Fair Value Measurements

6 Months Ended

Jun. 30, 2011

Fair Value Measurements [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 9. FAIR VALUE MEASUREMENTS

The following table presents information about assets and liabilities recorded at fair value on the Consolidated Balance Sheet at June 30, 2011 and December 31, 2010:

					Quoted Prices in
	Total Carrying				Active Markets for								Significant
	Value in the				Identical				Significant Other				Unobservable
	Consolidated				Assets/Liabilities				Observable Inputs				Inputs
	Balance Sheet				(Level 1)				(Level 2)				(Level 3)
(In millions)	2011		2010		2011		2010		2011		2010		2011		2010
Assets:
Investments	$	44	$	38	$	44	$	38	$	—	$	—	$	—	$	—
Foreign Exchange Contracts		13		26		—		—		11		25		2		1
Total Assets at Fair Value	$	57	$	64	$	44	$	38	$	11	$	25	$	2	$	1
Liabilities:
Foreign Exchange Contracts	$	23	$	17	$	—	$	—	$	23	$	17	$	—	$	—
Total Liabilities at Fair Value	$	23	$	17	$	—	$	—	$	23	$	17	$	—	$	—

Derivative financial instrument valuations classified as Level 3 included embedded currency derivatives in long-dated operating leases. The valuation of the embedded currency derivatives is based on an extrapolation of forward rates to the assumed expiration of the leases. Realized and unrealized gains and losses related to the embedded currency derivatives are included in Other Expense.

     The following table presents supplemental fair value information about long term fixed rate and variable rate debt, excluding capital leases, at June 30, 2011 and December 31, 2010. The fair value was estimated using quoted market prices or discounted future cash flows.

	June 30,		December 31,
(In millions)	2011		2010
Fixed Rate Debt:
Carrying amount — liability	$	2,873	$	2,691
Fair value — liability		3,018		2,791
Variable Rate Debt:
Carrying amount — liability	$	2,151	$	1,798
Fair value — liability		2,085		1,770