Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

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)	2018		2017		2018		2017		2018		2017		2018		2017
Assets:
Investments	$	10	$	11	$	10	$	11	$	—	$	—	$	—	$	—
Foreign Exchange Contracts	18		4		—		—		18		4		—		—
Total Assets at Fair Value	$	28	$	15	$	10	$	11	$	18	$	4	$	—	$	—
Liabilities:
Foreign Exchange Contracts	$	7	$	19	$	—	$	—	$	7	$	19	$	—	$	—
Total Liabilities at Fair Value	$	7	$	19	$	—	$	—	$	7	$	19	$	—	$	—

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)	2018		2017
Fixed Rate Debt(1):
Carrying amount — liability	$	3,609	$	3,616
Fair value — liability	3,443		3,786
Variable Rate Debt(1):
Carrying amount — liability	$	1,707	$	1,811
Fair value — liability	1,689		1,811

(1) Excludes notes payable and overdrafts of $410 million and $262 million at December 31, 2018 and 2017, respectively, of which $230 million and $110 million, respectively, are at fixed rates and $180 million and $152 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.