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Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
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Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block] | The following table sets forth the fair value of derivatives not designated as hedging instruments as of June 30, 2017 and December 31, 2016.
| June 30, 2017 |  | December 31, 2016
| Assets |  | Liabilities |  | Assets |  | Liabilities
| (In millions)
Foreign Currency Contracts | $ | 83 |  |  | $ | 110 |  |  | $ | 102 |  |  | $ | 90 |
Commodity Contracts | 444 |  |  | 471 |  |  | 511 |  |  | 561 |
Total | $ | 527 |  |  | $ | 581 |  |  | $ | 613 |  |  | $ | 651 |
The following table sets forth the pre-tax gains (losses) on derivatives not designated as hedging instruments that have been included in the consolidated statements of earnings for the three and six months ended June 30, 2017 and 2016.
| Three months ended June 30,
| 2017 |  | 2016
| (In millions)
Foreign Currency Contracts |  |  |  |  |
Revenues | $ | 3 |  |  | $ | (13 | )
Cost of products sold | (30 | ) |  | 155 |
Other income (expense) – net | 133 |  |  | (104 | )
Commodity Contracts |  |  |  |  |
Cost of products sold | 1 |  |  | (625 | )
Total gain (loss) recognized in earnings | $ | 107 |  |  | $ | (587 | )
| Six months ended June 30,
| 2017 |  | 2016
| (In millions)
Foreign Currency Contracts |  |  |  |  |
Revenues | $ | (8 | ) |  | $ | (13 | )
Cost of products sold | 30 |  |  | 262 |
Other income (expense) – net | 134 |  |  | (105 | )
Commodity Contracts |  |  |  |  |
Cost of products sold | $ | 260 |  |  | $ | (635 | )
Total gain (loss) recognized in earnings | $ | 416 |  |  | $ | (491 | )
The following table sets forth the fair value of derivatives designated as hedging instruments as of June 30, 2017 and December 31, 2016.
| June 30, 2017 |  | December 31, 2016
| Assets |  | Liabilities |  | Assets |  | Liabilities
| (In millions)
Interest Rate Contracts | $ | 8 |  |  | $ | — |  |  | $ | 11 |  |  | $ | — |
Total | $ | 8 |  |  | $ | — |  |  | $ | 11 |  |  | $ | — |
The following table sets forth the pre-tax gains (losses) on derivatives designated as hedging instruments that have been included in the consolidated statements of earnings for the three and six months ended June 30, 2017 and 2016.
|  |  | Three months ended
| Consolidated Statement of Earnings Locations |  | June 30,
|  | 2017 |  | 2016
|  |  | (In millions)
Effective amounts recognized in earnings |  |  |  |  |
Foreign Currency Contracts | Other income/expense – net |  | $ | — |  |  | $ | (8 | )
Commodity Contracts | Revenues |  | 1 |  |  | (6 | )
| Cost of products sold |  | (6 | ) |  | (5 | )
Ineffective amount recognized in earnings |  |  |  |  |
Commodity Contracts | Revenues |  | — |  |  | (1 | )
| Cost of products sold |  | 4 |  |  | 2 |
Total amount recognized in earnings |  |  | $ | (1 | ) |  | $ | (18 | )
|  |  | Six months ended
| Consolidated Statement of Earnings Locations |  | June 30,
|  | 2017 |  | 2016
|  |  | (In millions)
Effective amounts recognized in earnings |  |  |  |  |
Foreign Currency Contracts | Other income/expense – net |  | $ | (2 | ) |  | $ | (22 | )
Commodity Contracts | Revenues |  | — |  |  | (5 | )
| Cost of products sold |  | (5 | ) |  | (24 | )
Ineffective amount recognized in earnings |  |  |  |  |
Commodity Contracts | Revenues |  | 4 |  |  | 1 |
| Cost of products sold |  | 9 |  |  | 4 |
Total amount recognized in earnings |  |  | $ | 6 |  |  | $ | (46 | )

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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as 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 4A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
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