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Derivatives And Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of June 30, 2016, the Company had the following outstanding notional amounts related to commodity and foreign currency forward contracts designated as cash flow hedges that were entered into to hedge forecasted exposures:

Commodity	Quantity Hedged			Unit of Measure		Notional Amount (Approximate USD Equivalent)
	(in thousands)					(in millions)
Copper	54,580			pounds		$	115

Foreign Currency	Quantity Hedged			Unit of Measure		Notional Amount (Approximate USD Equivalent)
	(in millions)
Mexican Peso	9,798			MXN		$	520
Chinese Yuan Renminbi	2,059			RMB		310
Polish Zloty	318			PLN		80
New Turkish Lira	189			TRY		65
Hungarian Forint	17,281			HUF		60

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair value of derivative financial instruments recorded in the consolidated balance sheets as of June 30, 2016 and December 31, 2015 are as follows:

	Asset Derivatives						Liability Derivatives						Net Amounts of Assets and (Liabilities) Presented in the Balance Sheet
	Balance Sheet Location		June 30, 2016				Balance Sheet Location		June 30, 2016				June 30, 2016
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	Other current assets		$	—			Accrued liabilities		$	19
Foreign currency derivatives*	Accrued liabilities		4				Accrued liabilities		54				(50	)
Commodity derivatives	Other long-term assets		—				Other long-term liabilities		1
Foreign currency derivatives*	Other long-term assets		2				Other long-term assets		—				2
Foreign currency derivatives*	Other long-term liabilities		1				Other long-term liabilities		6				(5	)
Derivatives designated as net investment hedges:
Foreign currency derivatives	Other current assets		$	4			Accrued liabilities		$	—
Total derivatives designated as hedges			$	11					$	80
Derivatives not designated:
Commodity derivatives	Other current assets		$	—			Accrued liabilities		$	1
Foreign currency derivatives*	Accrued liabilities		2				Accrued liabilities		3				(1	)
Total derivatives not designated as hedges			$	2					$	4

	Asset Derivatives						Liability Derivatives						Net Amounts of Assets and (Liabilities) Presented in the Balance Sheet
	Balance Sheet Location		December 31, 2015				Balance Sheet Location		December 31, 2015				December 31, 2015
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	Other current assets		$	—			Accrued liabilities		$	39
Foreign currency derivatives*	Accrued liabilities		3				Accrued liabilities		69				$	(66	)
Commodity derivatives	Other long-term assets		—				Other long-term liabilities		10
Foreign currency derivatives*	Other long-term liabilities		1				Other long-term liabilities		12				(11		)
Total derivatives designated as hedges			$	4					$	130
Derivatives not designated:
Commodity derivatives	Other current assets		$	—			Accrued liabilities		$	2
Foreign currency derivatives*	Accrued liabilities		2				Accrued liabilities		3				(1		)
Foreign currency derivatives*	Other long-term liabilities		1				Other long-term liabilities		1				—
Total derivatives not designated as hedges			$	3					$	6

* Derivative instruments within this category are subject to master netting arrangements and are presented on a net basis in the consolidated balance sheets in accordance with accounting guidance related to the offsetting of amounts related to certain contracts.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The pre-tax effect of derivative financial instruments in the consolidated statement of operations and consolidated statement of comprehensive income for the three months ended June 30, 2016 is as follows:

Three Months Ended June 30, 2016	Gain (loss) Recognized in OCI (Effective Portion)				Loss Reclassified from OCI into Income (Effective Portion)				Gain Recognized in Income (Ineffective Portion Excluded from Effectiveness Testing)
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	$	1			$	(11	)		$	—
Foreign currency derivatives	(14		)		(21		)		—
Derivatives designated as net investment hedges:
Foreign currency derivatives	9				—				—
Total	$	(4	)		$	(32	)		$	—

	Loss Recognized in Income
	(in millions)
Derivatives not designated:
Commodity derivatives	$	—
Foreign currency derivatives	—
Total	$	—

The pre-tax effect of derivative financial instruments in the consolidated statement of operations and consolidated statement of comprehensive income for the three months ended June 30, 2015 is as follows:

Three Months Ended June 30, 2015	Loss Recognized in OCI (Effective Portion)				Loss Reclassified from OCI into Income (Effective Portion)				Gain Recognized in Income (Ineffective Portion Excluded from Effectiveness Testing)
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	$	(11	)		$	(8	)		$	—
Foreign currency derivatives	(21		)		(18		)		—
Total	$	(32	)		$	(26	)		$	—

	Loss Recognized in Income
	(in millions)
Derivatives not designated:
Commodity derivatives	$	(3	)
Foreign currency derivatives	(4		)
Total	$	(7	)

The pre-tax effect of derivative financial instruments in the consolidated statement of operations and consolidated statement of comprehensive income for the six months ended June 30, 2016 is as follows:

Six Months Ended June 30, 2016	Gain (loss) Recognized in OCI (Effective Portion)				Loss Reclassified from OCI into Income (Effective Portion)				Gain Recognized in Income (Ineffective Portion Excluded from Effectiveness Testing)
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	$	4			$	(25	)		$	—
Foreign currency derivatives	(20		)		(45		)		—
Derivatives designated as net investment hedges:
Foreign currency derivatives	4				—				—
Total	$	(12	)		$	(70	)		$	—

	Loss Recognized in Income
	(in millions)
Derivatives not designated:
Commodity derivatives	$	—
Foreign currency derivatives	(2		)
Total	$	(2	)

The pre-tax effect of derivative financial instruments in the consolidated statement of operations and consolidated statement of comprehensive income for the six months ended June 30, 2015 is as follows:

Six Months Ended June 30, 2015	Loss Recognized in OCI (Effective Portion)				Loss Reclassified from OCI into Income (Effective Portion)				Gain Recognized in Income (Ineffective Portion Excluded from Effectiveness Testing)
	(in millions)
Derivatives designated as cash flow hedges:
Commodity derivatives	$	(25	)		$	(18	)		$	—
Foreign currency derivatives	(39		)		(32		)		—
Total	$	(64	)		$	(50	)		$	—

	Loss Recognized in Income
	(in millions)
Derivatives not designated:
Commodity derivatives	$	(3	)
Foreign currency derivatives	(5		)
Total	$	(8	)

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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=64837297&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=64837297&loc=SL5618551-113959

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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

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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=64837297&loc=SL5579245-113959

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