Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on Recurring Basis

June 30, 2018	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	3,020
Marketable securities	374
Derivatives relating to:2
Commodities	4
Foreign currency	153
Total assets at fair value	$	3,551
Liabilities at fair value:
Long-term debt	$	11,186
Derivatives relating to:2
Foreign currency	35
Total liabilities at fair value	$	11,221

1. Time deposits included in cash and cash equivalents and money market funds included in other current assets in the interim Condensed Consolidated Balance Sheets are held at amortized cost, which approximates fair value.

2. See Note 17 for the classification of derivatives in the interim Condensed Consolidated Balance Sheets.

December 31, 2017	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	5,205
Marketable securities	952
Derivatives relating to:2
Foreign currency	46
Total assets at fair value	$	6,203
Liabilities at fair value:
Long-term debt	$	11,560
Derivatives relating to:2
Foreign currency	79
Total liabilities at fair value	$	11,639

1. Time deposits included in cash and cash equivalents and money market funds included in other current assets in the interim Condensed Consolidated Balance Sheets are held at amortized cost, which approximates fair value.

2. See Note 17 for the classification of derivatives in the interim Condensed Consolidated Balance Sheets.