Fair Value of Financial Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2016

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, 2016		December 31, 2015
Assets:
Foreign exchange contracts - forwards	$	86	$	55
Interest rate swaps	15		7
Deferred compensation investments in cash surrender life insurance	97		92
Deferred compensation investments in mutual funds	35		33
Total	$	233	$	187
Liabilities:
Foreign exchange contracts - forwards	$	8	$	12
Foreign currency options	—		1
Deferred compensation plan liabilities	127		125
Total	$	135	$	138

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, 2016				December 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	1,423	$	1,423	$	1,368	$	1,368
Accounts receivable, net	2,466		2,466		2,319		2,319
Short-term debt	2,033		2,047		985		976
Long-term debt	5,346		5,537		6,354		6,395