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Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2020
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
  
March 31
2020

December 31
2019

March 31
2020

December 31
2019

March 31
2020

December 31
2019

Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange contracts

$3,399


$2,590


$5


$29


($285
)

($60
)
Commodity contracts
503

645

2

4

(163
)
(72
)
Derivatives not receiving hedge accounting treatment:
 
 
 
 
 
 
Foreign exchange contracts
181

285

4

1

(2
)
(6
)
Commodity contracts
583

1,644





 
 
Total derivatives

$4,666


$5,164


$11


$34


($450
)

($138
)
Netting arrangements
 
 
(9
)
(20
)
9

20

Net recorded balance
 
 

$2


$14


($441
)

($118
)
(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: 
 
Three months ended March 31
  
2020

 
2019

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

($197
)
 

$22

Commodity contracts
(78
)
 
(11
)
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:
 
Three months ended March 31
 
2020

 
2019

Foreign exchange contracts
 
 
 
Revenues

($1
)
 

$5

Costs and expenses
(1
)
 
(5
)
General and administrative

 
1

Commodity contracts
 
 
 
Costs and expenses
(1
)
 
1

General and administrative expense

 
1