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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2019
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]  
Fair Value, Assets And Liabilities Measured On Recurring Basis
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. 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.
 
September 30, 2019
 
December 31, 2018
 
Total

 
Level 1

 
Level 2

 
Total

 
Level 1

 
Level 2

Assets
 
 
 
 
 
 
 
 
 
 
 
Money market funds

$1,371

 

$1,371

 
 
 

$1,737

 

$1,737

 
 
Available-for-sale debt investments:


 
 
 
 
 
 
 
 
 
 
Commercial paper
146

 
 
 

$146

 
78

 
 
 

$78

Corporate notes
352

 
 
 
352

 
420

 
 
 
420

U.S. government agencies
109

 
109

 
 
 


 


 
 
Other equity investments
10

 
10

 
 
 
12

 
12

 
 
Derivatives
7

 
 
 
7

 
28

 
 
 
28

Total assets

$1,995

 

$1,490

 

$505

 

$2,275

 

$1,749

 

$526

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Derivatives

($196
)
 
 
 

($196
)
 

($112
)
 
 
 

($112
)
Total liabilities

($196
)
 

 

($196
)
 

($112
)
 

 

($112
)
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 due to long-lived asset impairment and the fair value and asset classification of the related assets as of the impairment date:
  
2019
 
2018
 
Fair
Value

 
Total
Losses

 
Fair
Value

 
Total
Losses

Operating lease equipment

$10

 

($1
)
 

$45

 

($16
)
Investments
51

 
(84
)
 

 
(47
)
Property, plant and equipment
41

 
(4
)
 


 


Acquired intangible assets
3

 
(17
)
 

 

Total

$105

 

($106
)
 

$45

 

($63
)
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
For Level 3 assets that were measured at fair value on a nonrecurring basis during the nine months ended September 30, the following table presents the fair value of those assets as of the measurement date, valuation techniques and related unobservable inputs of those assets.
 
Fair
Value
 
Valuation
Technique(s)
 
Unobservable Input
 
Range
Median or Average
Operating lease equipment
$10
 
Market approach
 
Aircraft value publications
 
$12- $20(1)
Median $16
 
 
Aircraft condition adjustments
 
($6) - $0(2)
Net ($6)
(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, 2019
 
Carrying
Amount

Total Fair
Value

Level 1
Level 2

Level 3

Assets
 
 
 
 
 
Notes receivable, net

$446


$451

 

$451

 
Liabilities
 
 
 
 
 
Debt, excluding capital lease obligations and commercial paper
(21,432
)
(24,518
)
 
(24,480
)

($38
)
 
December 31, 2018
 
Carrying
Amount

Total Fair
Value

Level 1
Level 2

Level 3

Assets
 
 
 
 
 
Notes receivable, net

$730


$735

 

$735

 
Liabilities
 
 
 
 
 
Debt, excluding capital lease obligations and commercial paper
(11,796
)
(12,746
)
 
(12,682
)

($64
)