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Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2018
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
2018

December 31
2017

March 31
2018

December 31
2017

March 31
2018

December 31
2017

Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange contracts

$3,141


$2,930


$138


$131


($55
)

($63
)
Interest rate contracts
125

125

3

3




Commodity contracts
35

56

4

4

(6
)
(6
)
Derivatives not receiving hedge accounting treatment:
 
 
 
 
 
 
Foreign exchange contracts
270

406

14

16

(4
)
(5
)
Commodity contracts
676

563





 
 
Total derivatives

$4,247


$4,080


$159


$154


($65
)

($74
)
Netting arrangements
 
 
(53
)
(61
)
53

61

Net recorded balance
 
 

$106


$93


($12
)

($13
)
(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
  
2018

 
2017

Effective portion recognized in Other comprehensive income, net of taxes:
 
 
 
Foreign exchange contracts

($2
)
 

$56

Commodity contracts


 
(4
)
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
 
 
 
Foreign exchange contracts
(4
)
 
(15
)
Commodity contracts


 
(1
)
Forward points recognized in Other income, net:
 
 
 
Foreign exchange contracts
6

 
1

Undesignated derivatives recognized in Other income, net:
 
 
 
Foreign exchange contracts
3

 
5