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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
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Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments Recognized in Condensed Consolidated Balance Sheet | The fair value of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets follows:
| Notional amount |  | Other current assets |  | Other noncurrent assets |  | Other current liabilities |  | Other noncurrent liabilities |  | Type of hedge |  | Term
September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedges |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-to-floating interest rate swaps | $ | 3,715 |  |  | $ | 2 |  |  | $ | 56 |  |  | $ | — |  |  | $ | 7 |  |  | Fair value |  | 2 months to 17 years
Currency exchange contracts | 921 |  |  | 4 |  |  | 6 |  |  | 25 |  |  | 5 |  |  | Cash flow |  | 1 to 36 months
Total |  |  | $ | 6 |  |  | $ | 62 |  |  | $ | 25 |  |  | $ | 12 |  |  |  |  |
Derivatives not designated as hedges |  |  |  |  |  |  |  |  |  |  |  |  |
Currency exchange contracts | $ | 3,022 |  |  | $ | 21 |  |  |  |  | $ | 24 |  |  |  |  |  |  | 1 to 12 months
Commodity contracts | 1 |  |  | — |  |  |  |  | — |  |  |  |  |  |  | 1 to 12 months
Total |  |  | $ | 21 |  |  |  |  |  | $ | 24 |  |  |  |  |  |  |  |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedges |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-to-floating interest rate swaps | $ | 3,765 |  |  | $ | 1 |  |  | $ | 65 |  |  | $ | — |  |  | $ | 8 |  |  | Fair value |  | 3 months to 18 years
Forward starting floating-to-fixed interest rate swaps | 450 |  |  | — |  |  | 19 |  |  | — |  |  | 1 |  |  | Cash flow |  | 11 years
Currency exchange contracts | 802 |  |  | 11 |  |  | 1 |  |  | 22 |  |  | 17 |  |  | Cash flow |  | 1 to 36 months
Total |  |  | $ | 12 |  |  | $ | 85 |  |  | $ | 22 |  |  | $ | 26 |  |  |  |  |
Derivatives not designated as hedges |  |  |  |  |  |  |  |  |  |  |  |  |
Currency exchange contracts | $ | 5,333 |  |  | $ | 31 |  |  |  |  | $ | 85 |  |  |  |  |  |  | 1 to 12 months
Commodity contracts | 10 |  |  | 2 |  |  |  |  | — |  |  |  |  |  |  | 1 to 12 months
Total |  |  | $ | 33 |  |  |  |  |  | $ | 85 |  |  |  |  |  |  |  |
Amounts Recognized in Accumulated Other Comprehensive Loss | The impact of derivative instruments to the Consolidated Statement of Income and Comprehensive Income follow:
| Gain (loss) recognized in other comprehensive (loss) income |  | Location of gain (loss) reclassified from Accumulated other comprehensive loss |  | Gain (loss) reclassified from Accumulated other comprehensive loss
| Three months ended September 30 |  |  |  | Three months ended September 30
| 2017 |  | 2016 |  |  |  | 2017 |  | 2016
Derivatives designated as cash flow hedges |  |  |  |  |  |  |  |  |
Forward starting floating-to-fixed interest rate swaps | $ | (10 | ) |  | $ | 1 |  |  | Interest expense - net |  | $ | — |  |  | $ | — |
Interest rate locks | (9 | ) |  | — |  |  | Interest expense - net |  | — |  |  | — |
Currency exchange contracts | (6 | ) |  | (3 | ) |  | Cost of products sold |  | (7 | ) |  | (4 | )
Total | $ | (25 | ) |  | $ | (2 | ) |  |  |  | $ | (7 | ) |  | $ | (4 | )
| Gain (loss) recognized in other comprehensive (loss) income |  | Location of gain (loss) reclassified from Accumulated other comprehensive loss |  | Gain (loss) reclassified from Accumulated other comprehensive loss
| Nine months ended September 30 |  |  |  | Nine months ended September 30
| 2017 |  | 2016 |  |  |  | 2017 |  | 2016
Derivatives designated as cash flow hedges |  |  |  |  |  |  |  |  |
Forward starting floating-to-fixed interest rate swaps | $ | (15 | ) |  | $ | (18 | ) |  | Interest expense - net |  | $ | — |  |  | $ | — |
Interest rate locks | (9 | ) |  | — |  |  | Interest expense - net |  | — |  |  | — |
Currency exchange contracts | (5 | ) |  | (35 | ) |  | Cost of products sold |  | (12 | ) |  | (3 | )
Total | $ | (29 | ) |  | $ | (53 | ) |  |  |  | $ | (12 | ) |  | $ | (3 | )
Amounts recognized in Net Income | Amounts recognized in net income follow:
| Three months ended September 30 |  | Nine months ended September 30
| 2017 |  | 2016 |  | 2017 |  | 2016
Derivatives designated as fair value hedges |  |  |  |  |  |  |
Fixed-to-floating interest rate swaps | $ | (4 | ) |  | $ | (28 | ) |  | $ | (7 | ) |  | $ | 78 |
Related long-term debt converted to floating interest rates by interest rate swaps | 4 |  |  | 28 |  |  | 7 |  |  | (78 | )
| $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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