Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Measurements

Fair Value, Assets and Liabilities Measured on Recurring Basis

						Fair Value Measurements
(Millions)				Fair Value at		Using Inputs Considered as
Description				March 31, 2015		Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	68	$	―	$	68	$	―
		Foreign government agency securities			60		―		60		―
		Corporate debt securities			551		―		551		―
		Certificates of deposit/time deposits			24		―		24		―
		Commercial paper			27		―		27		―
		Asset-backed securities:
			Automobile loan related		167		―		167		―
			Credit card related		66		―		66		―
			Equipment lease related		7		―		7		―
			Other		46		―		46		―
		U.S. municipal securities			15		―		―		15
	Investments				1		1		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				529		―		529		―
	Commodity price swap contracts				1		―		1		―
	Interest rate swap contracts				31		―		31		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				69		―		69		―
	Commodity price swap contracts				4		―		4		―

				Fair Value at		Fair Value Measurements
(Millions)				December 31, 2014		Using Inputs Considered as
Description							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, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

		Three months ended
(Millions)		March 31,
Marketable securities – auction rate securities and certain U.S. municipal securities only		2015		2014
Beginning balance		$	15	$	11
Total gains or losses:
	Included in earnings		―		―
	Included in other comprehensive income		―		1
Purchases and issuances			―		―
Sales and settlements			―		―
Transfers in and/or out of Level 3			―		―
Ending balance (March 31)			15		12
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

	March 31, 2015					December 31, 2014
	Carrying		Fair		Carrying		Fair
(Millions)	Value		Value		Value		Value
Long-term debt, excluding current portion	$	6,459	$	6,938	$	6,731	$	7,203