Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Measurements [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 2016, 2015 and 2014 (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, 2016
Interest rate contracts	$	—	$	1	Interest expense
Currency hedge contracts	65		133		Cost of products sold
	$	65	$	134
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

Classification of derivative assets and liabilities within level 2

The following are the balances of our derivative assets and liabilities as of December 31, 2016 and December 31, 2015:

		As of
		December 31,		December 31,
(in millions)	Location in Balance Sheet (1)	2016		2015
Derivative Assets:
Designated Hedging Instruments
Currency hedge contracts	Other current assets	$	98	$	138
Currency hedge contracts	Other long-term assets	65		66
		163		204
Non-Designated Hedging Instruments
Currency hedge contracts	Other current assets	36		33
Total Derivative Assets		$	199	$	237
Derivative Liabilities:
Designated Hedging Instruments
Currency hedge contracts	Other current liabilities	$	3	$	1
Currency hedge contracts	Other long-term liabilities	4		—
		7		1
Non-Designated Hedging Instruments
Currency hedge contracts	Other current liabilities	19		22
Total Derivative Liabilities		$	26	$	23

(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, 2016 and December 31, 2015:

	As of December 31, 2016								As of December 31, 2015
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Money market and government funds	$	42	$	—	$	—	$	42	$	118	$	—	$	—	$	118
Available-for-sale-securities	20		—		—		20		—		—		—		—
Currency hedge contracts	—		199		—		199		—		237		—		237
	$	62	$	199	$	—	$	261	$	118	$	237	$	—	$	355
Liabilities
Currency hedge contracts	$	—	$	26	$	—	$	26	$	—	$	23	$	—	$	23
Accrued contingent consideration	—		—		204		$	204	—		—		246		246
	$	—	$	26	$	204	$	230	$	—	$	23	$	246	$	269

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,
	2016			2015			2014
Gain (loss) on currency hedge contracts	$	(20	)	$	48		$	52		Other, net
Gain (loss) on foreign currency transaction exposures	7			(69		)	(70		)	Other, net
Net foreign currency gain (loss)	$	(13	)	$	(21	)	$	(18	)