Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Details 3)

v2.4.0.8
DERIVATIVES (Details 3) (USD $)
In Millions, unless otherwise specified
Mar. 30, 2014
Dec. 31, 2013
Derivatives, Fair Value    
Derivative net asset position $ 2  
Derivative net liability position 8  
Derivatives designated as hedging instruments
   
Derivatives, Fair Value    
Notional amount of derivatives 679 425
Derivative assets 4 [1] 54 [1]
Derivative liabilities 8 [1] 5 [1]
Derivatives designated as hedging instruments | Prepaid expenses and other current assets
   
Derivatives, Fair Value    
Derivative assets 4 5
Derivatives designated as hedging instruments | Other assets
   
Derivatives, Fair Value    
Derivative assets    49
Derivatives designated as hedging instruments | Other accrued expenses
   
Derivatives, Fair Value    
Derivative liabilities 2 5
Derivatives designated as hedging instruments | Other liabilities and deferred revenue
   
Derivatives, Fair Value    
Derivative liabilities 6   
Derivatives not designated as hedging instruments
   
Derivatives, Fair Value    
Notional amount of derivatives 634 [2] 547 [2]
Derivative assets 2 [1] 6 [1]
Derivative liabilities 4 [1] 5 [1]
Derivatives not designated as hedging instruments | Prepaid expenses and other current assets
   
Derivatives, Fair Value    
Derivative assets 2 6
Derivatives not designated as hedging instruments | Other assets
   
Derivatives, Fair Value    
Derivative assets      
Derivatives not designated as hedging instruments | Other accrued expenses
   
Derivatives, Fair Value    
Derivative liabilities 4 5
Derivatives not designated as hedging instruments | Other liabilities and deferred revenue
   
Derivatives, Fair Value    
Derivative liabilities      
Derivatives not designated as hedging instruments | Commodity zero cost collars | Copper
   
Derivatives, Fair Value    
Non-monetary notional amount (in units) 5,104 5,421
Average Cap Price 7,468 7,639
Average Floor Price 6,841 6,978
[1] Estimates of the fair value of all derivative assets and liabilities above are derived from Level 2 inputs, which are estimated primarily using actively quoted prices for similar instruments from brokers and observable inputs, including market transactions and third-party pricing services.
[2] Commodity zero-cost collars are not designated as hedging instruments and had a notional quantity of 5,104 and 5,421 metric tons of copper at March 30, 2014 and December 31, 2013, respectively. These instruments are not included in the notional amounts above as they were subject to a USD denominated cap and floor; however, they are included in the total asset and liability balances as appropriate. The average cap and floor at March 30, 2014 and December 31, 2013 were $7,468 and $6,841 and $7,639 and $6,978, respectively.