Recent Accounting Guidance Accounting Pronouncements (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Standards Update 2017-07 [Member]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

Summary of Changes to the interim Consolidated Statement of Operations	For the Three Months Ended March 31, 2017 (Predecessor)
(in millions)	As reported 1		Effect of Change			Updated
Cost of goods sold	$	4,209	$	(57	)	$	4,152
Research and development expense	$	384	$	(16	)	$	368
Selling, general and administrative expenses	$	1,221	$	(31	)	$	1,190
Sundry income - net	$	306	$	(104	)	$	202

1. Includes adjustments for discontinued operations.

Opening Balance Adjustment [Member] | Balance Sheet [Member] | Accounting Standards Update 2014-09 [Member]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

(In millions, except per share amounts)	As Reported December 31, 2017		Effect of Adoption of ASU 2014-09			Updated January 1, 2018
Current assets
Accounts and notes receivable - net	$	5,239	$	65		$	5,304
Inventories	8,633		(53		)	8,580
Other current assets	981		115			1,096
Deferred income taxes	$	480	$	1		$	481
Liabilities and Equity
Current liabilities
Accounts payable	$	4,831	$	(3	)	$	4,828
Accrued and other current liabilities	4,384		120			4,504
Deferred income tax liabilities	$	5,836	$	3		$	5,839
Retained earnings	$	175	$	8		$	183

Current Period Adjustment [Member] | Balance Sheet [Member] | Accounting Standards Update 2014-09 [Member]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

	March 31, 2018
(In millions, except per share amounts)	As Reported			Effect of Change			Balance without Adoption of Topic 606
Current assets
Accounts and notes receivable - net	$	7,147		$	(205	)	$	6,942
Inventories	7,901			111			8,012
Other current assets	1,287			(168		)	1,119
Deferred income taxes	$	330		$	(1	)	$	329
Liabilities and Equity
Current liabilities
Accrued and other current liabilities	$	4,133		$	(258	)	$	3,875
Deferred income tax liabilities	$	5,669		$	(2	)	$	5,667
Accumulated deficit	$	(881	)	$	(3	)	$	(884	)