Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Fair Value of Financial Assets and Liabilities

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



	As of December 31,
	2015		2014
Assets:
Foreign exchange contracts - forwards	$	55	$	20
Foreign currency options	—		2
Interest rate swaps	7		5
Deferred compensation investments in cash surrender life insurance	92		94
Deferred compensation investments in mutual funds	33		32
Total	$	187	$	153
Liabilities:
Foreign exchange contracts - forwards	$	12	$	58
Foreign currency options	1		—
Deferred compensation plan liabilities	125		135
Total	$	138	$	193

Schedule of 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 fair value measured on a nonrecurring basis were as follows:



	December 31, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	1,368	$	1,368	$	1,411	$	1,411
Accounts receivable, net	2,319		2,319		2,652		2,652
Short-term debt	985		976		1,427		1,417
Long-term debt	6,382		6,395		6,314		6,719