v2.4.0.8
Derivative Financial Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2014
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
March 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-to-floating interest rate swaps
$
3,290

 
$
—

 
$
39

 
$
—

 
$
49

 
Fair value
 
3 to 20 years
Floating-to-fixed interest rate swaps
300

 
—

 
—

 
—

 
—

 
Cash flow
 
3 months
Currency exchange contracts
495

 
12

 
—

 
3

 
—

 
Cash flow
 
12 to 36 months
Commodity contracts
1

 
—

 
—

 
—

 
—

 
Cash flow
 
1 to 12 months
Total
 
 
$
12

 
$
39

 
$
3

 
$
49

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency exchange contracts
$
4,160

 
$
23

 
 
 
$
21

 
 
 
 
 
1 to 12 months

 
Notional
amount
 
Other
 current
assets
 
Other
long-term
assets
 
Other
current
liabilities
 
Other
long-term
liabilities
 
Type of
hedge
 
Term
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-to-floating interest rate swaps
$
3,090

 
$
1

 
$
36

 
$
—

 
$
76

 
Fair value
 
3 months to 20 years
Floating-to-fixed interest rate swaps
300

 
—

 
—

 
1

 
—

 
Cash flow
 
6 months
Currency exchange contracts
393

 
12

 
—

 
3

 
—

 
Cash flow
 
12 to 36 months
Commodity contracts
1

 
—

 
—

 
—

 
—

 
Cash flow
 
1 to 12 months
Total
 
 
$
13

 
$
36

 
$
4

 
$
76

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Currency exchange contracts
$
4,277

 
$
22

 
 
 
$
26

 
 
 
 
 
1 to 12 months
Amounts recognized in accumulated other comprehensive income (loss)
Amounts recognized in Accumulated other comprehensive income (loss) follow:
 
Three months ended March 31
 
2014
 
2013
 
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
 
 
 
 
 
 
 
Currency exchange contracts
$
2

 
$
2

 
$
(9
)
 
$
1

 
 
 
 
 
 
 
 
Amounts recognized in net income
Amounts recognized in net income follow:
 
Three months ended
March 31
 
2014
 
2013
Derivatives designated as fair value hedges
 
 
 
Fixed-to-floating interest rate swaps
$
29

 
$
(8
)
Related long-term debt converted to floating interest rates by interest rate swaps
(29
)
 
8

 
$
—

 
$
—