Derivatives (Tables)

9 Months Ended

Sep. 30, 2015

Derivatives

Gain (loss) on derivative instruments designated as cash flow hedges

Three months ended September 30, 2015

			Pretax Gain (Loss) Recognized in
	Pretax Gain (Loss)		Income on Effective Portion of			Ineffective Portion of Gain
	Recognized in Other		Derivative as a Result of			(Loss) on Derivative and
	Comprehensive		Reclassification from			Amount Excluded from
	Income on Effective		Accumulated Other			Effectiveness Testing
(Millions)	Portion of Derivative		Comprehensive Income			Recognized in Income
Derivatives in Cash Flow Hedging Relationships	Amount		Location	Amount		Location	Amount
Foreign currency forward/option contracts	$	57	Cost of sales	$	55	Cost of sales	$	—
Interest rate swap contracts		—	Interest expense		—	Interest expense		—
Total	$	57		$	55		$	—

Nine months ended September 30, 2015

			Pretax Gain (Loss) Recognized in
	Pretax Gain (Loss)		Income on Effective Portion of			Ineffective Portion of Gain
	Recognized in Other		Derivative as a Result of			(Loss) on Derivative and
	Comprehensive		Reclassification from			Amount Excluded from
	Income on Effective		Accumulated Other			Effectiveness Testing
(Millions)	Portion of Derivative		Comprehensive Income			Recognized in Income
Derivatives in Cash Flow Hedging Relationships	Amount		Location	Amount		Location	Amount
Foreign currency forward/option contracts	$	177	Cost of sales	$	120	Cost of sales	$	—
Commodity price swap contracts		—	Cost of sales		(2)	Cost of sales		—
Interest rate swap contracts		—	Interest expense		(2)	Interest expense		—
Total	$	177		$	116		$	—

Three months ended September 30, 2014

			Pretax Gain (Loss) Recognized in
	Pretax Gain (Loss)		Income on Effective Portion of			Ineffective Portion of Gain
	Recognized in Other		Derivative as a Result of			(Loss) on Derivative and
	Comprehensive		Reclassification from			Amount Excluded from
	Income on Effective		Accumulated Other			Effectiveness Testing
(Millions)	Portion of Derivative		Comprehensive Income			Recognized in Income
Derivatives in Cash Flow Hedging Relationships	Amount		Location	Amount		Location	Amount
Foreign currency forward/option contracts	$	103	Cost of sales	$	(7)	Cost of sales	$	—
Commodity price swap contracts		(3)	Cost of sales		(1)	Cost of sales		—
Interest rate swap contracts		(2)	Interest expense		(1)	Interest expense		—
Total	$	98		$	(9)		$	—

Nine months ended September 30, 2014

			Pretax Gain (Loss) Recognized in
	Pretax Gain (Loss)		Income on Effective Portion of			Ineffective Portion of Gain
	Recognized in Other		Derivative as a Result of			(Loss) on Derivative and
	Comprehensive		Reclassification from			Amount Excluded from
	Income on Effective		Accumulated Other			Effectiveness Testing
(Millions)	Portion of Derivative		Comprehensive Income			Recognized in Income
Derivatives in Cash Flow Hedging Relationships	Amount		Location	Amount		Location	Amount
Foreign currency forward/option contracts	$	90	Cost of sales	$	(9)	Cost of sales	$	—
Commodity price swap contracts		(2)	Cost of sales		2	Cost of sales		—
Interest rate swap contracts		(2)	Interest expense		(1)	Interest expense		—
Total	$	86		$	(8)		$	—

Gain (loss) on derivative instruments designated as fair value hedges

Three months ended September 30, 2015

	Gain (Loss) on Derivative			Gain (Loss) on Hedged Item
(Millions)	Recognized in Income			Recognized in Income
Derivatives in Fair Value Hedging Relationships	Location	Amount		Location	Amount
Interest rate swap contracts	Interest expense	$	20	Interest expense	$	(20)
Total		$	20		$	(20)

Nine months ended September 30, 2015

	Gain (Loss) on Derivative			Gain (Loss) on Hedged Item
(Millions)	Recognized in Income			Recognized in Income
Derivatives in Fair Value Hedging Relationships	Location	Amount		Location	Amount
Interest rate swap contracts	Interest expense	$	15	Interest expense	$	(15)
Total		$	15		$	(15)

