Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Measurements

Fair Value, Assets and Liabilities Measured on Recurring Basis

				Fair Value at		Fair Value Measurements
(Millions)				September 30, 2012		Using Inputs Considered as
Description							Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	726	$	―	$	726	$	―
		Foreign government agency securities			64		―		64		―
		Corporate debt securities			991		―		991		―
		Certificates of deposit/time deposits			76		―		76		―
		Commercial paper			396		―		396		―
		Asset-backed securities:
			Automobile loan related		774		―		774		―
			Credit card related		176		―		176		―
			Equipment lease related		70		―		70		―
			Other		24		―		24		―
		U.S. treasury securities			52		52		―		―
		U.S. municipal securities			34		―		34		―
		Auction rate securities			6		―		―		6
	Investments				3		3		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				54		54		―		―
	Commodity price swap contracts				1		1		―		―
	Interest rate swap contracts				25		―		25		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				71		70		1		―
	Commodity price swap contracts				1		1		―		―

				Fair Value at		Fair Value Measurements
(Millions)				December 31, 2011		Using Inputs Considered as
Description							Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	480	$	―	$	480	$	―
		Foreign government agency securities			23		―		23		―
		Corporate debt securities			668		―		668		―
		Certificates of deposit/time deposits			49		―		49		―
		Commercial paper			30		―		30		―
		Asset-backed securities:
			Automobile loan related		718		―		718		―
			Credit card related		268		―		268		―
			Equipment lease related		64		―		64		―
			Other		5		―		5		―
		U.S. treasury securities			34		34		―		―
		U.S. municipal securities			14		―		14		―
		Auction rate securities			4		―		―		4
	Investments				4		4		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				107		98		9		―
	Interest rate swap contracts				28		―		28		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				42		42		―		―
	Commodity price swap contracts				7		7		―		―

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

		Three months ended				Nine months ended
(Millions)		September 30,				September 30,
Marketable securities – auction rate securities only		2012		2011		2012		2011
Beginning balance		$	4	$	8	$	4	$	7
Total gains or losses:
	Included in earnings		―		―		―		―
	Included in other comprehensive income		2		(3)		2		(2)
Purchases, issuances, and settlements			―		―		―		―
Transfers in and/or out of Level 3			―		―		―		―
Ending balance (September 30)			6		5		6		5
Additional losses included in earnings due to reclassifications from
	other comprehensive income for:
	Securities sold during the period ended September 30		―		―		―		―
	Securities still held at September 30		―		―		―		―

Fair Value of Financial Instruments by Balance Sheet Grouping

	September 30, 2012					December 31, 2011
	Carrying		Fair		Carrying		Fair
(Millions)	Value		Value		Value		Value
Long-term debt, excluding current portion	$	4,852	$	5,347	$	4,484	$	5,002