Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2018



					Asset derivatives					Liability derivatives
	Gross notional amount				Balance	Fair value				Balance	Fair value
	March 31,		Dec. 31,		sheet	March 31,		Dec. 31,		sheet	March 31,		Dec. 31,
	2018		2017		location	2018		2017		location	2018		2017

Derivatives designated as hedging instruments

Foreign exchange contracts (1)	$	313	$	294	Other current assets	$	16	$	20
					Other assets		3		1

Interest rate contracts		550		550						Other liabilities	$	(11)	$	(8)

Derivatives not designated as hedging instruments

Foreign exchange contracts, other		1,431		599	Other current assets		3		2	Other accrued liabilities		(14)		(7)

Translated earnings contracts		14,280		14,275	Other current assets		106		176	Other accrued liabilities		(108)		(34)
					Other assets		69		66	Other liabilities		(819)		(325)

Total derivatives	$	16,574	$	15,718		$	197	$	265		$	(952)	$	(374)

(1)

Cash flow hedges with a typical duration of 24 months or less.



	Effect of derivative instruments on the consolidated financial statements
	for the three months ended March 31,
	Gain recognized in other				Location of gain/(loss)	Gain/(loss) reclassified from
	comprehensive income				reclassified from	accumulated OCI into
Derivatives in hedging	(OCI)				accumulated OCI into	income (effective) (1)
relationships	2018		2017		income (effective)	2018		2017


					Cost of sales	$	4	$	(6)
Foreign exchange contracts	$	2	$	23

Total cash flow hedges	$	2	$	23		$	4	$	(6)

(1)

The amount of hedge ineffectiveness at March 31, 2018 and 2017 was insignificant.



		Gain (loss) recognized in income
		Three months ended
	Location of gain/(loss)	March 31,
Undesignated derivatives	recognized in income	2018		2017

Foreign exchange contracts – balance sheet and loans	Other expense, net	$	(19)	$	2
Foreign currency hedges related to translated earnings	Translated earnings contract loss, net		(622)		(438)

Total undesignated		$	(641)	$	(436)