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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASURES (Tables)
 6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:
 
June 30, 2019
 
December 31, 2018
Assets:
 
 
 
Foreign currency exchange contracts
$
189

 
$
119

Available for sale investments
1,879

 
1,784

Interest rate swap agreements
36

 
20

Cross currency swap agreements
37

 
32

Liabilities:
 
 
 
Foreign currency exchange contracts
$
5

 
$
4

Interest rate swap agreements
18

 
65
Financial assets and liabilities that were not carried at fair value The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:
 
June 30, 2019
 
December 31, 2018
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
Assets
 
 
 
 
 
 
 
Long-term receivables
$
322

 
$
316

 
$
333

 
$
329

Liabilities
 
 
 
 
 
 
 
Long-term debt and related current maturities
$
12,625

 
$
13,286

 
$
12,628

 
$
13,133
Amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges [Table Text Block]
The following table sets forth the amounts on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges:
Line in the Consolidated Balance Sheet of Hedged Item
 
Carrying Amount of the Hedged Item
 
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
 
June 30, 2019
 
December 31, 2018
 
June 30, 2019
 
December 31, 2018
Long-term debt
 
$
2,618

 
$
2,555

 
$
18

 
$
(45
)
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following tables summarize the location and impact to the Consolidated Statement of Operations related to fair value and cash flow hedging relationships:


 
Three Months Ended June 30, 2019
 
Revenue
 
Cost of Products Sold
 
SG&A
 
Other (Income) Expense
 
Interest and Other Financial Charges
 
$
9,243

 
$
4,848

 
$
1,387

 
$
(305
)
 
$
85

Gain or (loss) on cash flow hedges:
 
 
 
 
 
 
 
 
 
Foreign Currency Exchange Contracts:
 
 
 
 
 
 
 
 
 
Amount reclassified from accumulated other comprehensive income into income
1

 
8

 
1

 
—

 
—

Amount excluded from effectiveness testing recognized in earnings using an amortization approach
—

 
6

 
—

 
9

 
—

Gain or (loss) on fair value hedges:
 
 
 
 
 
 
 
 
 
Interest Rate Swap Agreements:
 
 
 
 
 
 
 
 
 
Hedged Items
—

 
—

 
—

 
—

 
(37
)
Derivatives designated as hedges
—

 
—

 
—

 
—

 
37


 
Three Months Ended June 30, 2018
 
Revenue
 
Cost of Products Sold
 
SG&A
 
Other (Income) Expense
 
Interest and Other Financial Charges
 
$
10,919

 
$
6,202

 
$
1,528

 
$
(316
)
 
$
95

Gain or (loss) on cash flow hedges:
 
 
 
 
 
 
 
 
 
Foreign Currency Exchange Contracts:
 
 
 
 
 
 
 
 
 
Amount reclassified from accumulated other comprehensive income into income
(3
)
 
(12
)
 
—

 
—

 
—

Gain or (loss) on fair value hedges:
 
 
 
 
 
 
 
 
 
Interest Rate Swap Agreements:
 
 
 
 
 
 
 
 
 
Hedged Items
—

 
—

 
—

 
—

 
17

Derivatives designated as hedges
—

 
—

 
—

 
—

 
(17
)

 
Six Months Ended June 30, 2019
 
Revenue
 
Cost of Products Sold
 
SG&A
 
Other (Income) Expense
 
Interest and Other Financial Charges
 
$
18,127

 
$
9,470

 
$
2,750

 
(590
)
 
$
170

Gain or (loss) on cash flow hedges:
 
 
 
 
 
 
 
 
 
Foreign Currency Exchange Contracts:
 
 
 
 
 
 
 
 
 
Amount reclassified from accumulated other comprehensive income into income
1

 
24

 
1

 
24

 
—

Amount excluded from effectiveness testing recognized in earnings using an amortization approach
—

 
11

 
—

 
18

 
—

Gain or (loss) on fair value hedges:
 
 
 
 
 
 
 
 
 
Interest Rate Swap Agreements:
 
 
 
 
 
 
 
 
 
Hedged Items
—

 
—

 
—

 
—

 
(63
)
Derivatives designated as hedges
—

 
—

 
—

 
—

 
63



 
Six Months Ended June 30, 2018
 
Revenue
 
Cost of Products Sold
 
SG&A
 
Other (Income) Expense
 
Interest and Other Financial Charges
 
$
21,311

 
$
12,107

 
$
3,003

 
$
(584
)
 
$
178

Gain or (loss) on cash flow hedges:
 
 
 
 
 
 
 
 
 
Foreign Currency Exchange Contracts:
 
 
 
 
 
 
 
 
 
Amount reclassified from accumulated other comprehensive income into income
(6
)
 
(34
)
 
2

 
—

 
—

Amount excluded from effectiveness testing recognized in earnings using an amortization approach
—

 
—

 
—

 
—

 
—

Gain or (loss) on fair value hedges:
 
 
 
 
 
 
 
 
 
Interest Rate Swap Agreements:
 
 
 
 
 
 
 
 
 
Hedged Items
—

 
—

 
—

 
—

 
63

Derivatives designated as hedges
—

 
—

 
—

 
—

 
(63
)
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table summarizes the amounts of gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Derivatives Net Investment Hedging Relationships
2019
 
2018
 
2019
 
2018
Euro-denominated long-term debt
$
(43
)
 
$
201

 
$
26

 
$
119

Euro-denominated commercial paper
(44
)
 
209

 
27

 
108

Cross currency swap
(8
)
 
78

 
5

 
20

Foreign currency exchange contracts
(2
)
 
—

 
5

 
—