Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

Basis of Fair Value Measurements on a Nonrecurring Basis at September 30	Significant Other Unobservable Inputs (Level 3)		Total Losses
(In millions)
2019
Assets at fair value:
Developed technology	$	—	$	(1	)
Other intangible assets	$	—	$	(6	)
IPR&D	$	—	$	(47	)
2018
Assets at fair value:
Investment in nonconsolidated affiliates	$	51	$	(41	)
Other intangible assets	$	450	$	(85	)

Fair Value of Assets and Liabilities Measured on Recurring Basis

September 30, 2019	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	1,568
Marketable securities	117
Derivatives relating to:2
Foreign currency	74
Total assets at fair value	$	1,759
Liabilities at fair value:
Long-term debt including debt due within one year3	$	123
Derivatives relating to:2
Foreign currency	20
Total liabilities at fair value	$	143

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

September 30, 2018	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	759
Marketable securities	142
Derivatives relating to:2
Foreign currency	55
Total assets at fair value	$	956
Liabilities at fair value:
Long-term debt including debt due within one year3	$	10,397
Derivatives relating to:2
Foreign currency	54
Total liabilities at fair value	$	10,451

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.