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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2017
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, 2017 and December 31, 2016:
 
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)
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments
$
10

 
$
9

 
$
10

 
$
9

 
$
—

 
$
—

 
$
—

 
$
—

Foreign Exchange Contracts
6

 
41

 
—

 
—

 
6

 
41

 
—

 
—

Total Assets at Fair Value
$
16

 
$
50

 
$
10

 
$
9

 
$
6

 
$
41

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign Exchange Contracts
$
20

 
$
18

 
$
—

 
$
—

 
$
20

 
$
18

 
$
—

 
$
—

Total Liabilities at Fair Value
$
20

 
$
18

 
$
—

 
$
—


$
20

 
$
18

 
$
—

 
$
—
Supplemental Fair Value Information About 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, 2017 and December 31, 2016.
 
September 30,
 
December 31,
(In millions)
2017
 
2016
Fixed Rate Debt:
 
 
 
Carrying amount — liability
$
3,580

 
$
3,514

Fair value — liability
3,779

 
3,669

 
 
 
 
Variable Rate Debt:
 
 
 
Carrying amount — liability
$
2,495

 
$
1,679

Fair value — liability
2,477

 
1,678