Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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
	June 30 2016		December 31 2015		June 30 2016			December 31 2015			June 30 2016			December 31 2015
Derivatives designated as hedging instruments:
Foreign exchange contracts		$2,435		$2,727		$47			$23			($206	)		($304	)
Interest rate contracts	125		125		11			9
Commodity contracts	32		40		2			2			(7		)	(13		)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	440		436		10			4			(12		)	(11		)
Commodity contracts	716		725
Total derivatives		$3,748		$4,053	70			38			(225		)	(328		)
Netting arrangements					(43		)	(23		)	43			23
Net recorded balance						$27			$15			($182	)		($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:

	Six months ended June 30						Three months ended June 30
	2016			2015			2016			2015
Effective portion recognized in Other comprehensive income/(loss), net of taxes:
Foreign exchange contracts		$41			($66	)		($21	)		$24
Commodity contracts							4			1
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
Foreign exchange contracts	(38		)	(23		)	(17		)	(14		)
Commodity contracts	(5		)	(5		)	(3		)	(2		)
Forward points recognized in Other income, net:
Foreign exchange contracts	4			7			2			2
Undesignated derivatives recognized in Other income, net:
Foreign exchange contracts				2			(2		)	3