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Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2012
Financial Instruments Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
 
June 30, 2012
December 31, 2011
Derivatives designated as hedging instruments:
 
 
Interest rate swaps
$
1,000

$
1,000

Foreign currency contracts
1,547

2,032

Commodity contracts
90

553

Derivatives not designated as hedging instruments:


Foreign currency contracts
8,040

6,444

Commodity contracts
95

437
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
 
Three Months Ended
Six Months Ended
 
June 30,
June 30,
 
2012
2011
2012
2011
Beginning balance
$
19

$
(9
)
$
41

$
(31
)
Net revaluation and clearance of cash flow hedges to earnings
10

15

(12
)
37

Ending balance
$
29

$
6

$
29

$
6
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
 
 
Fair Value Using Level 2 Inputs
 
Balance Sheet Location
June 30, 2012
December 31, 2011
Asset derivatives:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Interest rate swaps
Other assets
$
62

$
66

Foreign currency contracts
Accounts and notes receivable, net
35

44

 
 
97

110

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
Accounts and notes receivable, net
102

100

Foreign currency contracts
Other assets
83

43

 
 
185

143

Total asset derivatives
 
$
282

$
253

Liability derivatives:
 
 
 
Derivatives designated as hedging instruments:
 
 
 
Foreign currency contracts
Other accrued liabilities
$
1

$
12

Commodity contracts
Other accrued liabilities
1

1

 
 
2

13

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency contracts
Other accrued liabilities
32

21

Commodity contracts
Other accrued liabilities
2

2

 
 
34

23

Total liability derivatives
 
$
36

$
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 June 30,
2012
2011
2012
2011
Income Statement Classification
Derivatives designated as hedging instruments:
 
 
 
 
 
Fair value hedges:
 
 
 
 
 
Interest rate swaps
$
—

$
—

$
(1
)
$
20

Interest expense3
Cash flow hedges:
 
 
 
 
 
Foreign currency contracts
27

1

4

(7
)
Net sales
Commodity contracts
12

(4
)
19

(18
)
COGS4
 
39

(3
)
22

(5
)
 
Derivatives not designated as hedging instruments:
 
 
 
 
 
Foreign currency contracts
—

—

238

(51
)
Other income, net5
Commodity contracts
—

—

(3
)
10

COGS4
Interest rate swaps
—

—

—

(1
)
COGS4
 
—

—

235

(42
)
 
Total derivatives
$
39

$
(3
)
$
257

$
(47
)
 

 
Amount of Gain (Loss)
Recognized in OCI1
(Effective Portion)
Amount of Gain (Loss)
Recognized in Income2
 
Six Months Ended June 30,
2012
2011
2012
2011
Income Statement Classification
Derivatives designated as hedging instruments:
 
 
 
 
 
Fair value hedges:
 
 
 
 
 
Interest rate swaps
$
—

$
—

$
(4
)
$
9

Interest expense3
Cash flow hedges:
 
 
 
 
 
Foreign currency contracts
17

(20
)
7

(12
)
Net sales
Commodity contracts
18

26

48

(40
)
COGS4
 
35

6

51

(43
)
 
Derivatives not designated as hedging instruments:
 
 
 
 
 
Foreign currency contracts
—

—

110

(424
)
Other income, net5
Commodity contracts
—

—

(14
)
11

COGS4
Interest rate swaps
—

—

—

(1
)
COGS4
 
—

—

96

(414
)
 
Total derivatives
$
35

$
6

$
147

$
(457
)
 

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 and six months ended June 30, 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 $(210) and $55 for the three months ended June 30, 2012 and 2011, respectively, and $(162) and $285 for the six months ended June 30, 2012 and 2011, respectively.