Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Measurements (Tables) [Abstract]

Gains (losses) recognized in earnings for derivatives designed as hedging instruments

The following presents the effect of our derivative instruments designated as cash flow hedges under Topic 815 on our accompanying consolidated statements of operations during 2015, 2014 and 2013 (in millions):

	Amount of Pre-tax Gain (Loss) Recognized in OCI (Effective Portion)		Amount of Pre-tax Gain (Loss) Reclassified from AOCI into Earnings (Effective Portion)		Location in Statement of Operations
Year Ended December 31, 2015
Interest rate contracts	$	11	$	2	Interest expense
Currency hedge contracts	98		213		Cost of products sold
	$	109	$	215
Year Ended December 31, 2014
Interest rate contracts	$	—	$	1	Interest expense
Currency hedge contracts	227		105		Cost of products sold
	$	227	$	106
Year Ended December 31, 2013
Interest rate contracts	$	—	$	1	Interest expense
Currency hedge contracts	207		36		Cost of products sold
	$	207	$	37

Classification of derivative assets and liabilities within level 2

The following are the balances of our derivative assets and liabilities as of December 31, 2015 and December 31, 2014:

		As of
		December 31,		December 31,
(in millions)	Location in Balance Sheet (1)	2015		2014
Derivative Assets:
Designated Hedging Instruments
Currency hedge contracts	Other current assets	$	138	$	178
Currency hedge contracts	Other long-term assets	66		141
Interest rate contracts	Other current assets	—		3
Interest rate contracts	Other long-term assets	—		22
		204		344
Non-Designated Hedging Instruments
Currency hedge contracts	Other current assets	33		100
Total Derivative Assets		$	237	$	444
Derivative Liabilities:
Designated Hedging Instruments
Currency hedge contracts	Other current liabilities	$	1	$	1
Non-Designated Hedging Instruments
Currency hedge contracts	Other current liabilities	22		35
Total Derivative Liabilities		$	23	$	36

(1) We classify derivative assets and liabilities as current when the remaining term of the derivative contract is one year or less.

Assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis consist of the following as of December 31, 2015 and December 31, 2014:

	As of December 31, 2015								As of December 31, 2014
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Money market and government funds	$	118	$	—	$	—	$	118	$	151	$	—	$	—	$	151
Currency hedge contracts	—		237		—		237		—		419		—		419
Interest rate contracts	—		—		—		—		—		25		—		25
	$	118	$	237	$	—	$	355	$	151	$	444	$	—	$	595
Liabilities
Currency hedge contracts	$	—	$	23	$	—	$	23	$	—	$	36	$	—	$	36
Accrued contingent consideration	—		—		246		246		—		—		274		274
	$	—	$	23	$	246	$	269	$	—	$	36	$	274	$	310

Changes in the fair value of recurring fair value measurements using Level 3 inputs

Our recurring fair value measurements using significant unobservable inputs (Level 3) relate solely to our contingent consideration liability

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

NetGainsand LossesonDerivatives not designated as hedging instruments [Table Text Block]

in millions										Location in Statement of Operations
	Year Ended December 31,
	2015			2014			2013
Gain (loss) on currency hedge contracts	$	48		$	52		$	45		Other, net
Gain (loss) on foreign currency transaction exposures	(69		)	(70		)	(56		)	Other, net
Net foreign currency gain (loss)	$	(21	)	$	(18	)	$	(11	)