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Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2019
Hedging Activities [Abstract]  
Summary of Notional Amounts and Respective Fair Values of Derivative Financial Instruments

Asset derivatives

Liability derivatives

Notional amount

Fair value

Fair value

2019

2018

Balance sheet
location

2019

2018

Balance sheet
location

2019

2018

Derivatives
  designated as
  hedging
  instruments

Foreign exchange
  contracts

$

2,123 

$

391 

Other current
assets

$

38 

$

4 

Other accrued
liabilities

$

(7)

$

(2)

Other assets

37 

2 

Other liabilities

(4)

Derivatives not
  designated as
  hedging
  instruments

Foreign exchange
  contracts and other

1,815 

900 

Other current
assets

5 

5 

Other accrued
liabilities

(19)

(7)

Other assets

21 

Translated earnings
  contracts

12,166 

13,620 

Other current
assets

114 

94 

Other accrued
liabilities

(74)

(47)

Other assets

34 

43 

Other liabilities

(161)

(386)

Total derivatives

$

16,104 

$

14,911 

$

249 

$

148 

$

(265)

$

(442)

Effect on Consolidated Financial Statements

Effect of derivative instruments on the consolidated financial statements for the years ended December 31 

Derivatives in hedging

Gain (loss) recognized in other
comprehensive income (OCI)

Location of gain (loss) reclassified from
accumulated OCI into income

Gain (loss) reclassified from
accumulated OCI into income (1)

relationships

2019

2018

2017

effective (ineffective)

2019

2018

2017

Cash flow hedges

Net sales

$

1 

Interest rate hedge

$

16 

Cost of sales

$

11 

$

13 

(12)

Foreign exchange contracts

$

72 

(5)

$

38 

Other expense, net

(1)

(2)

Total cash flow hedges

$

72 

$

11 

$

38 

$

11 

$

12 

$

(13)

Gain (loss) recognized in income

Undesignated
derivatives

Location of gain (loss)
recognized in income

2019

2018

2017

Foreign exchange and other contracts –
  balance sheet, loans and other

Other income (expense), net

$

21 

$

22 

$

(16)

Translated earnings contracts

Translated earnings contract gain (loss), net

248 

(93)

(121)

Total undesignated

$

269 

$

(71)

$

(137)

(1)The effect of gain (loss) reclassified from accumulated OCI into income is not material to the financial statement line items in which effects of cash flow hedges are recorded for 2019, 2018 and 2017.