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Fair Value Measurements and Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables present information about the company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 and December 31, 2017:
 
 
June 30,

 
Quoted
Prices in
Active
Markets

 
Significant
Other
Observable
 Inputs

 
Significant
Unobservable
Inputs

(In millions)
 
2018

 
(Level 1)

 
(Level 2)

 
(Level 3)

 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Cash equivalents
 
$
52

 
$
52

 
$
—

 
$
—

Bank time deposits
 
2

 
2

 
—

 
—

Investments in mutual funds and other similar instruments
 
13

 
13

 
—

 
—

Warrants
 
4

 
—

 
4

 
—

Insurance contracts
 
116

 
—

 
116

 
—

Derivative contracts
 
9

 
—

 
9

 
—

 
 
 
 
 
 
 
 
 
Total Assets
 
$
196

 
$
67

 
$
129

 
$
—

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Derivative contracts
 
$
176

 
$
—

 
$
176

 
$
—

Contingent consideration
 
40

 
—

 
—

 
40

 
 
 
 
 
 
 
 
 
Total Liabilities
 
$
216

 
$
—

 
$
176

 
$
40

 
 
December 31,

 
Quoted
Prices in
 Active
Markets

 
Significant
Other
Observable
 Inputs

 
Significant
 Unobservable
 Inputs

(In millions)
 
2017

 
(Level 1)

 
(Level 2)

 
(Level 3)

 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Cash equivalents
 
$
22

 
$
22

 
$
—

 
$
—

Bank time deposits
 
2

 
2

 
—

 
—

Investments in mutual funds and other similar instruments
 
13

 
13

 
—

 
—

Warrants
 
2

 
—

 
2

 
—

Insurance contracts
 
116

 
—

 
116

 
—

Derivative contracts
 
10

 
—

 
10

 
—

 
 
 
 
 
 
 
 
 
Total Assets
 
$
165

 
$
37

 
$
128

 
$
—

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Derivative contracts
 
$
139

 
$
—

 
$
139

 
$
—

Contingent consideration
 
35

 
—

 
—

 
35

 
 
 
 
 
 
 
 
 
Total Liabilities
 
$
174

 
$
—

 
$
139

 
$
35
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table provides a rollforward of the fair value, as determined by level 3 inputs, of the contingent consideration.
 
 
Six Months Ended
 
 
June 30,

 
July 1,

(In millions)
 
2018

 
2017

 
 
 
 
 
Contingent Consideration
 
 
 
 
Beginning Balance
 
$
35

 
$
6

Acquisitions
 
11

 
9

Payments
 
(5
)
 
—

Change in fair value included in earnings
 
(1
)
 
26

 
 
 
 
 
Ending Balance
 
$
40

 
$
41
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The following table provides the aggregate notional value of outstanding derivative contracts.
 
 
June 30,

 
December 31,

(In millions)
 
2018

 
2017

 
 
 
 
 
Notional Amount
 
 
 
 
Interest rate swaps (described in Note 8)
 
$
3,100

 
$
3,100

Cross-currency interest rate swaps - designated as net investment hedges
 
1,200

 
—

Currency exchange contracts
 
1,974

 
2,921
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
 
 
Fair Value – Assets
 
Fair Value – Liabilities
 
 
June 30,


December 31,

 
June 30,

 
December 31,

(In millions)
 
2018


2017

 
2018

 
2017

 
 
 
 
 
 
 
 
 
Derivatives Designated as Hedging Instruments
 
 
 
 
 
 
 
Interest rate swaps (a)
 
$
—

 
$
—

 
$
172

 
$
124

Cross-currency interest rate swaps (b)
 
6

 
—

 
—

 
—

Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
Currency exchange contracts (c)
 
3

 
10

 
4

 
15

 
 
 
 
 
 
 
 
 
Total Derivatives
 
$
9

 
$
10

 
$
176

 
$
139

(a)
The fair value of the interest rate swaps is included in the consolidated balance sheet under the caption other long-term liabilities.
(b)
The fair value of the cross-currency interest rate swaps is included in the consolidated balance sheet under the caption other assets.
(c)
The fair value of the currency exchange contracts is included in the consolidated balance sheet under the captions other current assets or other accrued expenses.
The following amounts related to cumulative basis adjustments for fair value hedges were included in the consolidated balance sheet under the caption long-term obligations:
 
