Derivatives and Hedging (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional and fair values of derivative instruments

The notional and fair values of derivative instruments are as follows (in millions):

	Notional Amount				Derivative Assets				Derivative Liabilities
	6/30/2013		12/31/2012		6/30/2013		12/31/2012		6/30/2013		12/31/2012
Derivatives accounted for as hedges:
Interest rate contracts	$	325	$	336	$	16	$	17	$	—	$	—
Foreign exchange contracts	1,072		1,208		39		191		110		250
Total	1,397		1,544		55		208		110		250
Derivatives not accounted for as hedges:
Foreign exchange contracts	295		305		1		2		1		1
Total	$	1,692	$	1,849	$	56	$	210	$	111	$	251

Offsetting of financial assets and derivatives assets are as follows (in millions):

	Gross Amounts of Recognized Assets				Gross Amounts Offset in the Statement of Financial Position						Net Amounts of Assets Presented in the Statement of Financial Position (1)
	6/30/2013		12/31/2012		6/30/2013			12/31/2012			6/30/2013		12/31/2012
Derivatives accounted for as hedges:
Interest rate contracts	$	16	$	17	$	—		$	—		$	16	$	17
Foreign exchange contracts	39		191		(20		)	(160		)	19		31
Total	55		208		(20		)	(160		)	35		48
Derivatives not accounted for as hedges:
Foreign exchange contracts	1		2		—			—			1		2
Total	$	56	$	210	$	(20	)	$	(160	)	$	36	$	50

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(1) Included within Other current assets or Other non-current assets

Offsetting of financial liabilities and derivative liabilities are as follows (in millions):

	Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Statement of Financial Position						Net Amounts of Liabilities Presented in the Statement of Financial Position (2)
	6/30/2013		12/31/2012		6/30/2013			12/31/2012			6/30/2013		12/31/2012
Derivatives accounted for as hedges:
Interest rate contracts	$	—	$	—	$	—		$	—		$	—	$	—
Foreign exchange contracts	110		250		(20		)	(160		)	90		90
Total	110		250		(20		)	(160		)	90		90
Derivatives not accounted for as hedges:
Foreign exchange contracts	1		1		—			—			1		1
Total	$	111	$	251	$	(20	)	$	(160	)	$	91	$	91

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(2) Included within Other current liabilities or Other non-current liabilities

Derivative gains (losses)

The amounts of derivative gains (losses) recognized in the Condensed Consolidated Financial Statements for the three and six months endedJune 30, 2013 and 2012 are as follows (in millions):

	Three months ended June 30,					Six months ended June 30,
	2013		2012			2013			2012
Gain (Loss) recognized in Accumulated Other Comprehensive Loss:
Cash Flow Hedges:
Interest rate contracts	$	—	$	—		$	—		$	—
Foreign exchange contracts	—		(32		)	(29		)	(30		)
Total	$	—	$	(32	)	$	(29	)	$	(30	)
Foreign Net Investment Hedges:
Foreign exchange contracts	$	—	$	11		$	—		$	1
Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion):
Cash Flow Hedges:
Interest rate contracts (1)	$	—	$	—		$	(1	)	$	—
Foreign exchange contracts (2)	14		(8		)	3			(16		)
Total	14		(8		)	2			(16		)
Foreign Net Investment Hedges:
Foreign exchange contracts	$	—	$	—		$	—		$	—

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(1) Included within Fiduciary investment income and Interest expense

(2) Included within Other income and Interest expense

	Three months ended June 30,									Six months ended June 30,
	Amount of Gain (Loss) Recognized in Income on Derivative (1) (2)				Amount of Gain (Loss) Recognized in Income on Related Hedge Item (2)					Amount of Gain (Loss) Recognized in Income on Derivative (1) (2)					Amount of Gain (Loss) Recognized in Income on Related Hedge Item (1) (2)
	2013		2012		2013		2012			2013			2012		2013		2012
Fair value hedges:
Interest rate contracts	$	—	$	1	$	—	$	(1	)	$	(1	)	$	3	$	1	$	(3	)

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(1) Relates to fixed rate debt

(2) Included in Interest expense