Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table categorizes the fair values of items measured at fair value on a recurring basis on our balance sheet, none of which are Level 3 (in millions):

	September 30, 2013						December 31, 2012
	Level 1		Level 2		Total		Level 1		Level 2		Total
Assets
Cash equivalents - financial instruments
U.S. government	$	—	$	—	$	—	$	200	$	—	$	200
U.S. government-sponsored enterprises	—		—		—		—		20		20
Corporate debt	—		—		—		—		1		1
Non-U.S. government	—		66		66		—		103		103
Total cash equivalents - financial instruments (a)	—		66		66		200		124		324
Marketable securities
U.S. government	611		—		611		620		—		620
U.S. government-sponsored enterprises	—		457		457		—		12		12
Non-U.S. government agencies	—		4		4		—		95		95
Corporate debt	—		1,228		1,228		—		1,155		1,155
Mortgage-backed and other asset-backed	—		46		46		—		67		67
Non-U.S. government	—		59		59		—		142		142
Other liquid investments (b)	—		—		—		—		15		15
Total marketable securities	611		1,794		2,405		620		1,486		2,106
Derivative financial instruments
Interest rate contracts	—		853		853		—		1,247		1,247
Foreign currency exchange contracts	—		12		12		—		9		9
Cross-currency interest rate swap contracts	—		—		—		—		—		—
Total derivative financial instruments	—		865		865		—		1,256		1,256
Total assets at fair value	$	611	$	2,725	$	3,336	$	820	$	2,866	$	3,686
Liabilities
Derivative financial instruments
Interest rate contracts	$	—	$	319	$	319	$	—	$	256	$	256
Foreign currency exchange contracts	—		65		65		—		27		27
Cross-currency interest rate swap contracts	—		171		171		—		117		117
Total derivative financial instruments	—		555		555		—		400		400
Total liabilities at fair value	$	—	$	555	$	555	$	—	$	400	$	400

__________

(a) Excludes time deposits, certificates of deposit, and money market accounts reported at par value on our balance sheet totaling $4.5 billion and $6.3 billion at September 30, 2013 and December 31, 2012, respectively. In addition to these cash equivalents, we also had cash on hand totaling $4.5 billion and $2.6 billion at September 30, 2013 and December 31, 2012, respectively.

(b) Includes certificates of deposit and time deposits subject to changes in value.

Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Text Block]

The following table summarizes Level 3 changes for the derivative features included in the FUEL notes which were measured at fair value and reported on our balance sheet for the periods ended September 30, 2012 (in millions):

	Third Quarter		First Nine Months
	2012		2012
Beginning balance	$	—	$	137
Realized/unrealized gains/(losses) (a)	—		(81		)
Settlements (b)	—		(56		)
Ending balance	$	—	$	—
Unrealized gains/(losses) on instruments still held	$	—	$	—

__________

(a) Reported in Other income, net.

(b) Reflects exchange of the FUEL notes to unsecured notes.

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

The following table summarizes the items measured at fair value subsequent to initial recognition on a nonrecurring basis, all of which are Level 3 (in millions):

	September 30, 2013		December 31, 2012
North America
Retail receivables	$	36	$	52
Dealer loans	—		2
Total North America	$	36	$	54
International
Retail receivables	$	23	$	26

Schedule of Nonrecurring Fair Value Changes [Table Text Block]

The following table summarizes the total change in value of items for which a nonrecurring fair value adjustment has been included in our income statement for the periods ended September 30, related to items still held on our balance sheet at those dates (in millions):

	Total Gains/(Losses)
	Third Quarter						First Nine Months
	2013			2012			2013			2012
North America
Retail receivables	$	(6	)	$	(6	)	$	(17	)	$	(14	)
Dealer loans	—			—			—			—
Total North America	$	(6	)	$	(6	)	$	(17	)	$	(14	)
International
Retail receivables	$	(2	)	$	(6	)	$	(7	)	$	(11	)

Fair Value Inputs Quantitative Information [Table Text Block]

The following table summarizes significant unobservable inputs and the variability of those inputs to alternate methodologies (in millions):

			September 30, 2013		December 31, 2012
	Valuation Technique	Unobservable Input	Fair Value	Fair Value Range	Fair Value	Fair Value Range
Nonrecurring basis
Retail receivables
North America	Income Approach	POD percentage	$36	$23 - $36	$52	$38 - $52
International	Income Approach	ARV percentage	$23	$23 - $24	$26	$25 - $27
Dealer loans	Income Approach	Estimated fair value	$—	$—	$2	$1 - $3