments The following table sets forth the impact on earnings from derivatives not designated as hedges.
 Pre-tax amount of gain/ Pre-tax amount of gain/
(loss) recognized in income(loss) recognized in
on derivativeincome on derivative
Three Months EndedSix Months Ended
June 30,June 30,Affected line item in the
Derivatives not designated as hedges2020201920202019Statement of Operations
Foreign exchange$1  $—  $—  $(1) Net sales
Foreign exchange—  —  1  1  Cost of products sold
Foreign exchange—  4  6  (11) Foreign exchange
$1  $4  $7  $(11) 
Fair Value of Outstanding Derivative Instruments in the Consolidated Balance Sheets
The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, respectively. The fair values of these financial instruments were reported under Level 2 of the fair value hierarchy.

Balance Sheet classificationJune 30,
2020		December 31, 2019Balance Sheet classificationJune 30,
2020		December 31, 2019
Derivatives designated as hedging instruments
Foreign exchange contracts cash flowOther current assets$9  $10  Accrued liabilities$8  $15  
Other non-current assets1  1  Other non-current liabilities—  1  
Foreign exchange contracts fair valueOther current assets4  1  Accrued liabilities2  3  
Commodities contracts cash flowOther current assets13  11  Accrued liabilities37  21  
Other non-current assets3  —  Other non-current liabilities2  —  
Interest rate contracts cash flowOther non-current assets—  —  Other non-current liabilities3  1  
Net investment hedgeOther non-current assets103  51  Other non-current liabilities2  2  
$133  $74  $54  $43  
Balance Sheet classificationJune 30,
2020		December 31, 2019Balance Sheet classificationJune 30,
2020		December 31, 2019
Derivatives not designated as hedging instruments
Foreign exchange contractsOther current assets$12  $7  Accrued liabilities$8  $5  
Other non-current assets1  2  Other non-current liabilities1  1  
$13  $9  $9  $6  
Total derivatives$146  $83  $63  $49  
Schedule of Derivative Instruments Fair Value Hedge Carrying Amount
Fair Value Hedge Carrying Amounts

Carrying amount of the hedged
assets/(liabilities)
June 30,
2020		December 31,
2019
Line item in the Balance Sheet in which the hedged item is included
Receivables, net12  12  
Accounts payable(75) (83) 
Schedule of Offsetting Derivative Assets and Liabilities In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate.
Gross amounts recognized in the Balance SheetGross amounts not offset in the Balance SheetNet amount
Balance at June 30, 2020
Derivative assets$146$18$128
Derivative liabilities631845
Balance at December 31, 2019
Derivative assets831667
Derivative liabilities491633
Notional Values of Outstanding Derivative Instruments in the Consolidated Balance Sheet
The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at June 30, 2020 and December 31, 2019 were:
June 30, 2020December 31, 2019
Derivatives designated as cash flow hedges:
Foreign exchange$615  $1,030  
Commodities347  334  
Interest rate200  200  
Derivatives designated as fair value hedges:
Foreign exchange142  142  
Derivatives designated as net investment hedges:
Foreign exchange1,075  1,075  
Derivatives not designated as hedges:
Foreign exchange929  1,017