Fair Value Measurements and Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2015
Financial Instruments and Fair Value Measurements [Abstract]  
Schedule of derivative instruments
The following summarizes the fair value of the Company’s derivative instruments and other financial instruments at March 31, 2015 and December 31, 2014:
 
Assets
 
Liabilities
 
 
Account
 
Fair Value
 
Account
 
Fair Value
Designated derivative instruments
 
3/31/15
 
12/31/14
 
 
 
3/31/15
 
12/31/14
Interest rate swap contracts
Other current assets
 
$
1

 
$
1

 
Other accruals
 
$
—

 
$
—

Interest rate swap contracts
Other assets
 
16

 
12

 
Other liabilities
 
—

 
2

Foreign currency contracts
Other current assets
 
36

 
21

 
Other accruals
 
18

 
4

Foreign currency contracts
Other assets
 
121

 
60

 
Other liabilities
 
—

 
—

Commodity contracts
Other current assets
 
—

 
—

 
Other accruals
 
1

 
1

Total designated
 
 
$
174

 
$
94

 
 
 
$
19

 
$
7

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated
 
 
 

 
 

 
 
 
 
 
 

Foreign currency contracts
Other assets
 
$
13

 
$
8

 
Other liabilities
 
$
—

 
$
—

Total not designated
 
 
$
13


$
8

 
 
 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
Total derivative instruments
 
$
187

 
$
102

 
 
 
$
19

 
$
7

 
 
 
 
 
 
 
 
 
 
 
 
Other financial instruments
 
 

 
 

 
 
 
 

 
 

Marketable securities
Other current assets
 
$
250

 
$
200

 
 
 
 

 
 

Available-for-sale securities
Other assets
 
398

 
322

 
 
 
 

 
 

Note receivable
Other current assets
 
42

 
42

 
 
 
 
 
 
Total other financial instruments
 
$
690

 
$
564

 
 
 
 

 
 
Activity related to fair value hedges
Activity related to fair value hedges recorded during the three months ended March 31, 2015 and 2014 was as follows:
 
2015
 
2014
 
Foreign
Currency
Contracts
 
Interest
Rate
Swaps
 
 
Total
 
Foreign
Currency
Contracts
 
Interest
Rate
Swaps
 
 
Total
Notional Value at March 31,
$
1,213

 
$
1,438

 
$
2,651

 
$
681

 
$
1,688

 
$
2,369

Three months ended March 31:
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on derivative
2

 
6

 
8

 
2

 
(10
)
 
(8
)
Gain (loss) on hedged items
(2
)
 
(6
)
 
(8
)
 
(2
)
 
10

 
8
Activity related to cash flow hedges
Activity related to cash flow hedges recorded during the three months ended March 31, 2015 and 2014 was as follows:
 
2015
 
2014
 
Foreign
Currency
Contracts
 
Commodity
Contracts
 
 
Total
 
Foreign
Currency
Contracts
 
Commodity
Contracts
 
 
Total
Notional Value at March 31,
$
595

 
$
12

 
$
607

 
$
401

 
$
15

 
$
416

Three months ended March 31:
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) recognized in OCI
7

 
(1
)
 
6

 
—

 
2

 
2

Gain (loss) reclassified into Cost of sales
7

 
(1
)
 
6

 
2

 
1

 
3
Activity related to net investment hedges
Activity related to net investment hedges recorded during the three months ended March 31, 2015 and 2014 was as follows:
 
2015
 
2014
 
Foreign
Currency
Contracts
 
Foreign
Currency
Debt
 
 
Total
 
Foreign
Currency
Contracts
 
Foreign
Currency
Debt
 
 
Total
Notional Value at March 31,
$
768

 
$
273

 
$
1,041

 
$
680

 
$
256

 
$
936

Three months ended March 31:
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on instruments
62

 
27

 
89

 
—

 
1

 
1

Gain (loss) on hedged items
(62
)
 
(27
)
 
(89
)
 
1

 
(1
)
 
—
Activity related to derivatives not designated as hedging instruments
Activity related to this contract during the three months ended March 31, 2015 and 2014 was as follows:
 
2015
 
2014
 
Cross-currency
Swap
 
Cross-currency
Swap
Notional Value at March 31,
$
102

 
$
96

Three months ended March 31:
 
 
 
Gain (loss) on instrument
5

 
(1
)
Gain (loss) on hedged item
(5
)
 
1
Reconciliation of the Venezuelan investments at fair value
The following table presents a reconciliation of the Venezuelan bonds at fair value for the three months ended March 31, 2015 and 2014:
 
2015
 
2014
Beginning balance as of January 1,
$
399

 
$
685

Unrealized gain (loss) on investment
(1
)
 
(298
)
Purchases and sales during the period
33

 
54

Ending balance as of March 31,
$
431

 
$
441