Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Interest Rate And Cross Currency Derivatives By Type Table

The following table presents the Company’s outstanding notional (in millions) under its types of derivatives as of March 31, 2016 with significant notionals, regardless of whether they are in qualifying cash flow hedging relationships, and the date through which the maturities for each type of derivative range:

Derivatives	Current Notional Translated to USD		Latest Maturity
Interest Rate (LIBOR and EURIBOR)	$	3,201	2033
Cross-Currency Swaps (Chilean Unidad de Fomento)	169		2028
Foreign Currency:
Argentine Peso	162		2026
Chilean Unidad de Fomento	304		2019
Others, primarily with weighted average remaining maturities of a year or less	687		2017

Derivative Assets Liabilities At Fair Value Net By Balance Sheet Classification And Type Table

The following tables present amounts about assets and liabilities related to the Company’s derivative instruments as of March 31, 2016 and December 31, 2015 (in millions):

Fair Value	March 31, 2016						December 31, 2015
Assets	Designated		Not Designated		Total		Designated		Not Designated		Total
Foreign currency derivatives	$	14	$	327	$	341	$	8	$	319	$	327
Commodity derivatives	37		34		71		30		18		48
Total assets	$	51	$	361	$	412	$	38	$	337	$	375
Liabilities
Interest rate derivatives	$	464	$	—	$	464	$	358	$	—	$	358
Cross-currency derivatives	33		—		33		43		—		43
Foreign currency derivatives	35		25		60		35		21		56
Commodity derivatives	11		39		50		12		21		33
Total liabilities	$	543	$	64	$	607	$	448	$	42	$	490

	March 31, 2016				December 31, 2015
Fair Value	Assets		Liabilities		Assets		Liabilities
Current	$	92	$	145	$	86	$	144
Noncurrent	320		462		289		346
Total	$	412	$	607	$	375	$	490
Credit Risk-Related Contingent Features					March 31, 2016		December 31, 2015
Present value of liabilities subject to collateralization based on credit rating of certain subsidiaries					$	68	$	58
Cash collateral held by third parties or in an escrow account as a result of the credit rating					$	40	$	38

Gain Loss In Earnings On Ineffective Portion Of Qualifying Cash Flow Hedges Table

The next table presents (in millions) the pretax gains (losses) recognized in AOCL and earnings related to all derivative instruments for the periods indicated:

	Three Months Ended March 31,
	2016			2015
Effective portion of cash flow hedges:
Gain (Losses) recognized in AOCL
Interest rate derivatives	$	(130	)	$	(98	)
Cross-currency derivatives	8			—
Foreign currency derivatives	—			2
Commodity derivatives	37			7
Total	$	(85	)	$	(89	)
Gain (Losses) reclassified from AOCL into earnings
Interest rate derivatives	$	(29	)	$	(24	)
Cross-currency derivatives	9			(1		)
Foreign currency derivatives	2			6
Commodity derivatives	22			5
Total	$	4		$	(14	)
Gain (Losses) recognized in earnings related to
Ineffective portion of cash flow hedges	$	2		$	(2	)
Not designated as hedging instruments:
Foreign currency derivatives	$	40		$	32
Other	(9		)	(8		)
Total	$	31		$	24
				Twelve Months Ended March 31, 2017
AOCL expected to increase (decrease) pre-tax income from continuing operations (primarily interest rate derivatives)				$	(104	)