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Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2014
Financial Instruments Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
 
September 30, 2014
December 31, 2013
Derivatives designated as hedging instruments:
 
 
Interest rate swaps
$
1,000

$
1,000

Foreign currency contracts
671

1,107

Commodity contracts
96

606

Derivatives not designated as hedging instruments:
 
 
Foreign currency contracts
10,570

9,553

Commodity contracts
9

281
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
 
Three Months Ended
Nine Months Ended
 
September 30,
September 30,
 
2014
2013
2014
2013
Beginning balance
$
(13
)
$
(29
)
$
(48
)
$
3

Additions and revaluations of derivatives designated as
   cash flow hedges
(1
)
(9
)
15

(24
)
Clearance of hedge results to earnings
(1
)
1

18

(16
)
Ending balance
$
(15
)
$
(37
)
$
(15
)
$
(37
)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
 
 
Fair Value Using Level 2 Inputs
 
Balance Sheet Location
September 30, 2014
December 31, 2013
Asset derivatives:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Interest rate swaps1
Accounts and notes receivable, net
$
8

$
—

Interest rate swaps1
Other assets
—

29

Foreign currency contracts
Accounts and notes receivable, net
15

6

 
 
23

35

Derivatives not designated as hedging instruments:
 
 

 
Foreign currency contracts2
Accounts and notes receivable, net
278

86

 
 




Total asset derivatives3
 
$
301

$
121

Cash collateral1,2
Other accrued liabilities
$
110

$
30

 
 
 
 
Liability derivatives:
 
 

 
Derivatives designated as hedging instruments:
 
 

 
Foreign currency contracts
Other accrued liabilities
$
—

$
4

 
 
 
 
Derivatives not designated as hedging instruments:
 
 

 
Foreign currency contracts
Other accrued liabilities
48

70

Commodity contracts
Other accrued liabilities
1

1

 
 
49

71

Total liability derivatives3
 
$
49

$
75



1 
Cash collateral held as of September 30, 2014 and December 31, 2013 represents $6 and $17, respectively, related to interest rate swap derivatives designated as hedging instruments.
2 
Cash collateral held as of September 30, 2014 and December 31, 2013 represents $104 and $13, 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 $45 at September 30, 2014 and $54 at December 31, 2013.
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,
2014
2013
2014
2013
Income Statement Classification
Derivatives designated as hedging instruments:
 
 
 
 
 
Fair value hedges:
 
 
 
 
 
Interest rate swaps
$
—

$
—

$
(7
)
$
(5
)
Interest expense3
Cash flow hedges:
 
 
 
 
 
Foreign currency contracts
20

(5
)
2

(1
)
Net sales
Commodity contracts
(23
)
(10
)
—

—

Cost of goods sold
 
(3
)
(15
)
(5
)
(6
)
 
Derivatives not designated as hedging instruments:
 
 
 
 
 
Foreign currency contracts
—

—

403

(130
)
Other income, net4
Commodity contracts
—

—

4

(1
)
Cost of goods sold
 
—

—

407

(131
)
 
Total derivatives
$
(3
)
$
(15
)
$
402

$
(137
)
 

 
Amount of Gain (Loss)
Recognized in OCI1 (Effective Portion)
Amount of Gain (Loss)
Recognized in Income2
 
Nine Months Ended September 30,
2014
2013
2014
2013
Income Statement Classification
Derivatives designated as hedging instruments:
 
 
 
 
 
Fair value hedges:
 
 
 
 
 
Interest rate swaps
$
—

$
—

$
(20
)
$
(20
)
Interest expense3
Cash flow hedges:
 
 
 
 
 
Foreign currency contracts
19

11

—

2

Net sales
Commodity contracts
4

(50
)
(29
)
25

Cost of goods sold
 
23

(39
)
(49
)
7


Derivatives not designated as hedging instruments:
 
 
 
 
 
Foreign currency contracts
—

—

287

66

Other income, net4
Commodity contracts
—

—

(21
)
(9
)
Cost of goods sold
 
—

—

266

57

 
Total derivatives
$
23

$
(39
)
$
217

$
64

 

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, 2014 and 2013, 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 $(185) and $29 for the three months ended September 30, 2014 and 2013, respectively, and $(274) and $(121) for the nine months ended September 30, 2014 and 2013, respectively.