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Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2018
Summary of Notional Amounts and Respective Fair Values of Derivative Financial Instruments | ﻿ ﻿
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﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  | Asset derivatives |  | Liability derivatives
﻿ | Gross notional amount |  | Balance |  | Fair value |  | Balance |  | Fair value
﻿ | Sept. 30, |  | Dec. 31, |  | sheet |  | Sept. 30, |  | Dec. 31, |  | sheet |  | Sept. 30, |  | Dec. 31,
﻿ | 2018 |  | 2017 |  | location |  | 2018 |  | 2017 |  | location |  | 2018 |  | 2017
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Foreign exchange contracts (1) | $ | 376 |  | $ | 294 |  | Other current assets |  | $ | 12 |  | $ | 20 |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  | Other assets |  |  | 2 |  |  | 1 |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Interest rate contracts |  | 850 |  |  | 550 |  | Other current assets |  |  | 9 |  |  |  |  | Other accrued liabilities |  | $ | (2) |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other liabilities |  |  | (8) |  | $ | (8)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Foreign exchange contracts, other |  | 1,136 |  |  | 599 |  | Other current assets |  |  | 9 |  |  | 2 |  | Other accrued liabilities |  |  | (8) |  |  | (7)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Translated earnings contracts |  | 14,679 |  |  | 14,275 |  | Other current assets |  |  | 159 |  |  | 176 |  | Other accrued liabilities |  |  | (40) |  |  | (34)
﻿ |  |  |  |  |  |  | Other assets |  |  | 64 |  |  | 66 |  | Other liabilities |  |  | (279) |  |  | (325)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total derivatives | $ | 17,041 |  | $ | 15,718 |  |  |  | $ | 255 |  | $ | 265 |  |  |  | $ | (337) |  | $ | (374)
﻿
| (1) |  | Cash flow hedges with a typical duration of 24 months or less.
Designated as Hedging Instrument [Member] |
Effect on Consolidated Financial Statements | ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Effect of derivative instruments on the consolidated financial statements
﻿ |  | for the three months ended September 30,
﻿ |  | Gain recognized in other |  | Location of gain/(loss) |  | Gain/(loss) reclassified from
﻿ |  | comprehensive income |  | reclassified from |  | accumulated OCI into
﻿Derivatives in hedging |  | (OCI) |  | accumulated OCI into |  | income (effective) (1)
﻿relationships |  | 2018 |  | 2017 |  | income (effective) |  | 2018 |  | 2017
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Interest rate contracts |  | $ | 12 |  |  |  |  |  |  |  |  |  |  |
﻿Foreign exchange contracts |  |  | 19 |  | $ | 3 |  | Cost of sales |  | $ | 4 |  | $ | (1)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total cash flow hedges |  | $ | 31 |  | $ | 3 |  |  |  | $ | 4 |  | $ | (1)
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Effect of derivative instruments on the consolidated financial statements
﻿ |  | for the nine months ended September 30,
﻿ |  | Gain recognized in |  | Location of gain/(loss) |  | Gain/(loss) reclassified from
﻿ |  | other comprehensive income |  | reclassified from |  | accumulated OCI into
﻿Derivatives in hedging |  | (OCI) |  | accumulated OCI into |  | income ineffective/effective (1)
﻿relationships |  | 2018 |  | 2017 |  | income (effective) |  | 2018 |  | 2017
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Sales |  |  |  |  | $ | 1
﻿Interest rate contracts |  | $ | 9 |  |  |  |  | Cost of sales |  | $ | 10 |  |  | (11)
﻿Foreign exchange contracts |  |  | 2 |  | $ | 36 |  | Other expense, net |  |  | (1) |  |  | (1)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total cash flow hedges |  | $ | 11 |  | $ | 36 |  |  |  | $ | 9 |  | $ | (11)
﻿
| (1) |  | The amount of hedge ineffectiveness at September 30, 2018 and 2017 was insignificant.
﻿
Not Designated as Hedging Instrument [Member] |
Effect on Consolidated Financial Statements |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  | Gain (loss) recognized in income
﻿ |  |  | Three months ended |  | Nine months ended
﻿ | Location of gain/(loss) |  | September 30, |  | September 30,
﻿Undesignated derivatives | recognized in income |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Foreign exchange contracts – balance sheet and loans | Other income (expense), net |  | $ | 10 |  | $ | (7) |  | $ | 19 |  | $ | (19)
﻿Foreign currency hedges related to translated earnings | Translated earnings contract gain (loss), net |  |  | 230 |  |  | 26 |  |  | 66 |  |  | (193)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total undesignated |  |  | $ | 240 |  | $ | 19 |  | $ | 85 |  | $ | (212)
﻿

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) 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 (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 + Details
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