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TableofContents
amountoflong-termdebtinstrumentsdesignatedinnetinvestmenthedgestotaling3.6billionEuros.Thematuritydatesofthese
derivativeandnonderivativeinstrumentsdesignatedinnetinvestmenthedgesrangefrom2016to2030.
Thelocationintheconsolidatedstatementsofincomeandcomprehensiveincomeandamountsofgainsandlossesrelatedto
derivativeandnonderivativeinstrumentsdesignatedasnetinvestmenthedgesareasfollows.Therewerenoreclassificationsofthe
effectiveportionofnetinvestmenthedgesoutofaccumulatedothercomprehensiveincomeintoincomefortheperiodspresentedin
thetablebelow.
YearendedDecember31,2015
PretaxGain(Loss)  
Recognizedas  
CumulativeTranslation  
withinOther IneffectivePortionofGain(Loss)on 
ComprehensiveIncome InstrumentandAmountExcluded 
DerivativeandNonderivativeInstrumentsinNetInvestmentHedging onEffectivePortionof fromEffectivenessTesting 
Relationships Instrument RecognizedinIncome 
(Millions)  Amount  Location  Amount
Foreigncurrencydenominateddebt $ 63  N/A $ — 
Foreigncurrencyforwardcontracts 143  Costofsales 11 
Total $ 206   $ 11 
YearendedDecember31,2014
PretaxGain(Loss)  
Recognizedas  
CumulativeTranslation  
withinOther IneffectivePortionofGain(Loss)on 
ComprehensiveIncome InstrumentandAmountExcluded 
DerivativeandNonderivativeInstrumentsinNetInvestmentHedging onEffectivePortionof fromEffectivenessTesting 
Relationships Instrument RecognizedinIncome 
(Millions)  Amount  Location  Amount
Foreigncurrencydenominateddebt $ 152  N/A $ — 
Foreigncurrencyforwardcontracts 94  Costofsales 1 
Total $ 246   $ 1 
YearendedDecember31,2013
PretaxGain(Loss)  
Recognizedas  
CumulativeTranslation  
withinOther IneffectivePortionofGain(Loss)on 
ComprehensiveIncome InstrumentandAmountExcluded 
DerivativeandNonderivativeInstrumentsinNetInvestmentHedging onEffectivePortionof fromEffectivenessTesting 
Relationships Instrument RecognizedinIncome 
(Millions)  Amount  Location  Amount
Foreigncurrencydenominateddebt  $ (82) N/A $ — 
Foreigncurrencyforwardcontracts 12  Costofsales — 
Total $ (70)  $ — 
DerivativesNotDesignatedasHedgingInstruments:
Derivativesnotdesignatedashedginginstrumentsincludededesignatedforeigncurrencyforwardandoptioncontractsthatformerly
weredesignatedincashflowhedgingrelationships(asreferencedintheCashFlowHedgessectionabove).Inaddition,3Menters
intoforeigncurrencyforwardcontractstooffset,inpart,theimpactsofcertainintercompanyactivities(primarilyassociatedwith
intercompanylicensingarrangements)andentersintocommoditypriceswapstooffset,inpart,fluctuationsincostsassociatedwith
theuseofcertaincommoditiesandpreciousmetals.Thesederivativeinstrumentsarenotdesignatedinhedgingrelationships;
therefore,fairvaluegainsandlossesonthesecontractsarerecordedinearnings.TheCompanydoesnotholdorissuederivative
financialinstrumentsfortradingpurposes.
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