Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 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.

	June 30, 2014		December 31, 2013
Assets:
Foreign exchange contracts-forwards	$	29	$	6
Interest rate swaps	2		—
Deferred compensation investments in cash surrender life insurance	92		88
Deferred compensation investments in mutual funds	31		28
Total	$	154	$	122
Liabilities:
Foreign exchange contracts-forwards	$	13	$	70
Interest rate swaps	—		—
Deferred compensation plan liabilities	132		125
Total	$	145	$	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:

	June 30, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	1,007	$	1,007	$	1,764	$	1,764
Accounts receivable, net	3,097		3,097		2,929		2,929
Short-term debt	1,355		1,370		1,117		1,126
Long-term debt	6,354		6,880		6,904		7,307