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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of 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, 2015, 2014 and 2013:
 
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)
2015
 
2014
 
2013
 
 
 
2015
 
2014
 
2013
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
(14
)
 
$
(19
)
 
$
1

 
Cost of products sold
 
$
(15
)
 
$
2

 
$
(2
)
Foreign exchange contracts
12

 
4

 
3

 
Cost of products sold
 
7

 
2

 
3

Foreign exchange contracts
1

 

 

 
Income and gain from the sale of equity method investment to related party
 
1

 

 

Total
$
(1
)
 
$
(15
)
 
$
4

 
 
 
$
(7
)
 
$
4

 
$
1

 
 
Location of Gain or (Loss)
 Recognized in Income
on Derivatives
 
Amount of Gain or (Loss) Recognized in Income
on Derivatives
(millions)
 
 
 
2015
 
2014
 
2013
Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
 
Commodity contracts
Cost of products sold
 
$
(3
)
 
$
(4
)
 
$
2

Foreign exchange contracts
Other (income) expense, net
 
2

 

 

Total
 
 
 
$
(1
)
 
$
(4
)
 
$
2

Schedule of fair values of derivative instruments
The following are the fair values of derivative instruments on the consolidated balance sheets as of December 31, 2015 and 2014:
 
Balance Sheet
Location
Fair Value
 
Balance Sheet
Location
Fair Value
 
 
(millions)
 
12/31/15
 
12/31/14
 
 
12/31/15
 
12/31/14
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
 
 
Commodity contracts
Other current assets
$
1

 
$
1

 
Accrued expenses
$
15

 
$
14

Commodity contracts
Other assets

 

 
Other liabilities
5

 
7

Foreign exchange contracts
Other current assets
8

 
3

 
Accrued expenses

 

Total derivatives in hedging relationships
 
$
9

 
$
4

 
 
$
20

 
$
21

 
Balance Sheet
Location
Fair Value
 
Balance Sheet
Location
Fair Value
 
 
(millions)
 
12/31/15
 
12/31/14
 
 
12/31/15
 
12/31/14
Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
 
 
Commodity contracts
Other current assets
$

 
$

 
Accrued expenses
$
2

 
$
4

Commodity contracts
Other assets

 

 
Other liabilities

 
1

Total derivatives not designated as hedging instruments
 
$

 
$

 
 
$
2

 
$
5

 
 
 
 
 
 
 
 
 
 
Total derivatives
Total assets
$
9

 
$
4

 
Total liabilities
$
22

 
$
26