Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 29, 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:

	Sept. 29,		Dec. 31,		Oct. 1,
(In Millions)	2012		2011		2011
Currency forwards	$	10,158	$	11,203	$	9,902
Currency interest rate swaps		2,574		1,650		1,870
Currency options		1,751		2		—
Embedded debt derivatives		3,600		3,600		3,600
Equity options		45		54		31
Interest rate swaps		1,132		1,837		2,001
Total return swaps		920		761		731
Other		111		126		136
Total	$	20,291	$	19,233	$	18,271

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

	Sept. 29,		Dec. 31,		Oct. 1,
(In Millions)	2012		2011		2011
British pound sterling	$	312	$	459	$	371
Chinese yuan		634		688		606
Euro		6,276		3,904		3,958
Israeli shekel		1,991		2,168		1,987
Japanese yen		3,831		3,477		3,464
Malaysian ringgit		340		805		549
Other		1,099		1,354		837
Total	$	14,483	$	12,855	$	11,772

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

The fair values of our derivative instruments as of September 29, 2012 and December 31, 2011 were as follows:

		Sept. 29, 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		$	51	$	4	$	60	$	—	$	61	$	—	$	170	$	7
Other			—		—		1		—		—		—		1		—
Total derivatives designated as
	hedging instruments	$	51	$	4	$	61	$	—	$	61	$	—	$	171	$	7
Derivatives not designated as
	hedging instruments
Currency forwards		$	35	$	—	$	30	$	—	$	54	$	—	$	34	$	—
Currency interest rate swaps			39		23		41		10		41		33		11		10
Currency options			38		—		38		—		—		—		—		—
Embedded debt derivatives			—		—		—		5		—		—		—		10
Equity options			—		5		2		—		—		6		9		—
Interest rate swaps			1		—		41		—		3		—		63		—
Total return swaps			4		—		—		—		7		—		—		—
Other			—		20		—		—		—		24		—		—
Total derivatives not designated
	as hedging instruments	$	117	$	48	$	152	$	15	$	105	$	63	$	117	$	20
Total derivatives		$	168	$	52	$	213	$	15	$	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 nine months endedSeptember 29, 2012 and October 1, 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)	Q3 2012		Q3 2011		Location	Q3 2012		Q3 2011
Currency forwards	$	190	$	(101)	Cost of sales	$	(10)	$	38
					Research and development		(25)		8
					Marketing, general and administrative		(13)		8
Other		1		—	Cost of sales		—		—
Total	$	191	$	(101)		$	(48)	$	54
	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	$	75	$	155	Cost of sales	$	16	$	114
					Research and development		(61)		31
					Marketing, general and administrative		(24)		25
Other		—		2	Cost of sales		(1)		2
Total	$	75	$	157		$	(70)	$	172

Not Designated as Hedging Instrument [Member]

Derivative Financial Instruments (Tables) [Abstract]

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 were as follows:

		Three Months Ended				Nine Months Ended
	Location of Gains (Losses)	Sept. 29,		Oct. 1,		Sept. 29,		Oct. 1,
(In Millions)	Recognized in Income on Derivatives	2012		2011		2012		2011
Currency forwards	Interest and other, net	$	19	$	34	$	(9)	$	50
Currency interest rate swaps	Interest and other, net		(53)		85		(40)		(43)
Currency options	Interest and other, net		3		—		3		—
Equity options	Gains (losses) on equity investments, net		—		(4)		1		(70)
Interest rate swaps	Interest and other, net		(3)		(11)		31		(30)
Total return swaps	Various		69		(64)		71		(44)
Other	Gains (losses) on equity investments, net		(1)		1		(4)		3
Total		$	34	$	41	$	53	$	(134)