Financing Arrangements and Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

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:

	September 30,			December 31,
(In millions)	2014			2013
Notes payable and overdrafts	$	38		$	14
Weighted average interest rate	9.85		%	3.40		%
Long term debt and capital leases due within one year
Other domestic and international debt (including capital leases)	$	98		$	73
Weighted average interest rate	8.54		%	6.91		%
Total obligations due within one year	$	136		$	87

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:

	September 30, 2014					December 31, 2013
				Interest					Interest
(In millions)	Amount			Rate		Amount			Rate
Notes:
6.75% Euro Notes due 2019	$	315				$	344
8.25% due 2020	995					995
8.75% due 2020	269					267
6.5% due 2021	900					900
7% due 2022	700					700
7% due 2028	150					150
Credit Facilities:
$2.0 billion first lien revolving credit facility due 2017	—			—		—			—
$1.2 billion second lien term loan facility due 2019	1,195			4.75	%	1,195			4.75	%
€400 million revolving credit facility due 2016	353			2.52	%	—			—
Pan-European accounts receivable facility	348			2.82	%	207			3.19	%
Chinese credit facilities	533			5.89	%	537			5.86	%
Other foreign and domestic debt(1)	1,007			8.38	%	878			8.97	%
	6,765					6,173
Capital lease obligations	52					62
	6,817					6,235
Less portion due within one year	(98		)			(73		)
	$	6,719				$	6,162

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(1) Interest rates are weighted average interest rates related to various foreign credit facilities with customary terms and conditions and domestic debt related to our Global and North America Headquarters.

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

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

	September 30,			December 31,
(In millions)	2014			2013
Fair Values — asset (liability):
Accounts receivable	$	17		$	3
Other current liabilities	(3		)	(17		)

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

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

	September 30,		December 31,
(In millions)	2014		2013
Fair Values — asset (liability):
Accounts receivable	$	8	$	3
Other current liabilities	—		(3		)

Derivative Instruments, Gain (Loss)

The following table presents information related to foreign currency contracts designated as cash flow hedging instruments (before tax and minority):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions) (Income) Expense	2014			2013		2014			2013
Amounts deferred to Accumulated Other Comprehensive Loss ("AOCL")	$	(12	)	$	5	$	(10	)	$	(2	)
Amount of deferred (gain) loss reclassified from AOCL into CGS	—			1		1			3
Amounts excluded from effectiveness testing	—			—		1			—