Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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				June 30, 2015		Level 1		Level 2		Level 3
Assets:
Available-for-sale:
	Marketable securities:
		U.S. government agency securities		$	50	$	―	$	50	$	―
		Foreign government agency securities			50		―		50		―
		Corporate debt securities			230		―		230		―
		Certificates of deposit/time deposits			27		―		27		―
		Commercial paper			36		―		36		―
		Asset-backed securities:
			Automobile loan related		66		―		66		―
			Credit card related		13		―		13		―
			Equipment lease related		8		―		8		―
			Other		20		―		20		―
		U.S. municipal securities			15		―		―		15
	Investments				1		1		―		―
Derivative instruments — assets:
	Foreign currency forward/option contracts				345		―		345		―
	Interest rate swap contracts				20		―		20		―
Liabilities:
Derivative instruments — liabilities:
	Foreign currency forward/option contracts				79		―		79		―
	Commodity price swap contracts				2		―		2		―

				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

(Millions)		Three months ended				Six months ended
Marketable securities – auction rate securities and		June 30,				June 30,
certain U.S. municipal securities only		2015		2014		2015		2014
Beginning balance		$	15	$	12	$	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			15		12		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

	June 30, 2015					December 31, 2014
	Carrying		Fair		Carrying		Fair
(Millions)	Value		Value		Value		Value
Long-term debt, excluding current portion	$	8,431	$	8,722	$	6,731	$	7,203