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

6 Months Ended

Jun. 30, 2018

Derivative contracts outstanding

index put option contracts written between 2004 and 2008. The liabilities and related notional values of such contracts follows (in millions).

	June 30, 2018				December 31, 2017
	Liabilities		Notional Value		Liabilities		Notional Value
Equity index put options	$	2,006		$    27,658(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 follows (in millions).

	Second Quarter				First Six Months
	2018		2017		2018		2017
Equity index put options	$	372	$	(65)	$	166	$	395