Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Assets and Liabilities at Fair Value

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheet at December 31:

	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	$	11	$	9	$	11	$	9	$	—	$	—	$	—	$	—
Foreign Exchange Contracts	4		41		—		—		4		41		—		—
Total Assets at Fair Value	$	15	$	50	$	11	$	9	$	4	$	41	$	—	$	—
Liabilities:
Foreign Exchange Contracts	$	19	$	18	$	—	$	—	$	19	$	18	$	—	$	—
Total Liabilities at Fair Value	$	19	$	18	$	—	$	—	$	19	$	18	$	—	$	—

Supplemental Fair Value Information

The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding capital leases, at December 31:

	December 31,		December 31,
(In millions)	2017		2016
Fixed Rate Debt(1):
Carrying amount — liability	$	3,616	$	3,514
Fair value — liability	3,786		3,669
Variable Rate Debt(1):
Carrying amount — liability	$	1,811	$	1,679
Fair value — liability	1,811		1,678

(1) Excludes notes payable and overdrafts of $262 million and $245 million at December 31, 2017 and 2016, respectively, of which $110 million and $123 million, respectively, are at fixed rates and $152 million and $122 million, respectively, are at variable rates.  The carrying value of notes payable and overdrafts approximates fair value due to the short term nature of the facilities.