Fair Value Measurements and Derivatives (Tables)

3 Months Ended

Mar. 31, 2015

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
March 31, 2015	Total		(Level 1)		(Level 2)
Marketable securities - current asset	$	165	$	65	$	100
Currency forward contracts - current asset
Cash flow hedges	1				1
Net investment hedges	2				2
Undesignated	4				4
Currency forward contracts - current liability
Cash flow hedges	12				12
Undesignated	1				1
December 31, 2014
Marketable securities - current asset	$	169	$	72	$	97
Currency forward contracts - current asset
Cash flow hedges	1				1
Undesignated	1				1
Currency forward contracts - current liability
Cash flow hedges	11				11
Currency swaps - current liability
Undesignated	9				9

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:

	March 31, 2015				December 31, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior notes	$	1,525	$	1,600	$	1,580	$	1,643
Other indebtedness	81		76		79		77
Total	$	1,606	$	1,676	$	1,659	$	1,720

Notional Amount of Currency Derivatives

The following currency derivatives were outstanding at March 31, 2015:

		Notional Amount (U.S. Dollar Equivalent)
Functional Currency	Traded Currency	Designated as Cash Flow Hedges		Designated as Net Investment Hedges		Undesignated		Total		Maturity
U.S. dollar	Mexican peso, Euro	$	78	$	98	$	—	$	176	Jun-16
Euro	U.S. dollar, Canadian dollar, Hungarian forint, British pound, Swiss franc, Indian rupee, Russian ruble	22				33		55		Sep-16
British pound	U.S. dollar, Euro	13				1		14		Mar-16
Swedish krona	Euro	14						14		Jun-16
South African rand	U.S. dollar, Euro					13		13		Sep-15
Thai baht	U.S. dollar, Australian dollar					20		20		Feb-16
Brazilian real	U.S. dollar, Euro					10		10		Mar-16
Indian rupee	U.S. dollar, British pound, Euro					22		22		Feb-16
Total forward contracts		127		98		99		324
Indian rupee	U.S. dollar					10		10		Jun-15
Total currency swaps		—		—		10		10
Total foreign currency derivatives		$	127	$	98	$	109	$	334