Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

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,
	2016		2015
Assets
Foreign exchange contracts - forwards	$	88	$	55
Interest rate swaps	4		7
Deferred compensation investments in mutual funds	15		13
Total	$	107	$	75
Liabilities
Foreign exchange contracts - forwards	$	39	$	10
Foreign currency options	—		1
Deferred compensation plan liabilities	17		15
Total	$	56	$	26

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 were as follows:

	December 31, 2016				December 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	2,223	$	2,223	$	1,228	$	1,228
Accounts receivable, net	961		961		1,068		1,068
Short-term debt	1,011		1,015		962		954
Long-term debt	5,305		5,438		6,317		6,358