Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Derivative Instruments [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The notional amounts and fair values of derivative instruments in the Consolidated Statements of Financial Position as of December 31 were as follows:

	Notional   amounts(1)				Other assets						Accrued liabilities
	2018		2017		2018			2017			2018			2017
Derivatives designated as hedging instruments:
Foreign exchange contracts		$3,407		$2,930		$32			$131			($132	)		($63	)
Interest rate contracts	125		125					3
Commodity contracts	57		56		9			4			(2		)	(6		)
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	414		406		11			16			(2		)	(5		)
Commodity contracts	478		563
Total derivatives		$4,481		$4,080	52			154			(136		)	(74		)
Netting arrangements					(24		)	(61		)	24			61
Net recorded balance						$28			$93			($112	)		($13	)

⁽¹⁾ 

Notional amounts represent the gross contract/notional amount of the derivatives outstanding.

Schedule Of Derivative Instruments, Gains/(Losses) In Statement Of Financial Performance

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:

Years ended December 31,	2018			2017
Effective portion recognized in Other comprehensive income/(loss), net of taxes:
Foreign exchange contracts		($156	)		$123
Commodity contracts	10			(4		)
Effective portion reclassified out of Accumulated other comprehensive loss into earnings, net of taxes:
Foreign exchange contracts	(33		)	(50		)
Commodity contracts	3			(2		)
Forward points recognized in Other income/(loss), net:
Foreign exchange contracts	1			8
Undesignated derivatives recognized in Other income/(loss), net:
Foreign exchange contracts				8