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Fair Value Measurements and Derivatives (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
Fair value measurements on a recurring basis — Assets and liabilities that are carried in our balance sheet at fair value are as follows:
 
 
 
 
Fair Value Measurements Using
 
 
 
 
Quoted
Prices in
Active
Markets
 
Significant
Inputs
Observable
 
Significant
Inputs
Unobservable
December 31, 2014
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Marketable securities - current asset
 
$
169

 
$
72

 
$
97

 
$

Currency forward contracts - current asset
 
2

 


 
2

 


Currency forward contracts - current liability
 
11

 


 
11

 


Currency swaps - current asset
 

 
 
 

 
 
Currency swaps - current liability
 
9

 
 
 
9

 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
 

 
 

 
 

 
 

Notes receivable - current asset
 
$
75

 
$

 
$
75

 
$

Marketable securities - current asset
 
110

 
33

 
77

 


Currency forward contracts - current asset
 
3

 


 
3

 


Currency forward contracts - current liability
 
2

 


 
2

 


Currency swaps - noncurrent asset
 
2

 
 
 
2

 
 
Currency swaps - noncurrent liability
 
2

 
 
 
2

 
 
Changes in Level 3 Recurring Fair Value Measurements
Changes in Level 3 recurring fair value measurements

Notes receivable, including current portion
 
2014
 
2013
 
2012
Beginning of period
 
$

 
$
129

 
$
116

Accretion of value (interest income)
 


 
11

 
14

Payment received and other
 


 
(61
)
 
(1
)
Unrealized loss (OCI)
 


 
(4
)
 
 
Transfer out (to Level 2)
 


 
(75
)
 
 
End of period
 
$

 
$

 
$
129

Schedule of Carrying Amounts and Fair Values of Financial Instruments
Fair value of financial instruments — The financial instruments that are not carried in our balance sheet at fair value are as follows:
 
2014
 
2013
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
Senior notes
$
1,580

 
$
1,643

 
$
1,500

 
$
1,567

Other indebtedness
79

 
77

 
99

 
98

Total
$
1,659

 
$
1,720

 
$
1,599

 
$
1,665

Notional Amount of Foreign Currency Derivatives
The following foreign currency derivatives were outstanding at December 31, 2014 and 2013:

 
 
 
 
Notional Amount (U.S. Dollar Equivalent)
Functional Currency
 
Traded Currency
 
Designated as
Cash Flow
Hedges
 
Undesignated
 
Total
 
Maturity
December 31, 2014:
 
 
 
 
 
 
 
 
 
 
U.S. dollar
 
Mexican peso, Euro
 
$
107

 
$
3

 
$
110

 
Mar-16
Euro
 
U.S. dollar,
Canadian dollar,
Hungarian forint,
British pound,
Swiss franc,
Indian rupee,
Russian ruble
 
69

 
19

 
88

 
Jun-16
British pound
 
U.S. dollar, Euro
 
20

 
2

 
22

 
Mar-16
Swedish krona
 
Euro
 
17

 


 
17

 
Mar-16
South African rand
 
U.S. dollar, Euro
 


 
14

 
14

 
Jun-15
Thai baht
 
U.S. dollar,
Australian dollar
 
 
 
21

 
21

 
Nov-15
Brazilian real
 
U.S. dollar, Euro
 
 
 
12

 
12

 
Nov-15
Indian rupee
 
U.S. dollar, British
pound, Euro
 


 
12

 
12

 
Nov-15
Total forward contracts
 
 
 
213

 
83

 
296

 
 
 
 
 
 
 
 
 
 
 
 
 
Indian rupee
 
U.S. dollar
 

 
10

 
10

 
Jun-15
Canadian dollar
 
Euro
 
 
 


 

 
 
Total currency swaps
 
 
 

 
10

 
10

 
 
Total foreign currency derivatives
 
 
 
$
213

 
$
93

 
$
306

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013:
 
 
 
 

 
 

 
 

 
 
U.S. dollar
 
Mexican peso
 
$
97

 
$

 
$
97

 
Dec-14
Euro
 
U.S. dollar,
Canadian dollar,
Hungarian forint,
British pound,
Swiss franc,
Indian rupee
 
54

 
19

 
73

 
Dec-14
British pound
 
U.S. dollar, Euro
 
19

 
1

 
20

 
Dec-14
Swedish krona
 
Euro
 
14

 
1

 
15

 
Dec-14
South African rand
 
U.S. dollar
 
 
 
8

 
8

 
Mar-14
Thai baht
 
U.S. dollar,
Australian dollar
 
 
 
28

 
28

 
Oct-14
Indian rupee
 
U.S. dollar, British
pound, Euro
 


 
11

 
11

 
Jun-14
Total forward contracts
 
 
 
184

 
68

 
252

 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. dollar
 
Canadian dollar, Euro
 
 
 
147

 
147

 
Feb-15
Canadian dollar
 
Euro
 
 
 
150

 
150

 
Mar-14
Total currency swaps
 
 
 

 
297

 
297

 
 
Total foreign currency derivatives
 
 
 
$
184

 
$
365

 
$
549