Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table sets forth the fair value of derivatives designated as hedging instruments as of September 30, 2013 and December 31, 2012.

	September 30, 2013				December 31, 2012
	Assets		Liabilities		Assets		Liabilities
	(In millions)				(In millions)
Commodity Contracts	$	—	$	—	$	1	$	0
Interest Contracts	0		0		—		—
Total	$	0	$	0	$	1	$	0

The following tables set forth the pre-tax gains (losses) on derivatives designated as hedging instruments that have been included in the consolidated statements of earnings for the three and nine months ended September 30, 2013 and 2012.

		Three months ended
	Consolidated Statement of Earnings Locations	September 30,
		2013			2012
		(In millions)
Effective amounts recognized in earnings
FX Contracts	Other income/expense – net	$	0		$	(1	)
Interest Contracts	Interest expense	1			0
Commodity Contracts	Cost of products sold	(2		)	89
	Net sales and other operating income	(2		)	—
Ineffective amount recognized in earnings
Commodity Contracts	Cost of products sold	(73		)	(18		)
Total amount recognized in earnings		$	(76	)	$	70

		Nine months ended
	Consolidated Statement of Earnings Locations	September 30,
		2013			2012
		(In millions)
Effective amounts recognized in earnings
FX Contracts	Other income/expense – net	$	0		$	(1	)
Interest Contracts	Interest expense	1			1
Commodity Contracts	Cost of products sold	(7		)	83
	Net sales and other operating income	3			(5		)
Ineffective amount recognized in earnings
Commodity Contracts	Cost of products sold	(128		)	(8		)
Total amount recognized in earnings		$	(131	)	$	70

The following table sets forth the fair value of derivatives not designated as hedging instruments as of September 30, 2013 and December 31, 2012.

	September 30, 2013				December 31, 2012
	Assets		Liabilities		Assets		Liabilities
	(In millions)				(In millions)
FX Contracts	$	233	$	201	$	170	$	215
Interest Contracts	1		—		1		—
Commodity Contracts	2,374		2,561		2,504		2,376
Total	$	2,608	$	2,762	$	2,675	$	2,591

The following tables set forth the pre-tax gains (losses) on derivatives not designated as hedging instruments that have been included in the consolidated statements of earnings for the three and nine months ended September 30, 2013 and 2012.

	Three months ended September 30,
	2013			2012
	(In millions)
Interest Contracts
Interest expense	$	0		$	0
Other income (expense) – net	1			—
FX Contracts
Net sales and other operating income	$	(3	)	$	51
Cost of products sold	29			4
Other income (expense) – net	85			(76		)
Commodity Contracts
Cost of products sold	$	(3	)	$	(436	)
Other Contracts
Other income (expense) - net	$	—		$	(4	)
Total gain (loss) recognized in earnings	$	109		$	(461	)

	Nine months ended September 30,
	2013			2012
	(In millions)
Interest Contracts
Interest expense	$	0		$	0
Other income (expense) – net	1			—
FX Contracts
Net sales and other operating income	$	106		$	135
Cost of products sold	(58		)	(135		)
Other income (expense) – net	30			(28		)
Commodity Contracts
Cost of products sold	$	204		$	(959	)
Other Contracts
Other income (expense) - net	$	—		$	(5	)
Total gain (loss) recognized in earnings	$	283		$	(992	)

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

The following tables set forth the changes in AOCI related to derivatives gains (losses) for the three and nine months ended September 30, 2013 and 2012.

	Three months ended
	September 30,
	2013			2012
	(In millions)
Balance at June 30, 2013 and 2012	$	6		$	50
Unrealized gains (losses)	13			142
Losses (gains) reclassified to earnings	3			(88		)
Tax effect	(7		)	(18		)
Balance at September 30, 2013 and 2012	$	15		$	86

	Nine months ended
	September 30,
	2013			2012
	(In millions)
Balance at December 31, 2012 and 2011	$	4		$	30
Unrealized gains (losses)	15			164
Losses (gains) reclassified to earnings	3			(77		)
Tax effect	(7		)	(31		)
Balance at September 30, 2013 and 2012	$	15		$	86