Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Financial Instruments Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

	June 30, 2013		December 31, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	$	1,000	$	1,000
Foreign currency contracts	651		1,083
Commodity contracts	348		753
Derivatives not designated as hedging instruments:
Foreign currency contracts	9,565		6,733
Commodity contracts	136		242

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Beginning balance	$	(12	)	$	18		$	3		$	41
Additions and revaluations of derivatives designated as cash flow hedges	(6		)	24			(15		)	20
Clearance of hedge results to earnings	(11		)	(13		)	(17		)	(32		)
Ending balance	$	(29	)	$	29		$	(29	)	$	29

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

		Fair Value Using Level 2 Inputs
	Balance Sheet Location	June 30, 2013		December 31, 2012
Asset derivatives:
Derivatives designated as hedging instruments:
Interest rate swaps1	Other assets	$	40	$	55
Foreign currency contracts	Accounts and notes receivable, net	8		7
		48		62
Derivatives not designated as hedging instruments:
Foreign currency contracts2	Accounts and notes receivable, net	176		88
Total asset derivatives3		$	224	$	150
Cash collateral1,2	Other accrued liabilities	$	39	$	44
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	1	$	10
Commodity contracts	Other accrued liabilities	2		—
		3		10
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	35		76
Commodity contracts	Other accrued liabilities	1		1
		36		77
Total liability derivatives3		$	39	$	87

¹  Cash collateral held as of June 30, 2013 and December 31, 2012 represents $20 and $13, respectively, related to interest rate swap derivatives designated as hedging instruments.

²  Cash collateral held as of June 30, 2013 and December 31, 2012 represents $19 and $31, respectively, related to foreign currency derivatives not designated as hedging instruments.

³  The company's derivative assets and liabilities subject to enforceable master netting arrangements totaled $20 at June 30, 2013 and $40 at December 31, 2012.

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 June 30,	2013			2012		2013			2012			Income Statement Classification
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps	$	—		$	—	$	(8	)	$	(1	)	Interest expense3
Cash flow hedges:
Foreign currency contracts	2			27		7			4			Net sales
Commodity contracts	(10		)	12		11			19			Cost of goods sold
	(8		)	39		10			22
Derivatives not designated as hedging instruments:
Foreign currency contracts	—			—		90			238			Other income, net4
Commodity contracts	—			—		(14		)	(3		)	Cost of goods sold
	—			—		76			235
Total derivatives	$	(8	)	$	39	$	86		$	257

	Amount of Gain (Loss) Recognized in OCI1 (Effective Portion)					Amount of Gain (Loss) Recognized in Income2
Six Months Ended June 30,	2013			2012		2013			2012			Income Statement Classification
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps	$	—		$	—	$	(15	)	$	(4	)	Interest expense3
Cash flow hedges:
Foreign currency contracts	16			17		3			7			Net sales
Commodity contracts	(40		)	18		25			48			Cost of goods sold
	(24		)	35		13			51
Derivatives not designated as hedging instruments:
Foreign currency contracts	—			—		196			110			Other income, net4
Commodity contracts	—			—		(8		)	(14		)	Cost of goods sold
	—			—		188			96
Total derivatives	$	(24	)	$	35	$	201		$	147

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 six months ended June 30, 2013 and 2012, 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   Gain (loss) recognized in other 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 $(55) and $(188) for the three months ended June 30, 2013 and 2012, respectively, and $(150) and $(141) for the six months ended June 30, 2013 and 2012, respectively.