Commitments And Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of guarantor obligations

Guarantees consisted of the following:

(In millions)	March 31, 2019		December 31, 2018
Financial guarantees(a)	$	738.4	$	750.4
Performance guarantees(b)	4,166.5		4,047.6
Maximum potential undiscounted payments	$	4,904.9	$	4,798.0

(a) Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations.

(b) Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance-related, such as failure to ship a product or provide a service.