Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Measurements

Fair Value, Assets and Liabilities Measured on Recurring Basis

						Fair Value Measurements
(Millions)				Fair Value at		Using Inputs Considered as
Description				June 30, 2013		Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	365	$	―	$	365	$	―
		Foreign government agency securities			73		―		73		―
		Corporate debt securities			806		―		806		―
		Certificates of deposit/time deposits			77		―		77		―
		Commercial paper			165		―		165		―
		Asset-backed securities:
			Automobile loan related		896		―		896		―
			Credit card related		155		―		155		―
			Equipment lease related		123		―		123		―
			Other		67		―		67		―
		U.S. treasury securities			103		103		―		―
		U.S. municipal securities			12		―		12		―
		Auction rate securities			10		―		―		10
	Investments				3		3		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				88		88		―		―
	Interest rate swap contracts				15		―		15		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				57		57		―		―
	Commodity price swap contracts				1		1		―		―

				Fair Value at		Fair Value Measurements
(Millions)				December 31, 2012		Using Inputs Considered as
Description							Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	287	$	―	$	287	$	―
		Foreign government agency securities			67		―		67		―
		Corporate debt securities			965		―		965		―
		Certificates of deposit/time deposits			41		―		41		―
		Commercial paper			116		―		116		―
		Asset-backed securities:
			Automobile loan related		942		―		942		―
			Credit card related		157		―		157		―
			Equipment lease related		90		―		90		―
			Other		39		―		39		―
		U.S. treasury securities			72		72		―		―
		U.S. municipal securities			27		―		27		―
		Auction rate securities			7		―		―		7
	Investments				3		3		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				49		49		―		―
	Interest rate swap contracts				23		―		23		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				105		104		1		―
	Commodity price swap contracts				1		1		―		―

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

		Three months ended				Six months ended
(Millions)		June 30,				June 30,
Marketable securities – auction rate securities only		2013		2012		2013		2012
Beginning balance		$	7	$	5	$	7	$	4
Total gains or losses:
	Included in earnings		―		―		―		―
	Included in other comprehensive income		3		(1)		3		―
Purchases, issuances, and settlements			―		―		―		―
Transfers in and/or out of Level 3			―		―		―		―
Ending balance (June 30)			10		4		10		4
Additional losses included in earnings due to reclassifications from
	other comprehensive income for:
	Securities sold during the period ended June 30		―		―		―		―
	Securities still held at June 30		―		―		―		―

Fair Value of Financial Instruments by Balance Sheet Grouping

	June 30, 2013					December 31, 2012
	Carrying		Fair		Carrying		Fair
(Millions)	Value		Value		Value		Value
Long-term debt, excluding current portion	$	4,884	$	5,116	$	4,916	$	5,363