Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Financial Instruments Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

	March 31, 2013		December 31, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	$	1,000	$	1,000
Foreign currency contracts	693		1,083
Commodity contracts	597		753
Derivatives not designated as hedging instruments:
Foreign currency contracts	9,839		6,733
Commodity contracts	251		242

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

	Three Months Ended
	March 31,
	2013			2012
Beginning balance	$	3		$	41
Additions and revaluations of derivatives designated as cash flow hedges	(9		)	(4		)
Clearance of hedge results to earnings	(6		)	(19		)
Ending balance	$	(12	)	$	18

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

		Fair Value Using Level 2 Inputs
	Balance Sheet Location	March 31, 2013		December 31, 2012
Asset derivatives:
Derivatives designated as hedging instruments:
Interest rate swaps1	Other assets	$	48	$	55
Foreign currency contracts	Accounts and notes receivable, net	11		7
		59		62
Derivatives not designated as hedging instruments:
Foreign currency contracts2	Accounts and notes receivable, net	204		88
Total asset derivatives3		$	263	$	150
Cash collateral1,2	Other accrued liabilities	$	42	$	44
Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	$	2	$	10
Commodity contracts	Other accrued liabilities	1		—
		3		10
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other accrued liabilities	47		76
Commodity contracts	Other accrued liabilities	1		1
		48		77
Total liability derivatives3		$	51	$	87

¹  Cash collateral held as of March 31, 2013 and December 31, 2012 represents $11 and $13, respectively, related to interest rate swap derivatives designated as hedging instruments.

²  Cash collateral held as of March 31, 2013 and December 31, 2012 represents $31, respectively, related to foreign currency derivatives not designated as hedging instruments.

³  The company's derivative assets and liabilities subject to enforceable master netting arrangements totaled $30 at March 31, 2013 and $40 at December 31, 2012.

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,	2013			2012			2013			2012			Income Statement Classification
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps	$	—		$	—		$	(7	)	$	(3	)	Interest expense3
Cash flow hedges:
Foreign currency contracts	14			(10		)	(4		)	3			Net sales
Commodity contracts	(30		)	6			14			29			See (4) below
	(16		)	(4		)	3			29
Derivatives not designated as hedging instruments:
Foreign currency contracts	—			—			106			(128		)	Other income, net5
Commodity contracts	—			—			6			(11		)	See (4) below
	—			—			112			(139		)
Total derivatives	$	(16	)	$	(4	)	$	115		$	(110	)

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, 2013 and 2012, 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   Amount of gain is recognized within the line item costs of goods sold and other operating charges on the interim Consolidated Income Statements.

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 $(95) and $47 for the three months ended March 31, 2013 and 2012, respectively.