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Fair Value | 9 Months Ended
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Sep. 30, 2017
Fair Value Disclosures [Abstract] |
Fair Value [Text Block] | Note 14: Fair Value For information about our fair value policies, and methods and assumptions used in estimating the fair value of our financial assets and liabilities, see “Note 2: Accounting Policies" and "Note 15: Fair Value" in Part II, Item 8 of our 2016 Form 10-K. Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis
|  | September 30, 2017 |  | December 31, 2016
|  | Fair Value Measured and Recorded at Reporting Date Using |  |  |  | Fair Value Measured and Recorded at Reporting Date Using |  |
(In Millions) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt |  | $ | — |  |  | $ | 150 |  |  | $ | — |  |  | $ | 150 |  |  | $ | — |  |  | $ | 498 |  |  | $ | — |  |  | $ | 498 |
Financial institution instruments 1 |  | 4,146 |  |  | 1,619 |  |  | — |  |  | 5,765 |  |  | 1,920 |  |  | 811 |  |  | — |  |  | 2,731 |
Government debt 2 |  | — |  |  | 100 |  |  | — |  |  | 100 |  |  | — |  |  | 332 |  |  | — |  |  | 332 |
Reverse repurchase agreements |  | — |  |  | 1,599 |  |  | — |  |  | 1,599 |  |  | — |  |  | 768 |  |  | — |  |  | 768 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt |  | — |  |  | 750 |  |  | 6 |  |  | 756 |  |  | — |  |  | 1,332 |  |  | 6 |  |  | 1,338 |
Financial institution instruments 1 |  | — |  |  | 557 |  |  | — |  |  | 557 |  |  | — |  |  | 1,603 |  |  | — |  |  | 1,603 |
Government debt 2 |  | — |  |  | 133 |  |  | — |  |  | 133 |  |  | — |  |  | 284 |  |  | — |  |  | 284 |
Trading assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities |  | — |  |  | 12 |  |  | — |  |  | 12 |  |  | — |  |  | 87 |  |  | — |  |  | 87 |
Corporate debt |  | — |  |  | 2,269 |  |  | — |  |  | 2,269 |  |  | — |  |  | 2,847 |  |  | — |  |  | 2,847 |
Financial institution instruments 1 |  | 57 |  |  | 990 |  |  | — |  |  | 1,047 |  |  | 36 |  |  | 1,608 |  |  | — |  |  | 1,644 |
Government debt 2 |  | 31 |  |  | 3,624 |  |  | — |  |  | 3,655 |  |  | 32 |  |  | 3,704 |  |  | — |  |  | 3,736 |
Other current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  | 2 |  |  | 289 |  |  | — |  |  | 291 |  |  | — |  |  | 382 |  |  | — |  |  | 382 |
Loans receivable |  | — |  |  | 88 |  |  | — |  |  | 88 |  |  | — |  |  | 326 |  |  | — |  |  | 326 |
Marketable equity securities |  | 5,584 |  |  | 475 |  |  | — |  |  | 6,059 |  |  | 6,180 |  |  | — |  |  | — |  |  | 6,180 |
Other long-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt |  | — |  |  | 1,697 |  |  | 5 |  |  | 1,702 |  |  | — |  |  | 1,995 |  |  | 6 |  |  | 2,001 |
Financial institution instruments 1 |  | — |  |  | 1,389 |  |  | — |  |  | 1,389 |  |  | — |  |  | 1,758 |  |  | — |  |  | 1,758 |
Government debt 2 |  | — |  |  | 753 |  |  | — |  |  | 753 |  |  | — |  |  | 957 |  |  | — |  |  | 957 |
Other long-term assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  | — |  |  | 74 |  |  | 9 |  |  | 83 |  |  | — |  |  | 31 |  |  | 9 |  |  | 40 |
Loans receivable |  | — |  |  | 543 |  |  | — |  |  | 543 |  |  | — |  |  | 236 |  |  | — |  |  | 236 |
Total assets measured and recorded at fair value |  | 9,820 |  |  | 17,111 |  |  | 20 |  |  | 26,951 |  |  | 8,168 |  |  | 19,559 |  |  | 21 |  |  | 27,748 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other accrued liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  | — |  |  | 449 |  |  | — |  |  | 449 |  |  | — |  |  | 371 |  |  | — |  |  | 371 |
Other long-term liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  | — |  |  | 166 |  |  | 7 |  |  | 173 |  |  | — |  |  | 179 |  |  | 33 |  |  | 212 |
Total liabilities measured and recorded at fair value |  | $ | — |  |  | $ | 615 |  |  | $ | 7 |  |  | $ | 622 |  |  | $ | — |  |  | $ | 550 |  |  | $ | 33 |  |  | $ | 583 |
1 | Level 1 investments consist of money market funds. Level 2 investments consist primarily of commercial paper, certificates of deposit, time deposits, and notes and bonds issued by financial institutions.
