Fair Value Measurements And Disclosure (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures

Long-term debt and other financial instruments [Table Text Block]

		September 30, 2019				December 31, 2018
		Carrying		Fair		Carrying		Fair
		Amount		Value		Amount		Value
Notes and debentures1		$	160,758	$	180,801	$	171,529	$	172,287
Commercial paper			2,439		2,439		3,048		3,048
Bank borrowings			4		4		4		4
Investment securities2			3,599		3,599		3,409		3,409
1	Includes credit agreement borrowings.
2	Excludes investments accounted for under the equity method.

Fair Value Leveling [Table Text Block]

	September 30, 2019
	Level 1		Level 2		Level 3		Total
Equity Securities
Domestic equities	$	781	$	-	$	-	$	781
International equities		171		-		-		171
Fixed income equities		227		-		-		227
Available-for-Sale Debt Securities		-		1,380		-		1,380
Asset Derivatives
Interest rate swaps		-		2		-		2
Cross-currency swaps		-		70		-		70
Foreign exchange contracts		-		81		-		81
Liability Derivatives
Cross-currency swaps		-		(4,553)		-		(4,553)
Interest rate locks		-		(225)		-		(225)
Foreign exchange contracts		-		(2)		-		(2)

	December 31, 2018
	Level 1		Level 2		Level 3		Total
Equity Securities
Domestic equities	$	1,061	$	-	$	-	$	1,061
International equities		256		-		-		256
Fixed income equities		172		-		-		172
Available-for-Sale Debt Securities		-		870		-		870
Asset Derivatives
Cross-currency swaps		-		472		-		472
Foreign exchange contracts		-		87		-		87
Liability Derivatives
Interest rate swaps		-		(39)		-		(39)
Cross-currency swaps		-		(2,563)		-		(2,563)
Foreign exchange contracts		-		(2)		-		(2)

Unrealized Gain (Loss) on Investments [Table Text Block]

	Three months ended				Nine months ended
	September 30,				September 30,
	2019		2018		2019		2018
Total gains (losses) recognized on equity securities	$	21	$	80	$	231	$	88
Gains (Losses) recognized on equity securities sold		8		(2)		101		(4)
Unrealized gains (losses) recognized on equity securities held at end of period		13		82		130		92

Notional Amount of Outstanding Derivative Positions [Table Text Block]

	September 30,		December 31,
	2019		2018
Interest rate swaps	$	853	$	3,483
Cross-currency swaps		42,792		42,192
Interest rate locks		3,500		-
Foreign exchange contracts		473		2,094
Total	$	47,618	$	47,769

Effect on Derivatives on the Consolidated Statements of Income [Table Text Block]

Effect of Derivatives on the Consolidated Statements of Income
	Three months ended				Nine months ended
	September 30,				September 30,
Fair Value Hedging Relationships	2019		2018		2019		2018
Interest rate swaps (Interest expense):
Gain (Loss) on interest rate swaps	$	-	$	2	$	59	$	(60)
Gain (Loss) on long-term debt		-		(2)		(59)		60

	Three months ended				Nine months ended
	September 30,				September 30,
Cash Flow Hedging Relationships	2019		2018		2019		2018
Cross-currency swaps:
Gain (Loss) recognized in accumulated OCI	$	(487)	$	(13)	$	(1,082)	$	308
Foreign exchange contracts:
Gain (Loss) recognized in accumulated OCI		5		17		2		17
Other income (expense) - net reclassified from accumulated OCI into income		6		-		16		-
Interest rate locks:
Gain (Loss) recognized in accumulated OCI		(202)		-		(225)		-
Interest income (expense) reclassified from accumulated OCI into income		(15)		(15)		(47)		(44)