Derivative contracts (Tables) - Finance and Financial Products [Member]

3 Months Ended

Mar. 31, 2018

Derivative contracts outstanding

The liabilities and related notional values of such contracts follows (in millions).

	March 31, 2018					December 31, 2017
	Liabilities		Notional   Value			Liabilities		Notional   Value
Equity index put options	$	2,378	$	29,479	(1)	$	2,172	$	28,753	(1)

⁽¹⁾  Represents the aggregate undiscounted amounts payable assuming that the value of each index is zero at each contract’s expiration date. Certain of these contracts are denominated in foreign currencies. Notional amounts are based on the foreign currency exchange rates as of each balance sheet date.

Derivative gains/losses included in the Consolidated Statements of Earnings

A summary of derivative contract gains/losses included in our Consolidated Statements of Earnings in the first quarter of 2018 and 2017 follows (in millions).

	First Quarter
	2018				2017
Equity index put options		$	(206	)		$	460