FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2012

Schedule of Financial Instruments in Statement of Financial Position Fair Value Carrying Amounts

The following table presents the carrying amounts, estimated fair values, and location in the Consolidated Statement of Financial Position for the Company's financial instruments:

			Value Of Items Recorded At Fair Value
(in millions)			As of March 31, 2012
			Total		Level 1		Level 2		Level 3
ASSETS
Marketable securities
Short-term available-for-sale	Other current assets		$	7	$	7	$	-	$	-
Long-term available-for-sale	Other long-term assets			8		8		-		-

Derivatives
Short-term foreign exchange contracts	Receivables, net			1		-		1		-

LIABILITIES

Derivatives
Short-term foreign exchange contracts	Other current liabilities			2		-		2		-



ASSETS			Value Of Items Not Recorded At Fair Value
Marketable securities

Long-term held-to-maturity	Other long-term assets	Carrying value	$	31	$	31	$	-	$	-
		Fair value		31		31		-		-
LIABILITIES
Debt
Short-term debt	Short-term borrowings and current portion of long-term debt	Carrying value		42		-		42		-
		Fair value		32		-		32		-

Long-term debt	Long-term debt, net of current portion	Carrying value		1,446		-		1,446		-
		Fair value		1,357		-		1,357		-

Debt subject to compromise	Liabilities subject to compromise	Carrying value		592		-		592		-
		Fair value		206		-		206		-

Foreign Exchange Gain (Loss)

(in millions)	Three Months Ended
	March 31,
	2012	2011

Net loss	$ 7	$ 13

Derivative Financial Instruments

Schedule of Derivative Instruments Gain (Loss) in Statement of Operations

The location and amounts of pre-tax gains and losses related to derivatives reported in the Consolidated Statement of Operations are shown in the following tables:

Derivatives in Cash Flow Hedging Relationships	Gain (Loss) Recognized in OCI on Derivative (Effective Portion)				Gain (Loss) Reclassified from Accumulated OCI Into Cost of Sales (Effective Portion)					Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
(in millions)	For the three months ended March 31,				For the three months ended March 31,					For the three months ended March 31,
	2012		2011		2012			2011		2012		2011

Commodity contracts	$	1	$	14	$	(2	)	$	-	$	-	$	-

Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in Income on Derivative	Gain (Loss) Recognized in Income on Derivative
(in millions)		For the three months ended March 31,
		2012	2011

Foreign exchange contracts	Other income (charges), net	$ (8)	$ -

Foreign Currency Forward Contracts

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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+ Details

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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