Derivative Instuments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities [Abstract]

Fair Value Of Derivatives Not Designated As Hedging Instruments

	March 31, 2013				December 31, 2012
	Assets		Liabilities		Assets		Liabilities
	(In millions)				(In millions)
FX Contracts	$	181	$	126	$	170	$	215
Interest Contracts		1		-		1		-
Commodity Contracts		2,209		2,250		2,504		2,376
Total	$	2,391	$	2,376	$	2,675	$	2,591

Pre-Tax Gains (Losses) On Derivatives Not Designated As Hedging Instruments

	Three Months Ended
	March 31,
	2013		2012
	(In millions)
Interest Contracts
Interest expense	$	0	$	0
Other income (expense) - net		0		-
FX Contracts
Net sales and other operating income	$	73	$	9
Cost of products sold		(1)		30
Other income (expense) - net		(45)		141
Commodity Contracts
Cost of products sold	$	68	$	(232)
Total gain (loss) recognized in earnings	$	95	$	(52)

Fair Value Of Derivatives Designated As Hedging Instruments

	March 31, 2013				December 31, 2012
	Assets		Liabilities		Assets		Liabilities
	(In millions)				(In millions)
Commodity Contracts	$	1	$	0	$	1	$	0
Total	$	1	$	0	$	1	$	0

Pre-Tax Gains (Losses) On Derivatives Designated As Hedging Instruments

		Three Months Ended
	Consolidated Statement of	March 31,
	Earnings Locations	2013		2012
		(In millions)
Effective amounts recognized in earnings
FX Contracts	Other income/expense – net	$	0	$	0
Interest Contracts	Interest expense		0		0
Commodity Contracts	Cost of products sold		(2)		(3)
	Net sales and other operating income		(1)		(10)
Ineffective amount recognized in earnings
Interest contracts	Interest expense		-		-
Commodity contracts	Cost of products sold		(42)		(27)
Total amount recognized in earnings		$	(45)	$	(40)

Schedule Of Changes In Accumulated Other Comprehensive Income Related To Derivative Gains (Losses)

	Three months ended
	March 31,
	2013		2012
	(In millions)
Balance at December 31, 2012 and 2011	$	4	$	30
Unrealized gains (losses)		9		(54)
Losses (gains) reclassified to earnings		3		13
Tax effect		(5)		15
Balance at March 31, 2013 and 2012	$	11	$	4