Fair Value Measurements and Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities that are measured at fair value on a recurring basis

The following tables present the categorization of the Company's assets and liabilities that are measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014 (in millions):

			Fair Value Measurements Using
	Balance at September 30, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds and highly liquid debt securities (1)	$	1,606	$	1,606	$	—	$	—
Other investments:
Corporate bonds	1		—		—		1
Government bonds	1		—		1		—
Equity investments	9		5		4		—
Derivatives:
Interest rate contracts	—		—		—		—
Foreign exchange contracts	34		—		34		—
Liabilities:
Derivatives:
Foreign exchange contracts	51		—		51		—

  ______________________________________________

(1) Includes $1,606 million of money market funds that are classified as Fiduciary assets, Short-term investments or Cash and cash equivalents in the Condensed Consolidated Statements of Financial Position, depending on their nature and initial maturity. 

			Fair Value Measurements Using
	Balance at December 31, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds and highly liquid debt securities (1)	$	1,850	$	1,850	$	—	$	—
Other investments:
Corporate bonds	1		—		—		1
Government bonds	6		—		6		—
Equity investments	11		6		5		—
Derivatives:
Interest rate contracts	—		—		—		—
Foreign exchange contracts	46		—		46		—
Liabilities:
Derivatives:
Foreign exchange contracts	58		—		58		—

  ______________________________________________

(1)  Includes $1,850 million of money market funds that are classified as Fiduciary assets, Short-term investments or Cash and cash equivalents in the Condensed Consolidated Statements of Financial Position, depending on their nature and initial maturity. 

Schedule of financial instruments where the carrying amounts and fair values differ

The fair value of Long-term debt is classified as Level 2 of the fair value hierarchy. The following table discloses the Company's financial instruments where the carrying amounts and fair values differ (in millions):

	September 30, 2015				December 31, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt	$	4,799	$	5,060	$	4,799	$	5,268