Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 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				Dec. 31, 2013		Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	234	$	―	$	234	$	―
		Foreign government agency securities			125		―		125		―
		Corporate debt securities			781		―		781		―
		Certificates of deposit/time deposits			40		―		40		―
		Commercial paper			60		―		60		―
		Asset-backed securities:
			Automobile loan related		585		―		585		―
			Credit card related		180		―		180		―
			Equipment lease related		67		―		67		―
			Other		75		―		75		―
		U.S. treasury securities			49		49		―		―
		U.S. municipal securities			2		―		2		―
		Auction rate securities			11		―		―		11
	Investments				2		2		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				75		75		―		―
	Commodity price swap contracts				1		1		―		―
	Interest rate swap contracts				8		―		8		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				103		103		―		―
	Interest rate swap contracts				7		―		7		―

						Fair Value Measurements
(Millions)				Fair Value at		Using Inputs Considered as
Description				Dec. 31, 2012		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

(Millions)
Marketable securities – auction rate securities only		2013		2012		2011
Beginning balance		$	7	$	4	$	7
Total gains or losses:
	Included in earnings		―		―		―
	Included in other comprehensive income		4		3		(3)
Purchases, issuances, and settlements			―		―		―
Transfers in and/or out of Level 3			―		―		―
Ending balance (December 31)			11		7		4
Change in unrealized gains or losses for the period included in
	earnings for securities held at the end of the reporting period		―		―		―

Fair Value of Financial Instruments by Balance Sheet Grouping

		December 31, 2013					December 31, 2012
		Carrying		Fair		Carrying		Fair
(Millions)		Value		Value		Value		Value
Eurobond securities due 2014 (long-term in 2012 and
	short-term in 2013)	$	1,424	$	1,447	$	1,383	$	1,443
Long-term debt, excluding current portion and Eurobond
	securities due 2014		4,326		4,463		3,533		3,920