Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

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, 2018		December 31, 2017
Assets:
Foreign exchange contracts - forwards	$	24	$	2
Foreign currency options	2		—
Interest rate swaps	—		1
Deferred compensation investments in mutual funds	19		18
Total	$	45	$	21
Liabilities:
Foreign exchange contracts - forwards	$	6	$	25
Foreign currency options	1		—
Interest rate swaps	5		—
Deferred compensation plan liabilities	18		19
Total	$	30	$	44

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, 2018				December 31, 2017
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	1,263	$	1,263	$	1,293	$	1,293
Accounts receivable, net	1,297		1,297		1,357		1,357
Short-term debt and current portion of long-term debt	412		411		282		283
Long-term debt	4,813		4,815		5,235		5,373