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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 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
  
June 30
2017

December 31
2016

June 30
2017

December 31
2016

June 30
2017

December 31
2016

Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange contracts

$2,647


$2,584


$83


$34


($102
)

($225
)
Interest rate contracts
125

125

5

6




Commodity contracts
19

53

3

7

(5
)
(5
)
Derivatives not receiving hedge accounting treatment:
 
 
 
 
 
 
Foreign exchange contracts
487

465

20

21

(15
)
(17
)
Commodity contracts
615

648





 
 
Total derivatives

$3,893


$3,875

111

68

(122
)
(247
)
Netting arrangements
 
 
(57
)
(45
)
57

45

Net recorded balance
 
 

$54


$23


($65
)

($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: 
  
Six months ended June 30
 
Three months ended June 30
  
2017

 
2016

 
2017

 
2016

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

$76

 

$41

 

$20

 

($21
)
Commodity contracts
(5
)
 


 
(1
)
 
4

Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
 
 
 
 
 
 
 
Foreign exchange contracts
(32
)
 
(38
)
 
(17
)
 
(17
)
Commodity contracts
(2
)
 
(5
)
 
(1
)
 
(3
)
Forward points recognized in Other income, net:
 
 
 
 
 
 
 
Foreign exchange contracts
2

 
4

 
1

 
2

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

 


 


 
(2
)