Fair Value Measurements (Notes)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

FAIR VALUE MEASUREMENTS

Cash equivalents, marketable securities, and derivative financial instruments are remeasured and presented on our financial statements on a recurring basis at fair value, while other assets and liabilities are measured at fair value on a nonrecurring basis.

There have been no changes to the types of inputs used or the valuation techniques since year end.

Input Hierarchy of Items Measured at Fair Value on a Recurring Basis

The following table categorizes the fair values of items measured at fair value on a recurring basis on our balance sheet (in millions):

	June 30, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Automotive Sector
Assets
Cash equivalents – financial instruments
U.S. government and agencies	$	—	$	8	$	—	$	8	$	—	$	64	$	—	$	64
Non-U.S. government and agencies	—		249		—		249		—		122		—		122
Corporate debt	—		10		—		10		—		20		—		20
Total cash equivalents (a)	—		267		—		267		—		206		—		206
Marketable securities
U.S. government and agencies	846		3,706		—		4,552		969		5,789		—		6,758
Non-U.S. government and agencies	—		6,068		—		6,068		—		7,004		—		7,004
Corporate debt	—		3,617		—		3,617		—		2,738		—		2,738
Equities	15		—		—		15		322		—		—		322
Other marketable securities	—		347		—		347		—		313		—		313
Total marketable securities	861		13,738		—		14,599		1,291		15,844		—		17,135
Derivative financial instruments (b)	—		521		—		521		—		517		—		517
Total assets at fair value	$	861	$	14,526	$	—	$	15,387	$	1,291	$	16,567	$	—	$	17,858
Liabilities
Derivative financial instruments (b)	$	—	$	991	$	1	$	992	$	—	$	710	$	3	$	713
Total liabilities at fair value	$	—	$	991	$	1	$	992	$	—	$	710	$	3	$	713
Financial Services Sector
Assets
Cash equivalents – financial instruments
Non-U.S. government and agencies	$	—	$	419	$	—	$	419	$	—	$	341	$	—	$	341
Corporate debt	—		50		—		50		—		10		—		10
Total cash equivalents (a)	—		469		—		469		—		351		—		351
Marketable securities
U.S. government and agencies	669		700		—		1,369		17		1,251		—		1,268
Non-U.S. government and agencies	—		630		—		630		—		405		—		405
Corporate debt	—		1,780		—		1,780		—		1,555		—		1,555
Other marketable securities	—		27		—		27		—		30		—		30
Total marketable securities	669		3,137		—		3,806		17		3,241		—		3,258
Derivative financial instruments (b)	—		823		—		823		—		859		—		859
Total assets at fair value	$	669	$	4,429	$	—	$	5,098	$	17	$	4,451	$	—	$	4,468
Liabilities
Derivative financial instruments (b)	$	—	$	378	$	—	$	378	$	—	$	167	$	—	$	167
Total liabilities at fair value	$	—	$	378	$	—	$	378	$	—	$	167	$	—	$	167

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(a) Excludes time deposits, certificates of deposit, money market accounts, and other cash equivalents reported at par value on our balance sheet totaling $4.6 billion and $3.3 billion for Automotive sector and $3.9 billion and $3.8 billion for Financial Services sector at June 30, 2015 and December 31, 2014, respectively. In addition to these cash equivalents, we also had cash on hand totaling $1.2 billion and $1.1 billion for Automotive sector and $2.4 billion and $2 billion for Financial Services sector at June 30, 2015 and December 31, 2014, respectively.

(b) See Note 12 for additional information regarding derivative financial instruments.