XML 83 R56.htm IDEA: XBRL DOCUMENT v3.8.0.1
BORROWINGS Part 1 (Details)
€ in Millions, $ in Millions
3 Months Ended 12 Months Ended
Nov. 01, 2016
USD ($)
Nov. 01, 2016
EUR (€)
May 26, 2016
USD ($)
May 26, 2016
EUR (€)
Dec. 31, 2016
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2017
EUR (€)
Nov. 01, 2016
EUR (€)
May 26, 2016
EUR (€)
Debt Instrument [Line Items]                      
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax           $ 85 $ (97) $ (216)      
Early debt extinguishment and other related costs           0 85 $ 0      
Total borrowings         $ 6,594 6,540 6,594        
Borrowings due within one year         283 393 283        
Long-term borrowings         6,311 6,147 6,311        
5.5% notes due November 2019 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         249 $ 250 249        
Stated Interest Rate (in hundredths)           5.50%     5.50%    
Maturity Date           2019          
2.7% notes due January 2020 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         796 $ 797 796        
Stated Interest Rate (in hundredths)           2.70%     2.70%    
Maturity Date           2020          
4.5% debentures due January 2021 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         184 $ 185 184        
Stated Interest Rate (in hundredths)           4.50%     4.50%    
Maturity Date           2021          
Extinguishment of Debt, Amount             65        
3.6% notes due August 2022 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         741 $ 738 741        
Stated Interest Rate (in hundredths)           3.60%     3.60%    
Maturity Date           2022          
Extinguishment of Debt, Amount             150        
1.50% notes due May 2023                      
Debt Instrument [Line Items]                      
Long-term Debt [1]         786 $ 895 786        
Principal amount $ 213   $ 614             € 200 € 550
Proceeds from Issuance of Debt     607 € 544              
Stated Interest Rate (in hundredths)           1.50%     1.50%    
Maturity Date           2023          
Factoring facilities [Member]                      
Debt Instrument [Line Items]                      
Transfers of Financial Assets Accounted for as Sale, Initial Fair Value of Assets Obtained as Proceeds | €                 € 150    
Borrowings due within one year           $ 109          
Debt, Weighted Average Interest Rate           1.31%     1.31%    
Line of Credit Facility, Current Borrowing Capacity           Dec. 31, 2020          
7 1/4% debentures due January 2024 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         197 $ 197 197        
Stated Interest Rate (in hundredths)           7.25%     7.25%    
Maturity Date           2024          
Extinguishment of Debt, Amount             47        
7 5/8% debentures due June 2024 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         43 $ 43 43        
Stated Interest Rate (in hundredths)           7.625%     7.625%    
Maturity Date           2024          
Extinguishment of Debt, Amount             11        
3.8% notes due March 2025 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         689 $ 690 689        
Stated Interest Rate (in hundredths)           3.80%     3.80%    
Maturity Date           2025          
Extinguishment of Debt, Amount             100        
1.875% notes due November 2026 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt [1]         519 $ 592 519        
Principal amount 534                 € 500  
Stated Interest Rate (in hundredths)           1.875%     1.875%    
Maturity Date           2026          
7.60% debentures due February 2027 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         195 $ 195 195        
Stated Interest Rate (in hundredths)           7.60%     7.60%    
Maturity Date           2027          
Extinguishment of Debt, Amount             28        
4.8% notes due September 2042 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         493 $ 493 493        
Stated Interest Rate (in hundredths)           4.80%     4.80%    
Maturity Date           2042          
4.65% notes due October 2044 [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         870 $ 871 870        
Stated Interest Rate (in hundredths)           4.65%     4.65%    
Maturity Date           2044          
Commercial paper and short-term borrowings [Member]                      
Debt Instrument [Line Items]                      
Borrowings due within one year         280 $ 389 280        
Line of Credit [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         549 200 549        
Capital Lease Obligations [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt         3 5 3        
Euro denominated notes [Member]                      
Debt Instrument [Line Items]                      
Proceeds from Issuance of Debt $ 742 € 695                  
Various Debt Instruments [Member]                      
Debt Instrument [Line Items]                      
Debt Instrument, Repurchased Face Amount         1,061   1,061        
Redemption Premium             58        
Early debt extinguishment and other related costs         $ 76   76        
Booked value of debt extinguished             1,061        
Repayments of Debt             1,119        
Notes Due 2017 [Member]                      
Debt Instrument [Line Items]                      
Debt Instrument, Repurchased Face Amount     500                
Redemption Premium     7                
Early debt extinguishment and other related costs             9        
Booked value of debt extinguished     498                
Repayments of Debt     $ 507                
Extinguishment of Debt, Amount             500        
Notes Due 2018 [Member]                      
Debt Instrument [Line Items]                      
Extinguishment of Debt, Amount             160        
Foreign Exchange [Member] | Net Investment Hedging [Member]                      
Debt Instrument [Line Items]                      
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax           $ (180) $ 43        
[1] (1) The carrying value of the euro-denominated 1.50% notes due May 2023 and 1.875% notes due November 2026 will fluctuate with changes in the euro exchange rate. The carrying value of these euro-denominated borrowings have been designated as non-derivative net investment hedges of a portion of the Company's net investments in euro functional-currency denominated subsidiaries to offset foreign currency fluctuations. During the twelve months ended December 31, 2017, pre-tax losses of $180 million were recognized in "Other comprehensive income (loss)" for revaluation of these notes.