Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Notional Amounts and Fair Values

The notional amounts and fair values of derivative instruments in the Condensed Consolidated Statements of Financial Position were as follows:

	Notional amounts (1)				Other assets						Accrued liabilities
	June 30 2014		December 31 2013		June 30 2014			December 31 2013			June 30 2014			December 31 2013
Derivatives designated as hedging instruments:
Foreign exchange contracts		$2,620		$2,524		$113			$122			($45	)		($64	)
Interest rate contracts	313		313		12			13
Commodity contracts	63		72		5			2			(24		)	(39		)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	400		259		28			12			(26		)	(35		)
Commodity contracts	6		9								(2		)	(4		)
Total derivatives		$3,402		$3,177	158			149			(97		)	(142		)
Netting arrangements					(44		)	(63		)	44			63
Net recorded balance						$114			$86			($53	)		($79	)

⁽¹⁾  Notional amounts represent the gross contract/notional amount of the derivatives outstanding.

Schedule Of Derivative Instruments, Gains/(Losses)

Gains/(losses) associated with our cash flow and undesignated hedging transactions and their effect on Other comprehensive income/(loss) and Net earnings were as follows:

	Six months ended June 30						Three months ended June 30
	2014			2013			2014			2013
Effective portion recognized in Other comprehensive income/(loss), net of taxes:
Foreign exchange contracts		$20			($87	)		$32			($61	)
Commodity contracts	5			(2		)	4			(2		)
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
Foreign exchange contracts	7			14			9			11
Commodity contracts	(8		)	(11		)	(5		)	(6		)
Forward points recognized in Other income, net:
Foreign exchange contracts	16			22			9			14
Undesignated derivatives recognized in Other income, net:
Foreign exchange contracts	(6		)	14			(2		)	15