Fair Value Measurements and Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2017
Financial Instruments and Fair Value Measurements [Abstract]  
Schedule of derivative instruments
The following table summarizes the fair value of the Company’s derivative instruments and other financial instruments which are carried at fair value in the Company’s Consolidated Balance Sheets at June 30, 2017 and December 31, 2016:
 
Assets
 
Liabilities
 
 
Account
 
Fair Value
 
Account
 
Fair Value
Designated derivative instruments
 
6/30/17
 
12/31/16
 
 
 
6/30/17
 
12/31/16
Interest rate swap contracts
Other current assets
 
$
—

 
$
1

 
Other accruals
 
$
—

 
$
—

Interest rate swap contracts
Other assets
 
—

 
1

 
Other liabilities
 
1

 
—

Foreign currency contracts
Other current assets
 
13

 
29

 
Other accruals
 
28

 
4

Foreign currency contracts
Other assets
 
—

 
5

 
Other liabilities
 
26

 
—

Commodity contracts
Other current assets
 
—

 
—

 
Other accruals
 
—

 
—

Total designated
 
 
$
13

 
$
36

 
 
 
$
55

 
$
4

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated
 
 
 

 
 

 
 
 
 
 
 

Foreign currency contracts
Other current assets
 
$
—

 
$
—

 
Other accruals
 
$
1

 
$
—

Total not designated
 
 
$
—


$
—

 
 
 
$
1

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
Total derivative instruments
 
$
13

 
$
36

 
 
 
$
56

 
$
4

 
 
 
 
 
 
 
 
 
 
 
 
Other financial instruments
 
 

 
 

 
 
 
 

 
 

Marketable securities
Other current assets
 
$
144

 
$
23

 
 
 
 

 
 

Total other financial instruments
 
$
144

 
$
23

 
 
 
 

 
 
Activity related to fair value hedges
Activity related to fair value hedges recorded during the three and six months ended June 30, 2017 and 2016 was as follows:
 
2017
 
2016
 
Foreign
Currency
Contracts
 
Interest
Rate
Swaps
 
 
Total
 
Foreign
Currency
Contracts
 
Interest
Rate
Swaps
 
 
Total
Notional Value at June 30,
$
930

 
$
600

 
$
1,530

 
$
347

 
$
1,250

 
$
1,597

Three months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on derivatives
(3
)
 
—

 
(3
)
 
(6
)
 
1

 
(5
)
Gain (loss) on hedged items
3

 
—

 
3

 
6

 
(1
)
 
5

Six months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on derivatives
(1
)
 
(2
)
 
(3
)
 
(5
)
 
9

 
4

Gain (loss) on hedged items
1

 
2

 
3

 
5

 
(9
)
 
(4
)
Activity related to cash flow hedges
Activity related to cash flow hedges recorded during the three and six months ended June 30, 2017 and 2016 was as follows:
 
2017
 
2016
 
Foreign
Currency
Contracts
 
Commodity
Contracts
 
 
Total
 
Foreign
Currency
Contracts
 
Commodity
Contracts
 
 
Total
Notional Value at June 30,
$
719

 
$
2

 
$
721

 
$
705

 
$
9

 
$
714

Three months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) recognized in OCI
(7
)
 
—

 
(7
)
 
5

 
2

 
7

Gain (loss) reclassified into Cost of sales
(1
)
 
—

 
(1
)
 
(3
)
 
1

 
(2
)
Six months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) recognized in OCI
(20
)
 
—

 
(20
)
 
(9
)
 
2

 
(7
)
Gain (loss) reclassified into Cost of sales
2

 
—

 
2

 
—

 
—

 
—
Activity related to net investment hedges
Activity related to net investment hedges recorded during the three and six months ended June 30, 2017 and 2016 was as follows:
 
2017
 
2016
 
Foreign
Currency
Contracts
 
Foreign
Currency
Debt
 
 
Total
 
Foreign
Currency
Contracts
 
Foreign
Currency
Debt
 
 
Total
Notional Value at June 30,
$
800

 
$
572

 
$
1,372

 
$
895

 
$
1,280

 
$
2,175

Three months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on instruments
(28
)
 
(78
)
 
(106
)
 
10

 
26

 
36

Gain (loss) on hedged items
27

 
78

 
105

 
(7
)
 
(26
)
 
(33
)
Six months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on instruments
(46
)
 
(93
)
 
(139
)
 
(16
)
 
(23
)
 
(39
)
Gain (loss) on hedged items
47

 
93

 
140

 
16

 
23

 
39
Activity related to derivatives not designated as hedging instruments
Activity related to these contracts during the three and six months ended June 30, 2017 and 2016 was as follows:
 
 
2017
 
2016
 
 
Foreign Currency Contracts
 
Foreign Currency Contracts
Notional Value at June 30,
 
$
48

 
$
5

Three months ended June 30,
 
 
 


Gain (loss) on instruments
 
—

 
2

Gain (loss) on hedged items
 
—

 
(2
)
Six months ended June 30,
 
 
 


Gain (loss) on instruments
 
—

 
5

Gain (loss) on hedged items
 
—

 
(5
)