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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value, Assets And Liabilities Measured On Recurring Basis
The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs. The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
 
December 31, 2015
December 31, 2014
 
Total

Level 1

Level 2

Total

Level 1

Level 2

Assets
 
 
 
 
 
 
Money market funds

$4,504


$4,504

 

$3,826


$3,826

 
Available-for-sale investments:
 
 
 
 
 
 
Commercial paper
87

 
87

 
 
 
Corporate notes
79

 
79

 
 
 
U.S. government agencies
83

 
83

 
 
 
Other
20

20

 
7

7

 
Derivatives
15

 
15

25

 

$25

Total assets

$4,788


$4,524


$264


$3,858


$3,833


$25

 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
Derivatives

($305
)
 

($305
)

($217
)
 

($217
)
Total liabilities

($305
)
 

($305
)

($217
)
 

($217
)
Fair Value, Assets Measured On Nonrecurring Basis Using Unobservable Inputs
The following table presents the nonrecurring losses recognized for the years ended December 31 due to long-lived asset impairment, and the fair value and asset classification of the related assets as of the impairment date:
 
2015
 
2014
 
Fair Value

 
Total Losses

 
Fair Value

 
Total Losses

Operating lease equipment

$270

 

($159
)
 

$187

 

($170
)
Property, plant and equipment
8

 
(6
)
 
19

 
(15
)
Other assets and Acquired intangible assets


 


 

 
(17
)
Total

$278

 

($165
)
 

$206

 

($202
)
Fair Value, Assets Measured On Nonrecurring Basis, Valuation Techniques
For Level 3 assets that were measured at fair value on a nonrecurring basis during the year ended December 31, 2015, the following table presents the fair value of those assets as of the measurement date, valuation techniques and related unobservable inputs of those assets.
 
Fair
Value
 
Valuation
Technique(s)
 
Unobservable Input
 
Range
Median or Average
Operating lease equipment
$270
 
Market approach
 
Aircraft value publications
 
$226 - $394(1)
Median $343
 
 
Aircraft condition adjustments
 
($112) - $39(2)
Net ($73)
(1) 
The range represents the sum of the highest and lowest values for all aircraft subject to fair value measurement, according to the third party aircraft valuation publications that we use in our valuation process.
(2) 
The negative amount represents the sum, for all aircraft subject to fair value measurement, of all downward adjustments based on consideration of individual aircraft attributes and condition. The positive amount represents the sum of all such upward adjustments.
Fair Values And Related Carrying Values Of Financial Instruments
The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Consolidated Statements of Financial Position at December 31 were as follows:
 
December 31, 2015
 
Carrying Amount

 
Total Fair Value

 
Level 1
 
Level 2

 
Level 3

Assets
 
 
 
 
 
 
 
 
 
Accounts receivable, net

$8,713

 

$8,705

 
 
 

$8,705

 
 
Notes receivable, net
255

 
273

 
 
 
273

 
 
Liabilities
 
 
 
 
 
 
 
 
 
Debt, excluding capital lease obligations
(9,814
)
 
(11,292
)
 
 
 
(11,123
)
 

($169
)
 
December 31, 2014
 
Carrying Amount

 
Total Fair Value

 
Level 1
 
Level 2

 
Level 3

Assets
 
 
 
 
 
 
 
 
 
Accounts receivable, net

$7,729

 

$7,845

 
 
 

$7,845

 
 
Notes receivable, net
366

 
395

 
 
 
395

 
 
Liabilities
 
 
 
 
 
 
 
 
 
Debt, excluding capital lease obligations
(8,909
)
 
(10,686
)
 
 
 
(10,480
)
 

($206
)