Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Information about Assets and Liabilities Recorded at Fair Value

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheets at September 30, 2016 and December 31, 2015:

	Total Carrying Value in the Consolidated Balance Sheet				Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
(In millions)	2016		2015		2016		2015		2016		2015		2016		2015
Assets:
Investments	$	9	$	7	$	9	$	7	$	—	$	—	$	—	$	—
Foreign Exchange Contracts	10		15		—		—		10		15		—		—
Total Assets at Fair Value	$	19	$	22	$	9	$	7	$	10	$	15	$	—	$	—
Liabilities:
Foreign Exchange Contracts	$	16	$	11	$	—	$	—	$	16	$	11	$	—	$	—
Total Liabilities at Fair Value	$	16	$	11	$	—	$	—	$	16	$	11	$	—	$	—

Fair Value of Long-term Fixed Rate and Variable Rate Debt Excluding Capital Leases

The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding capital leases, at September 30, 2016 and December 31, 2015. Long term debt with a fair value of $4,058 million and $4,291 million at September 30, 2016 and December 31, 2015, respectively, was estimated using quoted Level 1 market prices.  The carrying value of the remaining long term debt approximates fair value since the terms of the financing arrangements are similar to terms that could be obtained under current lending market conditions.

	September 30,		December 31,
(In millions)	2016		2015
Fixed Rate Debt:
Carrying amount — liability	$	3,540	$	3,844
Fair value — liability	3,737		4,018
Variable Rate Debt:
Carrying amount — liability	$	2,265	$	1,767
Fair value — liability	2,255		1,765