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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2018
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, 2018
 
December 31, 2017
 
Total

 
Level 1

 
Level 2

 
Total

 
Level 1

 
Level 2

Assets
 
 
 
 
 
 
 
 
 
 
 
Money market funds

$1,688

 

$1,688

 
 
 

$1,582

 

$1,582

 
 
Available-for-sale debt investments:
 
 
 
 
 
 
 
 
 
 
 
Commercial paper
121

 
 
 

$121

 
70

 
 
 

$70

Corporate notes
346

 
 
 
346

 
382

 
 
 
382

U.S. government agencies
31

 
 
 
31

 
47

 
 
 
47

Other equity investments
16

 
16

 
 
 
18

 
18

 
 
Derivatives
36

 
 
 
36

 
93

 
 
 
93

Total assets

$2,238

 

$1,704

 

$534

 

$2,192

 

$1,600

 

$592

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Derivatives

($59
)
 
 
 

($59
)
 

($13
)
 
 
 

($13
)
Total liabilities

($59
)
 

 

($59
)
 

($13
)
 

 

($13
)
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:
  
2018
 
2017
 
Fair
Value

 
Total
Losses

 
Fair
Value

 
Total
Losses

Operating lease equipment

$43

 

($17
)
 

$65

 

($16
)
Investments

 
(30
)
 
1

 
(27
)
Property, plant and equipment


 


 
8

 
(2
)
Acquired intangible assets

 

 
14

 
(1
)
Total

$43

 

($47
)
 

$88

 

($46
)
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, 2018, 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
$43
 
Market approach
 
Aircraft value publications
 
$41 - $63(1)
Median $46
 
 
Aircraft condition adjustments
 
($3) - $0(2)
Net ($3)
(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, 2018
 
Carrying
Amount

Total Fair
Value

Level 1
Level 2

Level 3

Assets
 
 
 
 
 
Notes receivable, net

$850


$834

 

$834

 
Liabilities
 
 
 
 
 
Debt, excluding capital lease obligations and commercial paper
(11,381
)
(11,467
)
 
(11,372
)

($95
)
 
December 31, 2017
 
Carrying
Amount

Total Fair
Value

Level 1
Level 2
Level 3
Assets
 
 
 
 
 
Notes receivable, net

$1,022


$1,046

 

$1,046

 
Liabilities
 
 
 
 
 
Debt, excluding capital lease obligations and commercial paper
(10,380
)
(11,923
)
 
(11,823
)

($100
)