Financial Risk Management Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Gross Notional Volumes of Financial Risk Management Derivative Contracts Outstanding

The gross volumes of the financial risk management derivative contracts outstanding at December 31, were as follows:

	2015		2014
Foreign exchange (millions of USD)	$	967	$	1,189
Interest rate swaps (millions of USD)	$	1,300	$	1,300

Gross and Net Fair Values of Financial Risk Management Derivative Instruments

The table below reflects the gross and net fair values of the risk management derivative instruments, all of which are based on Level 2 inputs:

	Accounts Receivable			Accounts Payable
	(In millions)
December 31, 2015
Derivative contracts designated as hedging instruments
Interest rate	$	3		$	—
Total derivative contracts designated as hedging instruments		3			—
Derivative contracts not designated as hedging instruments
Foreign exchange		19			(3	)
Total derivative contracts not designated as hedging instruments		19			(3	)
Gross fair value of derivative contracts		22			(3	)
Master netting arrangements		(3	)		3
Net fair value of derivative contracts	$	19		$	—
December 31, 2014
Derivative contracts designated as hedging instruments
Interest rate	$	39		$	—
Total derivative contracts designated as hedging instruments		39			—
Derivative contracts not designated as hedging instruments
Foreign exchange		29			—
Total derivative contracts not designated as hedging instruments		29			—
Gross fair value of derivative contracts		68			—
Net fair value of derivative contracts	$	68		$	—