Fair Value Measurements and Derivatives (Tables)

6 Months Ended

Jun. 30, 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
June 30, 2015	Total		(Level 1)		(Level 2)
Marketable securities	$	169	$	65	$	104
Currency forward contracts - Accounts receivable other
Undesignated	2				2
Currency forward contracts - Other accrued liabilities
Cash flow hedges	8				8
Undesignated	1				1
Currency swaps - Other noncurrent liabilities
Undesignated	1				1
Interest rate swap - Other noncurrent liabilities
Fair value hedge	2				2
December 31, 2014
Marketable securities	$	169	$	72	$	97
Currency forward contracts - Accounts receivable other
Cash flow hedges	1				1
Undesignated	1				1
Currency forward contracts - Other accrued liabilities
Cash flow hedges	11				11
Currency swaps - Other accrued liabilities
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:

	June 30, 2015				December 31, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior notes	$	1,525	$	1,563	$	1,580	$	1,643
Other indebtedness*	80		78		79		77
Total	$	1,605	$	1,641	$	1,659	$	1,720

* The carrying value includes fair value adjustments related to an interest rate swap at June 30, 2015.

Notional Amount of Currency Derivatives

The following currency derivatives were outstanding at June 30, 2015:

		Notional Amount (U.S. Dollar Equivalent)
Functional Currency	Traded Currency	Designated as Cash Flow Hedges		Undesignated		Total		Maturity
U.S. dollar	Mexican peso	$	78	$	—	$	78	Sep-16
Euro	U.S. dollar, Canadian dollar, Hungarian forint, British pound, Swiss franc, Indian rupee, Russian ruble	19		29		48		Dec-16
British pound	U.S. dollar, Euro	6		1		7		Sep-16
Swedish krona	Euro	14				14		Sep-16
South African rand	U.S. dollar, Euro			7		7		Sep-15
Thai baht	U.S. dollar, Australian dollar			19		19		May-16
Brazilian real	U.S. dollar, Euro			5		5		Mar-16
Indian rupee	U.S. dollar, British pound, Euro			26		26		Apr-16
Total forward contracts		117		87		204
U.S. dollar	Euro			116		116		Dec-16
Euro	Canadian dollar, British pound			88		88		Dec-16
Indian rupee	U.S. dollar			10		10		Jul-15
Total currency swaps		—		214		214
Total currency derivatives		$	117	$	301	$	418