Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments, Gain (Loss) [Line Items]

Schedule of Price Risk Derivatives

	Commodity derivative contracts
Commodity	Volume hedged September 30, 2019	Volume hedged December 31, 2018	Units of measure	Duration
Copper	261	257	Metric Tons	Dec - 20

Notional Amounts of Outstanding Derivative Positions

Foreign currency derivatives (in millions)
Functional currency	Traded currency	Notional in traded currency September 30, 2019	Notional in traded currency December 31, 2018	Ending Duration
Brazilian real	Euro	2	4	Jan - 20
Brazilian real	US dollar	2	5	Dec - 19
British pound	Euro	17	—	Mar - 20
British pound	US dollar	6	—	Mar - 20
Chinese renminbi	US dollar	10	—	Dec - 19
Euro	British pound	1	7	Dec - 19
Euro	Chinese renminbi	11	—	Dec - 19
Euro	Japanese yen	131	—	Dec - 19
Euro	Polish zloty	7	—	Dec - 19
Euro	Swedish krona	540	540	Jun - 20
Euro	US dollar	9	19	Dec - 20
Japanese yen	Chinese renminbi	23	89	Dec - 19
Japanese yen	Korean won	1,359	5,785	Dec - 19
Japanese yen	US dollar	1	3	Dec - 19
Korean won	Euro	2	6	Dec - 19
Korean won	Japanese yen	54	266	Dec - 19
Korean won	US dollar	7	7	Dec - 19
Swedish krona	Euro	17	56	Jan - 20
US dollar	Euro	14	—	Jan - 20
US dollar	Japanese yen	1,900	—	Dec - 19
US dollar	Korean won	36,721	—	Dec - 19
US dollar	Mexican peso	153	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 815:	Location	September 30, 2019		December 31, 2018		Location	September 30, 2019		December 31, 2018
Foreign currency	Prepayments and other current assets	$	2	$	2	Accounts payable and accrued expenses	$	3	$	2
Net investment hedges	Prepayments and other current assets	$	26	$	—	Accounts payable and accrued expenses	$	—	$	—
	Other non-current assets	$	2	$	12	Other non-current liabilities	$	—	$	—
Derivatives not designated as hedging instruments
Foreign currency	Prepayments and other current assets	$	—	$	1	Accounts payable and accrued expenses	$	—	$	—

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	September 30, 2019			December 31, 2018
Net investment hedges:
Foreign currency	$	6		$	4		$	—
Cross-currency swaps	28			12			—
Foreign currency denominated debt	(2		)	(30		)	—
Total	$	32		$	(14	)	$	—

Schedule of Derivative Instruments

	Three Months Ended September 30, 2019
(in millions)	Net sales			Cost of sales		Selling, general and administrative expenses		Other comprehensive income(loss)
Total amounts of earnings and other comprehensive income(loss) line items in which the effects of cash flow hedges are recorded	$	2,492		$	1,968	$	230	$	(109	)
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) recognized in other comprehensive income								$	—
Gain (loss) reclassified from AOCI to income	$	(2	)	$	—	$	1

	Nine Months Ended September 30, 2019
(in millions)	Net sales			Cost of sales		Selling, general and administrative expenses		Other comprehensive income(loss)
Total amounts of earnings and other comprehensive income(loss) line items in which the effects of cash flow hedges are recorded	$	7,609		$	6,053	$	668	$	(105	)
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) recognized in other comprehensive income								$	(1	)
Gain (loss) reclassified from AOCI to income	$	(4	)	$	1	$	2

	Three Months Ended September 30, 2018
(in millions)	Net sales			Cost of sales		Selling, general and administrative expenses		Other comprehensive income(loss)
Total amounts of earnings and other comprehensive income(loss) line items in which the effects of cash flow hedges are recorded	$	2,478		$	1,963	$	230	$	(41	)
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) recognized in other comprehensive income								$	2
Gain (loss) reclassified from AOCI to income	$	(1	)	$	—	$	—

	Nine Months Ended September 30, 2018
(in millions)	Net sales			Cost of sales			Selling, general and administrative expenses		Other comprehensive income(loss)
Total amounts of earnings and other comprehensive income(loss) line items in which the effects of cash flow hedges are recorded	$	7,956		$	6,270		$	720	$	(119	)
Gain (loss) on cash flow hedging relationships:
Foreign currency
Gain (loss) recognized in other comprehensive income									$	(4	)
Gain (loss) reclassified from AOCI to income	$	(2	)	$	(3	)	$	—

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

(in millions)	Three Months Ended September 30,				Nine Months Ended September 30,
Net investment hedges	2019		2018		2019		2018
Foreign currency	$	2	$	—	$	2	$	—
Cross-currency swaps	$	11	$	3	$	16	$	10
Foreign currency denominated debt	$	23	$	4	$	28	$	20

Derivative Instruments, Gain (Loss)

(in millions)	Three Months Ended September 30,				Nine Months Ended September 30,
Net investment hedges	2019		2018		2019		2018
Cross-currency swaps	$	3	$	3	$	8	$	6

Derivatives Not Designated as Hedging Instruments

(in millions)		Three Months Ended September 30,				Nine Months Ended September 30,
Contract Type	Location	2019		2018		2019			2018
Foreign Currency	Selling, general and administrative expenses	$	—	$	1	$	(3	)	$	—