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Derivative and Other Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Accumulated Other Comprehensive Income (AOCI) and Earnings from Changes in Fair Value Related to Derivative Instruments | The following tables set forth financial information about the impact on other comprehensive income ("OCI") from changes in the fair value of derivative instruments designated as net investment hedges.
|  | Amount of gain/(loss) recognized in OCI
Derivatives designated as net investment hedges |  | 2018 |  | 2017
Foreign exchange |  | $ | 11 |  |  | $ | — |
The following tables set forth financial information about the impact on accumulated other comprehensive income ("AOCI") and earnings from changes in fair value related to derivative instruments designated as cash flow hedges.
|  | Amount of gain/(loss) |  |
|  | recognized in AOCI |  |
Derivatives designated as cash flow hedges |  | 2018 |  | 2017 |  |
Foreign exchange |  | $ | (3 | ) |  | $ | 2 |  |  |
Commodities |  | (32 | ) |  | 39 |  |  |
|  | $ | (35 | ) |  | $ | 41 |  |  |
|  | Amount of gain/ |  |
|  | (loss) reclassified from |  |
|  | AOCI into income |  |
Derivatives designated as cash flow hedges |  | 2018 |  | 2017 |  | Affected line item in the
|  |  | Statement of Operations
Foreign exchange |  | $ | (11 | ) |  | $ | (8 | ) |  | Net sales
Commodities |  | (5 | ) |  | — |  |  | Net sales
Foreign exchange |  | 6 |  |  | 6 |  |  | Cost of products sold
Commodities |  | 31 |  |  | 31 |  |  | Cost of products sold
|  | 21 |  |  | 29 |  |  | Income before taxes
|  | (6 | ) |  | (8 | ) |  | Provision for income taxes
|  | $ | 15 |  |  | $ | 21 |  |  | Net Income
Schedule of Impact on Earnings from Derivatives Not Designated as Hedges | The following table sets forth the impact on earnings from derivatives not designated as hedges.
|  | Pre-tax amount of gain/(loss) recognized in earnings |  |
Derivatives not designated as hedges |  | 2018 |  | 2017 |  | Affected line item in the Statement of Operations
Foreign exchange |  | $ | 4 |  |  | $ | 1 |  |  | Net sales
Foreign exchange |  | (6 | ) |  | 1 |  |  | Cost of products sold
Foreign exchange |  | (26 | ) |  | 39 |  |  | Foreign exchange
|  | $ | (28 | ) |  | $ | 41 |  |  |
Fair Value of Financial Assets and Liabilities on Recurring Basis | The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis.
|  | Balance Sheet classification |  | December 31, 2018 |  | December 31, 2017 |  | Balance Sheet classification |  | December 31, 2018 |  | December 31, 2017
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts cash flow |  | Other current assets |  | $ | 6 |  |  | $ | 5 |  |  | Accrued liabilities |  | $ | 5 |  |  | $ | 6 |
|  | Other non-current assets |  | — |  |  | — |  |  | Other non-current liabilities |  | 1 |  |  | — |
Foreign exchange contracts fair value |  | Other current assets |  | 1 |  |  | 1 |  |  | Accrued liabilities |  | 1 |  |  | 1 |
|  | Other non-current assets |  | 3 |  |  | — |  |  | Other non-current liabilities |  | — |  |  | — |
Commodities contracts cash flow |  | Other current assets |  | 16 |  |  | 25 |  |  | Accrued liabilities |  | 42 |  |  | — |
|  | Other non-current assets |  | 2 |  |  | 4 |  |  | Other non-current liabilities |  | 6 |  |  | — |
Net investment hedge |  | Other non-current assets |  | 15 |  |  | — |  |  | Other non-current liabilities |  | — |  |  | — |
|  | $ | 43 |  |  | $ | 35 |  |  |  |  | $ | 55 |  |  | $ | 7 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Other current assets |  | $ | 4 |  |  | $ | 6 |  |  | Accrued liabilities |  | $ | 4 |  |  | $ | 1 |
Commodities contracts |  | Other current assets |  | — |  |  | 22 |  |  | Accrued liabilities |  | — |  |  | 15 |
|  | $ | 4 |  |  | $ | 28 |  |  |  |  | $ | 4 |  |  | $ | 16 |
Total derivatives |  |  |  | $ | 47 |  |  | $ | 63 |  |  |  |  | $ | 59 |  |  | $ | 23 |
Schedule of Fair Value Hedge Carrying Amounts | Fair Value Hedge Carrying Amounts
|  | Carrying amount of the hedged assets/(liabilities)
Line item in the Balance Sheet in which the hedged item is included |  | December 31, 2018 |  | December 31, 2017
Cash and cash equivalents |  | $ | 1 |  |  | $ | 1 |
Receivables, net |  | 15 |  |  | 15 |
Accrued liabilities |  | (13 | ) |  | (12 | )
Offsetting Assets | In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate.
|  | Gross amounts recognized in the Balance Sheet |  | Gross amounts not offset in the Balance Sheet |  | Net amount
Balance at December 31, 2018 |  |  |  |  |  |
Derivative assets |  | $ | 47 |  |  | $ | 19 |  |  | $ | 28 |
Derivative liabilities |  | 59 |  |  | 19 |  |  | 40 |
Balance at December 31, 2017 |  |  |  |  |  |
Derivative assets |  | $ | 63 |  |  | $ | 17 |  |  | $ | 46 |
Derivative liabilities |  | 23 |  |  | 17 |  |  | 6 |
Offsetting Liabilities | In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate.
|  | Gross amounts recognized in the Balance Sheet |  | Gross amounts not offset in the Balance Sheet |  | Net amount
Balance at December 31, 2018 |  |  |  |  |  |
Derivative assets |  | $ | 47 |  |  | $ | 19 |  |  | $ | 28 |
Derivative liabilities |  | 59 |  |  | 19 |  |  | 40 |
Balance at December 31, 2017 |  |  |  |  |  |
Derivative assets |  | $ | 63 |  |  | $ | 17 |  |  | $ | 46 |
Derivative liabilities |  | 23 |  |  | 17 |  |  | 6 |
Notional Values of Outstanding Derivative Instruments in the Consolidated Balance Sheets | The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets were:
| December 31, 2018 |  | December 31, 2017
Derivatives in cash flow hedges: |  |  |
Foreign exchange | $ | 820 |  |  | $ | 864 |
Commodities | 428 |  |  | 276 |
Derivatives in fair value hedges: |  |  |
Foreign exchange | 74 |  |  | 60 |
Derivatives not designated as hedges: |  |  |
Foreign exchange | 796 |  |  | 575 |
Commodities | — |  |  | 40 |

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