Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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:

	June 30,		Dec. 31,		July 2,
(In Millions)	2012		2011		2011
Currency forwards	$	11,336	$	11,203	$	8,661
Currency interest rate swaps		1,877		1,650		1,713
Embedded debt derivatives		3,600		3,600		3,600
Equity options		45		54		44
Interest rate swaps		1,431		1,837		2,055
Total return swaps		861		761		797
Other		108		128		120
Total	$	19,258	$	19,233	$	16,990

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

	June 30,		Dec. 31,		July 2,
(In Millions)	2012		2011		2011
British pound sterling	$	406	$	459	$	368
Chinese yuan		805		688		403
Euro		3,731		3,904		4,289
Israeli shekel		2,099		2,168		1,459
Japanese yen		4,056		3,477		2,935
Malaysian ringgit		870		805		365
Other		1,246		1,352		555
Total	$	13,213	$	12,853	$	10,374

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

The fair values of our derivative instruments as of June 30, 2012 and December 31, 2011 were as follows:

		June 30, 2012								Dec. 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		$	21	$	1	$	190	$	4	$	61	$	—	$	170	$	7
Other			—		—		—		—		—		—		1		—
Total derivatives designated as
	hedging instruments	$	21	$	1	$	190	$	4	$	61	$	—	$	171	$	7
Derivatives not designated as
	hedging instruments
Currency forwards		$	48	$	—	$	43	$	—	$	54	$	—	$	34	$	—
Currency interest rate swaps			69		36		1		2		41		33		11		10
Embedded debt derivatives			—		—		—		8		—		—		—		10
Equity options			—		6		8		—		—		6		9		—
Interest rate swaps			3		—		45		—		3		—		63		—
Total return swaps			4		—		—		—		7		—		—		—
Other			—		21		1		—		—		24		—		—
Total derivatives not designated
	as hedging instruments	$	124	$	63	$	98	$	10	$	105	$	63	$	117	$	20
Total derivatives		$	145	$	64	$	288	$	14	$	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 and six months endedJune 30, 2012 and July 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)	Q2 2012		Q2 2011		Location	Q2 2012		Q2 2011
Currency forwards	$	(41)	$	55	Cost of sales	$	11	$	42
					Research and development		(15)		15
					Marketing, general and administrative		(6)		12
Other		(1)		(1)	Cost of sales		—		1
Total	$	(42)	$	54		$	(10)	$	70
	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)	YTD 2012		YTD 2011		Location	YTD 2012		YTD 2011
Currency forwards	$	(115)	$	256	Cost of sales	$	26	$	76
					Research and development		(36)		23
					Marketing, general and administrative		(11)		17
Other		(1)		2	Cost of sales		(1)		2
Total	$	(116)	$	258		$	(22)	$	118

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				Six Months Ended
	Location of Gains (Losses)	June 30,		July 2,		June 30,		July 2,
(In Millions)	Recognized in Income on Derivatives	2012		2011		2012		2011
Currency forwards	Interest and other, net	$	(43)	$	2	$	(28)	$	16
Currency interest rate swaps	Interest and other, net		69		(18)		13		(128)
Equity options	Gains (losses) on equity investments, net		1		51		1		(66)
Interest rate swaps	Interest and other, net		4		(18)		34		(19)
Total return swaps	Various		(57)		(3)		2		20
Other	Gains (losses) on equity investments, net		(1)		—		(3)		2
Total		$	(27)	$	14	$	19	$	(175)