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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Carrying and Estimated Fair Value
The net carrying and estimated fair values of our financial instruments by class at March 31, 2017 and December 31, 2016 were as follows:
 
March 31, 2017
 
December 31, 2016
 
Net Carrying
Amount
 
Fair
Value
 
Net Carrying
Amount
 
Fair
Value
 
(Millions)
Long-term debt (including current maturities)
$
1,409

 
$
1,418

 
$
1,297

 
$
1,311

Instruments with off-balance sheet risk:
 
 
 
 
 
 
 
Foreign exchange forward contracts:
 
 
 
 
 
 
 
Asset derivative contracts

 

 

 

Summarization for Foreign Currency Forward Purchase and Sale Contracts
The following table summarizes by major currency the notional amounts for foreign currency forward purchase and sale contracts as of March 31, 2017 (all of which mature in 2017):
 
 
Notional Amount
in Foreign Currency
 
 
(Millions)
British pounds
—Purchase
19

 
—Sell
(9
)
Canadian dollars
—Purchase
2

 
—Sell
(4
)
European euro
—Purchase
10

 
—Sell
(5
)
Japanese yen
—Purchase
89

 
—Sell
(90
)
South African rand
—Sell
(7
)
U.S. dollars
—Purchase
21

 
—Sell
(35
)