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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Price Risk Derivatives
 
 
Commodity derivative contracts
Commodity
 
Volume hedged March 31, 2019
Volume hedged December 31, 2018
 
Units of measure
 
Duration
Copper
 
188

257

 
Metric Tons
 
Dec - 19
Notional Amounts of Outstanding Derivative Positions
Foreign currency derivatives (in millions)
Functional currency
 
Traded currency
 
Notional in traded currency
March 31, 2019
 
Notional in traded currency
December 31, 2018
 
Ending Duration
Brazilian real
 
Euro
 
2

 
4

 
Jun - 19
Brazilian real
 
US dollar
 
3

 
5

 
Jun - 19
Chinese renminbi
 
US dollar
 
17

 

 
Dec - 19
Euro
 
Chinese renminbi
 
39

 

 
Dec - 19
Euro
 
British pound
 
10

 
7

 
Dec - 19
Euro
 
Swedish krona
 
540

 
540

 
Jun - 19
Euro
 
US dollar
 
10

 
19

 
Dec - 19
Japanese yen
 
Chinese renminbi
 
66

 
89

 
Dec - 19
Japanese yen
 
Korean won
 
4,243

 
5,785

 
Dec - 19
Japanese yen
 
US dollar
 
2

 
3

 
Dec - 19
Korean won
 
Euro
 
5

 
6

 
Dec - 19
Korean won
 
Japanese yen
 
186

 
266

 
Dec - 19
Korean won
 
US dollar
 
30

 
7

 
Dec - 19
Swedish krona
 
Euro
 
44

 
56

 
Jan - 20
US dollar
 
Euro
 
14

 

 
Jan - 20
US dollar
 
Mexican peso
 
445

 
575

 
Dec - 19
Schedule of Foreign Exchange Contracts, Statement of Financial Position
 
Cross-Currency Swaps
(in millions)
Notional
in USD
 
Notional
in Local Currency
 
Duration
Fixed $ to fixed €
$
250

 
206

 
Sep - 20
Fixed $ to fixed ¥
$
100

 
¥
10,978

 
Feb - 23
Derivatives Instruments in Statements of Financial Position
(in millions)
 
Assets
 
Liabilities
Derivatives designated as hedging instruments Under Topic 815:
 
Location
 
March 31, 2019
 
December 31, 2018
 
Location
 
March 31, 2019
 
December 31, 2018
Foreign currency
 
Prepayments and other current assets
 
$
3

 
$
2

 
Accounts payable and accrued expenses
 
$
3

 
$
2

Net investment hedges
 
Other non-current assets
 
$
21

 
$
12

 
Other non-current liabilities
 
$

 
$

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency
 
Prepayments and other current assets
 
$

 
$
1

 
Accounts payable and accrued expenses
 
$
1

 
$


Deferred Losses Reported In Accumulated Other Comprehensive Income Loss
(in millions)
 
Deferred gain (loss) in AOCI at
 
Gain (loss) expected to be reclassified to income in one year or less
Contract Type
 
March 31, 2019
 
December 31, 2018
 
Net investment hedges:
 
 
 
 
 
 
    Foreign currency
 
$
4

 
$
4

 
$

    Cross-currency swaps
 
21

 
12

 

    Foreign currency denominated debt
 
(18
)
 
(30
)
 

Total
 
$
7

 
$
(14
)
 
$

Schedule of Derivative Instruments
 
 
Three Months Ended March 31, 2019
(in millions)
 
Net sales
 
Cost of sales
 
Selling, general and administrative expenses
 
Other comprehensive income
Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded
 
$
2,566

 
$
2,047

 
$
226

 
$
(1
)
 
 
 
 
 
 
 
 
 
Gain (loss) on cash flow hedging relationships:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency
 
 
 
 
 
 
 
 
    Gain (loss) reclassified from AOCI to income
 
$
(1
)
 
$

 
$
1

 
$



 
 
Three Months Ended March 31, 2018
(in millions)
 
Net sales
 
Cost of sales
 
Selling, general and administrative expenses
 
Other comprehensive income
Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded
 
$
2,784

 
$
2,193

 
$
253

 
$
60

 
 
 
 
 
 
 
 
 
Gain (loss) on cash flow hedging relationships:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency
 
 
 
 
 
 
 
 
Gain (loss) recognized in other comprehensive income
 
$

 
$

 
$

 
$
(6
)
    Gain (loss) reclassified from AOCI to income
 
$

 
$
(1
)
 
$

 
$


Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
(in millions)
 
Three months ended
Net investment hedges
 
March 31, 2019
 
March 31, 2018
Cross-currency swaps
 
$
9

 
$
(7
)
Foreign currency denominated debt
 
$
12

 
$
(16
)
Derivative Instruments, Gain (Loss)
(in millions)
 
Three months ended
Net investment hedges
 
March 31, 2019
 
March 31, 2018
Cross-currency swaps
 
$
3

 
$
1