v3.6.0.2
Fair Value of Financial Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Summary of Estimated Fair Value and Carrying Amount of Financial Instruments Measured on a Recurring Basis

The following table summarizes the estimated fair value and carrying amount of our financial instruments measured on a recurring basis:

 

    

 

     December 31, 2016     December 31, 2015  
     Fair value
hierarchy		     Carrying
amount		     Estimated
fair value		     Carrying
amount		     Estimated
fair value		  

Assets:

           

Notes hedges

      3 1)      258        258        241        241   

Other financial assets

      2        40        40        47        47   

Derivative instruments-assets

      2        3        3        2        2   

Liabilities:

           

Short-term debt

      2        (15 )      (15 )      (22 )      (22 ) 

Short-term debt (bonds)

      2        (406 )      (406 )      (534 )      (535 ) 

Long-term debt (bonds)

      2        (7,752 )      (8,011 )      (7,669 )      (7,723 ) 

2019 Cash Convertible Senior Notes

      2        (1,014 )      (1,310 )      (972 )      (1,260 ) 

Other long-term debt

      2        (1 )      (1 )      (15 )      (15 ) 

Notes Embedded Conversion Derivative

      3 1)      (258 )      (258 )      (241 )      (241 ) 

Warrants

      2        —          —          (168 )      (168 ) 

Derivative instruments-liabilities

      2        (6 )      (6 )      (4 )      (4 ) 

 

1)  During the fourth quarter of 2016, the Notes hedges and the Notes Embedded Conversion Derivative were transferred from level 2 to level 3 of the fair value hierarchy.