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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2011

Fair Value Measurements Disclosure [Abstract]

The following tables present information about assets and liabilities required to be carried at fair value on a recurring basis as of June 30, 2011 and December 31, 2010, respectively (millions):

	Fair Value Measurements
	June 30, 2011								December 31, 2010
Description		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Trading securities:
Diversified equity securities	$	271	$	5	$	-	$	276	$	261	$	4	$	-	$	265
Available-for-sale securities:
Equity securities		15		-		-		15		12		-		-		12
Debt securities		-		47		-		47		-		41		-		41
Derivatives:
Foreign exchange contracts		-		3		-		3		-		17		-		17
Other		4		-		22		26		4		-		19		23
Liabilities:
Derivatives:
Foreign exchange contracts		-		(60)		-		(60)		-		(20)		-		(20)
Other		-		-		(15)		(15)		-		-		(28)		(28)
Total	$	290	$	(5)	$	7	$	292	$	277	$	42	$	(9)	$	310

Level 3 Asset and Liability Reconciliation

The following table reconciles the beginning and ending balances of net assets and liabilities classified as Level 3 and identifies the total gains (losses) the Company recognized during the six months ended June 30, 2011 and 2010, respectively, on such assets and liabilities that were included in the balance sheet as of June 30, 2011 and 2010, respectively (millions):

	Derivatives
	June 30, 2011		June 30, 2010

Balance as of the beginning of the period	$	(9)	$	20
Total gains (losses):
Included in operating income		7		-
Included in other income (loss), net		6		(6)
Included in other comprehensive income		-		-
Settlements		3		(8)
Issuances		-		(50)
Transfers in and/or out of Level 3		-		-
Balance as of the end of the period	$	7	$	(44)

Total gain (loss) for the period included in
net income related to assets and liabilities still held as of the end of the period	$	13	$	(6)

- Definition

This element represents the disclosure related to the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods.

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