2 | Level 1 investments consist primarily of US Treasury securities. Level 2 investments consist primarily of US Agency notes and non-U.S. government debt.
In the second quarter of 2017, we began assigning fair value hierarchy levels based on the underlying instrument type for our fixed income portfolio. We have reclassified prior period amounts to conform to the current period presentation. Fair Value Option for Loans Receivable As of September 30, 2017 and December 31, 2016, the fair value of our loans receivable for which we elected the fair value option did not significantly differ from the contractual principal balance based on the contractual currency. Assets Measured and Recorded at Fair Value on a Non-Recurring Basis Our non-marketable equity investments, marketable equity method investments, and non-financial assets, such as intangible assets and property, plant and equipment, are recorded at fair value only if an impairment is recognized. We classified non-marketable equity investments as Level 3. Impairments recognized on non-marketable equity investments held as of September 30, 2017 were insignificant during the third quarter of 2017 and $335 million during the first nine months of 2017 ($48 million during the third quarter of 2016 and $132 million during the first nine months of 2016 on non-marketable equity investments held as of October 1, 2016). Financial Instruments Not Recorded at Fair Value on a Recurring Basis The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis at the end of each period were as follows:
|  | September 30, 2017
(In Millions) |  | Carrying Amount |  | Fair Value Measured Using |  | Fair Value
Level 1 |  | Level 2 |  | Level 3 |
Grants receivable |  | $ | 646 |  |  | $ | — |  |  | $ | 646 |  |  | $ | — |  |  | $ | 646 |
Loans receivable |  | $ | 15 |  |  | $ | — |  |  | $ | 15 |  |  | $ | — |  |  | $ | 15 |
Non-marketable cost method investments |  | $ | 2,719 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,336 |  |  | $ | 3,336 |
Reverse repurchase agreements |  | $ | 250 |  |  | $ | — |  |  | $ | 250 |  |  | $ | — |  |  | $ | 250 |
Short-term debt |  | $ | 4,121 |  |  | $ | — |  |  | $ | 4,703 |  |  | $ | — |  |  | $ | 4,703 |
Long-term debt |  | $ | 27,498 |  |  | $ | — |  |  | $ | 29,485 |  |  | $ | — |  |  | $ | 29,485 |
|  | December 31, 2016
(In Millions) |  | Carrying Amount |  | Fair Value Measured Using |  | Fair Value
Level 1 |  | Level 2 |  | Level 3 |
Grants receivable |  | $ | 361 |  |  | $ | — |  |  | $ | 362 |  |  | $ | — |  |  | $ | 362 |
Loans receivable |  | $ | 265 |  |  | $ | — |  |  | $ | 265 |  |  | $ | — |  |  | $ | 265 |
Non-marketable cost method investments |  | $ | 3,098 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,890 |  |  | $ | 3,890 |
Reverse repurchase agreements |  | $ | 250 |  |  | $ | — |  |  | $ | 250 |  |  | $ | — |  |  | $ | 250 |
Short-term debt |  | $ | 4,609 |  |  | $ | — |  |  | $ | 5,120 |  |  | $ | — |  |  | $ | 5,120 |
Long-term debt |  | $ | 20,649 |  |  | $ | — |  |  | $ | 21,957 |  |  | $ | — |  |  | $ | 21,957 |
The carrying amount and fair value of short-term debt exclude drafts payable. In the third quarter of 2017, we began assigning fair value hierarchy levels for our short-term and long-term debt based on the underlying instrument type. We have reclassified prior period amounts to conform to the current period presentation.

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
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