Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Accumulated Other Comprehensive Income ("AOCI") And Earnings From Changes In Fair Value Related To Derivative Instruments

The following table sets forth financial information about the impact on Accumulated Other Comprehensive Income (“AOCI”) and earnings from changes in the fair value of derivative instruments.

	Amount of gain/(loss)					Amount of gain/(loss)
	recognized in AOCI					reclassified from AOCI
	(effective portion)					into earnings
	Quarter			Quarter		Quarter			Quarter
	ended			ended		ended			ended
Derivatives in cash flow hedges	March 31, 2013			March 31, 2012		March 31, 2013			March 31, 2012
Foreign exchange	$	—		$	2	$	—		$	(1	)	(1)
Commodities	(17		)	10		(2		)	(7		)	(2)
Total	$	(17	)	$	12	$	(2	)	$	(8	)

(1) Within the Statement of Operations for the three months ended March 31, 2012, a gain of $3 was recognized in cost of products sold and a loss of $4 was recognized in net sales.

(2) Within the Statement of Operations for the three months ended March 31, 2013, a loss of $3 was recognized in cost of products sold and a tax benefit of $1 was recognized in income tax expense. During the three months ended March 31, 2012 a loss of $9 was recognized in cost of products sold and a tax benefit of $2 was recognized in income tax expense.

Fair Value Of Outstanding Derivative Instruments In The Consolidated Balance Sheets

The following table sets forth the fair value hierarchy for the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2013 and December 31, 2012, respectively.

	Balance Sheet Classification	Fair Value Hierarchy	March 31, 2013		December 31, 2012
Derivative Assets
Derivatives designated as hedges:
Foreign exchange	Other current assets	2	$	15	$	5
Commodities	Other current assets	1	—		5
Commodities	Other non-current assets	1	—		1
Derivatives not designated as hedges:
Foreign exchange	Other current assets	2	2		11
	Total		$	17	$	22
Derivative Liabilities
Derivatives designated as hedges:
Foreign exchange	Accounts payable and accrued liabilities	2	$	20	$	6
Commodities	Accounts payable and accrued liabilities	1	34		17
Commodities	Other non-current liabilities	1	4		3
Derivatives not designated as hedges:
Foreign exchange	Accounts payable and accrued liabilities	2	12		4
	Total		$	70	$	30

Schedule of Offsetting Derivative Assets and Liabilities

In the table below, the aggregate fair values of the the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate.

	Gross Amounts Recognized in the Balance Sheet	Gross Amounts Offset in the Balance Sheet	Net Amounts Presented in the Balance Sheet	Gross Amounts Not Offset in the Balance Sheet	Net Amount
Balance at March 31, 2013
Derivative Assets	17	—	17	2	15
Derivative Liabilities	70	—	70	2	68
Balance at December 31, 2012
Derivative Assets	22	—	22	7	15
Derivative Liabilities	30	—	30	7	23

Notional Values Of Outstanding Derivative Instruments In The Consolidated Balance Sheet

The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at March 31, 2013 and December 31, 2012 were:

	March 31, 2013		December 31, 2012
Derivatives in cash flow hedges:
Foreign exchange	$	955	$	471
Commodities	432		434
Derivatives in fair value hedges:
Foreign exchange	99		105
Derivatives not designated as hedges:
Foreign exchange	677		924