Financial Instruments (Details) - USD ($)
$ in Millions |
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
Dec. 31, 2016 |
| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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|
|
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| Four Quarter Rolling Average of Notional Amount of Foreign Exchange Contracts Hedging Foreign Currency Transactions |
$ 18,600
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$ 18,600
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|
$ 18,300
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| Description of Net Investment Hedge Activity |
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we have issued approximately €2.95 billion of euro-denominated long-term debt and €500 million of outstanding euro-denominated commercial paper borrowings, which qualify as a net investment hedge against our investments in European businesses. As of September 30, 2017, the net investment hedge is deemed to be effective.
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| Derivatives designated as hedging instruments, Asset Derivatives |
295
|
|
$ 295
|
|
15
|
| Derivatives not designated as hedging instruments, Asset Derivatives |
95
|
|
95
|
|
155
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| Derivatives designated as hedging instruments, Liability Derivatives |
15
|
|
15
|
|
196
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| Derivatives not designated as hedging instruments, Liability Derivatives |
75
|
|
75
|
|
$ 158
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| Gain recorded in Accumulated other comprehensive loss |
310
|
$ (7)
|
440
|
$ 188
|
|
| Loss reclassified from Accumulated other comprehensive loss into Product Sales (effective portion) |
(24)
|
32
|
(14)
|
139
|
|
| Foreign Currency Cash Flow Hedge Loss to be Reclassified During Next 12 Months |
80
|
|
$ 80
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| Maximum Length of Time, Foreign Currency Cash Flow Hedge |
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5 years 1 month 24 days
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| Gain recognized in Other income, net |
$ 10
|
$ 19
|
$ 50
|
49
|
|
| Payments for settlements of derivative contracts |
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|
$ 183
|
$ 29
|
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