Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2015

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 not designated as hedging instruments as of March 31, 2015 and December 31, 2014.

	March 31, 2015				December 31, 2014
	Assets		Liabilities		Assets		Liabilities
	(In millions)				(In millions)
FX Contracts	$	211	$	288	$	186	$	150
Commodity Contracts	605		629		690		776
Total	$	816	$	917	$	876	$	926

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 months ended March 31, 2015 and 2014.

	Three months ended March 31,
	2015			2014
	(In millions)
FX Contracts
Revenues	$	20		$	(6	)
Cost of products sold	(69		)	44
Other income (expense) – net	(23		)	(9		)
Commodity Contracts
Cost of products sold	$	238		$	(912	)
Total gain (loss) recognized in earnings	$	166		$	(883	)

The following table sets forth the fair value of derivatives designated as hedging instruments as of March 31, 2015 and December 31, 2014.

	March 31, 2015				December 31, 2014
	Assets		Liabilities		Assets		Liabilities
	(In millions)				(In millions)
Interest Contracts	$	33	$	—	$	21	$	—
Total	$	33	$	—	$	21	$	—

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 months ended March 31, 2015 and 2014.

		Three months ended
	Consolidated Statement of Earnings Locations	March 31,
		2015			2014
		(In millions)
Effective amounts recognized in earnings
FX Contracts	Other income/expense – net	$	17		$	—
Commodity Contracts	Cost of products sold	—			(4		)
	Revenues	47			(27		)
Ineffective amount recognized in earnings
Commodity Contracts	Revenues	7			(23		)
	Cost of products sold	(13		)	20
Total amount recognized in earnings		$	58		$	(34	)

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 months ended March 31, 2015 and 2014.

	Three months ended
	March 31,
	2015			2014
	(In millions)
Balance at December 31, 2014 and 2013	$	47		$	5
Unrealized gains (losses)	8			(128		)
Losses (gains) reclassified to earnings	(64		)	31
Tax effect	21			33
Balance at March 31, 2015 and 2014	$	12		$	(59	)