Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Derivative [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Total gross notional amounts for outstanding derivatives (recorded at fair value) at the end of each period were as follows:

(In Millions)	Sep 30, 2017		Dec 31, 2016		Oct 1, 2016
Foreign currency contracts	$	18,573	$	17,960	$	17,833
Interest rate contracts	18,171		14,228		10,046
Other	1,461		1,340		1,355
Total	$	38,205	$	33,528	$	29,234

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets

	September 30, 2017				December 31, 2016
(In Millions)	Assets 1		Liabilities 2		Assets 1		Liabilities 2
Derivatives designated as hedging instruments:
Foreign currency contracts 3	$	296	$	33	$	21	$	252
Interest rate contracts	8		125		3		187
Total derivatives designated as hedging instruments	304		158		24		439
Derivatives not designated as hedging instruments:
Foreign currency contracts 3	48		437		374		114
Interest rate contracts	11		27		15		30
Other	11		—		9		—
Total derivatives not designated as hedging instruments	70		464		398		144
Total derivatives	$	374	$	622	$	422	$	583

Offsetting Assets [Table Text Block]

The gross amounts of our derivative instruments and reverse repurchase agreements subject to master netting arrangements with various counterparties, and cash and non-cash collateral posted under such agreements at the end of each period were as follows:

	September 30, 2017
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	360	$	—	$	360	$	(201	)	$	(159	)	$	—
Reverse repurchase agreements	1,849		—		1,849		—			(1,849		)	—
Total assets	2,209		—		2,209		(201		)	(2,008		)	—
Liabilities:
Derivative liabilities subject to master netting arrangements	603		—		603		(201		)	(377		)	25
Total liabilities	$	603	$	—	$	603	$	(201	)	$	(377	)	$	25

	December 31, 2016
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	433	$	—	$	433	$	(368	)	$	(42	)	$	23
Reverse repurchase agreements	1,018		—		1,018		—			(1,018		)	—
Total assets	1,451		—		1,451		(368		)	(1,060		)	23
Liabilities:
Derivative liabilities subject to master netting arrangements	588		—		588		(368		)	(201		)	19
Total liabilities	$	588	$	—	$	588	$	(368	)	$	(201	)	$	19

Offsetting Liabilities [Table Text Block]

The gross amounts of our derivative instruments and reverse repurchase agreements subject to master netting arrangements with various counterparties, and cash and non-cash collateral posted under such agreements at the end of each period were as follows:

	September 30, 2017
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	360	$	—	$	360	$	(201	)	$	(159	)	$	—
Reverse repurchase agreements	1,849		—		1,849		—			(1,849		)	—
Total assets	2,209		—		2,209		(201		)	(2,008		)	—
Liabilities:
Derivative liabilities subject to master netting arrangements	603		—		603		(201		)	(377		)	25
Total liabilities	$	603	$	—	$	603	$	(201	)	$	(377	)	$	25

	December 31, 2016
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	433	$	—	$	433	$	(368	)	$	(42	)	$	23
Reverse repurchase agreements	1,018		—		1,018		—			(1,018		)	—
Total assets	1,451		—		1,451		(368		)	(1,060		)	23
Liabilities:
Derivative liabilities subject to master netting arrangements	588		—		588		(368		)	(201		)	19
Total liabilities	$	588	$	—	$	588	$	(368	)	$	(201	)	$	19

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The effects of derivative instruments not designated as hedging instruments on the consolidated condensed statements of income for each period were as follows:

		Three Months Ended						Nine Months Ended
(In Millions)	Location of Gains (Losses) Recognized in Income on Derivatives	Sep 30, 2017			Oct 1, 2016			Sep 30, 2017			Oct 1, 2016
Foreign currency contracts	Interest and other, net	$	(91	)	$	(35	)	$	(521	)	$	(209	)
Interest rate contracts	Interest and other, net	(3		)	7			(4		)	(8		)
Other	Various	40			72			135			90
Total		$	(54	)	$	44		$	(390	)	$	(127	)

Interest and other, net [Member] | Fair Value Hedging [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The effects of derivative instruments designated as fair value hedges, recognized in interest and other, net for each period were as follows:

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 30, 2017			Oct 1, 2016			Sep 30, 2017			Oct 1, 2016
Interest rate contracts	$	(15	)	$	(34	)	$	67		$	188
Hedged items	15			34			(67		)	(188		)
Total	$	—		$	—		$	—		$	—