Three months ended September 30, 2014

	Gain (Loss) on Derivative			Gain (Loss) on Hedged Item
(Millions)	Recognized in Income			Recognized in Income
Derivatives in Fair Value Hedging Relationships	Location	Amount		Location	Amount
Interest rate swap contracts	Interest expense	$	—	Interest expense	$	—
Total		$	—		$	—

Nine months ended September 30, 2014

	Gain (Loss) on Derivative			Gain (Loss) on Hedged Item
(Millions)	Recognized in Income			Recognized in Income
Derivatives in Fair Value Hedging Relationships	Location	Amount		Location	Amount
Interest rate swap contracts	Interest expense	$	13	Interest expense	$	(13)
Total		$	13		$	(13)

Gain (loss) on derivative and non-derivative instruments designated as net investment hedges

Three months ended September 30, 2015

	Pretax Gain (Loss)
	Recognized as
	Cumulative Translation
	within Other		Ineffective Portion of Gain (Loss) on
	Comprehensive Income		Instrument and Amount Excluded
Derivative and Nonderivative Instruments in Net Investment Hedging	on Effective Portion of		from Effectiveness Testing
Relationships	Instrument		Recognized in Income
(Millions)	Amount		Location	Amount
Foreign currency denominated debt	$	(24)	N/A	$	—
Foreign currency forward contracts		19	Cost of sales		4
Total	$	(5)		$	4

Nine months ended September 30, 2015

	Pretax Gain (Loss)
	Recognized as
	Cumulative Translation
	within Other		Ineffective Portion of Gain (Loss) on
	Comprehensive Income		Instrument and Amount Excluded
Derivative and Nonderivative Instruments in Net Investment Hedging	on Effective Portion of		from Effectiveness Testing
Relationships	Instrument		Recognized in Income
(Millions)	Amount		Location	Amount
Foreign currency denominated debt	$	161	N/A	$	—
Foreign currency forward contracts		121	Cost of sales		8
Total	$	282		$	8

Three months ended September 30, 2014

	Pretax Gain (Loss)
	Recognized as
	Cumulative Translation
	within Other		Ineffective Portion of Gain (Loss) on
	Comprehensive Income		Instrument and Amount Excluded
Derivative and Nonderivative Instruments in Net Investment Hedging	on Effective Portion of		from Effectiveness Testing
Relationships	Instrument		Recognized in Income
(Millions)	Amount		Location	Amount
Foreign currency denominated debt	$	54	N/A	$	—
Foreign currency forward contracts		55	Cost of sales		—
Total	$	109		$	—

Nine months ended September 30, 2014

	Pretax Gain (Loss)
	Recognized as
	Cumulative Translation
	within Other		Ineffective Portion of Gain (Loss) on
	Comprehensive Income		Instrument and Amount Excluded
Derivative and Nonderivative Instruments in Net Investment Hedging	on Effective Portion of		from Effectiveness Testing
Relationships	Instrument		Recognized in Income
(Millions)	Amount		Location	Amount
Foreign currency denominated debt	$	81	N/A	$	—
Foreign currency forward contracts		56	Cost of sales		—
Total	$	137		$	—

Gain (loss) on derivative instruments not designated as hedging instruments

	Three months ended September 30, 2015			Nine months ended September 30, 2015
	Gain (Loss) on Derivative Recognized in			Gain (Loss) on Derivative Recognized in
Derivatives Not Designated as Hedging Instruments	Income			Income
(Millions)	Location	Amount		Location	Amount
Foreign currency forward/option contracts	Cost of sales	$	(5)	Cost of sales	$	—
Foreign currency forward contracts	Interest expense		(34)	Interest expense		(6)
Commodity price swap contracts	Cost of sales		1	Cost of sales		(3)
Total		$	(38)		$	(9)

	Three months ended September 30, 2014			Nine months ended September 30, 2014
	Gain (Loss) on Derivative Recognized in			Gain (Loss) on Derivative Recognized in
Derivatives Not Designated as Hedging Instruments	Income			Income
(Millions)	Location	Amount		Location	Amount
Foreign currency forward/option contracts	Cost of sales	$	8	Cost of sales	$	5
Foreign currency forward contracts	Interest expense		(72)	Interest expense		(4)
Total		$	(64)		$	1

