Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2017

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, 2017		December 31, 2016
Assets:
Foreign exchange contracts - forwards	$	3	$	88
Interest rate swaps	5		4
Deferred compensation investments in mutual funds	16		15
Total	$	24	$	107
Liabilities:
Foreign exchange contracts - forwards	$	59	$	39
Deferred compensation plan liabilities	18		17
Total	$	77	$	56

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:

	June 30, 2017				December 31, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	1,246	$	1,246	$	2,223	$	2,223
Accounts receivable, net	1,037		1,037		961		961
Short-term debt	765		781		1,011		1,015
Long-term debt	4,236		4,407		5,305		5,438