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Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2017
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
2017

December 31
2016

March 31
2017

December 31
2016

March 31
2017

December 31
2016

Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange contracts

$2,497


$2,584


$72


$34


($154
)

($225
)
Interest rate contracts
125

125

6

6




Commodity contracts
22

53

3

7

(8
)
(5
)
Derivatives not receiving hedge accounting treatment:
 
 
 
 
 
 
Foreign exchange contracts
470

465

18

21

(11
)
(17
)
Commodity contracts
729

648





 
 
Total derivatives

$3,843


$3,875

99

68

(173
)
(247
)
Netting arrangements
 
 
(56
)
(45
)
56

45

Net recorded balance
 
 

$43


$23


($117
)

($202
)
(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
  
2017

 
2016

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

$56

 

$62

Commodity contracts
(4
)
 
(4
)
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
 
 
 
Foreign exchange contracts
(15
)
 
(21
)
Commodity contracts
(1
)
 
(2
)
Forward points recognized in Other income, net:
 
 
 
Foreign exchange contracts
1

 
2

Undesignated derivatives recognized in Other income, net:
 
 
 
Foreign exchange contracts
5

 
2