Fair Value Measurements and Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements [Abstract]

Schedule of derivative instruments

The following summarizes the fair value of the Company’s derivative instruments and other financial instruments at March 31, 2013 and December 31, 2012:

	Assets					Liabilities
	Account	Fair Value				Account	Fair Value
Designated derivative instruments		3/31/13		12/31/12			3/31/13		12/31/12
Interest rate swap contracts	Other current assets	$	1	$	3	Other accruals	$	—	$	—
Interest rate swap contracts	Other assets	36		41		Other liabilities	—		—
Foreign currency contracts	Other current assets	15		7		Other accruals	8		10
Foreign currency contracts	Other assets	29		13		Other liabilities	—		—
Commodity contracts	Other current assets	—		1		Other accruals	1		—
Total designated		$	81	$	65		$	9	$	10
Derivatives not designated
Foreign currency contracts	Other assets	$	5	$	—	Other liabilities	$	—	$	1
Total not designated		$	5	$	—		$	—	$	1
Total derivative instruments		$	86	$	65		$	9	$	11
Other financial instruments
Marketable securities	Other current assets	$	164	$	116
Available-for-sale securities	Other assets	574		618
Total other financial instruments		$	738	$	734

Activity related to fair value hedges

Activity related to fair value hedges recorded during the three-month periods ended March 31, 2013 and 2012 was as follows:

	2013									2012
	Foreign Currency Contracts			Interest Rate Swaps			Total			Foreign Currency Contracts			Interest Rate Swaps			Total
Notional Value at March 31,	$	1,085		$	1,338		$	2,423		$	674		$	1,668		$	2,342
Three months ended March 31:
Gain (loss) on derivative	12			(7		)	5			1			(2		)	(1		)
Gain (loss) on hedged items	(12		)	7			(5		)	(1		)	2			1

Activity related to cash flow hedges

Activity related to cash flow hedges recorded during the three-month periods ended March 31, 2013 and 2012 was as follows:

	2013							2012
	Foreign Currency Contracts		Commodity Contracts			Total		Foreign Currency Contracts		Commodity Contracts			Total
Notional Value at March 31,	$	446	$	52		$	498	$	474	$	27		$	501
Three months ended March 31:
Gain (loss) recognized in OCI	8		(1		)	7		6		2			8
Gain (loss) reclassified into Cost of sales	3		1			4		1		(1		)	—

Activity related to net investment hedges

Activity related to net investment hedges recorded during the three-month periods ended March 31, 2013 and 2012 was as follows:

	2013									2012
	Foreign Currency Contracts			Foreign Currency Debt			Total			Foreign Currency Contracts			Foreign Currency Debt			Total
Notional Value at March 31,	$	536		$	375		$	911		$	537		$	251		$	788
Three months ended March 31:
Gain (loss) on instruments	14			13			27			(19		)	(6		)	(25		)
Gain (loss) on hedged items	(13		)	(13		)	(26		)	14			6			20

Activity related to derivatives not designated as hedging instruments

Activity related to these contracts during the three-month periods ended March 31, 2013 and 2012 was as follows:

	2013			2012
	Cross-currency Swap			Cross-currency Swap
Notional Value at March 31,	$	96		$	96
Three months ended March 31:
Gain (loss) on instrument	6			(3		)
Gain (loss) on hedged item	(6		)	3

Reconciliation of the Venezuelan investments at fair value

The following table presents a reconciliation of the Venezuelan bonds at fair value for the three months endedMarch 31, 2013 and 2012:

	2013			2012
Beginning balance as of January 1,	$	642		$	236
Unrealized gain (loss) on investment	(141		)	16
Purchases and sales during the period	97			9
Ending balance as of March 31,	$	598		$	261