Financing Arrangements and Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Financing Arrangements and Derivative Financial Instruments [Abstract]

Notes payable and overdrafts, long term debt and capital leases due with in one year and short term financing arrangements

The following table presents amounts due within one year:

	December 31,			December 31,
(In millions)	2011			2010
Notes payable and overdrafts:	$	256		$	238
Weighted average interest rate	5.56		%	4.56		%
Long term debt and capital leases due within one year:
Other domestic and international debt (including capital leases)	$	156		$	188
Weighted average interest rate	10.78		%	8.77		%
Total obligations due within one year	$	412		$	426

Long term debt and capital leases, net of unamortized discounts and interest rates

The following table presents long term debt and capital leases, net of unamortized discounts, and interest rates:

	December 31, 2011					December 31, 2010
				Interest					Interest
(In millions)	Amount			Rate		Amount			Rate
Notes:
10.5% due 2016	$	631				$	966
6.75% Euro Notes due 2019	324					—
8.25% due 2020	994					993
8.75% due 2020	264					263
7% due 2028	149					149
Credit Facilities:
$1.5 billion first lien revolving credit facility due 2013	—			—		—			—
$1.2 billion second lien term loan facility due 2014	1,200			1.93	%	1,200			1.96	%
€400 million revolving credit facility due 2016	—			—		—			—
Pan-European accounts receivable facility due 2015	393			3.91	%	319			3.73	%
Chinese credit facilities	389			5.80	%	153			5.45	%
Other domestic and international debt(1)	570			10.00	%	446			9.04	%
	4,914					4,489
Capital lease obligations	31					18
	4,945					4,507
Less portion due within one year	(156		)			(188		)
	$	4,789				$	4,319

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(1) Interest rates are weighted average interest rates.

Schedule of foreign exchange contracts not designated as hedging instruments statement of financial position

The following table presents fair values for foreign currency contracts not designated as hedging instruments:

	December 31,			December 31,
(In millions)	2011			2010
Fair Values — asset (liability):
Accounts receivable	$	26		$	25
Other assets	—			1
Other current liabilities	(5		)	(15		)
Other long term liabilities	(1		)	—

Schedule of Maturities of Long-term Debt

The annual aggregate maturities of our debt and capital leases for the five years subsequent to December 31, 2011 are presented below. Maturities of debt credit agreements have been reported on the basis that the commitments to lend under these agreements will be terminated effective at the end of their current terms.

(In millions)	2012		2013		2014		2015		2016
U.S.	$	13	$	4	$	1,200	$	—	631
International	143		90		42		490		322
	$	156	$	94	$	1,242	$	490	$	953

Schedule of foreign exchange contracts designated as cash flow hedging Instruments statement of financial position

The following table presents fair values for foreign currency contracts designated as cash flow hedging instruments:

	December 31,		December 31,
(In millions)	2011		2010
Fair Values — asset (liability):
Accounts receivable	$	11	$	—
Other current liabilities	—		(2		)

Schedule of Derivative Instruments, (Gain) Loss in Statement of Financial Performance

The following table presents the classification of changes in fair values of foreign currency contracts designated as cash flow hedging instruments (before tax and minority):

	Twelve Months Ended
	December 31,
(In millions) (Income) Expense	2011			2010
Amounts deferred to AOCL	$	(5	)	$	2
Amount of deferred loss reclassified from AOCL into CGS	10			—
Amounts excluded from effectiveness testing	2			—