v2.4.0.8
Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative financial instruments recognized in the consolidated Balance sheet
The fair value of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets follows:
 
Notional
amount
 
Other
 current
assets
 
Other
long-term
assets
 
Other
current
liabilities
 
Other
long-term
liabilities
 
Type of
hedge
 
Term
June 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-to-floating interest rate swaps
$
2,390

 
$
2

 
$
43

 
$
—

 
$
46

 
Fair value
 
9 months to 21 years
Floating-to-fixed interest rate swaps
300

 
—

 
—

 
1

 
—

 
Cash flow
 
1 year
Currency exchange contracts
442

 
4

 
—

 
9

 
—

 
Cash flow
 
12 to 36 months
Commodity contracts
1

 
—

 
—

 
—

 
—

 
Cash flow
 
12 months
Total
 
 
$
6

 
$
43

 
$
10

 
$
46

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency exchange contracts
$
4,165

 
$
29

 
 
 
$
35

 
 
 
 
 
12 months
Commodity contracts
2

 
—

 
 
 
—

 
 
 
 
 
12 months
Total
 
 
$
29

 
 
 
$
35

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-to-floating interest rate swaps
$
1,290

 
$
2

 
$
85

 
$
—

 
$
—

 
Fair value
 
6 months to 21 years
Floating-to-fixed interest rate swaps
300

 
—

 
—

 
—

 
2

 
Cash flow
 
1 year
Currency exchange contracts
451

 
9

 
—

 
4

 
—

 
Cash flow
 
12 to 36 months
Commodity contracts
17

 
—

 
—

 
—

 
—

 
Cash flow
 
12 months
Total
 
 
$
11

 
$
85

 
$
4

 
$
2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency exchange contracts
$
4,997

 
$
23

 
 
 
$
31

 
 
 
 
 
12 months
Commodity contracts
19

 
1

 
 
 
—

 
 
 
 
 
12 months
Total
 
 
$
24

 
 
 
$
31

 
 
 
 
 
 
Amounts recognized in accumulated other comprehensive income (loss)
Amounts recognized in Accumulated other comprehensive income (loss) follow:
 
Three months ended June 30
 
2013
 
2012
 
Gain (loss)
recognized in
Accumulated
other
comprehensive
income (loss)
 
Gain (loss)
reclassified
from
Accumulated
other
comprehensive
income (loss)
 
Gain (loss)
recognized in
Accumulated
other
comprehensive
income (loss)
 
Gain (loss)
reclassified
from
Accumulated
other
comprehensive
income (loss)
Derivatives designated as cash flow hedges
 
 
 
 
 
 
 
Floating-to-fixed interest rate swaps
$
—

 
$
(1
)
 
$
(1
)
 
$
(1
)
Currency exchange contracts
1

 
—

 
(3
)
 
1

Commodity contracts
(1
)
 
(1
)
 
(4
)
 
(2
)
Total
$
—

 
$
(2
)
 
$
(8
)
 
$
(2
)
 
Six months ended June 30
 
2013
 
2012
 
Gain (loss)
recognized in
Accumulated
other
comprehensive
income (loss)
 
Gain (loss)
reclassified
from
Accumulated
other
comprehensive
income (loss)
 
Gain (loss)
recognized in
Accumulated
other
comprehensive
income (loss)
 
Gain (loss)
reclassified
from
Accumulated
other
comprehensive
income (loss)
Derivatives designated as cash flow hedges
 
 
 
 
 
 
 
Floating-to-fixed interest rate swaps
$
—

 
$
(1
)
 
$
(2
)
 
$
(1
)
Foreign currency exchange contracts
(8
)
 
1

 
6

 
(1
)
Commodity contracts
(1
)
 
(1
)
 
—

 
(4
)
Total
$
(9
)
 
$
(1
)
 
$
4

 
$
(6
)
Amounts recognized in net income
Amounts recognized in net income follow:
 
Three months ended
June 30
 
Six months ended
June 30
 
2013
 
2012
 
2013
 
2012
Derivatives designated as fair value hedges
 
 
 
 
 
 
 
Fixed-to-floating interest rate swaps
$
(80
)
 
$
24

 
$
(88
)
 
$
14

Related long-term debt converted to floating interest
   rates by interest rate swaps
80

 
(24
)
 
88

 
(14
)
 
$
—

 
$
—

 
$
—

 
$
—