Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Financial Instruments Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

	March 31, 2012		December 31, 2011
Derivatives designated as hedging instruments:
Interest rate swaps	$	1,000	$	1,000
Foreign currency contracts	2,377		2,032
Commodity contracts	334		553
Derivatives not designated as hedging instruments:
Foreign currency contracts	7,382		6,444
Commodity contracts	224		437

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

	Three Months Ended
	March 31,
	2012			2011
Beginning balance	$	41		$	(31	)
Net revaluation and clearance of cash flow hedges to earnings	(23		)	22
Ending balance	$	18		$	(9	)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

		Fair Value Using Level 2 Inputs
	Balance Sheet Location	March 31, 2012		December 31, 2011
Asset derivatives:
Derivatives designated as hedging instruments:
Interest rate swaps	Other assets	$	63	$	66
Foreign currency contracts	Accounts and notes receivable, net	31		44
		94		110
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accounts and notes receivable, net	95		100
Foreign currency contracts	Other assets	34		43
		129		143
Total asset derivatives		$	223	$	253
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	7	$	12
Commodity contracts	Other accrued liabilities	—		1
		7		13
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	48		21
Commodity contracts	Other accrued liabilities	2		2
		50		23
Total liability derivatives		$	57	$	36

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

	Amount of Gain (Loss) Recognized in OCI1 (Effective Portion)						Amount of Gain (Loss) Recognized in Income2
Three Months Ended March 31,	2012			2011			2012			2011			Income Statement Classification
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps	$	—		$	—		$	(3	)	$	(10	)	Interest expense3
Cash flow hedges:
Foreign currency contracts	(10		)	(21		)	3			(5		)	Net sales
Commodity contracts	6			30			29			(22		)	COGS4
	(4		)	9			29			(37		)
Derivatives not designated as hedging instruments:
Foreign currency contracts	—			—			(128		)	(373		)	Other income, net5
Commodity contracts	—			—			(11		)	1			COGS4
	—			—			(139		)	(372		)
Total derivatives	$	(4	)	$	9		$	(110	)	$	(409	)

¹   OCI is defined as other comprehensive income (loss).

²   For cash flow hedges, this represents the effective portion of the gain (loss) reclassified from accumulated OCI into income during the period. For the three months ended March 31, 2012 and 2011, there was no material ineffectiveness with regard to the company's cash flow hedges.

³   Gain (loss) recognized in income of derivative is offset to $0 by gain (loss) recognized in income of the hedged item.

⁴   COGS is defined as costs of goods sold and other operating charges.

⁵   Gain (loss) recognized in other income, net, was partially offset by the related gain (loss) on the foreign currency-denominated monetary assets and liabilities of the company's operations, which were $48 and $230 for the three months ended March 31, 2012 and 2011, respectively.