Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.8.0.1
Fair Value (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis
 
 
September 30, 2017
 
December 31, 2016
 
 
Fair Value Measured and Recorded at Reporting Date Using
 
 
 
Fair Value Measured and Recorded at Reporting Date Using
 
 
(In Millions)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 
$

 
$
150

 
$

 
$
150

 
$

 
$
498

 
$

 
$
498

Financial institution instruments 1
 
4,146

 
1,619

 

 
5,765

 
1,920

 
811

 

 
2,731

Government debt 2
 

 
100

 

 
100

 

 
332

 

 
332

Reverse repurchase agreements
 

 
1,599

 

 
1,599

 

 
768

 

 
768

Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 

 
750

 
6

 
756

 

 
1,332

 
6

 
1,338

Financial institution instruments 1
 

 
557

 

 
557

 

 
1,603

 

 
1,603

Government debt 2
 

 
133

 

 
133

 

 
284

 

 
284

Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securities
 

 
12

 

 
12

 

 
87

 

 
87

Corporate debt
 

 
2,269

 

 
2,269

 

 
2,847

 

 
2,847

Financial institution instruments 1
 
57

 
990

 

 
1,047

 
36

 
1,608

 

 
1,644

Government debt 2
 
31

 
3,624

 

 
3,655

 
32

 
3,704

 

 
3,736

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 
2

 
289

 

 
291

 

 
382

 

 
382

Loans receivable
 

 
88

 

 
88

 

 
326

 

 
326

Marketable equity securities
 
5,584

 
475

 

 
6,059

 
6,180

 

 

 
6,180

Other long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 

 
1,697

 
5

 
1,702

 

 
1,995

 
6

 
2,001

Financial institution instruments 1
 

 
1,389

 

 
1,389

 

 
1,758

 

 
1,758

Government debt 2
 

 
753

 

 
753

 

 
957

 

 
957

Other long-term assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 

 
74

 
9

 
83

 

 
31

 
9

 
40

Loans receivable
 

 
543

 

 
543

 

 
236

 

 
236

Total assets measured and recorded at fair value
 
9,820

 
17,111

 
20

 
26,951

 
8,168

 
19,559

 
21

 
27,748

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
449

 

 
449

 

 
371

 

 
371

Other long-term liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
166

 
7

 
173

 

 
179

 
33

 
212

Total liabilities measured and recorded at fair value
 
$

 
$
615

 
$
7

 
$
622

 
$

 
$
550

 
$
33

 
$
583

Financial Instruments Not Recorded At Fair Value On Recurring Basis [Table Text Block]
The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis at the end of each period were as follows:
 
 
September 30, 2017
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
646

 
$

 
$
646

 
$

 
$
646

Loans receivable
 
$
15

 
$

 
$
15

 
$

 
$
15

Non-marketable cost method investments
 
$
2,719

 
$

 
$

 
$
3,336

 
$
3,336

Reverse repurchase agreements
 
$
250

 
$

 
$
250

 
$

 
$
250

Short-term debt
 
$
4,121

 
$

 
$
4,703

 
$

 
$
4,703

Long-term debt
 
$
27,498

 
$

 
$
29,485

 
$

 
$
29,485


 
 
December 31, 2016
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
361

 
$

 
$
362

 
$

 
$
362

Loans receivable
 
$
265

 
$

 
$
265

 
$

 
$
265

Non-marketable cost method investments
 
$
3,098

 
$

 
$

 
$
3,890

 
$
3,890

Reverse repurchase agreements
 
$
250

 
$

 
$
250

 
$

 
$
250

Short-term debt
 
$
4,609

 
$

 
$
5,120

 
$

 
$
5,120

Long-term debt
 
$
20,649

 
$

 
$
21,957

 
$

 
$
21,957