Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014		Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	108	$	―	$	108	$	―
		Foreign government agency securities			95		―		95		―
		Corporate debt securities			619		―		619		―
		Certificates of deposit/time deposits			41		―		41		―
		Asset-backed securities:
			Automobile loan related		282		―		282		―
			Credit card related		162		―		162		―
			Equipment lease related		48		―		48		―
			Other		46		―		46		―
		U.S. treasury securities			38		38		―		―
		U.S. municipal securities			15		―		―		15
	Investments				1		1		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				229		―		229		―
	Interest rate swap contracts				27		―		27		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				36		―		36		―
	Commodity price swap contracts				4		―		4		―
	Interest rate swap contracts				3		―		3		―

						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, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

(Millions)
Marketable securities – auction rate securities and certain U.S. municipal securities only		2014		2013		2012
Beginning balance		$	11	$	7	$	4
Total gains or losses:
	Included in earnings		(1)		―		―
	Included in other comprehensive income		2		4		3
Purchases and issuances			15		―		―
Sales and settlements			(12)		―		―
Transfers in and/or out of level 3			―		―		―
Ending balance (December 31)			15		11		7
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, 2014					December 31, 2013
	Carrying		Fair		Carrying		Fair
(Millions)	Value		Value		Value		Value
Eurobond securities (repaid July 2014)	$	―	$	―	$	1,424	$	1,447
Long-term debt, excluding current portion		6,731		7,203		4,326		4,463