Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Major Categories of Financial Assets and Liabilities Measured on a Recurring Basis



			Fair value measurements at reporting date using
	December 31,		Quoted prices in active markets for identical assets	Significant other observable inputs		Significant unobservable inputs
(in millions)	2018		(Level 1)	(Level 2)		(Level 3)

Current assets:
Other current assets (1)	$	103		$	103
Non-current assets:
Investments (2)	$	16				$	16
Other assets (1)	$	45		$	45
Current liabilities:
Other accrued liabilities (1)	$	56		$	56
Non-current liabilities:
Other liabilities (1)(3)	$	406		$	386	$	20

(1)Derivative assets and liabilities include foreign exchange contracts which are measured using observable inputs for similar assets and liabilities.

(2)One of the Company’s equity securities was measured using unobservable (Level 3) inputs, in the amount of $16 million.

(3)Other liabilities include contingent consideration that was measured using unobservable (Level 3) inputs, in the amount of $20 million.



			Fair value measurements at reporting date using
	December 31,		Quoted prices in active markets for identical assets	Significant other observable inputs		Significant unobservable inputs
(in millions)	2017		(Level 1)	(Level 2)		(Level 3)

Current assets:
Short-term investments
Other current assets (1)	$	497		$	197	$	300
Non-current assets:
Other assets (1)(2)	$	68		$	68
Current liabilities:
Other accrued liabilities (1)	$	44		$	42	$	2
Non-current liabilities:
Other liabilities (1)(2)	$	353		$	333	$	20

(1)

Derivative assets and liabilities include foreign exchange contracts which are measured using observable quoted prices for similar assets and liabilities.

(2)

At December 31, 2017, other current assets, other accrued liabilities and other liabilities include contingent consideration that was measured using unobservable (level 3) inputs, in the amounts of $300 million, $2 million and $20 million, respectively.