Location and Fair Value of Derivative Instruments

September 30, 2015
(Millions)	Assets			Liabilities
Fair Value of Derivative Instruments	Location	Amount		Location	Amount
Derivatives designated as hedging instruments
Foreign currency forward/option contracts	Other current assets	$	204	Other current liabilities	$	4
Foreign currency forward/option contracts	Other assets		71	Other liabilities		4
Interest rate swap contracts	Other assets		40	Other liabilities		—
Total derivatives designated as hedging instruments		$	315		$	8
Derivatives not designated as hedging instruments
Foreign currency forward/option contracts	Other current assets	$	53	Other current liabilities	$	79
Commodity price swap contracts	Other current assets		—	Other current liabilities		1
Total derivatives not designated as hedging instruments		$	53		$	80
Total derivative instruments		$	368		$	88

December 31, 2014
(Millions)	Assets			Liabilities
Fair Value of Derivative Instruments	Location	Amount		Location	Amount
Derivatives designated as hedging instruments
Foreign currency forward/option contracts	Other current assets	$	116	Other current liabilities	$	2
Foreign currency forward/option contracts	Other assets		47	Other liabilities		1
Commodity price swap contracts	Other current assets		—	Other current liabilities		4
Interest rate swap contracts	Other assets		27	Other liabilities		3
Total derivatives designated as hedging instruments		$	190		$	10
Derivatives not designated as hedging instruments
Foreign currency forward/option contracts	Other current assets	$	66	Other current liabilities	$	33
Total derivatives not designated as hedging instruments		$	66		$	33
Total derivative instruments		$	256		$	43

Offsetting Assets

Offsetting of Financial Assets under Master Netting Agreements with Derivative Counterparties

September 30, 2015			Gross Amounts not Offset in the
			Consolidated Balance Sheet that are Subject
	Gross Amount of		to Master Netting Agreements
	Derivative Assets		Gross Amount of
	Presented in the		Eligible Offsetting
	Consolidated		Recognized		Cash Collateral		Net Amount of
(Millions)	Balance Sheet		Derivative Liabilities		Received		Derivative Assets
Derivatives subject to master netting agreements	$	368	$	28	$	—	$	340
Derivatives not subject to master netting agreements		—						—
Total	$	368					$	340

December 31, 2014			Gross Amounts not Offset in the
			Consolidated Balance Sheet that are Subject
	Gross Amount of		to Master Netting Agreements
	Derivative Assets		Gross Amount of
	Presented in the		Eligible Offsetting
	Consolidated		Recognized		Cash Collateral		Net Amount of
(Millions)	Balance Sheet		Derivative Liabilities		Received		Derivative Assets
Derivatives subject to master netting agreements	$	256	$	20	$	—	$	236
Derivatives not subject to master netting agreements		—						—
Total	$	256					$	236

Offsetting Liabilities

Offsetting of Financial Liabilities under Master Netting Agreements with Derivative Counterparties

September 30, 2015			Gross Amounts not Offset in the
			Consolidated Balance Sheet that are Subject
	Gross Amount of		to Master Netting Agreements
	Derivative Liabilities		Gross Amount of
	Presented in the		Eligible Offsetting
	Consolidated		Recognized		Cash Collateral		Net Amount of
(Millions)	Balance Sheet		Derivative Assets		Pledged		Derivative Liabilities
Derivatives subject to master netting agreements	$	81	$	28	$	—	$	53
Derivatives not subject to master netting agreements		7						7
Total	$	88					$	60

December 31, 2014			Gross Amounts not Offset in the
			Consolidated Balance Sheet that are Subject
	Gross Amount of		to Master Netting Agreements
	Derivative Liabilities		Gross Amount of
	Presented in the		Eligible Offsetting
	Consolidated		Recognized		Cash Collateral		Net Amount of
(Millions)	Balance Sheet		Derivative Assets		Pledged		Derivative Liabilities
Derivatives subject to master netting agreements	$	36	$	20	$	—	$	16
Derivatives not subject to master netting agreements		7						7
Total	$	43					$	23