Financial Instruments, Hedging Activities and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value, Cash Flow and Net Investment Hedges

The following tables summarize the location and amount of gains (losses) related to derivative and debt financial instruments for the years ended December 31, 2015, 2014 and 2013. All dollar amounts are shown on a pre-tax basis.

	December 31, 2015
Hedge Type ($ in millions)		Gain Deferred in OCI		Gain (Loss) Recognized
				Amount			Caption
Fair Value
	Foreign currency forward contracts	Not applicable		$	(2	)	Sales
	Equity forward arrangements	Not applicable		(44		)	Asbestos - net
	Total Fair Value			$	(46	)
Cash Flow
	Foreign currency forward contracts (a)	57		50			Other charges
	Total Cash Flow	$	57	$	50
Net Investment
	Cross currency swaps	$	77				Other charges
	Foreign denominated debt	85					Other charges
	Foreign currency forward contracts	19					Other charges
	Total Net Investment	$	181
Economic
	Foreign currency forward contracts			$	18		Other charges

(a) The ineffective portion related to this item was $7 million of expense.

	December 31, 2014
Hedge Type ($ in millions)		Gain Deferred in OCI		Gain (Loss) Recognized
				Amount			Caption
Fair Value
	Foreign currency forward contracts	Not applicable		$	1		Sales
	Equity forward arrangements	Not applicable		60			Asbestos - net
	Total Fair Value			$	61
Cash Flow
	Forward starting swaps	$	—	$	(104	)	Interest expense
	Foreign currency forward contracts(a)	51		47			Other charges
	Total Cash Flow	$	51	$	(57	)
Net Investment
	Cross currency swaps	$	81				Other charges
	Foreign denominated debt	75					Other charges
	Foreign currency forward contracts	48					Other charges
	Total Net Investment	$	204

(a) The ineffective portion related to this item was $7 million of expense.

	December 31, 2013
Hedge Type ($ in millions)		Gain (Loss) Deferred in OCI			Gain (Loss) Recognized
					Amount			Caption
Fair Value
	Foreign currency forward contracts	Not applicable			$	1		Sales
	Equity forward arrangements	Not applicable			77			Asbestos - net
	Total Fair Value				$	78
Cash Flow
	Forward starting swaps	$	—		$	(12	)	Interest expense
	Foreign currency forward contracts(a)	33			33			Other charges
	Total Cash Flow	$	33		$	21
Net Investment
	Cross currency swaps	$	(28	)				Other charges
	Foreign denominated debt	(16		)				Other charges
	Total Net Investment	$	(44	)