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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Pretax effects of derivative instruments
The following are the pretax effects of derivative instruments on the consolidated statements of operations and the consolidated statements of comprehensive income (loss) for the years ended December 31, 2014, 2013 and 2012:
 
Amount of Gain or (Loss)
Recognized in
Other Comprehensive Income (Loss) on Derivatives (Effective Portion)
 
Location of Gain or (Loss)
 Reclassified from
AOCI into Income
(Effective Portion)
 
Amount of Gain or (Loss) Reclassified from
AOCI into Income
(Effective Portion)
(millions)
2014
 
2013
 
2012
 
 
 
2014
 
2013
 
2012
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
(19
)
 
$
1

 
$
(4
)
 
Cost of products sold
 
$
2

 
$
(2
)
 
$
(10
)
Foreign exchange contracts
4

 
3

 
(1
)
 
Cost of products sold
 
2

 
3

 
2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives in Net Investment Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
—

 
—

 
—

 
Gain on sale of discontinued operations
 
—

 
—

 
(1
)
Total
$
(15
)
 
$
4

 
$
(5
)
 
 
 
$
4

 
$
1

 
$
(9
)
 
 
Location of Gain or (Loss)
 Recognized in Income
on Derivatives
 
Amount of Gain or (Loss) Recognized in Income
on Derivatives
(millions)
 
 
 
2014
 
2013
 
2012
Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
 
Commodity contracts
Cost of products sold
 
$
(4
)
 
$
2

 
$
—

Foreign exchange contracts
Other (income) expense, net
 
—

 
—

 
—

Total
 
 
 
$
(4
)
 
$
2

 
$
—
Fair values of derivative instruments
The following are the fair values of derivative instruments on the consolidated balance sheets as of December 31, 2014 and 2013:
 
Balance Sheet
Location
Fair Value
 
Balance Sheet
Location
Fair Value
 
 
(millions)
 
12/31/14
 
12/31/13
 
 
12/31/14
 
12/31/13
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
 
 
Commodity contracts
Other current assets
$
1

 
$
2

 
Accrued expenses
$
14

 
$
—

Commodity contracts
Other assets
—

 
—

 
Other liabilities
7

 
—

Foreign exchange contracts
Other current assets
3

 
1

 
Accrued expenses
—

 
—

Total derivatives in hedging relationships
 
$
4

 
$
3

 
 
$
21

 
$
—

 
Balance Sheet
Location
Fair Value
 
Balance Sheet
Location
Fair Value
 
 
(millions)
 
12/31/14
 
12/31/13
 
 
12/31/14
 
12/31/13
Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
 
 
Commodity contracts
Other current assets
$
—

 
$
2

 
Accrued expenses
$
4

 
$
—

Commodity contracts
Other assets
—

 
—

 
Other liabilities
1

 
—

Total derivatives not designated as hedging instruments
 
$
—

 
$
2

 
 
$
5

 
$
—

 
 
 
 
 
 
 
 
 
 
Total derivatives
Total assets
$
4

 
$
5

 
Total liabilities
$
26

 
$
—