Fair Value Measurements and Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following summarizes the fair value of the Company’s derivative instruments and other financial instruments at December 31, 2011 and December 31, 2010:

	Assets					Liabilities
	Account	Fair Value				Account	Fair Value
Designated derivative instruments		12/31/11		12/31/10			12/31/11		12/31/10
Interest rate swap contracts	Other current assets	$	2	$	—	Other accruals	$	—	$	—
Interest rate swap contracts	Other assets	40		22		Other liabilities	2		7
Foreign currency contracts	Other current assets	8		10		Other accruals	6		10
Foreign currency contracts	Other assets	28		—		Other liabilities	—		—
Commodity contracts	Other current assets	—		4		Other accruals	1		—
Total designated		$	78	$	36		$	9	$	17
Derivatives not designated
Foreign currency contracts	Other assets	$	3	$	—	Other accruals	$	—	$	2
Total not designated		$	3	$	—		$	—	$	2
Total derivative instruments		$	81	$	36		$	9	$	19
Other financial instruments
Marketable securities	Other current assets	$	72	$	74
Available-for-sale securities	Other assets	236		228
Total other financial instruments		$	308	$	302

Activity related to fair falue hedges

Activity related to fair value hedges recorded during each period presented was as follows:   

	2011									2010
	Foreign Currency Contracts			Interest Rate Swaps			Total			Foreign Currency Contracts		Interest Rate Swaps			Total
Notional Value at December 31,	$	670		$	1,668		$	2,338		$	769	$	788		$	1,557
Gain (loss) on derivative	5			25			30			—		(2		)	(2		)
Gain (loss) on hedged items	(5		)	(25		)	(30		)	—		2			2

Activity related to cash flow hedges

Activity related to cash flow hedges recorded during each period presented was as follows:

	2011									2010
	Foreign Currency Contracts			Commodity Contracts			Total			Foreign Currency Contracts			Commodity Contracts		Total
Notional Value at December 31,	$	403		$	32		$	435		$	371		$	18	$	389
Gain (loss) recognized in OCI	(9		)	(1		)	(10		)	(3		)	5		2
Gain (loss) reclassified into Cost of sales	(13		)	4			(9		)	3			1		4

Activity related to net investment hedges

Activity related to net investment hedges recorded during each period presented was as follows:

	2011									2010
	Foreign Currency Contracts			Foreign Currency Debt			Total			Foreign Currency Contracts			Foreign Currency Debt			Total
Notional Value at December 31,	$	485		$	194		$	679		$	131		$	312		$	443
Gain (loss) on instruments	8			1			9			(8		)	2			(6		)
Gain (loss) on hedged items	(8		)	(1		)	(9		)	8			(2		)	6

Activity related to derivatives not designated as hedging instruments

Activity related to these contracts during each period presented was as follows:

	2011			2010
	Cross-currency Swap			Cross-currency Swap
Notional Value at December 31,	$	96		$	90
Gain (loss) on instrument	(1		)	4
Gain (loss) on hedged item	1			(4		)

The cross-currency swap outstanding at December 31, 2010 replaced a swap with similar terms that settled in June 2010, resulting in a realized gain of $9.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the Venezuelan investments at fair value for the years ended December 31:

	2011		2010
Beginning balance as of January 1	$	96	$	46
Unrealized gain (loss) on investment	61		(17		)
Purchases and sales during the period	79		67
Ending balance as of December 31	$	236	$	96