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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2012
Fair Value Disclosures [Abstract]  
Fair Value, Assets And Liabilities Measured On Recurring Basis
The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs. 
  
September 30, 2012
 
December 31, 2011
  
Total

 
Level 1

 
Level 2

 
Level 3

 
Total

 
Level 1

 
Level 2

 
Level 3

Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market funds

$2,815

 

$2,815

 

 

 

$3,104

 

$3,104

 

 

Available-for-sale investments
9

 
5

 


 

$4

 
10

 
5

 

 

$5

Derivatives
162

 

 

$162

 

 
155

 

 

$155

 

Total assets

$2,986

 

$2,820

 

$162

 

$4

 

$3,269

 

$3,109

 

$155

 

$5

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives

($94
)
 

 

($94
)
 

 

($131
)
 

 

($131
)
 

Total liabilities

($94
)
 

 

($94
)
 

 

($131
)
 

 

($131
)
 
Fair Value, Assets Measured On Nonrecurring Basis Using Unobservable Inputs
Certain assets have been measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3). The following table presents the nonrecurring losses recognized for the nine months ended September 30 and the fair value and asset classification of the related assets as of the impairment date:
  
2012
 
2011
  
Fair
Value

 
Total
Losses

 
Fair
Value

 
Total
Losses

Equipment under operating leases & Assets held for sale or re-lease

$25

 

($31
)
 

$111

 

($49
)
Property, plant and equipment
19

 
(21
)
 


 


Acquired intangible asset

 

 
8

 
(1
)
Total

$44

 

($52
)
 

$119

 

($50
)
Fair Value, Assets Measured On Nonrecurring Basis, Valuation Techniques
 
Fair
Value
 
Valuation
Technique(s)
 
Unobservable Input
 
Range
Median or Average
Equipment under operating leases & Assets held for sale or re-lease
$25
 
Market approach
 
Aircraft value publications
 
$24 - $53(1)
Median $35
 
 
Aircraft condition adjustments
 
($10) - $0(2)
Net ($10)
(1) 
The range represents the sum of the highest and lowest values for all aircraft subject to fair value measurement, according to the third party aircraft valuation publications that we use in our valuation process.
(2) 
The negative amount represents the sum for all aircraft subject to fair value measurement, of all downward adjustments based on consideration of individual aircraft attributes and condition. The positive amount represents the sum of all such upward adjustments.
Fair Values And Related Carrying Values Of Financial Instruments
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Condensed Consolidated Statements of Financial Position were as follows:
  
September 30, 2012
December 31, 2011
  
Carrying
Amount

Total Fair
Value

Level 1
Level 2

Level 3

Carrying
Amount

Total Fair
Value

Assets
 
 
 
 
 
 
 
Accounts receivable, net

$5,437


$5,454



$5,454



$5,793


$5,690

Notes receivable, net
650

710


710


792

836

Liabilities
 

 
 
 
 
 
Debt, excluding capital lease obligations
(10,988
)
(13,258
)

(13,189
)

($69
)
(12,136
)
(14,099
)
Accounts payable
(9,152
)
(9,148
)

(9,148
)

(8,406
)
(8,396
)
Residual value and credit guarantees
(3
)
(2
)


(2
)
(8
)
(9
)
Contingent repurchase commitments
(5
)
(7
)


(7
)
(7
)
(4
)