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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]  
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
2019

December 31
2018

September 30
2019

December 31
2018

September 30
2019

December 31
2018

Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange contracts

$2,733


$3,407


$17


$32


($105
)

($132
)
Interest rate contracts
125

125








Commodity contracts
669

57

4

9

(93
)
(2
)
Derivatives not receiving hedge accounting treatment:
 
 
 
 
 
 
Foreign exchange contracts
824

414

6

11

(18
)
(2
)
Commodity contracts
1,713

478





 
 
Total derivatives

$6,064


$4,481


$27


$52


($216
)

($136
)
Netting arrangements
 
 
(20
)
(24
)
20

24

Net recorded balance
 
 

$7


$28


($196
)

($112
)
(1) 
Notional amounts represent the gross contract/notional amount of the derivatives outstanding.
Schedule Of Derivative Instruments, Gains/(Losses)
Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income are presented in the following table: 
 
Nine months ended September 30
 
Three months ended September 30
  
2019

 
2018

 
2019

 
2018

Recognized in Other comprehensive income, net of taxes:
 
 
 
 
 
 
 
Foreign exchange contracts

($6
)
 

($80
)
 

($34
)
 

$4

Commodity contracts
(78
)
 
2

 
(30
)
 
1
Reclassification out of Accumulated Other Comprehensive Income
Gains/(losses) associated with our hedging transactions and forward points reclassified from AOCI to earnings are presented in the following table:
 
Nine months ended September 30
 
Three months ended September 30
 
2019

 
2018

 
2019

 
2018

Foreign exchange contracts
 
 
 
 
 
 
 
Revenues


 

 

($6
)
 


Costs and expenses

($21
)
 

($17
)
 
(9
)
 

($9
)
General and administrative
(9
)
 
(8
)
 
(18
)
 
(5
)
Commodity contracts
 
 
 
 
 
 
 
Revenues

 

 

 

Costs and expenses
1

 
1

 

 
1

General and administrative expense
1

 

 
1

 
1