Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on Recurring Basis

June 30, 2019	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	1,389
Marketable securities	6
Derivatives relating to:2
Foreign currency	36
Total assets at fair value	$	1,431
Liabilities at fair value:
Long-term debt including debt due within one year3	$	119
Derivatives relating to:2
Foreign currency	48
Total liabilities at fair value	$	167

December 31, 2018	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	1,221
Marketable securities	5
Derivatives relating to:2
Foreign currency	72
Total assets at fair value	$	1,298
Liabilities at fair value:
Long-term debt including debt due within one year3	$	6,100
Derivatives relating to:2
Foreign currency	21
Total liabilities at fair value	$	6,121

June 30, 2018	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	1,307
Marketable securities	49
Derivatives relating to:2
Commodities	4
Foreign currency	153
Total assets at fair value	$	1,513
Liabilities at fair value:
Long-term debt including debt due within one year3	$	11,186
Derivatives relating to:2
Foreign currency	35
Total liabilities at fair value	$	11,221

1. Time deposits included in cash and cash equivalents and money market funds included in other current assets in the interim Condensed Consolidated Balance Sheets are held at amortized cost, which approximates fair value.

2. See Note 22 - Financial Instruments for the classification of derivatives in the interim Condensed Consolidated Balance Sheets.

3. See Note 17 - Short-Term Borrowings, Long-Term Debt and Available Credit Facilities, for information on fair value measurements of long-term debt.