Derivatives and Hedging (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional and fair values of derivative instruments

The notional and fair values of derivative instruments are as follows (in millions):

	Notional Amount				Derivative Assets				Derivative Liabilities
	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Derivatives accounted for as hedges:
Interest rate contracts	$	322	$	336	$	16	$	17	$	—	$	—
Foreign exchange contracts	1,098		1,208		50		191		131		250
Total	1,420		1,544		66		208		131		250
Derivatives not accounted for as hedges:
Foreign exchange contracts	253		305		2		2		1		1
Total	$	1,673	$	1,849	$	68	$	210	$	132	$	251

Offsetting of financial assets and derivatives assets are as follows (in millions):

	Gross Amounts of Recognized Assets				Gross Amounts Offset in the Statement of Financial Position						Net Amounts of Assets Presented in the Statement of Financial Position (1)
	March 31, 2013		December 31, 2012		March 31, 2013			December 31, 2012			March 31, 2013		December 31, 2012
Derivatives accounted for as hedges:
Interest rate contracts	$	16	$	17	$	—		$	—		$	16	$	17
Foreign exchange contracts	50		191		(32		)	(160		)	18		31
Total	66		208		(32		)	(160		)	34		48
Derivatives not accounted for as hedges:
Foreign exchange contracts	2		2		(1		)	—			1		2
Total	$	68	$	210	$	(33	)	$	(160	)	$	35	$	50

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(1) Included within Other current assets or Other non-current assets

Offsetting of financial liabilities and derivative liabilities are as follows (in millions):

	Gross Amounts of Recognized Liabilities						Gross Amounts Offset in the Statement of Financial Position				Net Amounts of Liabilities Presented in the Statement of Financial Position (2)
	March 31, 2013			December 31, 2012			March 31, 2013		December 31, 2012		March 31, 2013			December 31, 2012
Derivatives accounted for as hedges:
Interest rate contracts	$	—		$	—		$	—	$	—	$	—		$	—
Foreign exchange contracts	(131		)	(250		)	32		160		(99		)	(90		)
Total	(131		)	(250		)	32		160		(99		)	(90		)
Derivatives not accounted for as hedges:
Foreign exchange contracts	(1		)	(1		)	1		—		—			(1		)
Total	$	(132	)	$	(251	)	$	33	$	160	$	(99	)	$	(91	)

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(2) Included within Other current liabilities or Other non-current liabilities

Derivative gains (losses)

The amounts of derivative gains (losses) recognized in the Condensed Consolidated Financial Statements for the three months endedMarch 31, 2013 and 2012 are as follows (in millions):

	Three months ended March 31,
	2013			2012
Gain (Loss) recognized in Accumulated Other Comprehensive Loss:
Cash Flow Hedges:
Interest rate contracts	$	—		$	—
Foreign exchange contracts	(29		)	2
Total	$	(29	)	$	2
Foreign Net Investment Hedges:
Foreign exchange contracts	$	—		$	(10	)
Gain (Loss) reclassified from Accumulated Other Comprehensive     Loss into Income (Effective Portion):
Cash Flow Hedges:
Interest rate contracts (1)	$	—		$	—
Foreign exchange contracts (2)	(11		)	(8		)
Total	(11		)	(8		)
Foreign Net Investment Hedges:
Foreign exchange contracts	$	—		$	—

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(1) Included within Fiduciary investment income and Interest expense

(2) Included within Other income and Interest expense

	Three months ended March 31,
	Amount of Gain (Loss) Recognized in Income on Derivative (1) (2)			Amount of Gain (Loss) Recognized in Income on Related Hedge Item (2)
	2013		2012	2013	2012
Fair value hedges:
Interest rate contracts	(1	)	2	1	(2	)

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(1) Relates to fixed rate debt

(2) Included in Interest expense