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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2017
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.
 
June 30, 2017
 
December 31, 2016
 
Total

 
Level 1

 
Level 2

 
Total

 
Level 1

 
Level 2

Assets
 
 
 
 
 
 
 
 
 
 
 
Money market funds

$2,016

 

$2,016

 
 
 

$2,858

 

$2,858

 
 
Available-for-sale investments:
 
 
 
 
 
 
 
 
 
 
 
Commercial paper
97

 
 
 

$97

 
162

 
 
 

$162

Corporate notes
341

 
 
 
341

 
271

 
 
 
271

U.S. government agencies
61

 
 
 
61

 
63

 
 
 
63

Other
29

 
29

 
 
 
46

 
46

 
 
Derivatives
54

 
 
 
54

 
23

 
 
 
23

Total assets

$2,598

 

$2,045

 

$553

 

$3,423

 

$2,904

 

$519

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Derivatives

($65
)
 
 
 

($65
)
 

($202
)
 
 
 

($202
)
Total liabilities

($65
)
 

 

($65
)
 

($202
)
 

 

($202
)
Fair Value, Assets Measured On Nonrecurring Basis Using Unobservable Inputs
Certain assets have been measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3). The following table presents the nonrecurring losses recognized for the six months ended June 30 due to long-lived asset impairment and the fair value and asset classification of the related assets as of the impairment date:
  
2017
 
2016
 
Fair
Value

 
Total
Losses

 
Fair
Value

 
Total
Losses

Investments
$
1

 
$
(27
)
 

 

Operating lease equipment
65

 
(16
)
 
59

 
(25
)
Property, plant and equipment
8

 
(2
)
 


 
(4
)
Acquired intangible assets
14

 
(1
)
 
12

 
(10
)
Total

$88

 

($46
)
 

$71

 

($39
)
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 six months ended June 30, 2017, 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
$65
 
Market approach
 
Aircraft value publications
 
$106 - $140(1)
Median $125
 
 
Aircraft condition adjustments
 
($60) - $0(2)
Net ($60)
(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 Condensed Consolidated Statements of Financial Position were as follows:
 
June 30, 2017
 
Carrying
Amount

Total Fair
Value

Level 1
Level 2

Level 3

Assets
 
 
 
 
 
Notes receivable, net
$
884

$
895

 
$
895

 
Liabilities
 
 
 
 
 
Debt, excluding capital lease obligations
(10,641
)
(12,196
)
 
(12,095
)
(101
)
 
December 31, 2016
 
Carrying
Amount

Total Fair
Value

Level 1
Level 2
Level 3
Assets
 
 
 
 
 
Notes receivable, net
$
807

$
803

 
$
803

 
Liabilities
 
 
 
 
 
Debt, excluding capital lease obligations
(9,815
)
(11,209
)
 
(11,078
)
(131
)