Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Financial Instruments Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

	September 30, 2012		December 31, 2011
Derivatives designated as hedging instruments:
Interest rate swaps	$	1,000	$	1,000
Foreign currency contracts	1,389		2,032
Commodity contracts	8		553
Derivatives not designated as hedging instruments:
Foreign currency contracts	7,692		6,444
Commodity contracts	21		437

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012			2011		2012			2011
Beginning balance	$	29		$	6	$	41		$	(31	)
Net revaluation and clearance of cash flow hedges to earnings	(11		)	24		(23		)	61
Ending balance	$	18		$	30	$	18		$	30

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

		Fair Value Using Level 2 Inputs
	Balance Sheet Location	September 30, 2012		December 31, 2011
Asset derivatives:
Derivatives designated as hedging instruments:
Interest rate swaps1	Other assets	$	62	$	66
Foreign currency contracts	Accounts and notes receivable, net	10		44
		72		110
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accounts and notes receivable, net	30		100
Foreign currency contracts1	Other assets	65		43
		95		143
Total asset derivatives		$	167	$	253
Cash collateral1	Other accrued liabilities	$	44	$	—
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	8	$	12
Commodity contracts	Other accrued liabilities	—		1
		8		13
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	105		21
Commodity contracts	Other accrued liabilities	1		2
		106		23
Total liability derivatives		$	114	$	36

¹  Cash collateral held as of September 30, 2012 represents $13 related to interest rate swap derivatives designated as hedging instruments and $31 related to foreign currency derivatives not designated as hedging instruments. No cash collateral was held as of December 31, 2011.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

	Amount of Gain (Loss) Recognized in OCI1 (Effective Portion)						Amount of Gain (Loss) Recognized in Income2
Three Months Ended September 30,	2012			2011			2012			2011			Income Statement Classification
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps	$	—		$	—		$	—		$	22		Interest expense3
Cash flow hedges:
Foreign currency contracts	(16		)	15			13			(7		)	Net sales
Commodity contracts	10			(2		)	(2		)	(18		)	COGS4
	(6		)	13			11			(3		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	—			—			(221		)	222			Other (loss) income, net5
Commodity contracts	—			—			(8		)	(7		)	COGS4
	—			—			(229		)	215
Total derivatives	$	(6	)	$	13		$	(218	)	$	212

	Amount of Gain (Loss) Recognized in OCI1 (Effective Portion)					Amount of Gain (Loss) Recognized in Income2
Nine Months Ended September 30,	2012		2011			2012			2011			Income Statement Classification
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps	$	—	$	—		$	(4	)	$	31		Interest expense3
Cash flow hedges:
Foreign currency contracts	1		(5		)	20			(19		)	Net sales
Commodity contracts	28		24			46			(58		)	COGS4
	29		19			62			(46		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	—		—			(111		)	(202		)	Other (loss) income, net5
Commodity contracts	—		—			(22		)	4			COGS4
Interest rate swaps	—		—			—			(1		)	COGS4
	—		—			(133		)	(199		)
Total derivatives	$	29	$	19		$	(71	)	$	(245	)

¹   OCI is defined as other comprehensive income (loss).

²   For cash flow hedges, this represents the effective portion of the gain (loss) reclassified from accumulated OCI into income during the period. For the three and nine months ended September 30, 2012 and 2011, there was no material ineffectiveness with regard to the company's cash flow hedges.

³   Gain (loss) recognized in income of derivative is offset to $0 by gain (loss) recognized in income of the hedged item.

⁴   COGS is defined as costs of goods sold and other operating charges.

⁵   Gain (loss) recognized in other (loss) income, net, was partially offset by the related gain (loss) on the foreign currency-denominated monetary assets and liabilities of the company's operations, which were $91 and $(216) for the three months ended September 30, 2012 and 2011, respectively, and $(50) and $70 for the nine months ended September 30, 2012 and 2011, respectively.