Derivatives (Tables)

3 Months Ended

Mar. 31, 2012

Derivatives

Gain (loss) on derivative instruments designated as cash flow hedges

Three months ended March 31, 2012 (Millions)	Pretax Gain (Loss) Recognized in Other Comprehensive Income on Effective Portion of Derivative			Pretax Gain (Loss) Recognized in Income on Effective Portion of Derivative as a Result of Reclassification from Accumulated Other Comprehensive Income				Ineffective Portion of Gain (Loss) on Derivative and Amount Excluded from Effectiveness Testing Recognized in Income
Derivatives in Cash Flow Hedging Relationships	Amount			Location	Amount			Location	Amount
Foreign currency forward/option contracts	$	(24	)	Cost of sales	$	—		Cost of sales	$	—
Foreign currency forward contracts	1			Interest expense	—			Interest expense	—
Commodity price swap contracts	(5		)	Cost of sales	(4		)	Cost of sales	—
Total	$	(28	)		$	(4	)		$	—
Three months ended March 31, 2011 (Millions)	Pretax Gain (Loss) Recognized in Other Comprehensive Income on Effective Portion of Derivative			Pretax Gain (Loss) Recognized in Income on Effective Portion of Derivative as a Result of Reclassification from Accumulated Other Comprehensive Income				Ineffective Portion of Gain (Loss) on Derivative and Amount Excluded from Effectiveness Testing Recognized in Income
Derivatives in Cash Flow Hedging Relationships	Amount			Location	Amount			Location	Amount
Foreign currency forward/option contracts	$	(34	)	Cost of sales	$	(6	)	Cost of sales	$	—
Foreign currency forward contracts	8			Interest expense	10			Interest expense	—
Commodity price swap contracts	(1		)	Cost of sales	(4		)	Cost of sales	—
Total	$	(27	)		$	—			$	—

Gain (loss) on derivative instruments designated as fair value hedges

Three months ended March 31, 2012	Gain (Loss) on Derivative				Gain (Loss) on Hedged Item
(Millions)	Recognized in Income				Recognized in Income
Derivatives in Fair Value Hedging Relationships	Location	Amount			Location	Amount
Interest rate swap contracts	Interest expense	$	(1	)	Interest expense	$	1
Total		$	(1	)		$	1
Three months ended March 31, 2011	Gain (Loss) on Derivative				Gain (Loss) on Hedged Item
(Millions)	Recognized in Income				Recognized in Income
Derivatives in Fair Value Hedging Relationships	Location	Amount			Location	Amount
Interest rate swap contracts	Interest expense	$	(10	)	Interest expense	$	10
Total		$	(10	)		$	10

Gain (loss) on derivative and non-derivative instruments designated as net investment hedges

Three months ended March 31, 2012 Derivative and Nonderivative Instruments in Net Investment Hedging Relationships	Pretax Gain (Loss) Recognized as Cumulative Translation within Other Comprehensive Income on Effective Portion of Instrument			Ineffective Portion of Gain (Loss) on Instrument and Amount Excluded from Effectiveness Testing Recognized in Income
(Millions)	Amount			Location	Amount
Foreign currency denominated debt	$	(40	)	N/A	$	—
Total	$	(40	)		$	—
Three months ended March 31, 2011 Derivative and Nonderivative Instruments in Net Investment Hedging Relationships	Pretax Gain (Loss) Recognized as Cumulative Translation within Other Comprehensive Income on Effective Portion of Instrument			Ineffective Portion of Gain (Loss) on Instrument and Amount Excluded from Effectiveness Testing Recognized in Income
(Millions)	Amount			Location	Amount
Foreign currency denominated debt	$	(85	)	N/A	$	—
Total	$	(85	)		$	—

Gain (loss) on derivative instruments not designated as hedging instruments

Derivatives Not Designated as Hedging Instruments	Three months ended March 31, 2012 Gain (Loss) on Derivative Recognized in Income
(Millions)	Location	Amount
Foreign currency forward/option contracts	Cost of sales	$	(15	)
Foreign currency forward contracts	Interest expense	27
Commodity price swap contracts	Cost of sales	1
Total		$	13
Derivatives Not Designated as Hedging Instruments	Three months ended March 31, 2011 Gain (Loss) on Derivative Recognized in Income
(Millions)	Location	Amount
Foreign currency forward/option contracts	Cost of sales	$	(12	)
Foreign currency forward contracts	Interest expense	16
Total		$	4

Location and Fair Value of Derivative Instruments

March 31, 2012
(Millions)	Assets			Liabilities
Fair Value of Derivative Instruments	Location	Amount		Location	Amount
Derivatives designated as hedging instruments
Foreign currency forward/option contracts	Other current assets	$	34	Other current liabilities	$	36
Commodity price swap contracts	Other current assets	—		Other current liabilities	7
Interest rate swap contracts	Other assets	27		Other liabilities	—
Total derivatives designated as hedging instruments		$	61		$	43
Derivatives not designated as hedging instruments
Foreign currency forward/option contracts	Other current assets	$	18	Other current liabilities	$	11
Total derivatives not designated as hedging instruments		$	18		$	11
Total derivative instruments		$	79		$	54
December 31, 2011
(Millions)	Assets			Liabilities
Fair Value of Derivative Instruments	Location	Amount		Location	Amount
Derivatives designated as hedging instruments
Foreign currency forward/option contracts	Other current assets	$	82	Other current liabilities	$	34
Commodity price swap contracts	Other current assets	—		Other current liabilities	7
Interest rate swap contracts	Other assets	28		Other liabilities	—
Total derivatives designated as hedging instruments		$	110		$	41
Derivatives not designated as hedging instruments
Foreign currency forward/option contracts	Other current assets	$	25	Other current liabilities	$	8
Total derivatives not designated as hedging instruments		$	25		$	8
Total derivative instruments		$	135		$	49