Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities

The following table represents assets and liabilities measured at fair value on a recurring basis. The basis for the measurement at fair value in all cases is Level 2 – Significant Other Observable Inputs.

	March 31, 2014		December 31, 2013
Assets:
Foreign exchange contracts-forwards	$	9	$	6
Deferred compensation investments in cash surrender life insurance	90		88
Deferred compensation investments in mutual funds	30		28
Total	$	129	$	122
Liabilities:
Foreign exchange contracts-forwards	$	34	$	70
Interest rate swaps	3		—
Deferred compensation plan liabilities	127		125
Total	$	164	$	195

Estimated fair values of financial assets and liabilities not measured at fair value on a recurring basis

The estimated fair values of our other financial assets and liabilities not measured at fair value on a recurring basis were as follows:

	March 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	1,567	$	1,567	$	1,764	$	1,764
Accounts receivable, net	3,032		3,032		2,929		2,929
Short-term debt	2,109		2,114		1,117		1,126
Long-term debt	5,896		6,374		6,904		7,307