Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Derivative Instruments [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:



	Notional amounts⁽¹⁾				Other assets						Accrued liabilities
	September 30 2012		December 31 2011		September 30 2012			December 31 2011			September 30 2012			December 31 2011
Derivatives designated as hedging instruments:
Foreign exchange contracts		$2,079		$2,536		$211			$185			($16	)		($33	)
Interest rate contracts	388		388		30			29
Commodity contracts	72		102								(84		)	(112		)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	578		605					2			(67		)	(47		)
Commodity contracts	12										(6		)
Total derivatives	3,129		3,631		241			216			(173		)	(192		)
Netting arrangements					(79		)	(61		)	79			61
Net recorded balance						$162			$155			($94	)		($131	)


⁽¹⁾	Notional amounts represent the gross contract/notional amount of the derivatives outstanding.

Schedule Of Derivative Instruments, Gains/(Losses) In Statement Of Financial Performance

Gains/(losses) associated with our cash flow and undesignated hedging transactions and their effect on other comprehensive loss and Net earnings were as follows:



	Nine months ended September 30						Three months ended September 30
	2012			2011			2012			2011
Effective portion recognized in other comprehensive loss, net of taxes:
Foreign exchange contracts		$35			($20	)		$36			($79	)
Commodity contracts	(10		)	(26		)	1			(12		)
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
Foreign exchange contracts	18			21			8			7
Commodity contracts	(26		)	(20		)	(8		)	(7		)
Forward points recognized in Other income/(expense), net:
Foreign exchange contracts	16			30			4			24
Undesignated derivatives recognized in Other income/(expense), net:
Foreign exchange contracts	(11		)	19			(1		)	8

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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