XML 50 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASURES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:
| June 30, 2020 |  | December 31, 2019
Assets: |  |  |
Foreign currency exchange contracts | $ | 457 |  |  | $ | 291 |
Available for sale investments | 1,514 |  |  | 1,523 |
Interest rate swap agreements | 244 |  |  | 38 |
Cross currency swap agreements | 52 |  |  | 51 |
Liabilities: |  |  |
Foreign currency exchange contracts | $ | 50 |  |  | $ | 21 |
Interest rate swap agreements | — |  |  | 13 |
Financial assets and liabilities that were not carried at fair value | The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:
| June 30, 2020 |  |  |  | December 31, 2019 |  |
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Assets |  |  |  |  |  |  |
Long-term receivables | $ | 148 |  |  | $ | 145 |  |  | $ | 129 |  |  | $ | 127 |
Liabilities |  |  |  |  |  |  |
Long-term debt and related current maturities | $ | 18,558 |  |  | $ | 19,837 |  |  | $ | 12,486 |  |  | $ | 13,578 |
Amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges [Table Text Block] | The following table sets forth the amounts on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges:
Line in the Consolidated Balance Sheet of Hedged Item |  | Carrying Amount of the Hedged Item |  |  |  | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item |  |
|  | June 30, 2020 |  | December 31, 2019 |  | June 30, 2020 |  | December 31, 2019
Long-term debt |  | $ | 4,194 |  |  | $ | 3,975 |  |  | $ | 244 |  |  | $ | 25 |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | The following tables summarize the location and impact to the Consolidated Statement of Operations related to fair value and cash flow hedging relationships:
| Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |
| Revenue |  | Cost of Products Sold |  | SG&A |  | Other (Income) Expense |  | Interest and Other Financial Charges
| $ | 7,477 |  |  | $ | 4,163 |  |  | $ | 1,183 |  |  | $ | (291) |  |  | $ | 90 |
Gain or (loss) on cash flow hedges: |  |  |  |  |  |  |  |  |
Foreign Currency Exchange Contracts: |  |  |  |  |  |  |  |  |
Amount reclassified from accumulated other comprehensive income into income | (1) |  |  | 3 |  |  | (3) |  |  | (42) |  |  | — |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | — |  |  | 4 |  |  | — |  |  | 9 |  |  | — |
Gain or (loss) on fair value hedges: |  |  |  |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |  |  |  |
Hedged items | — |  |  | — |  |  | — |  |  | — |  |  | (14) |
Derivatives designated as hedges | — |  |  | — |  |  | — |  |  | — |  |  | 14 |
| Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |
| Revenue |  | Cost of Products Sold |  | SG&A |  | Other (Income) Expense |  | Interest and Other Financial Charges
| $ | 9,243 |  |  | $ | 4,848 |  |  | $ | 1,387 |  |  | $ | (305) |  |  | $ | 85 |
Gain or (loss) on cash flow hedges: |  |  |  |  |  |  |  |  |
Foreign Currency Exchange Contracts: |  |  |  |  |  |  |  |  |
Amount reclassified from accumulated other comprehensive income into income | 1 |  |  | 8 |  |  | 1 |  |  | — |  |  | — |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | — |  |  | 6 |  |  | — |  |  | 9 |  |  | — |
Gain or (loss) on fair value hedges: |  |  |  |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |  |  |  |
Hedged items | — |  |  | — |  |  | — |  |  | — |  |  | (37) |
Derivatives designated as hedges | — |  |  | — |  |  | — |  |  | — |  |  | 37 |
| Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |
| Revenue |  | Cost of Products Sold |  | SG&A |  | Other (Income) Expense |  | Interest and Other Financial Charges
| $ | 15,940 |  |  | $ | 8,537 |  |  | $ | 2,421 |  |  | (608) |  |  | $ | 163 |
Gain or (loss) on cash flow hedges: |  |  |  |  |  |  |  |  |
Foreign currency exchange contracts: |  |  |  |  |  |  |  |  |
Amount reclassified from accumulated other comprehensive income into income | (1) |  |  | 30 |  |  | (3) |  |  | (2) |  |  | — |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | — |  |  | 8 |  |  | — |  |  | 17 |  |  | — |
Gain or (loss) on fair value hedges: |  |  |  |  |  |  |  |  |
Interest rate swap agreements: |  |  |  |  |  |  |  |  |
Hedged items | — |  |  | — |  |  | — |  |  | — |  |  | (219) |
Derivatives designated as hedges | — |  |  | — |  |  | — |  |  | — |  |  | 219 |
| Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |
| Revenue |  | Cost of Products Sold |  | SG&A |  | Other (Income) Expense |  | Interest and Other Financial Charges
| $ | 18,127 |  |  | $ | 9,470 |  |  | $ | 2,750 |  |  | $ | (590) |  |  | $ | 170 |
Gain or (loss) on cash flow hedges: |  |  |  |  |  |  |  |  |
Foreign currency exchange contracts: |  |  |  |  |  |  |  |  |
Amount reclassified from accumulated other comprehensive income into income | 1 |  |  | 24 |  |  | 1 |  |  | 24 |  |  | — |
Amount excluded from effectiveness testing recognized in earnings using an amortization approach | — |  |  | 11 |  |  | — |  |  | 18 |  |  | — |
Gain or (loss) on fair value hedges: |  |  |  |  |  |  |  |  |
Interest rate swap agreements: |  |  |  |  |  |  |  |  |
Hedged items | — |  |  | — |  |  | — |  |  | — |  |  | (63) |
Derivatives designated as hedges | — |  |  | — |  |  | — |  |  | — |  |  | 63 |
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following table summarizes the amounts of gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss):
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
Derivatives Net Investment Hedging Relationships | 2020 |  | 2019 |  | 2020 |  | 2019
Euro-denominated long-term debt | $ | (62) |  |  | $ | (43) |  |  | $ | 62 |  |  | $ | 26 |
Euro-denominated commercial paper | (15) |  |  | (44) |  |  | 55 |  |  | 27 |
Cross currency swap | 7 |  |  | (8) |  |  | (19) |  |  | 5 |
Foreign currency exchange contracts | (102) |  |  | (2) |  |  | (18) |  |  | 5 |

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in net investment 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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CCC -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL109998896-113959 + Details
Name: | us-gaap_ScheduleOfNetInvestmentHedgesInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration