Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Measurements

Fair Value, Assets and Liabilities Measured on Recurring Basis

						Fair Value Measurements
(Millions)				Fair Value at		Using Inputs Considered as
Description				March 31, 2013		Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	532	$	―	$	532	$	―
		Foreign government agency securities			92		―		92		―
		Corporate debt securities			776		―		776		―
		Certificates of deposit/time deposits			62		―		62		―
		Commercial paper			95		―		95		―
		Asset-backed securities:
			Automobile loan related		985		―		985		―
			Credit card related		143		―		143		―
			Equipment lease related		97		―		97		―
			Other		27		―		27		―
		U.S. treasury securities			56		56		―		―
		U.S. municipal securities			28		―		28		―
		Auction rate securities			7		―		―		7
	Investments				3		3		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				73		73		―		―
	Commodity price swap contracts				2		2		―		―
	Interest rate swap contracts				18		―		18		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				86		86		―		―

				Fair Value at		Fair Value Measurements
(Millions)				December 31, 2012		Using Inputs Considered as
Description							Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	287	$	―	$	287	$	―
		Foreign government agency securities			67		―		67		―
		Corporate debt securities			965		―		965		―
		Certificates of deposit/time deposits			41		―		41		―
		Commercial paper			116		―		116		―
		Asset-backed securities:
			Automobile loan related		942		―		942		―
			Credit card related		157		―		157		―
			Equipment lease related		90		―		90		―
			Other		39		―		39		―
		U.S. treasury securities			72		72		―		―
		U.S. municipal securities			27		―		27		―
		Auction rate securities			7		―		―		7
	Investments				3		3		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				49		49		―		―
	Interest rate swap contracts				23		―		23		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				105		104		1		―
	Commodity price swap contracts				1		1		―		―

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

		Three months ended
(Millions)		March 31,
Marketable securities – auction rate securities only		2013		2012
Beginning balance		$	7	$	4
Total gains or losses:
	Included in earnings		―		―
	Included in other comprehensive income		―		1
Purchases, issuances, and settlements			―		―
Transfers in and/or out of Level 3			―		―
Ending balance (March 31)			7		5
Additional losses included in earnings due to reclassifications from
	other comprehensive income for:
	Securities sold during the period ended March 31		―		―
	Securities still held at March 31		―		―

Fair Value of Financial Instruments by Balance Sheet Grouping

	March 31, 2013					December 31, 2012
	Carrying		Fair		Carrying		Fair
(Millions)	Value		Value		Value		Value
Long-term debt, excluding current portion	$	4,864	$	5,282	$	4,916	$	5,363