Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on Recurring Basis

September 30, 2020	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	1,986
Marketable securities	152
Derivatives relating to:2
Foreign currency	125
Commodity contracts	1
Total assets at fair value	$	2,264
Liabilities at fair value:
Derivatives relating to:2
Foreign currency	96
Commodity contracts	1
Total liabilities at fair value	$	97

December 31, 2019	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	1,293
Marketable securities	5
Derivatives relating to:2
Foreign currency	25
Total assets at fair value	$	1,323
Liabilities at fair value:
Derivatives relating to:2
Foreign currency	43
Total liabilities at fair value	$	43

September 30, 2019	Significant Other Observable Inputs (Level 2)
(In millions)
Assets at fair value:
Cash equivalents and restricted cash equivalents1	$	1,568
Marketable securities	117
Derivatives relating to:2
Foreign currency	74
Total assets at fair value	$	1,759
Liabilities at fair value:
Derivatives relating to:2
Foreign currency	20
Total liabilities at fair value	$	20

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 - Financial Instruments for the classification of derivatives in the interim Condensed Consolidated Balance Sheets.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques

Basis of Fair Value Measurements on a Nonrecurring Basis at September 30 (In millions)	Significant Other Unobservable Inputs (Level 3)	Total Losses
2019
Assets at fair value:
Developed technology	—	(1)
Other intangible assets	—	(6)
IPR&D	—	(47)