Fair Value Measurements and Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Schedule of Derivative Instruments

The following table summarizes the fair value of the Company’s derivative instruments and other financial instruments at December 31, 2018 and December 31, 2017:

	Assets					Liabilities
	Account	Fair Value				Account	Fair Value
Designated derivative instruments		12/31/18		12/31/17			12/31/18		12/31/17
Interest rate swap contracts	Other current assets	$	—	$	—	Other accruals	$	1	$	—
Interest rate swap contracts	Other assets	—		—		Other liabilities	8		7
Foreign currency contracts	Other current assets	20		25		Other accruals	8		20
Foreign currency contracts	Other assets	—		—		Other liabilities	21		46
Commodity contracts	Other current assets	—		—		Other accruals	—		—
Total designated		$	20	$	25		$	38	$	73
Other financial instruments
Marketable securities	Other current assets	$	10	$	14
Total other financial instruments		$	10	$	14

Activity related to fair value hedges

Activity related to fair value hedges recorded during each period presented was as follows:   

	2018									2017
	Foreign Currency Contracts			Interest Rate Swaps			Total			Foreign Currency Contracts			Interest Rate Swaps			Total
Notional Value at December 31,	$	327		$	900		$	1,227		$	1,231		$	1,000		$	2,231
Gain (loss) on derivatives	(1		)	(2		)	(3		)	(7		)	(9		)	(16		)
Gain (loss) on hedged items	1			2			3			7			9			16

Activity related to cash flow hedges

Activity related to cash flow hedges recorded during each period presented was as follows:

	2018								2017
	Foreign Currency Contracts			Commodity Contracts		Total			Foreign Currency Contracts			Commodity Contracts		Total
Notional Value at December 31,	$	782		$	14	$	796		$	702		$	—	$	702
Gain (loss) recognized in OCI	10			—		10			(25		)	—		(25		)
Gain (loss) reclassified into Cost of sales	(4		)	1		(3		)	(3		)	—		(3		)

Activity related to net investment hedges

Activity related to net investment hedges recorded during each period presented was as follows:

	2018									2017
	Foreign Currency Contracts			Foreign Currency Debt			Total			Foreign Currency Contracts			Foreign Currency Debt			Total
Notional Value at December 31,	$	482		$	1,396		$	1,878		$	478		$	601		$	1,079
Gain (loss) on instruments	33			93			126			(71		)	(112		)	(183		)
Gain (loss) on hedged items	(33		)	(93		)	(126		)	71			112			183