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Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Income Effect of Derivative Instruments [Table Text Block]
The gains/(losses), by hedge designation, recorded in income for the periods ended June 30 were as follows (in millions):
 
Second Quarter
 
First Half
 
2016
 
2015
 
2016
 
2015
Cash flow hedges (a)
 
 
 
 
 
 
 
Reclassified from AOCI to net income
$
46

 
$
(90
)
 
$
133

 
$
(136
)
Fair value hedges
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
Net interest settlements and accruals excluded from the assessment of hedge effectiveness
98

 
89

 
197

 
177

Ineffectiveness (b)
5

 
(10
)
 
22

 
(4
)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
Foreign currency exchange contracts
171

 
(181
)
 
32

 
145

Cross-currency interest rate swap contracts
140

 
(77
)
 
335

 
12

Interest rate contracts
(43
)
 
(18
)
 
(91
)
 
(61
)
Commodity contracts
9

 
(15
)
 
4

 
(25
)
Total
$
426

 
$
(302
)
 
$
632

 
$
108

__________
(a)
For the second quarter and first half of 2016, a $184 million gain and a $547 million gain, respectively, were recorded in Other comprehensive income. For the second quarter and first half of 2015, a $217 million loss and a $367 million loss, respectively, were recorded in Other comprehensive income.
(b)
For the second quarter and first half of 2016, hedge ineffectiveness reflects the net change in fair value on derivatives of $273 million gain and $883 million gain, respectively, and a change in value on hedged debt attributable to the change in benchmark interest rates of $268 million loss and $861 million loss, respectively. For the second quarter and first half of 2015, hedge ineffectiveness reflects the net change in fair value on derivatives of $249 million loss and $28 million loss, respectively, and a change in value on hedged debt attributable to the change in benchmark interest rates of $239 million gain and $24 million gain, respectively.
Balance Sheet Effect of Derivative Instruments [Table Text Block]
The fair value of our derivative instruments and the associated notional amounts, presented gross, were as follows (in millions):
 
June 30, 2016
 
December 31, 2015
 
Notional
 
Fair Value of
Assets
 
Fair Value of
Liabilities
 
Notional
 
Fair Value of
Assets
 
Fair Value of
Liabilities
Cash flow hedges
 
 
 
 
 
 
 
 
 
 
 
Foreign currency exchange and commodity contracts
$
14,801

 
$
740

 
$
207

 
$
12,593

 
$
522

 
$
366

Fair value hedges
 

 
 

 
 

 
 
 
 
 
 
Interest rate contracts
35,581

 
1,572

 
—

 
28,964

 
670

 
16

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Foreign currency exchange contracts
17,904

 
505

 
254

 
21,108

 
426

 
242

Cross-currency interest rate swap contracts
3,550

 
258

 
15

 
3,137

 
73

 
111

Interest rate contracts
62,637

 
173

 
185

 
62,638

 
159

 
112

Commodity contracts
548

 
15

 
6

 
643

 
2

 
26

Total derivative financial instruments, gross (a) (b)
$
135,021

 
3,263

 
667

 
$
129,083

 
1,852

 
873

Counterparty netting


 
(589
)
 
(589
)
 


 
(733
)
 
(733
)
Total derivative financial instruments, net
 
$
2,674

 
$
78

 


 
$
1,119

 
$
140


__________
(a)
At June 30, 2016 and December 31, 2015, the pledged collateral was $2 million and $0, respectively.