XML 40 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1

Fair value measurement (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Fair value of each major class of financial assets and liabilities measured at fair value on a recurring basis

The fair values of each major class of the Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows (in millions):

		Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)
Fair value measurement as of June 30, 2018, using:														Total
Assets:
Interest-bearing securities:
U.S. Treasury securities		$	3,391			$	—			$	—			$	3,391
Other government-related debt securities:
U.S.		—				128				—				128
Foreign and other		—				1,390				—				1,390
Corporate debt securities:
Financial		—				3,968				—				3,968
Industrial		—				3,839				—				3,839
Other		—				676				—				676
Residential-mortgage-backed securities		—				1,579				—				1,579
Other mortgage- and asset-backed securities		—				652				—				652
Money market mutual funds		7,341				—				—				7,341
Other short-term interest-bearing securities		—				5,872				—				5,872
Equity securities		200				—				—				200
Derivatives:
Foreign currency contracts		—				106				—				106
Cross-currency swap contracts		—				272				—				272
Total assets		$	10,932			$	18,482			$	—			$	29,414
Liabilities:
Derivatives:
Foreign currency contracts		$	—			$	65			$	—			$	65
Cross-currency swap contracts		—				296				—				296
Interest rate swap contracts		—				266				—				266
Contingent consideration obligations		—				—				72				72
Total liabilities		$	—			$	627			$	72			$	699

		Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)
Fair value measurement as of December 31, 2017, using:														Total
Assets:
Interest-bearing securities:
U.S. Treasury securities		$	8,242			$	—			$	—			$	8,242
Other government-related debt securities:
U.S.		—				223				—				223
Foreign and other		—				2,422				—				2,422
Corporate debt securities:
Financial		—				10,072				—				10,072
Industrial		—				9,670				—				9,670
Other		—				1,390				—				1,390
Residential-mortgage-backed securities		—				2,168				—				2,168
Other mortgage- and asset-backed securities		—				2,297				—				2,297
Money market mutual funds		3,245				—				—				3,245
Other short-term interest-bearing securities		—				1,440				—				1,440
Equity securities		149				—				—				149
Derivatives:
Foreign currency contracts		—				6				—				6
Cross-currency swap contracts		—				270				—				270
Interest rate swap contracts		—				10				—				10
Total assets		$	11,636			$	29,968			$	—			$	41,604
Liabilities:
Derivatives:
Foreign currency contracts		$	—			$	204			$	—			$	204
Cross-currency swap contracts		—				220				—				220
Interest rate swap contracts		—				61				—				61
Contingent consideration obligations		—				—				69				69
Total liabilities		$	—			$	485			$	69			$	554

Changes in carrying amounts of contingent consideration obligations

Changes in the carrying amounts of contingent consideration obligations were as follows (in millions):

	Three months ended June 30,								Six months ended June 30,
	2018				2017				2018				2017
Beginning balance	$	110			$	184			$	69			$	179
Addition from K-A acquisition	—				—				45				—
Net changes in valuations	(38		)		(2		)		(42		)		3
Ending balance	$	72			$	182			$	72			$	182

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration