Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

Major Categories of Financial Assets and Liabilities Measured on a Recurring Basis



			Fair value measurements at reporting date using
			Quoted prices in	Significant other		Significant
			active markets for	observable		unobservable
	March 31,		identical assets	inputs		inputs
	2018		(Level 1)	(Level 2)		(Level 3)

Current assets:
Other current assets (1)	$	125		$	125
Non-current assets:
Other assets (1)	$	72		$	72

Current liabilities:
Other accrued liabilities (1)	$	122		$	122
Non-current liabilities:
Other liabilities (1)(2)	$	850		$	830	$	20

(1)

Derivative assets and liabilities include foreign exchange contracts which are measured using observable quoted prices for similar assets and liabilities.

(2)

At March 31, 2018, other liabilities include contingent consideration that was measured using unobservable (level 3) inputs, in the amount of $20 million.



			Fair value measurements at reporting date using
			Quoted prices in	Significant other		Significant
			active markets for	observable		unobservable
	December 31,		identical assets	inputs		inputs
	2017		(Level 1)	(Level 2)		(Level 3)

Current assets:
Other current assets (1)(2)	$	497		$	197	$	300
Non-current assets:
Other assets (1)	$	68		$	68

Current liabilities:
Other accrued liabilities (1)(2)	$	44		$	42	$	2
Non-current liabilities:
Other liabilities (1)(2)	$	353		$	333	$	20

(1)

Derivative assets and liabilities include foreign exchange contracts which are measured using observable quoted prices for similar assets and liabilities.

(2)

At December 31, 2017, other current assets, other accrued liabilities and other liabilities include contingent consideration that was measured using unobservable (level 3) inputs, in the amounts of $300 million, $2 million and $20 million, respectively.