Investments in Affiliates

12 Months Ended

Dec. 31, 2011

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Investments in Affiliates

Investments in Affiliates

The Company is a party to various transactions with affiliated companies. Entities in which the Company has an investment accounted for under the cost or equity method of accounting are considered affiliates; any transactions or balances with such companies are considered affiliate transactions.

Equity Method

Equity method investments and ownership interests by business segment are as follows:

	Ownership Percentage as of		Carrying Value as of		Share of Earnings (Loss) Year Ended				Dividends and Other Distributions Year Ended
	December 31,		December 31,		December 31,				December 31,
	2011	2010	2011	2010	2011	2010	2009		2011		2010		2009
	(In percentages)		(In $ millions)
Advanced Engineered Materials
Ibn Sina	25	25	54	53	112	81	51		(111	)	(84	)	(41	)
Fortron Industries LLC	50	50	87	79	7	5	(3	)	—		—		—
Korea Engineering Plastics Co., Ltd.	50	50	150	153	23	20	14		(22	)	(20	)	(10	)
Polyplastics Co., Ltd.	45	45	202	229	19	37	15		(45	)	(10	)	(4	)
Una SA(1)	—	50	—	3	—	1	—		(3	)	—		—
Other Activities
InfraServ GmbH & Co. Gendorf KG	39	39	33	27	10	4	3		(3	)	(2	)	(5	)
InfraServ GmbH & Co. Hoechst KG	32	32	125	128	16	16	15		(16	)	(18	)	(14	)
InfraServ GmbH & Co. Knapsack KG	27	27	21	22	5	4	5		(5	)	(4	)	(4	)
Consumer Specialties
Sherbrooke Capital Health and Wellness, L.P.(2)	10	10	5	5	—	—	(1	)	—		—		—
Total			677	699	192	168	99		(205	)	(138	)	(78	)

_____________________

⁽¹⁾ The Company divested this investment in March 2011.

⁽²⁾ The Company accounts for its ownership interest in Sherbrooke Capital Health and Wellness, L.P. under the equity method of accounting because the Company is able to exercise significant influence.

Financial information for Ibn Sina is not provided to the Company on a timely basis and as a result, the Company's proportional share is reported on a one quarter lag. Accordingly, summarized financial information of Ibn Sina presented below is as of and for the 12 months ended September 30 as follows:

	2011	2010
	(In $ millions)
Current assets	350	226
Noncurrent assets	210	202
Current liabilities	162	108
Noncurrent liabilities	41	39

	2011	2010	2009
	(In $ millions)
Revenues	1,204	923	630
Gross profit	546	403	256
Net income	481	357	222

Cost Method

Cost method investments and ownership interests by business segment are as follows:

	Ownership Percentage as of		Carrying Value as of		Dividend Income for the Year Ended
	December 31,		December 31,		December 31,
	2011	2010	2011	2010	2011	2010	2009
	(In percentages)		(In $ millions)
Consumer Specialties
Kunming Cellulose Fibers Co. Ltd.	30	30	14	14	12	11	10
Nantong Cellulose Fibers Co. Ltd.	31	31	97	89	56	51	38
Zhuhai Cellulose Fibers Co. Ltd.	30	30	14	14	10	9	8
Other Activities
InfraServ GmbH & Co. Wiesbaden KG	8	8	6	6	2	2	1
Other			16	16	—	—	—
Total			147	139	80	73	57

Transactions with Affiliates

Transactions with affiliates are as follows:

	Year Ended December 31,
	2011	2010	2009
	(In $ millions)
Purchases	190	169	143
Sales	10	8	6
Interest income	1	1	1
Interest expense	—	—	1

Balances with affiliates are as follows:

	As of December 31,
	2011	2010
	(In $ millions)
Trade receivables	—	3
Non-trade receivables	15	20
Total due from affiliates	15	23
Short-term borrowings	34	48
Trade payables	4	16
Current Other liabilities	8	8
Total due to affiliates	46	72

The Company has agreements with certain affiliates, primarily real estate service companies (“InfraServ Entities”) (Note 15), whereby excess affiliate cash is lent to and managed by the Company, at variable interest rates governed by those agreements.