Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments

Effect of commodity forward contracts designated as cash flow hedges on the results of operations

The effect of the commodity forward contracts on the results of operations for the three months ended September 30, 2017 and 2016 is as follows:

				Amount of Gain (Loss) Reclassified from
Amount of  (Loss) Recognized in OCI on				Accumulated OCI into Income
Commodity Forward Contracts				(reported in cost of goods sold)
(Effective Portion)				(Effective Portion)
2017		2016		2017		2016
$	(1)	$	(1)	$	—	$	—

The effect of the commodity forward contracts on the results of operations for the nine months ended September 30, 2017 and 2016 is as follows:

				Amount of Gain (Loss) Reclassified from
Amount of Gain Recognized in OCI on				Accumulated OCI into Income
Commodity Forward Contracts				(reported in cost of goods sold)
(Effective Portion)				(Effective Portion)
2017		2016		2017		2016
$	3	$	2	$	—	$	—

Effect of the foreign exchange contracts not designated as hedging instruments on the results of operations

The effect of the foreign exchange derivative contracts on the results of operations for the three months ended September 30, 2017 and 2016 is as follows:

	Amount of Gain (Loss)
Location of Gain (Loss)	Recognized in Income on
Recognized in Income on	Foreign Exchange Contracts
Foreign Exchange Contracts	2017		2016
Other expense	$	(2)	$	4

The effect of the foreign exchange derivative contracts on the results of operations for the nine months ended September 30, 2017 and 2016 is as follows:

	Amount of Gain
Location of Gain	Recognized in Income on
Recognized in Income on	Foreign Exchange Contracts
Foreign Exchange Contracts	2017		2016
Other expense	$	4	$	6

Schedule of selected information relating to fair value swaps

	Amount Hedged		Receive Rate		Average Spread
Senior Notes due 2024	€	400	3.125	%	2.5	%

Balance Sheet Classification of derivative instruments

	Fair Value
	Balance Sheet	September 30,		December 31,		September 30,
	Location	2017		2016		2016
Asset derivatives:
Derivatives designated as hedging instruments:
Commodity futures contracts	b	$	1	$	6	$	2
Interest rate swaps designated as fair value hedges	a		2
Derivatives not designated as hedging instruments:
Foreign exchange derivative contracts	a		2		9		8
Total asset derivatives		$	5	$	15	$	10
Liability derivatives:
Derivatives designated as hedging instruments:
Commodity futures contracts	c	$	1	$	—	$	—
Interest rate swaps designated as fair value hedges	d		5
Derivatives not designated as hedging instruments:
Foreign exchange derivative contracts	c		3		5		2
Total liability derivatives		$	9	$	5	$	2