Fair Value of Financial Assets and Liabilities (Tables)

9 Months Ended

Sep. 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.

	September 30, 2014		December 31, 2013
Assets:
Foreign exchange contracts-forwards	$	48	$	6
Currency options	1		—
Deferred compensation investments in cash surrender life insurance	93		88
Deferred compensation investments in mutual funds	31		28
Total	$	173	$	122
Liabilities:
Foreign exchange contracts-forwards	$	48	$	70
Deferred compensation plan liabilities	131		125
Total	$	179	$	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:

	September 30, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	1,015	$	1,015	$	1,764	$	1,764
Accounts receivable, net	3,026		3,026		2,929		2,929
Short-term debt	1,305		1,317		1,117		1,126
Long-term debt	6,355		6,802		6,904		7,307