Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018 and March 31, 2017 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	2018		2017
Other expense, net	$	—	$	—

Schedule of selected information relating to fair value swaps

	Amount Hedged		Receive Rate		Average Spread
Senior Notes due 2024	€	725	3.125	%	2.6	%

Balance Sheet Classification of derivative instruments

	Fair Value
	Balance Sheet	March 31,		December 31,		March 31,
	Location	2018		2017		2017
Asset Derivatives:
Derivatives designated as hedging instruments:
Commodity futures contracts	b	$	4	$	3	$	2
Interest rate swaps designated as fair value hedges	a		4		6
Hedges of multiple risks designated as cash flow hedges	a		6		4
Derivatives not designated as hedging instruments:
Foreign exchange derivative contracts	a		4		4		5
Total asset derivatives		$	18	$	17	$	7
Liability Derivatives:
Derivatives designated as hedging instruments:
Commodity futures contracts	c	$	—	$	—	$	1
Interest rate swaps designated as fair value hedges	d		15		13
Hedges of multiple risks designated as cash flow hedges	d		26		10
Derivatives not designated as hedging instruments:
Foreign exchange derivative contracts	d		1		1		2
Total liability derivatives		$	42	$	24	$	3

Commodity forwards contracts

Effect of derivative on the results of operations

The effect of the commodity forward contracts on the results of operations for the three months ended March 31, 2018 and March 31, 2017 is as follows:

				Amount of gain (loss) Reclassified from
Amount of gain (loss) Recognized in OCI on				Accumulated OCI into Income
Commodity Forward Contracts				(reported in cost of goods sold)
(Effective Portion)				(Effective Portion)
2018		2017		2018		2017
$	1	$	6	$	—	$	—

Cross-currency interest rate swap

Effect of derivative on the results of operations

The effect of the cross-currency interest rate swaps on the results of operations for the three months ended March 31, 2018 is as follows:

		Amount of gain (loss) Reclassified from
Amount of gain (loss) Recognized in OCI on		Accumulated OCI into Income
Hedges of Multiple Risks		(reported in Other expense, net)
(Effective Portion)		(Effective Portion)
$	(13)	$	(8)