XML 54 R40.htm IDEA: XBRL DOCUMENT v3.4.0.3
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2016
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
  
March 31
2016

December 31
2015

March 31
2016

December 31
2015

March 31
2016

December 31
2015

Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange contracts

$2,570


$2,727


$53


$23


($211
)

($304
)
Interest rate contracts
125

125

11

9




Commodity contracts
21

40


2

(13
)
(13
)
Derivatives not receiving hedge accounting treatment:
 
 
 
 
 
 
Foreign exchange contracts
354

436

9

4

(6
)
(11
)
Commodity contracts
685

725





 
 
Total derivatives

$3,755


$4,053

73

38

(230
)
(328
)
Netting arrangements
 
 
(41
)
(23
)
41

23

Net recorded balance
 
 

$32


$15


($189
)

($305
)
(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: 
  
Three months ended March 31
  
2016

 
2015

Effective portion recognized in Other comprehensive income/(loss), net of taxes:
 
 
 
Foreign exchange contracts

$62

 

($90
)
Commodity contracts
(4
)
 
(1
)
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
 
 
 
Foreign exchange contracts
(21
)
 
(9
)
Commodity contracts
(2
)
 
(3
)
Forward points recognized in Other income, net:
 
 
 
Foreign exchange contracts
2

 
5

Undesignated derivatives recognized in Other income, net:
 
 
 
Foreign exchange contracts
2

 
(1
)