Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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				September 30, 2013		Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	377	$	―	$	377	$	―
		Foreign government agency securities			131		―		131		―
		Corporate debt securities			732		―		732		―
		Certificates of deposit/time deposits			68		―		68		―
		Commercial paper			60		―		60		―
		Asset-backed securities:
			Automobile loan related		738		―		738		―
			Credit card related		166		―		166		―
			Equipment lease related		85		―		85		―
			Other		60		―		60		―
		U.S. treasury securities			89		89		―		―
		U.S. municipal securities			2		―		2		―
		Auction rate securities			10		―		―		10
	Investments				3		3		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				77		77		―		―
	Interest rate swap contracts				12		―		12		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				68		68		―		―
	Commodity price swap contracts				2		2		―		―

				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				Nine months ended
(Millions)		September 30,				September 30,
Marketable securities – auction rate securities only		2013		2012		2013		2012
Beginning balance		$	10	$	4	$	7	$	4
Total gains or losses:
	Included in earnings		―		―		―		―
	Included in other comprehensive income		―		2		3		2
Purchases, issuances, and settlements			―		―		―		―
Transfers in and/or out of Level 3			―		―		―		―
Ending balance			10		6		10		6
Change in unrealized gains or losses for the period included in
	earnings for securities held at the end of the reporting period		―		―		―		―

Fair Value of Financial Instruments by Balance Sheet Grouping

		September 30, 2013					December 31, 2012
		Carrying		Fair		Carrying		Fair
(Millions)		Value		Value		Value		Value
Eurobond securities (long-term in 2012 and short-term
	at September 30, 2013)	$	1,404	$	1,435	$	1,383	$	1,443
Long-term debt, excluding current portion and Eurobond
	securities		3,533		3,695		3,533		3,920