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Derivative Instruments - Balance Sheet Classification (Details) € in Millions, $ in Millions | Mar. 31, 2018 EUR (€) | Mar. 31, 2018 USD ($) | Dec. 31, 2017 EUR (€) | Dec. 31, 2017 USD ($) | Mar. 31, 2017 USD ($)
--- | --- | --- | --- | --- | ---
Derivatives, Fair Value |  |  |  |  |
Total asset derivatives |  | $ 18 |  | $ 17 | $ 7
Total liability derivatives |  | $ 42 |  | $ 24 | $ 3
Senior Notes 3.125%, due 2024 (725 million EUR at March 31, 2018) |  |  |  |  |
Derivatives, Fair Value |  |  |  |  |
Amount Hedged | € | € 725 |  | € 725 |  |
Receive Rate | 3.125% | 3.125% | 3.125% | 3.125% | 3.125%
Average Spread | 2.60% | 2.60% | 2.60% | 2.60% |
Derivatives not designated as hedging instruments | Foreign exchange contracts | Current receivables |  |  |  |  |
Derivatives, Fair Value |  |  |  |  |
Total asset derivatives |  | $ 4 |  | $ 4 | $ 5
Derivatives not designated as hedging instruments | Foreign exchange contracts | Other liabilities (noncurrent) |  |  |  |  |
Derivatives, Fair Value |  |  |  |  |
Total liability derivatives |  | 1 |  | 1 | 2
Derivatives designated as hedging instruments | Commodity futures contracts | Noncurrent Receivables. |  |  |  |  |
Derivatives, Fair Value |  |  |  |  |
Total asset derivatives |  | 4 |  | 3 | 2
Derivatives designated as hedging instruments | Commodity futures contracts | Other liabilities (current) |  |  |  |  |
Derivatives, Fair Value |  |  |  |  |
Total liability derivatives |  |  |  |  | $ 1
Derivatives designated as hedging instruments | Interest Rate Swaps | Current receivables |  |  |  |  |
Derivatives, Fair Value |  |  |  |  |
Total asset derivatives |  | 4 |  | 6 |
Derivatives designated as hedging instruments | Interest Rate Swaps | Other liabilities (noncurrent) |  |  |  |  |
Derivatives, Fair Value |  |  |  |  |
Total liability derivatives |  | 15 |  | 13 |
Derivatives designated as hedging instruments | Hedges of multiple risks | Current receivables |  |  |  |  |
Derivatives, Fair Value |  |  |  |  |
Total asset derivatives |  | 6 |  | 4 |
Derivatives designated as hedging instruments | Hedges of multiple risks | Other liabilities (noncurrent) |  |  |  |  |
Derivatives, Fair Value |  |  |  |  |
Total liability derivatives |  | $ 26 |  | $ 10 |

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- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Amount of the hedged item as of the balance sheet date related to the derivative. For example, the hedged balance on a debt instrument. + References No definition available. + Details
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- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51825145&loc=SL20226000-175313 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=64830801&loc=SL51823488-111719 + Details
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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=64830801&loc=SL51823488-111719 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51825145&loc=SL20226000-175313 + Details
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