Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments

Balance Sheet Classification of derivative instruments

					Fair Value of									Maximum
	Notional Amount					Hedge Assets				Hedge Liabilities				Maturity Date
	2018		2017			2018		2017		2018		2017		2018		2017
Derivatives designated as hedging instruments:
Commodity forward contracts	$	21	$	30		$	1	$	3	$	—	$	13		various		various
Interest rate swaps (fair value hedges)	€	725	€	725			6		6		1		10		2024		2024
Cash flow hedges of foreign exchange risk	$	587	$	310			10		4		1				various		various
Interest rate swaps (cash flow hedges)	$	180													2020
Net investment hedges	€	160					6				8				2020
Total derivatives accounted for as hedges						$	23	$	13	$	10	$	23
Derivatives not designated as hedges:
Foreign exchange derivative contracts	$	470	$	460			2		4		2		1		various		various
Total derivatives						$	25	$	17	$	12	$	24
Current						$	19	$	14	$	3	$	—
Noncurrent							6		3		9		24
Total derivatives						$	25	$	17	$	12	$	24

Effects of derivative instruments on the results of operations

	Gain (Loss) Recognized in OCI (Effective Portion)						Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1)
Derivatives designated as hedging instruments:	2018		2017		2016		2018		2017		2016
Cash Flow Hedges
Commodity forward contracts (a)	$	(6)	$	6	$	7	$	1	$	-	$	-
Cash flow hedges of foreign exchange risk (b)		12						9
Cash flow hedges of interest rate risk (c)		(1)
Net Investment Hedges
Net Investment Hedges		5						1
	$	10	$	6	$	7	$	11	$	—	$	—
	Amount of Gain (Loss) Recognized in Other income (expense), net
Derivatives not designated as hedges:	2018		2017		2016
Foreign exchange derivative contracts	$	1	$	10	$	6
(1) Gains and losses reclassified from accumulated OCI and recognized in income are recorded to (a) cost of goods sold, (b) other expense, net or (c) interest expense, net.