XML 48 R46.htm IDEA: XBRL DOCUMENT

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

Environmental Loss Contingency Disclosure [Text Block]



Accrued Obligations for Environmental Matters
In millions	2012			2011
Balance at January 1	$	733		$	607
Additional accruals	203			286
Charges against reserve	(176		)	(149		)
Foreign currency impact	(6		)	(11		)
Balance at December 31	$	754		$	733

Receivables for Asbestos-Related Costs



Receivables for Asbestos-Related Costs at December 31 In millions	2012		2011
Receivables for defense costs – carriers with settlement agreements	$	17	$	20
Receivables for resolution costs – carriers with settlement agreements	137		158
Receivables for insurance recoveries – carriers without settlement agreements	25		40
Total	$	179	$	218

Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block]



Fixed and Determinable Portion of Take-or-Pay and Throughput Obligations at December 31, 2012 In millions
2013	$	2,570
2014	2,607
2015	2,141
2016	1,904
2017	1,712
2018 and beyond	8,106
Total	$	19,040

Schedule of Guarantor Obligations [Table Text Block]



Guarantees at December 31, 2012 In millions	Final Expiration	Maximum Future Payments (1)		Recorded Liability
Guarantees	2021	$	1,544	$	48
Residual value guarantees (2)	2021	637		31
Total guarantees		$	2,181	$	79


(1)	The Company was indemnified by a third party for $49 million if required to perform under a $98 million guarantee.


(2)	Does not include the residual value guarantee related to the Company's variable interest in an owner trust; see Note 19.



Guarantees at December 31, 2011 In millions	Final Expiration	Maximum Future Payments (1)		Recorded Liability
Guarantees	2020	$	587	$	21
Residual value guarantees (2)	2021	526		24
Total guarantees		$	1,113	$	45


(1)	The Company was indemnified by a third party for $50 million if required to perform under a $100 million guarantee.


(2)	Does not include the residual value guarantee related to the Company's variable interest in an owner trust; see Note 19.

Schedule of Product Warranty Liability [Table Text Block]



Warranty Accrual
In millions	2012			2011
Balance at January 1	$	62		$	16
Accruals related to existing warranties (1)	3			60
Settlements made during the year	(21		)	(14		)
Balance at December 31	$	44		$	62


(1)	The Company recorded a $60 million charge in the fourth quarter of 2011 related to an exited business, included in "Cost of sales" in the consolidated statements of income and reflected in Coatings and Infrastructure Solutions.

Schedule of Change in Asset Retirement Obligation [Table Text Block]



Asset Retirement Obligations
In millions	2012			2011
Balance at January 1	$	88		$	99
Additional accruals	2			4
Liabilities settled	(6		)	(15		)
Accretion expense	1			1
Revisions in estimated cash flows	7			—
Other	—			(1		)
Balance at December 31	$	92		$	88

- Definition

The entire disclosure for environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. This element may be used for all of an entity's disclosures about environmental loss contingencies.

+ References+ Details

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References+ Details

- Definition

Tabular disclosure of unconditional purchase obligations that are not recognized as a liability on the balance sheet, including the nature and significant terms of an unconditional purchase obligation; the amount of the fixed and determinable portion of the obligation as of the date of the latest balance sheet presented in the aggregate and, if determinable, for each of the five succeeding fiscal years; the nature of any variable components of the obligation; the amount purchased under the obligation (for example, the take-or-pay or throughput contract) for the reporting period; and may include the amount of imputed interest necessary to reduce the obligation to present value.

+ References+ Details