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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2017
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
  
September 30
2017

December 31
2016

September 30
2017

December 31
2016

September 30
2017

December 31
2016

Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange contracts

$2,496


$2,584


$117


$34


($70
)

($225
)
Interest rate contracts
125

125

4

6




Commodity contracts
41

53

2

7

(6
)
(5
)
Derivatives not receiving hedge accounting treatment:
 
 
 
 
 
 
Foreign exchange contracts
479

465

22

21

(9
)
(17
)
Commodity contracts
557

648





 
 
Total derivatives

$3,698


$3,875


$145


$68


($85
)

($247
)
Netting arrangements
 
 
(64
)
(45
)
64

45

Net recorded balance
 
 

$81


$23


($21
)

($202
)
(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 and Net earnings were as follows: 
  
Nine months ended September 30
 
Three months ended September 30
  
2017

 
2016

 
2017

 
2016

Effective portion recognized in Other comprehensive income, net of taxes:
 
 
 
 
 
 
 
Foreign exchange contracts

$116

 

$55

 

$40

 

$14

Commodity contracts
(5
)
 
(1
)
 


 
(1
)
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
 
 
 
 
 
 
 
Foreign exchange contracts
(43
)
 
(52
)
 
(11
)
 
(14
)
Commodity contracts
(1
)
 
(6
)
 
1

 
(1
)
Forward points recognized in Other income, net:
 
 
 
 
 
 
 
Foreign exchange contracts
3

 
8

 
1

 
4

Undesignated derivatives recognized in Other income, net:
 
 
 
 
 
 
 
Foreign exchange contracts
6

 
2

 
1

 
2