Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Derivative Financial Instruments (Tables) [Abstract]

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

Total gross notional amounts for outstanding derivatives (recorded at fair value) were as follows:

	March 31,		Dec. 31,		April 2,
(In Millions)	2012		2011		2011
Currency forwards	$	11,116	$	11,203	$	8,123
Embedded debt derivatives		3,600		3,600		3,600
Currency interest rate swaps		1,812		1,650		1,690
Interest rate swaps		1,689		1,837		2,159
Total return swaps		821		761		649
Equity options		50		54		496
Other		101		128		128
Total	$	19,189	$	19,233	$	16,845

The gross notional amounts for currency forwards and currency interest rate swaps (presented by currency) were as follows:

	March 31,		Dec. 31,		April 2,
(In Millions)	2012		2011		2011
Japanese yen	$	4,040	$	3,477	$	3,047
Euro		3,553		3,904		4,035
Israeli shekel		1,823		2,168		1,199
Malaysian ringgit		914		805		336
Chinese yuan		803		688		341
British pound sterling		523		459		317
Other		1,272		1,352		538
Total	$	12,928	$	12,853	$	9,813

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

The fair values of our derivative instruments as of March 31, 2012 and December 31, 2011 were as follows:

		March 31, 2012								December 31, 2011
		Other		Other		Other		Other		Other		Other		Other		Other
		Current		Long-Term		Accrued		Long-Term		Current		Long-Term		Accrued		Long-Term
(In Millions)		Assets		Assets		Liabilities		Liabilities		Assets		Assets		Liabilities		Liabilities
Derivatives designated as
	hedging instruments
Currency forwards		$	26	$	1	$	183	$	17	$	61	$	—	$	170	$	7
Other			—		—		1		—		—		—		1		—
Total derivatives designated as
	hedging instruments	$	26	$	1	$	184	$	17	$	61	$	—	$	171	$	7
Derivatives not designated as
	hedging instruments
Currency forwards		$	55	$	—	$	29	$	—	$	54	$	—	$	34	$	—
Interest rate swaps			—		—		54		—		3		—		63		—
Currency interest rate swaps			27		23		8		13		41		33		11		10
Embedded debt derivatives			—		—		—		10		—		—		—		10
Total return swaps			5		—		—		—		7		—		—		—
Equity options			—		6		9		—		—		6		9		—
Other			—		22		—		—		—		24		—		—
Total derivatives not designated
	as hedging instruments	$	87	$	51	$	100	$	23	$	105	$	63	$	117	$	20
Total derivatives		$	113	$	52	$	284	$	40	$	166	$	63	$	288	$	27

Schedule Of Derivative Instruments In Cash Flow Hedging Relationships [Table Text Block]

The before-tax effects of derivative instruments in cash flow hedging relationships for the three months endedMarch 31, 2012 and April 2, 2011 were as follows:

	Gains (Losses) Recognized
	in OCI on Derivatives				Gains (Losses) Reclassified from Accumulated OCI into
	(Effective Portion)				Income by Derivative Instrument Type (Effective Portion)
(In Millions)	Q1 2012		Q1 2011		Location	Q1 2012		Q1 2011
Currency forwards	$	(74)	$	201	Cost of sales	$	15	$	34
					Research and development		(21)		8
					Marketing, general and administrative		(5)		5
Other		—		3	Cost of sales		(1)		1
Total	$	(74)	$	204		$	(12)	$	48

Schedule Of Derivative Instruments Not Designated As Hedging Instruments [Table Text Block]

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

		Three Months Ended
	Location of Gains (Losses)	March 31,		April 2,
(In Millions)	Recognized in Income on Derivatives	2012		2011
Currency forwards	Interest and other, net	$	15	$	14
Interest rate swaps	Interest and other, net		30		(1)
Currency interest rate swaps	Interest and other, net		(56)		(110)
Total return swaps	Various		59		23
Equity options	Gains (losses) on equity investments, net		—		(117)
Other	Gains (losses) on equity investments, net		(2)		2
Total		$	46	$	(189)