Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Derivative Instruments [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The notional amounts and fair values of derivative instruments in the Consolidated Statements of Financial Position as of December 31 were as follows:

	Notional  amounts(1)		Other assets		Accrued liabilities
	2020	2019	2020	2019	2020	2019
Derivatives designated as hedging instruments:
Foreign exchange contracts	$2,594	$2,590	$81	$29	($24)	($60)
Commodity contracts	404	645	4	4	(43)	(72)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	769	285	22	1	(16)	(6)
Commodity contracts	904	1,644			(17)
Total derivatives	$4,671	$5,164	107	34	(100)	(138)
Netting arrangements			(31)	(20)	31	20
Net recorded balance			$76	$14	($69)	($118)

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

Schedule Of Derivative Instruments, Gains/(Losses) In Statement Of Financial Performance

Gains/(losses) associated with our hedging transactions and forward points recognized in Other comprehensive income are presented in the following table: 

Years ended December 31,	2020	2019
Recognized in Other comprehensive income, net of taxes:
Foreign exchange contracts	$44	$15
Commodity contracts	(30)	(63)

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:

Years ended December 31,	2020	2019
Foreign exchange contracts
Revenues	($3)
Costs and expenses	(14)	($26)
General and administrative	(6)	(9)
Commodity contracts
Costs and expenses	($10)	$1
General and administrative expense	(1)	1