Financial Instruments (Details) - USD ($)
$ in Millions |
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Dec. 31, 2015 |
| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
|
|
|
|
|
| Four Quarter Rolling Average of Notional Amount of Foreign Exchange Contracts Hedging Foreign Currency Transactions |
$ 18,000
|
|
$ 18,000
|
|
$ 15,600
|
| Description of Net Investment Hedge Activity |
|
|
we have issued approximately €2.95 billion of Euro-denominated debt, which qualifies as a net investment hedge against our investments in European businesses. As of September 30, 2016, the net investment hedge is deemed to be effective.
|
|
|
| Derivatives designated as hedging instruments, Asset Derivatives |
30
|
|
$ 30
|
|
4
|
| Derivatives not designated as hedging instruments, Asset Derivatives |
71
|
|
71
|
|
97
|
| Derivatives designated as hedging instruments, Liability Derivatives |
130
|
|
130
|
|
428
|
| Derivatives not designated as hedging instruments, Liability Derivatives |
51
|
|
51
|
|
$ 105
|
| (Loss) gain recorded in Accumulated other comprehensive loss |
(7)
|
$ (152)
|
188
|
$ (274)
|
|
| Loss reclassified from Accumulated other comprehensive loss into Product Sales (effective portion) |
32
|
64
|
139
|
164
|
|
| Foreign Currency Cash Flow Hedge Loss to be Reclassified During Next 12 Months |
53
|
|
$ 53
|
|
|
| Maximum Length of Time, Foreign Currency Cash Flow Hedge |
|
|
6 years 1 month 23 days
|
|
|
| Gain recognized in Other income, net |
$ 19
|
$ 35
|
$ 49
|
65
|
|
| (Payments) receipts from settlements of derivative contracts |
|
|
$ 29
|
$ (147)
|
|