Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding foreign currency derivatives used to hedge foreign exchange risks

Listed in the table below are the outstanding foreign currency derivatives that were used to hedge foreign exchange risks as of September 30, 2012.

(in millions; except number of instruments)
Foreign Currency Derivative	Number of Instruments	Notional Sold	Sell Notional Currency	Notional Purchased	Buy Notional Currency
Buy PLN/ Sell EUR forward	2	2.0	Euro (EUR)	9.0	Polish Zloty (PLN)
Buy HUF/ Sell EUR forward	2	1.6	Euro (EUR)	515.0	Hungarian  Forint (HUF)
Sell CAD/ Buy SEK forward	4	4.2	Canadian Dollar (CAD)	28.7	Swedish Krona (SEK)
Sell EUR/ Buy SEK forward	2	5.0	Euro (EUR)	44.6	Swedish Krona (SEK)
Sell USD/ Buy SEK forward	2	13.0	United States  Dollar (USD)	90.3	Swedish Krona (SEK)
Sell AUD/ Buy SEK forward	4	4.2	Australian Dollar (AUD)	29.1	Swedish Krona (SEK)
Sell GBP/ Buy SEK forward	2	2.5	British Pound Sterling (GBP)	26.0	Swedish Krona (SEK)

Effect of derivative financial instruments

The table below presents the effect of our derivative financial instruments on the Condensed Consolidated and Combined Income Statements and Statements of Comprehensive Income.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012			2011
Derivatives in Cash Flow Hedges
Foreign Exchange Contracts
Amount of gain (loss) recognized in OCI (a)	$	2	$	—	$	4		$	—
Amount of (gain) loss reclassified from OCI into cost of revenue (a)	—		—		(1		)	—
Amount of gain (loss) recognized in net income (b)	—		—		—			—

(a) Effective portion

(b) Ineffective portion and amount excluded from effectiveness testing

Fair values of foreign exchange contracts

The fair values of our foreign exchange contracts currently included in our hedging program were as follows:

(in millions)	September 30, 2012
Derivatives designated as hedging instruments
Assets
Other current assets	$	2
Total fair value	$	2