Fair Value Measurements (Notes)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

FAIR VALUE MEASUREMENTS

Cash equivalents, marketable securities, and derivative financial instruments are remeasured and presented on our financial statements on a recurring basis at fair value, while other assets and liabilities are measured at fair value on a nonrecurring basis.

There have been no changes to the types of inputs used or the valuation techniques since year end.

Input Hierarchy of Items Measured at Fair Value on a Recurring Basis

The following table categorizes the fair values of items measured at fair value on a recurring basis on our balance sheet (in millions):

	September 30, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Automotive Sector
Assets
Cash equivalents – financial instruments
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	64	$	—	$	64
Non-U.S. government and agencies	—		422		—		422		—		122		—		122
Corporate debt	—		70		—		70		—		20		—		20
Total cash equivalents (a)	—		492		—		492		—		206		—		206
Marketable securities
U.S. government and agencies	609		3,434		—		4,043		969		5,789		—		6,758
Non-U.S. government and agencies	—		6,220		—		6,220		—		7,004		—		7,004
Corporate debt	—		3,568		—		3,568		—		2,738		—		2,738
Equities	217		—		—		217		322		—		—		322
Other marketable securities	—		356		—		356		—		313		—		313
Total marketable securities	826		13,578		—		14,404		1,291		15,844		—		17,135
Derivative financial instruments (b)	—		754		—		754		—		517		—		517
Total assets at fair value	$	826	$	14,824	$	—	$	15,650	$	1,291	$	16,567	$	—	$	17,858
Liabilities
Derivative financial instruments (b)	$	—	$	650	$	1	$	651	$	—	$	710	$	3	$	713
Total liabilities at fair value	$	—	$	650	$	1	$	651	$	—	$	710	$	3	$	713
Financial Services Sector
Assets
Cash equivalents – financial instruments
Non-U.S. government and agencies	$	—	$	307	$	—	$	307	$	—	$	341	$	—	$	341
Corporate debt	—		20		—		20		—		10		—		10
Total cash equivalents (a)	—		327		—		327		—		351		—		351
Marketable securities
U.S. government and agencies	105		319		—		424		17		1,251		—		1,268
Non-U.S. government and agencies	—		700		—		700		—		405		—		405
Corporate debt	—		1,613		—		1,613		—		1,555		—		1,555
Other marketable securities	—		20		—		20		—		30		—		30
Total marketable securities	105		2,652		—		2,757		17		3,241		—		3,258
Derivative financial instruments (b)	—		1,168		—		1,168		—		859		—		859
Total assets at fair value	$	105	$	4,147	$	—	$	4,252	$	17	$	4,451	$	—	$	4,468
Liabilities
Derivative financial instruments (b)	$	—	$	280	$	—	$	280	$	—	$	167	$	—	$	167
Total liabilities at fair value	$	—	$	280	$	—	$	280	$	—	$	167	$	—	$	167

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(a) Excludes time deposits, certificates of deposit, money market accounts, and other cash equivalents reported at par value on our balance sheet totaling $6.2 billion and $3.3 billion for Automotive sector and $4.9 billion and $3.8 billion for Financial Services sector at September 30, 2015 and December 31, 2014, respectively. In addition to these cash equivalents, we also had cash on hand totaling $1.1 billion and $1.1 billion for Automotive sector and $1.7 billion and $2 billion for Financial Services sector at September 30, 2015 and December 31, 2014, respectively.

(b) See Note 12 for additional information regarding derivative financial instruments.