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Derivatives and Other Hedging Instruments (Tables)
 12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
December 31,
2013
2012
Derivatives designated as hedging instruments:
 
 
Interest rate swaps
$
1,000

$
1,000

Foreign currency contracts
1,107

1,083

Commodity contracts
606

753

Derivatives not designated as hedging instruments:
 

Foreign currency contracts
9,553

6,733

Commodity contracts
281

242
Schedule of Cash Flows Hedges Included in Accumulated Other Comprehensive Income (Loss)
December 31,
2013
2012
Beginning balance
$
3

$
41

Additions and revaluations of derivatives designated as cash flow hedges
(36
)
(1
)
Clearance of hedge results to earnings
(15
)
(37
)
Ending balance
$
(48
)
$
3
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
 
 
Fair Value at December 31
Using Level 2 Inputs
 
Balance Sheet Location
2013
2012
Asset derivatives:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Interest rate swaps1
Other assets
$
29

$
55

Foreign currency contracts
Accounts and notes receivable, net
6

7

 
 
35

62

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts2
Accounts and notes receivable, net
86

88

 
 
 
 
Total asset derivatives3
 
$
121

$
150

Cash collateral1,2
Other accrued liabilities
$
30

$
44

 
 
 
 
Liability derivatives:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Foreign currency contracts
Other accrued liabilities
$
4

$
10

 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
Other accrued liabilities
70

76

Commodity contracts
Other accrued liabilities
1

1

 
 
71

77

Total liability derivatives3
 
$
75

$
87



1. 
Cash collateral held as of December 31, 2013 and 2012 represents $17 and $13, respectively, related to interest rate swap derivatives designated as hedging instruments.
2 
Cash collateral held as of December 31, 2013 and 2012 represents $13 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 $54 at December 31, 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
 
 
2013
2012
2011
2013
2012
2011
Income Statement Classification
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Fair value hedges:
 
 
 
 
 
 
 
Interest rate swaps
$
—

$
—

$
—

$
(26
)
$
(11
)
$
26

Interest expense3
Cash flow hedges:


 

 

 
 

 

 
Foreign currency contracts
9

(2
)
(6
)
1

21

(15
)
Net sales
Commodity contracts
(67
)
7

23

24

44

(81
)
Cost of goods sold
 
(58
)
5

17

(1
)
54

(70
)
 
Derivatives not designated as hedging instruments:
 
 

 

 
 

 

 
Foreign currency contracts
—

—

—

35

(157
)
(133
)
Other income, net4
Commodity contracts
—

—

—

(10
)
(22
)
3

Cost of goods sold
Interest rate swaps
—

—

—

—

—

(1
)
Interest expense
 
—

—

—

25

(179
)
(131
)
 
Total derivatives
$
(58
)
$
5

$
17

$
24

$
(125
)
$
(201
)
 

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 years ended December 31, 2013, 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. 
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 $(163), $(58) and $(13) for 2013, 2012 and 2011, respectively.