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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 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
  
June 30
2018

December 31
2017

June 30
2018

December 31
2017

June 30
2018

December 31
2017

Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign exchange contracts

$3,174


$2,930


$59


$131


($89
)

($63
)
Interest rate contracts
125

125

1

3




Commodity contracts
26

56

5

4

(5
)
(6
)
Derivatives not receiving hedge accounting treatment:
 
 
 
 
 
 
Foreign exchange contracts
332

406

11

16

(5
)
(5
)
Commodity contracts
680

563





 
 
Total derivatives

$4,337


$4,080


$76


$154


($99
)

($74
)
Netting arrangements
 
 
(40
)
(61
)
40

61

Net recorded balance
 
 

$36


$93


($59
)

($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: 
  
Six months ended June 30
 
Three months ended June 30
  
2018

 
2017

 
2018

 
2017

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

($93
)
 

$76

 

($91
)
 

$20

Commodity contracts


 
(5
)
 


 
(1
)
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
 
 
 
 
 
 
 
Foreign exchange contracts
(9
)
 
(32
)
 
(5
)
 
(17
)
Commodity contracts
(1
)
 
(2
)
 
(1
)
 
(1
)
Forward points recognized in Other income, net:
 
 
 
 
 
 
 
Foreign exchange contracts
5

 
2

 
(1
)
 
1

Undesignated derivatives recognized in Other income, net:
 
 
 
 
 
 
 
Foreign exchange contracts
(1
)
 
5

 
(4
)