Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Our valuation of our assets and liabilities measured at fair value is:

	June			December
	2015			2014
Cash and cash equivalents	$	3,626		$	1,795
Trading marketable securities	80			80
Level 1 - Assets	$	3,706		$	1,875
Available-for-sale marketable securities
Corporate and asset-backed debt securities	264			1,525
Foreign government debt securities	101			726
United States agency debt securities	185			382
United States treasury debt securities	72			474
Certificates of deposit	28			110
Other	4			12
Total available-for-sale marketable securities	654			3,229
Foreign currency exchange forward contracts	25			32
Interest rate swap asset	15			10
Level 2 - Assets	694			3,271
Total assets measured at fair value	$	4,400		$	5,146
Deferred compensation arrangements	80			80
Level 1 - Liabilities	80			80
Foreign currency exchange forward contracts	10			12
Level 2 - Liabilities	10			12
Contingent consideration
Beginning Balance	48			59
Losses included in earnings	2			4
Settlements	(3		)	(15		)
Balance at the end of the period	47			48
Level 3 - Liabilities	47			48
Total liabilities measured at fair value	$	137		$	140

Available-for-sale Securities

The cost and estimated fair value of available-for-sale marketable securities at June 30, 2015 by contractual maturity are:

	Cost		Estimated Fair Value
Due in one year or less	$	489	$	489
Due after one year through three years	161		161
Due after three years	4		4

Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

ummary of marketable securities:

	June		December
	2015		2014
Available for Sale Securities:	Amortized Cost
Corporate and asset-backed debt securities	$	264	$	1,523
Foreign government debt securities	101		725
United States agency debt securities	185		382
United States treasury debt securities	72		474
Certificates of deposit	28		110
Other	4		12
	Gross Unrealized Gains
Corporate and asset-backed debt securities	$	—	$	3
Foreign government debt securities	—		2
	Gross Unrealized Losses
Corporate and asset-backed debt securities	$	—	$	(1	)
Foreign government debt securities	—		(1		)
	Estimated Fair Value
Corporate and asset-backed debt securities	$	264	$	1,525
Foreign government debt securities	101		726
United States agency debt securities	185		382
United States treasury debt securities	72		474
Certificates of deposit	28		110
Other	4		12
Total available-for-sale marketable securities	$	654	$	3,229
Trading marketable securities	80		80
Total marketable securities	$	734	$	3,309
Reported as:
Current assets - marketable securities	$	651	$	3,205
Current assets - prepaid expenses and other	3		24
Noncurrent assets - other	80		80

Investments Classified by Contractual Maturity Date

he fair value and gross unrealized losses of our investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position are:

	Number of Investments	Fair Value		Unrealized Losses
Corporate and asset-backed	73	$	111	$	—
Foreign Government	6	27		—
United States Agency	7	14		—
United States Debt	2	19		—
Certificate of deposit	5	17		—
Less than 12 months	93	$	188	$	—
Corporate and asset-backed	73	$	111	$	—
Foreign Government	7	28		—
United States Agency	7	14		—
United States Debt	2	19		—
Certificate of Deposit	5	17		—
Total	94	$	189	$	—