Asset Derivatives | Liability Derivatives | |||||||||||||||||||
(In millions) | Balance Sheet Location | 2013 | 2012 | Balance Sheet Location | 2013 | 2012 | ||||||||||||||
Derivatives formally designated as hedging instruments: | ||||||||||||||||||||
Foreign exchange forwards and options | Prepaid expenses and other current assets | $ | 141 | $ | 203 | Accrued liabilities | $ | 12 | $ | 35 | ||||||||||
Foreign exchange forwards and options | Deferred income taxes and other long-term assets | 79 | 7 | Deferred income taxes and other long-term liabilities | — | — | ||||||||||||||
Interest rate swap contracts | Deferred income taxes and other long-term assets | 11 | 15 | Deferred income taxes and other long-term liabilities | — | — | ||||||||||||||
Total derivatives formally designated as hedging instruments | $ | 231 | $ | 225 | $ | 12 | $ | 35 | ||||||||||||
Derivatives not designated as hedging instruments: | ||||||||||||||||||||
Foreign exchange forwards and options | Prepaid expenses and other current assets | $ | 58 | $ | 55 | Accrued liabilities | $ | 22 | $ | 20 | ||||||||||
Embedded derivatives | Prepaid expenses and other current assets | — | 1 | Accrued liabilities | — | — | ||||||||||||||
Total derivatives not designated as hedging instruments | 58 | 56 | 22 | 20 | ||||||||||||||||
TOTAL DERIVATIVES | $ | 289 | $ | 281 | $ | 34 | $ | 55 | ||||||||||||