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Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2014
Financial Instruments Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
 
March 31, 2014
December 31, 2013
Derivatives designated as hedging instruments:
 
 
Interest rate swaps
$
1,000

$
1,000

Foreign currency contracts
865

1,107

Commodity contracts
358

606

Derivatives not designated as hedging instruments:
 
 
Foreign currency contracts
10,822

9,553

Commodity contracts
238

281
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
 
Three Months Ended
 
March 31,
 
2014
2013
Beginning balance
$
(48
)
$
3

Additions and revaluations of derivatives designated as cash flow hedges
24

(9
)
Clearance of hedge results to earnings
11

(6
)
Ending balance
$
(13
)
$
(12
)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
 
 
Fair Value Using Level 2 Inputs
 
Balance Sheet Location
March 31, 2014
December 31, 2013
Asset derivatives:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Interest rate swaps1
Other assets
$
22

$
29

Foreign currency contracts
Accounts and notes receivable, net
4

6

 
 
26

35

Derivatives not designated as hedging instruments:
 
 

 
Foreign currency contracts2
Accounts and notes receivable, net
46

86

 
 




Total asset derivatives3
 
$
72

$
121

Cash collateral1,2
Other accrued liabilities
$
13

$
30

 
 
 
 
Liability derivatives:
 
 

 
Derivatives designated as hedging instruments:
 
 

 
Foreign currency contracts
Other accrued liabilities
$
1

$
4

 
 
 
 
Derivatives not designated as hedging instruments:
 
 

 
Foreign currency contracts
Other accrued liabilities
79

70

Commodity contracts
Other accrued liabilities
2

1

 
 
81

71

Total liability derivatives3
 
$
82

$
75



1 
Cash collateral held as of March 31, 2014 and December 31, 2013 represents $12 and $17, respectively, related to interest rate swap derivatives designated as hedging instruments.
2 
Cash collateral held as of March 31, 2014 and December 31, 2013 represents $1 and $13, 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 $35 at March 31, 2014 and $54 at December 31, 2013.
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,
2014
2013
2014
2013
Income Statement Classification
Derivatives designated as hedging instruments:
 
 
 
 
 
Fair value hedges:
 
 
 
 
 
Interest rate swaps
$
—

$
—

$
(7
)
$
(7
)
Interest expense3
Cash flow hedges:
 
 
 
 
 
Foreign currency contracts
(1
)
14

(1
)
(4
)
Net sales
Commodity contracts
39

(30
)
(17
)
14

Cost of goods sold
 
38

(16
)
(25
)
3

 
Derivatives not designated as hedging instruments:
 
 
 
 
 
Foreign currency contracts
—

—

(46
)
106

Other income, net4
Commodity contracts
—

—

(24
)
6

Cost of goods sold
 
—

—

(70
)
112

 
Total derivatives
$
38

$
(16
)
$
(95
)
$
115

 

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, 2014 and 2013, 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  
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 $(50) and $(95) for the three months ended March 31, 2014 and 2013, respectively.