Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following effects of risk-management instruments were recognized in other–net, (income) expense:



	Three Months Ended
	March 31,
	2014			2013
Fair value hedges:
Effect from hedged fixed-rate debt	$	51.8		$	(69.0	)
Effect from interest rate contracts	(51.8		)	69.0
Cash flow hedges:
Effective portion of losses on equity contracts reclassified from accumulated other comprehensive loss⁽¹⁾	39.5			—
Effective portion of losses on interest rate contracts reclassified from accumulated other comprehensive loss	2.2			2.2
Net (gains) losses on foreign currency exchange contracts not designated as hedging instruments	(0.3		)	0.1

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The following tables summarize certain fair value information at March 31, 2014 and December 31, 2013 for assets and liabilities measured at fair value on a recurring basis, as well as the carrying amount and amortized cost of certain other investments:



					Fair Value Measurements Using
Description	Carrying Amount		Amortized Cost		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)	Fair Value
March 31, 2014
Cash and cash equivalents	$	3,888.0	$	3,888.0	$	3,668.2	$	219.8	$	$	3,888.0

Short-term investments:
Government-related debt securities:
U.S. government and agencies	$	151.1	$	151.0	$	151.1	$		$	$	151.1
Foreign and other	106.8		106.8				106.8			106.8
Corporate debt securities	841.8		838.9				841.8			841.8
Other securities	2.5		2.5				2.5			2.5
Marketable equity	222.2		56.3		222.2					222.2
Short-term investments	$	1,324.4	$	1,155.5

Noncurrent investments:
Government-related debt securities:
U.S. government and agencies	$	854.0	$	860.3	$	843.2	$	10.8	$	$	854.0
Foreign and other	122.7		122.7				122.7			122.7
Corporate debt securities	4,569.5		4,545.5				4,569.5			4,569.5
Mortgage-backed	631.9		644.0				631.9			631.9
Asset-backed	541.8		546.0				541.8			541.8
Other securities	7.6		8.2				7.6			7.6
Marketable equity	108.7		22.8		108.7					108.7
Equity method and other investments⁽¹⁾	368.6		368.6
Noncurrent investments	$	7,204.8	$	7,118.1

December 31, 2013
Cash and cash equivalents	$	3,830.2	$	3,830.2	$	3,772.6	$	57.6	$	$	3,830.2

Short-term investments:
U.S. government and agencies	$	276.4	$	276.6	$	276.4	$		$	$	276.4
Corporate debt securities	931.7		929.8				931.7			931.7
Other securities	2.7		2.7				2.7			2.7
Marketable equity	356.3		75.0		356.3					356.3
Short-term investments	$	1,567.1	$	1,284.1

Noncurrent investments:
U.S. government and agencies	$	1,115.6	$	1,126.1	$	1,035.6	$	80.0	$	$	1,115.6
Corporate debt securities	4,940.5		4,933.7				4,940.5			4,940.5
Mortgage-backed	636.0		652.4				636.0			636.0
Asset-backed	490.0		494.5				490.0			490.0
Other securities	7.3		8.3				7.3			7.3
Marketable equity	81.2		22.8		81.2					81.2
Equity method and other investments⁽¹⁾	354.3		354.3
Noncurrent investments	$	7,624.9	$	7,592.1

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]



				Fair Value Measurements Using
Description	Carrying Amount			Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)	Fair Value
Long-term debt, including current portion
March 31, 2014	$	(5,264.4	)	$	$	(5,595.5	)	$	$	(5,595.5	)
December 31, 2013	(5,212.9		)		(5,490.9		)		(5,490.9		)

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

The table below summarizes the contractual maturities of our investments in debt securities measured at fair value as of March 31, 2014:



	Maturities by Period
	Total		Less Than 1 Year		2-5 Years		6-10 Years		More Than 10 Years
Fair value of debt securities	$	7,829.7	$	1,102.2	$	5,304.3	$	662.2	$	761.0

Fair Value, by Balance Sheet Grouping [Table Text Block]



				Fair Value Measurements Using
Description	Carrying Amount			Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)	Fair Value
March 31, 2014
Risk-management instruments
Interest rate contracts designated as hedging instruments:
Sundry	$	334.1			$	334.1			$	334.1
Other noncurrent liabilities	(1.2		)		(1.2		)		(1.2		)
Foreign exchange contracts not designated as hedging instruments:
Other receivables	6.4				6.4				6.4
Other current liabilities	(8.0		)		(8.0		)		(8.0		)
Equity contracts designated as hedging instruments:
Other current liabilities	(63.7		)		(63.7		)		(63.7		)

December 31, 2013
Risk-management instruments
Interest rate contracts designated as hedging instruments:
Other receivables	20.1				20.1				20.1
Sundry	278.7				278.7				278.7
Other noncurrent liabilities	(0.9		)		(0.9		)		(0.9		)
Foreign exchange contracts not designated as hedging instruments:
Other receivables	6.7				6.7				6.7
Other current liabilities	(7.1		)		(7.1		)		(7.1		)
Equity contracts designated as hedging instruments:
Other current liabilities	(149.6		)		(149.6		)		(149.6		)

Available-for-sale Securities [Table Text Block]

A summary of the fair value of available-for-sale securities in an unrealized gain or loss position and the amount of unrealized gains and losses (pretax) in accumulated other comprehensive loss follows:



	March 31, 2014		December 31, 2013
Unrealized gross gains	$	293.9	$	375.6
Unrealized gross losses	38.3		59.8
Fair value of securities in an unrealized gain position	5,356.0		4,982.7
Fair value of securities in an unrealized loss position	2,607.6		3,664.7

Gain (Loss) on Investments [Table Text Block]

Activity related to our investment portfolio, substantially all of which related to available-for-sale securities, was as follows:



	Three Months Ended
	March 31,
	2014		2013
Proceeds from sales	$	3,742.2	$	3,705.9
Realized gross gains on sales	79.8		10.0
Realized gross losses on sales	4.0		2.5

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

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