XML 40 R31.htm IDEA: XBRL DOCUMENT
v3.19.1

Fair value measurement (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
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 March 31, 2019, using: |  |  |  |  | Total
Assets: |  |  |  |  |  |  |  |
Interest-bearing securities: |  |  |  |  |  |  |  |
U.S. Treasury notes |  | $ | 2,682 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,682 |
U.S. Treasury bills |  | 3,475 |  |  | — |  |  | — |  |  | 3,475 |
Other government-related debt securities: |  |  |  |  |  |  |  |
U.S. |  | — |  |  | 111 |  |  | — |  |  | 111 |
Foreign and other |  | — |  |  | 958 |  |  | — |  |  | 958 |
Corporate debt securities: |  |  |  |  |  |  |  |
Financial |  | — |  |  | 2,750 |  |  | — |  |  | 2,750 |
Industrial |  | — |  |  | 2,458 |  |  | — |  |  | 2,458 |
Other |  | — |  |  | 566 |  |  | — |  |  | 566 |
Residential-mortgage-backed securities |  | — |  |  | 1,382 |  |  | — |  |  | 1,382 |
Other mortgage- and asset-backed securities |  | — |  |  | 467 |  |  | — |  |  | 467 |
Money market mutual funds |  | 4,375 |  |  | — |  |  | — |  |  | 4,375 |
Other short-term interest-bearing securities |  | — |  |  | 6,428 |  |  | — |  |  | 6,428 |
Equity securities |  | 246 |  |  | — |  |  | — |  |  | 246 |
Derivatives: |  |  |  |  |  |  |  |
Foreign currency contracts |  | — |  |  | 238 |  |  | — |  |  | 238 |
Cross-currency swap contracts |  | — |  |  | 143 |  |  | — |  |  | 143 |
Interest rate swap contracts |  | — |  |  | 94 |  |  | — |  |  | 94 |
Total assets |  | $ | 10,778 |  |  | $ | 15,595 |  |  | $ | — |  |  | $ | 26,373 |
Liabilities: |  |  |  |  |  |  |  |
Derivatives: |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | — |  |  | $ | 8 |  |  | $ | — |  |  | $ | 8 |
Cross-currency swap contracts |  | — |  |  | 429 |  |  | — |  |  | 429 |
Interest rate swap contracts |  | — |  |  | 54 |  |  | — |  |  | 54 |
Contingent consideration obligations |  | — |  |  | — |  |  | 66 |  |  | 66 |
Total liabilities |  | $ | — |  |  | $ | 491 |  |  | $ | 66 |  |  | $ | 557 |
|  | 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, 2018, using: |  |  |  |  | Total
Assets: |  |  |  |  |  |  |  |
Interest-bearing securities: |  |  |  |  |  |  |  |
U.S. Treasury notes |  | $ | 2,663 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,663 |
U.S. Treasury bills |  | 8,191 |  |  | — |  |  | — |  |  | 8,191 |
Other government-related debt securities: |  |  |  |  |  |  |  |
U.S. |  | — |  |  | 110 |  |  | — |  |  | 110 |
Foreign and other |  | — |  |  | 932 |  |  | — |  |  | 932 |
Corporate debt securities: |  |  |  |  |  |  |  |
Financial |  | — |  |  | 2,697 |  |  | — |  |  | 2,697 |
Industrial |  | — |  |  | 2,504 |  |  | — |  |  | 2,504 |
Other |  | — |  |  | 562 |  |  | — |  |  | 562 |
Residential-mortgage-backed securities |  | — |  |  | 1,422 |  |  | — |  |  | 1,422 |
Other mortgage- and asset-backed securities |  | — |  |  | 469 |  |  | — |  |  | 469 |
Money market mutual funds |  | 5,659 |  |  | — |  |  | — |  |  | 5,659 |
Other short-term interest-bearing securities |  | — |  |  | 3,515 |  |  | — |  |  | 3,515 |
Equity securities |  | 176 |  |  | — |  |  | — |  |  | 176 |
Derivatives: |  |  |  |  |  |  |  |
Foreign currency contracts |  | — |  |  | 182 |  |  | — |  |  | 182 |
Cross-currency swap contracts |  | — |  |  | 170 |  |  | — |  |  | 170 |
Interest rate swap contracts |  | — |  |  | 56 |  |  | — |  |  | 56 |
Total assets |  | $ | 16,689 |  |  | $ | 12,619 |  |  | $ | — |  |  | $ | 29,308 |
Liabilities: |  |  |  |  |  |  |  |
Derivatives: |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | — |  |  | $ | 26 |  |  | $ | — |  |  | $ | 26 |
Cross-currency swap contracts |  | — |  |  | 401 |  |  | — |  |  | 401 |
Interest rate swap contracts |  | — |  |  | 149 |  |  | — |  |  | 149 |
Contingent consideration obligations |  | — |  |  | — |  |  | 72 |  |  | 72 |
Total liabilities |  | $ | — |  |  | $ | 576 |  |  | $ | 72 |  |  | $ | 648 |

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 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