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Fair Value Measurements and Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2016
Financial Instruments and Fair Value Measurements [Abstract] |
Schedule of Derivative Instruments | The following table summarizes the fair value of the Company’s derivative instruments and other financial instruments at December 31, 2016 and December 31, 2015:
| Assets |  | Liabilities
| Account |  | Fair Value |  | Account |  | Fair Value
Designated derivative instruments |  |  | 12/31/16 |  | 12/31/15 |  |  |  | 12/31/16 |  | 12/31/15
Interest rate swap contracts | Other current assets |  | $ | 1 |  |  | $ | — |  |  | Other accruals |  | $ | — |  |  | $ | — |
Interest rate swap contracts | Other assets |  | 1 |  |  | 7 |  |  | Other liabilities |  | — |  |  | — |
Foreign currency contracts | Other current assets |  | 29 |  |  | 131 |  |  | Other accruals |  | 4 |  |  | 5 |
Foreign currency contracts | Other assets |  | 5 |  |  | — |  |  | Other liabilities |  | — |  |  | — |
Commodity contracts | Other current assets |  | — |  |  | — |  |  | Other accruals |  | — |  |  | — |
Total designated |  |  | $ | 36 |  |  | $ | 138 |  |  |  |  | $ | 4 |  |  | $ | 5 |
Derivatives not designated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | Other assets |  | — |  |  | 13 |  |  | Other liabilities |  | — |  |  | — |
Total not designated |  |  | $ | — |  |  | $ | 13 |  |  |  |  | $ | — |  |  | $ | — |
Total derivative instruments |  |  | $ | 36 |  |  | $ | 151 |  |  |  |  | $ | 4 |  |  | $ | 5 |
Other financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities | Other current assets |  | $ | 23 |  |  | $ | 61 |  |  |  |  |  |  |  |  |
Total other financial instruments |  |  | $ | 23 |  |  | $ | 61 |  |  |  |  |  |  |  |  |
Activity related to fair value hedges | Activity related to fair value hedges recorded during each period presented was as follows:
| 2016 |  | 2015
| Foreign Currency Contracts |  | Interest Rate Swaps |  | Total |  | Foreign Currency Contracts |  | Interest Rate Swaps |  | Total
Notional Value at December 31, | $ | 204 |  |  | $ | 1,250 |  |  | $ | 1,454 |  |  | $ | 573 |  |  | $ | 1,250 |  |  | $ | 1,823 |
Gain (loss) on derivatives | 5 |  |  | (5 | ) |  | — |  |  | (3 | ) |  | (4 | ) |  | (7 | )
Gain (loss) on hedged items | (5 | ) |  | 5 |  |  | — |  |  | 3 |  |  | 4 |  |  | 7 |
Activity related to cash flow hedges | Activity related to cash flow hedges recorded during each period presented was as follows:
| 2016 |  | 2015
| Foreign Currency Contracts |  | Commodity Contracts |  | Total |  | Foreign Currency Contracts |  | Commodity Contracts |  | Total
Notional Value at December 31, | $ | 643 |  |  | $ | 7 |  |  | $ | 650 |  |  | $ | 745 |  |  | $ | 9 |  |  | $ | 754 |
Gain (loss) recognized in OCI | 12 |  |  | (1 | ) |  | 11 |  |  | 19 |  |  | (1 | ) |  | 18 |
Gain (loss) reclassified into Cost of sales | 4 |  |  | — |  |  | 4 |  |  | 17 |  |  | (1 | ) |  | 16 |
Activity related to net investment hedges | Activity related to net investment hedges recorded during each period presented was as follows:
| 2016 |  | 2015
| Foreign Currency Contracts |  | Foreign Currency Debt |  | Total |  | Foreign Currency Contracts |  | Foreign Currency Debt |  | Total
Notional Value at December 31, | $ | 498 |  |  | $ | 1,118 |  |  | $ | 1,616 |  |  | $ | 645 |  |  | $ | 800 |  |  | $ | 1,445 |
Gain (loss) on instruments | 22 |  |  | 35 |  |  | 57 |  |  | 73 |  |  | 48 |  |  | 121 |
Gain (loss) on hedged items | (25 | ) |  | (35 | ) |  | (60 | ) |  | (73 | ) |  | (48 | ) |  | (121 | )
Activity related to derivatives not designated as hedging instruments | Activity related to these contracts during each period presented was as follows:
| 2016 |  | 2015
| Foreign Currency Contracts |  | Foreign Currency Contracts
Notional Value at December 31, | $ | 4 |  |  | $ | 102 |
Gain (loss) on instruments | 5 |  |  | 11 |
Gain (loss) on hedged items | (5 | ) |  | (4 | )
Reconciliation of the Venezuelan investments at fair value | The following table presents a reconciliation of the Venezuelan bonds at fair value for the twelve months ended December 31, 2015 and 2014:
| 2015 |  | 2014
Beginning balance as of January 1 | $ | 399 |  |  | $ | 685 |
Unrealized gain (loss) on investment | (17 | ) |  | (341 | )
Purchases and sales during the period | 12 |  |  | 55 |
Venezuela deconsolidation | (394 | ) |  | — |
Ending balance as of December 31 | $ | — |  |  | $ | 399 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant observable inputs or unobservable inputs that are corroborated by market data (Level 2), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 2 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References No definition available. + Details
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- 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://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=64837297&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: 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=64837297&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure for net investment hedges 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://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=64837297&loc=SL5624171-113959 + Details
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