Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Financial Instruments Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

	September 30, 2015		December 31, 2014
Derivatives designated as hedging instruments:
Interest rate swaps	$	—	$	1,000
Foreign currency contracts	10		434
Commodity contracts	78		388
Derivatives not designated as hedging instruments:
Foreign currency contracts	7,819		10,586
Commodity contracts	15		166

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Beginning balance	$	(10	)	$	(13	)	$	(6	)	$	(48	)
Additions and revaluations of derivatives designated as cash flow hedges	(13		)	(1		)	(24		)	15
Clearance of hedge results to earnings	—			(1		)	7			18
Ending balance	$	(23	)	$	(15	)	$	(23	)	$	(15	)

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

		Fair Value Using Level 2 Inputs
	Balance Sheet Location	September 30, 2015		December 31, 2014
Asset derivatives:
Derivatives designated as hedging instruments:
Interest rate swaps1	Accounts and notes receivable, net	$	—	$	1
Foreign currency contracts	Accounts and notes receivable, net	—		10
		—		11
Derivatives not designated as hedging instruments:
Foreign currency contracts2	Accounts and notes receivable, net	132		254
Total asset derivatives3		$	132	$	265
Cash collateral1,2	Other accrued liabilities	$	20	$	47
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	—	$	10
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	63		62
Commodity contracts	Other accrued liabilities	1		1
		64		63
Total liability derivatives3		$	64	$	73

¹  Cash collateral held as of September 30, 2015 and December 31, 2014 represents $0 and $6, respectively, related to interest rate swap derivatives designated as hedging instruments.

²  Cash collateral held as of September 30, 2015 and December 31, 2014 represents $20 and $41, 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 $51 at September 30, 2015 and $67 at December 31, 2014.

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,	2015			2014			2015			2014			Income Statement Classification
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps	$	—		$	—		$	—		$	(7	)	Interest expense
Cash flow hedges:
Foreign currency contracts	—			20			—			2			Net sales
Commodity contracts	(22		)	(23		)	—			—			Cost of goods sold
	(22		)	(3		)	—			(5		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	—			—			174			403			Other income, net3
Commodity contracts	—			—			(2		)	4			Cost of goods sold
	—			—			172			407
Total derivatives	$	(22	)	$	(3	)	$	172		$	402

	Amount of Gain (Loss) Recognized in OCI1 (Effective Portion)					Amount of Gain (Loss) Recognized in Income2
Nine Months Ended September 30,	2015			2014		2015			2014			Income Statement Classification
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps	$	—		$	—	$	(1	)	$	(20	)	Interest expense
Cash flow hedges:
Foreign currency contracts	(1		)	19		10			—			Net sales
Commodity contracts	(35		)	4		(22		)	(29		)	Cost of goods sold
	(36		)	23		(13		)	(49		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	—			—		435			287			Other income, net3
Foreign currency contracts	—			—		(3		)	—			Net sales
Commodity contracts	—			—		3			(21		)	Cost of goods sold
	—			—		435			266
Total derivatives	$	(36	)	$	23	$	422		$	217

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, 2015 and 2014, there was no material ineffectiveness with regard to the company's cash flow hedges.

³   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 $(210) and $(153) for the three months ended September 30, 2015 and 2014, respectively, and $(381) and $(243) for the nine months ended September 30, 2015 and 2014, respectively. See Note 4 for additional information.