Derivatives And Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2011

Schedule of Notional Amounts Of Financial Instruments

In millions, except for fuel oil contracts notional	June 30, 2011			December 31, 2010
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts (Sell / Buy; in sell notional): (a)
British pounds / Brazilian real		4			8
European euro/ Brazilian real		2			4
European euro / Polish zloty		215			223
U.S. dollar / Brazilian real		29			74
U.S. dollar / European euro		27			0
Fuel oil contracts (in barrels)		24,000	(b)		200,000
Natural gas contracts (in MMBTUs)		7	(c)		12
Derivatives in Fair Value Hedging Relationships:
Interest rate contracts (in USD)		474			274
Derivatives Not Designated as Hedging Instruments:
Embedded derivative (in USD)		150			150
Foreign exchange contracts (Sell / Buy; in sell notional):
European euro / U.S. dollar		0			85
Indian rupee / U.S. dollar		4,813			0
South Korean won / U.S. dollar		8,076			8,076
U.S. dollar / Brazilian real		14			0
U.S. dollar / European euro		0			109
U.S. dollar / Indian rupee		320			0
Interest rate contracts (in USD)		154	(d)		154	(d)

(a) These contracts had maturities of three years or less as of June 30, 2011.

(b) These contracts had maturities of one year or less as of June 30, 2011.

(c) These contracts had maturities of two years or less as of June 30, 2011.

(d) Includes $150 million floating-to-fixed interest rate swap notional to offset the embedded derivative.

Gains Or Losses Recognized In Accumulated Other Comprehensive Income (AOCI), Net Of Tax, Related To Derivative Instruments

	Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)
	Six Months Ended June 30,
In millions	2011			2010
Foreign exchange contracts	$	10		$	9
Fuel oil contracts		2			(3	)
Natural gas contracts		(2	)		(14	)
Total	$	10		$	(8	)

Gains And Losses Recognized In Consolidated Statement Of Operations On Qualifying And Non-Qualifying Financial Instruments

	Gain (Loss) Reclassified from AOCI into Income (Effective Portion)												Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
	Three Months Ended June 30,						Six Months Ended June 30,
In millions	2011			2010			2011			2010
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts	$	5		$	8		$	12		$	16		Cost of products sold
Fuel oil contracts		1			0			3			1		Cost of products sold
Natural gas contracts		(4	)		(5	)		(10	)		(11	)	Cost of products sold
Total	$	2		$	3		$	5		$	6
	Amount of Gain (Loss) Recognized in Income												Location of Gain (Loss)
	Three Months Ended June 30,						Six Months Ended June 30,
In millions	2011			2010			2011			2010
Derivatives in Fair Value Hedging Relationships:
Interest rate contracts	$	8		$	12		$	7		$	26		Interest expense, net
Debt		(8	)		(12	)		(7	)		(26	)	Interest expense, net
Total	$	0		$	0		$	0		$	0
Derivatives Not Designated as Hedging Instruments:
Embedded Derivatives	$	0		$	2		$	(1	)	$	3		Interest expense, net
Foreign exchange contracts		(5	)		(2	)		(7	)		0		Cost of products sold
Interest rate contracts		0			6			1			12		Interest expense, net
Total	$	(5	)	$	6		$	(7	)	$	15

Impact Of Derivative Instruments In Consolidated Balance Sheet

	Assets						Liabilities
In millions	June 30, 2011			December 31, 2010			June 30, 2011			December 31, 2010
Derivatives designated as hedging instruments
Interest rate contracts – fair value	$	17	(a)	$	10	(e)	$	0		$	0
Foreign exchange contracts – cash flow		13	(b)		18	(f)		0			1	(h)
Fuel oil contracts – cash flow		1	(c)		3	(c)		0			0
Natural gas contracts – cash flow		0			0			18	(g)		32	(i)
Total derivatives designated as hedging instruments	$	31		$	31		$	18		$	33
Derivatives not designated as hedging instruments
Embedded derivatives	$	7	(d)	$	8	(d)	$	0		$	0
Foreign exchange contracts		3	(c)		1	(c)		3	(g)		5	(g)
Interest rate contracts		0			0			7	(h)		8	(h)
Total derivatives not designated as hedging instruments	$	10		$	9		$	10		$	13
Total derivatives	$	41		$	40		$	28		$	46

(a) Includes $2 million recorded in Accounts and notes receivable, net, and $15 million recorded in Deferred charges and other assets in the accompanying consolidated balance sheet.

(b) Includes $9 million recorded in Other current assets and $4 million recorded in Deferred charges and other assets in the accompanying consolidated balance sheet.

(c) Included in Other current assets in the accompanying consolidated balance sheet.

(d) Included in Deferred charges and other assets in the accompanying consolidated balance sheet.

(e) Includes $3 million recorded in Accounts and notes receivable, net, and $7 million recorded in Deferred charges and other assets in the accompanying consolidated balance sheet.

(f) Includes $13 million recorded in Other current assets and $5 million recorded in Deferred charges and other assets in the accompanying consolidated balance sheet.

(g) Included in Other accrued liabilities in the accompanying consolidated balance sheet.

(h) Included in Other liabilities in the accompanying consolidated balance sheet.

(i) Includes $27 million recorded in Other accrued liabilities and $5 million recorded in Other liabilities in the accompanying consolidated balance sheet.

Interest Rate Swap [Member]

Schedule of Notional Amounts Of Financial Instruments

	2011							2010
In millions	Issued			Terminated		Undesignated		Issued		Terminated		Undesignated
Second Quarter	$	100	(a)	$	0	$	0	$	0	$	100	$	2
First Quarter		100	(a)		0		0		0		700		0
Total	$	200		$	0	$	0	$	0	$	800	$	2

(a) Fixed-to-floating interest rate swaps were effective when issued and mature in June 2014 and April 2015.