XML 44 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements and Derivatives (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis [Table Text Block]
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
Other
Observable
Inputs
June 30, 2016
 
Total
 
(Level 1)
 
(Level 2)
Marketable securities
 
$
164

 
$
67

 
$
97

Currency forward contracts - Accounts receivable other
 
 
 
 
 
 
     Cash flow hedges
 
2

 
 
 
2

     Undesignated
 
2

 
 
 
2

Currency forward contracts - Other accrued liabilities
 
 
 
 
 
 
     Cash flow hedges
 
4

 
 
 
4

     Undesignated
 
2

 
 
 
2

Currency swaps - Accounts receivable other
 
 
 
 
 
 
     Undesignated
 
2

 
 
 
2

Currency swaps - Other accrued liabilities
 


 
 
 
 
     Undesignated
 
9

 
 
 
9

Currency swaps - Other noncurrent liabilities
 
 
 
 
 
 
     Cash flow hedges
 
12

 
 
 
12

 
 
 
 
 
 
 
December 31, 2015
 
 

 
 

 
 

Marketable securities
 
$
162

 
$
64

 
$
98

Currency forward contracts - Accounts receivable other
 
 
 
 
 
 
     Cash flow hedges
 
1

 
 
 
1

     Undesignated
 
2

 
 
 
2

Currency forward contracts - Other accrued liabilities
 
 
 
 
 
 
     Cash flow hedges
 
5

 
 
 
5

     Undesignated
 
1

 
 
 
1

Currency swaps - Accounts receivable other
 
 
 
 
 
 
     Undesignated
 
4

 
 
 
4

Currency swaps - Other accrued liabilities
 
 
 
 
 
 
     Undesignated
 
9

 
 
 
9

Carrying Amounts and Fair Values of Financial Instruments [Table Text Block]
Fair value of financial instruments – The financial instruments that are not carried in our balance sheet at fair value are as follows:
 
June 30, 2016
 
December 31, 2015
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Senior notes
$
1,550

 
$
1,562

 
$
1,525

 
$
1,552

Other indebtedness*
124

 
108

 
66

 
56

Total
$
1,674

 
$
1,670

 
$
1,591

 
$
1,608


*
The carrying value includes the unamortized portion of a fair value adjustment related to a terminated interest rate swap.

Notional Amount of Currency Derivatives [Table Text Block]
The following currency derivatives were outstanding at June 30, 2016:
 
 
 
 
Notional Amount (U.S. Dollar Equivalent)
 
 
Functional Currency
 
Traded Currency
 
Designated as
Cash Flow Hedges
 
Undesignated
 
Total
 
Maturity
 U.S. dollar
 
Mexican peso, euro
 
$
53

 
$
1

 
$
54

 
Sep-17
 Euro
 
U.S. dollar, Canadian dollar, Hungarian forint, British pound, Swiss franc, Indian rupee, Russian ruble
 
39

 
8

 
47

 
Sep-17
 British pound
 
U.S. dollar, Euro
 
5

 


 
5

 
Sep-17
 Swedish krona
 
Euro
 
13

 


 
13

 
Sep-17
 South African rand
 
U.S. dollar, Euro
 


 
13

 
13

 
Sep-16
 Thai baht
 
U.S. dollar, Australian dollar
 
 
 
23

 
23

 
Jun-17
 Canadian dollar
 
U.S. dollar
 
 
 
3

 
3

 
May-17
 Brazilian real
 
Euro
 


 
3

 
3

 
May-17
 Indian rupee
 
U.S. dollar, British pound, Euro
 


 
20

 
20

 
Aug-17
Total forward contracts
 
 
 
110

 
71

 
181

 
 
 
 
 
 
 
 
 
 
 
 
 
 U.S. dollar
 
Mexican peso
 


 
80

 
80

 
Aug-16
 Euro
 
U.S. dollar, Canadian dollar, British pound
 
375

 
69

 
444

 
Jun-26
Total currency swaps
 
 
 
375

 
149

 
524

 
 
Total currency derivatives
 
 
 
$
485

 
$
220

 
$
705