Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Location and Fair Value of Foreign Currency Sales Contracts Recorded on Consolidated Balance Sheets

The location and fair value of the foreign currency sales contracts recorded on the condensed consolidated balance sheets were as follows:

	Location	September 30, 2014			December 31, 2013
Fair value hedge contracts	Other current assets	$	251		$	426
	Other noncurrent assets		9			17
	Other current liabilities		291			0
	Other noncurrent liabilities		21			0
Fair value hedged items	Receivables		(18	)		(36	)
	Other current assets		246			0
	Other noncurrent assets		19			0
	Other current liabilities		200			488
	Other noncurrent liabilities		16			40
Cash flow hedge contracts	Other current liabilities		13			0

Summary of Amount Recognized as and Reclassified from Accumulated Other Comprehensive Income (Loss)

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive loss. The balances as of September 30, 2014 and 2013 and the amount recognized as and reclassified from accumulated other comprehensive loss for each of the periods is summarized below. All amounts are after-tax.

Three Months Ended September 30, 2014	Comprehensive Income (Loss) Beginning of the Period			Plus Recognized as Comprehensive Income (Loss)			Less Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss			Comprehensive Income (Loss) End of the Period
Foreign currency sales contracts – cash flow hedges	$	(21	)	$	31		$	13		$	(3	)
Foreign currency purchase contracts		265			0			3			262
Futures contracts – copper and aluminum		29			(103	)		(3	)		(71	)
	$	273		$	(72	)	$	13		$	188
Three Months Ended September 30, 2013
Foreign currency sales contracts – cash flow hedges	$	0		$	0		$	0		$	0
Foreign currency purchase contracts		282			0			4			278
Futures contracts – copper and aluminum		(331	)		152			(148	)		(31	)
	$	(49	)	$	152		$	(144	)	$	247

Nine Months Ended September 30, 2014	Comprehensive Income (Loss) Beginning of the Period		Plus Recognized as Comprehensive Income (Loss)			Less Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss			Comprehensive Income (Loss) End of the Period
Foreign currency sales contracts – cash flow hedges	$	0	$	10		$	13		$	(3	)
Foreign currency purchase contracts		275		0			13			262
Futures contracts – copper and aluminum		38		(190	)		(81	)		(71	)
	$	313	$	(180	)	$	(55	)	$	188
Nine Months Ended September 30, 2013
Foreign currency sales contracts – cash flow hedges	$	0	$	0		$	0		$	0
Foreign currency purchase contracts		292		0			14			278
Futures contracts – copper and aluminum		26		(277	)		(220	)		(31	)
	$	318	$	(277	)	$	(206	)	$	247

Summary of Change in Fair Value Reclassified or Expected to be Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive loss to earnings is summarized below. All amounts are pre-tax.

	Location of Gain (Loss) in Statements of Operations	Estimated to be Reclassified in the Next 12 Months			Three Months Ended September 30,						Nine Months Ended September 30,
					2014			2013			2014			2013
Foreign currency sales contracts – cash flow hedges	Sales	$	(7	)	$	22		$	0		$	22		$	0
Foreign currency purchase contracts	Depreciation		28			6			6			20			20
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation)		(120	)		(7	)		(237	)		(130	)		(352	)