 
Carrying Amount of the Hedged Liability
 
Cumulative Amount of Fair Value Hedging Adjustment - Increase (Decrease) Included in Carrying Amount of Liability (d)
 
 
June 30,

 
December 31,

 
June 30,

 
December 31,

(In millions)
 
2018

 
2017

 
2018

 
2017

 
 
 
 
 
 
 
 
 
Long-term Obligations
 
$
3,250

 
$
3,309

 
$
(132
)
 
$
(70
)
(d)
Includes increases in the carrying amount of $37 million and $43 million at June 30, 2018 and December 31, 2017, respectively, on discontinued hedging relationships
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
 
 
Gain (Loss) Recognized
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,

 
July 1,

 
June 30,

 
July 1,

(In millions)
 
2018

 
2017

 
2018

 
2017

 
 
 
 
 
 
 
 
 
Fair Value Hedging Relationships
 
 
 
 
 
 
 
 
Interest rate swaps
 
 
 
 
 
 
 
 
Hedged long-term obligations - included in other expense, net
 
$
(11
)
 
$
16

 
$
(49
)
 
$
10

Derivatives designated as hedging instruments - included in other expense, net
 
10

 
(14
)
 
52

 
(5
)
Derivatives Designated as Cash Flow Hedges
 
 
 
 
 
 
 
 
Interest rate swaps
 
 
 
 
 
 
 
 
Amount reclassified from accumulated other comprehensive items to other expense, net
 
(3
)
 
(3
)
 
(6
)
 
(6
)
Derivatives Designated as Net Investment Hedges
 
 
 
 
 
 
 
 
Foreign currency-denominated debt
 
 
 
 
 
 
 
 
Included in currency translation adjustment within other comprehensive items
 
400

 
(283
)
 
200

 
(329
)
Cross-currency interest rate swaps
 
 
 
 
 
 
 
 
Included in currency translation adjustment within other comprehensive items
 
3

 
—

 
3

 
—

Included in other expense, net
 
3

 
—

 
3

 
—

Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
 
Currency exchange contracts
 
 
 
 
 
 
 
 
Included in cost of revenues
 
2

 
(1
)
 
—

 
(2
)
Included in other expense, net
 
35

 
52

 
27

 
71
Fair Value, by Balance Sheet Grouping [Table Text Block]
The carrying value and fair value of the company’s notes receivable and debt obligations are as follows:
 
 
June 30, 2018
 
December 31, 2017
 
 
Carrying

 
Fair

 
Carrying

 
Fair

(In millions)
 
Value

 
Value

 
Value

 
Value

 
 
 
 
 
 
 
 
 
Notes Receivable
 
$
97

 
$
101

 
$
89

 
$
93

 
 
 
 
 
 
 
 
 
Debt Obligations:
 
 
 
 
 
 
 
 
Senior notes
 
$
18,392

 
$
18,603

 
$
20,024

 
$
20,639

Commercial paper
 
1,005

 
1,005

 
960

 
960

Other
 
23

 
23

 
24

 
24

 
 
 
 
 
 
 
 
 
 
 
$
19,420

 
$
19,631

 
$
21,008

 
$
21,623

The fair value of debt obligations was determined based on quoted market prices and on borrowing rates available to the company at the respective period ends which represent level 2 measurements.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
The carrying value and fair value of the company’s notes receivable and debt obligations are as follows:
 
 
June 30, 2018
 
December 31, 2017
 
 
Carrying

 
Fair

 
Carrying

 
Fair

(In millions)
 
Value

 
Value

 
Value

 
Value

 
 
 
 
 
 
 
 
 
Notes Receivable
 
$
97

 
$
101

 
$
89

 
$
93

 
 
 
 
 
 
 
 
 
Debt Obligations:
 
 
 
 
 
 
 
 
Senior notes
 
$
18,392

 
$
18,603

 
$
20,024

 
$
20,639

Commercial paper
 
1,005

 
1,005

 
960

 
960

Other
 
23

 
23

 
24

 
24

 
 
 
 
 
 
 
 
 
 
 
$
19,420

 
$
19,631

 
$
21,008

 
$
21,623

The fair value of debt obligations was determined based on quoted market prices and on borrowing rates available to the company at the respective period ends which represent level 2 measurements.