Fair Value Measurements and Derivatives (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

Fair value measurements on a recurring basis — Assets and liabilities that are carried in our balance sheet at fair value are as follows:

			Fair Value Measurements Using
			Quoted Prices in Active Markets		Significant Other Observable Inputs
September 30, 2015	Total		(Level 1)		(Level 2)
Marketable securities	$	157	$	60	$	97
Currency forward contracts - Accounts receivable other
Cash flow hedges	1				1
Undesignated	2				2
Currency forward contracts - Other accrued liabilities
Cash flow hedges	8				8
Undesignated	1				1
Currency swaps - Accounts receivable other
Undesignated	4				4
Currency swaps - Other noncurrent liabilities
Undesignated	1				1
December 31, 2014
Marketable securities	$	169	$	72	$	97
Currency forward contracts - Accounts receivable other
Cash flow hedges	1				1
Undesignated	1				1
Currency forward contracts - Other accrued liabilities
Cash flow hedges	11				11
Currency swaps - Other accrued liabilities
Undesignated	9				9

Carrying Amounts and Fair Values of Financial Instruments

Fair value of financial instruments – The financial instruments that are not carried in our balance sheet at fair value are as follows:

	September 30, 2015				December 31, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior notes	$	1,525	$	1,528	$	1,580	$	1,643
Other indebtedness*	67		57		79		77
Total	$	1,592	$	1,585	$	1,659	$	1,720

* The carrying value includes an unamortized fair value adjustment related to a terminated interest rate swap at September 30, 2015.

Notional Amount of Currency Derivatives

The following currency derivatives were outstanding at September 30, 2015:

		Notional Amount (U.S. Dollar Equivalent)
Functional Currency	Traded Currency	Designated as Cash Flow Hedges		Undesignated		Total		Maturity
U.S. dollar	Mexican peso, euro	$	52	$	3	$	55	Dec-16
Euro	U.S. dollar, Canadian dollar, Hungarian forint, British pound, Swiss franc, Indian rupee, Russian ruble	44		27		71		Dec-16
British pound	U.S. dollar, Euro	5		1		6		Sep-16
Swedish krona	Euro	15				15		Feb-17
South African rand	U.S. dollar, Euro			7		7		Feb-17
Thai baht	U.S. dollar, Australian dollar			11		11		May-16
Brazilian real	U.S. dollar, Euro			4		4		Mar-16
Indian rupee	U.S. dollar, British pound, Euro			27		27		Feb-17
Total forward contracts		116		80		196
U.S. dollar	Euro			116		116		Dec-16
Euro	Canadian dollar, British pound			83		83		Dec-16
Total currency swaps		—		199		199
Total currency derivatives		$	116	$	279	$	395