Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Notional Amounts and Fair Values

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
	June 30 2015		December 31 2014		June 30 2015			December 31 2014			June 30 2015			December 31 2014
Derivatives designated as hedging instruments:
Foreign exchange contracts		$2,368		$2,586		$10			$9			($251	)		($204	)
Interest rate contracts	125		125		10			10
Commodity contracts	25		31		1			1			(15		)	(24		)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	428		319		13			21			(7		)	(5		)
Commodity contracts	884		3
Total derivatives		$3,830		$3,064	34			41			(273		)	(233		)
Netting arrangements					(15		)	(16		)	15			16
Net recorded balance						$19			$25			($258	)		($217	)


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

Schedule Of Derivative Instruments, Gains/(Losses)

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



	Six months ended June 30						Three months ended June 30
	2015			2014			2015			2014
Effective portion recognized in Other comprehensive income/(loss), net of taxes:
Foreign exchange contracts		($66	)		$20			$24			$32
Commodity contracts				5			1			4
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
Foreign exchange contracts	(23		)	7			(14		)	9
Commodity contracts	(5		)	(8		)	(2		)	(5		)
Forward points recognized in Other income, net:
Foreign exchange contracts	7			16			2			9
Undesignated derivatives recognized in Other income, net:
Foreign exchange contracts	2			(6		)	3			(2		)