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Fair Value Measurements and Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2012
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 September 30, 2012 and December 31, 2011:

 
Assets
 
Liabilities
 
 
Account
 
Fair Value
 
Account
 
Fair Value
Designated derivative instruments
 
 
9/30/12
 
12/31/11
 
 
 
9/30/12
 
12/31/11
Interest rate swap contracts
Other current assets
 
$
5

 
$
2

 
Other accruals
 
$
—

 
$
—

Interest rate swap contracts
Other assets
 
45

 
40

 
Other liabilities
 
—

 
2

Foreign currency contracts
Other current assets
 
4

 
8

 
Other accruals
 
9

 
6

Foreign currency contracts
Other assets
 
28

 
28

 
Other liabilities
 
—

 
—

Commodity contracts
Other current assets
 
5

 
—

 
Other accruals
 
—

 
1

Total designated
 
 
$
87

 
$
78

 
 
 
$
9

 
$
9

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated
 
 
 

 
 

 
 
 
 
 
 

Foreign currency contracts
Other assets
 
$
—

 
$
3

 
Other liabilities
 
$
1

 
$
—

Total not designated
 
 
$
—

 
$
3

 
 
 
$
1

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
Total derivative instruments
 
 
$
87

 
$
81

 
 
 
$
10

 
$
9

 
 
 
 
 
 
 
 
 
 
 
 
Other financial instruments
 
 
 

 
 

 
 
 
 

 
 

Marketable securities
Other current assets
 
$
81

 
$
72

 
 
 
 

 
 

Available-for-sale securities
Other assets
 
623

 
236

 
 
 
 

 
 

Total other financial instruments
 
 
$
704

 
$
308

 
 
 
 

 
 
Activity related to fair value hedges
Activity related to fair value hedges recorded during the three-month and nine-month periods ended September 30, 2012 and 2011 was as follows:
 
2012
 
2011
 
Foreign
Currency
Contracts
 
Interest
Rate
Swaps
 
 
Total
 
Foreign
Currency
Contracts
 
Interest
Rate
Swaps
 
 
Total
Notional Value at September 30,
$
944

 
$
1,338

 
$
2,282

 
$
619

 
$
1,288

 
$
1,907

Three-months ended September 30:
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on derivative
(8
)
 
5

 
(3
)
 
—

 
22

 
22

Gain (loss) on hedged items
8

 
(5
)
 
3

 
—

 
(22
)
 
(22
)
Nine-months ended September 30:
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on derivative
2

 
12

 
14

 
6

 
30

 
36

Gain (loss) on hedged items
(2
)
 
(12
)
 
(14
)
 
(6
)
 
(30
)
 
(36
)
Activity related to cash flow hedges
Activity related to cash flow hedges recorded during the three-month and nine-month periods ended September 30, 2012 and 2011 was as follows:
 
2012
 
2011
 
Foreign
Currency
Contracts
 
Commodity
Contracts
 
 
Total
 
Foreign
Currency
Contracts
 
Commodity
Contracts
 
 
Total
Notional Value at September 30,
$
347

 
$
26

 
$
373

 
$
326

 
$
32

 
$
358

Three-months ended September 30:
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) recognized in OCI
(7
)
 
6

 
(1
)
 
(2
)
 
(2
)
 
(4
)
Gain (loss) reclassified into Cost of sales
(1
)
 
4

 
3

 
(5
)
 
1

 
(4
)
Nine-months ended September 30:
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) recognized in OCI
(4
)
 
11

 
7

 
(9
)
 
(2
)
 
(11
)
Gain (loss) reclassified into Cost of sales
—

 
4

 
4

 
(13
)
 
6

 
(7
)
Activity related to net investment hedges
Activity related to net investment hedges recorded during the three-month and nine-month periods ended September 30, 2012 and 2011 was as follows:
 
2012
 
2011
 
Foreign
Currency
Contracts
 
Foreign
Currency
Debt
 
 
Total
 
Foreign
Currency
Contracts
 
Foreign
Currency
Debt
 
 
Total
Notional Value at September 30,
$
527

 
$
296

 
$
823

 
$
32

 
$
348

 
$
380

Three-months ended September 30:
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on instruments
(6
)
 
(2
)
 
(8
)
 
2

 
23

 
25

Gain (loss) on hedged items
8

 
2

 
10

 
(2
)
 
(23
)
 
(25
)
Nine-months ended September 30:
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on instruments
2

 
2

 
4

 
(8
)
 
(10
)
 
(18
)
Gain (loss) on hedged items
(5
)
 
(2
)
 
(7
)
 
8

 
10

 
18
Activity related to derivatives not designated as hedging instruments
Activity related to these contracts during the three-month and nine-month periods ended September 30, 2012 and 2011 was as follows:
 
2012
 
2011
 
Cross-currency
Swap
 
Cross-currency
Swap
Notional Value at September 30,
$
96

 
$
96

Three-months ended September 30:
 
 
 
Gain (loss) on instrument
(3
)
 
2

Gain (loss) on hedged item
3

 
(2
)
Nine-months ended September 30:
 
 
 
Gain (loss) on instrument
(4
)
 
(2
)
Gain (loss) on hedged item
4

 
2
Reconciliation of the Venezuelan investments at fair value
The following table presents a reconciliation of the Venezuelan bonds at fair value for the nine months ended September 30:
 
2012
 
2011
Beginning balance as of January 1,
$
236

 
$
96

Unrealized gain (loss) on investment
14

 
60

Purchases and sales during the period
373

 
77

Ending balance as of September 30,
$
623

 
$
233