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Debt And Lines Of Credit (Tables)
 12 Months Ended
Dec. 31, 2011
Debt And Lines Of Credit [Abstract]  
Debt Extinguishment
In millions   2011     2010     2009  

Debt reductions (a)

   $ 129      $ 393      $ 5,089   

Pre-tax early debt extinguishment costs (b)

     32        39        185   

 

(a)

Reductions related to notes with interest rates ranging from 4.00% to 9.375% with original maturities from 2010 to 2039 for the years ended December 31, 2011, 2010 and 2009.

(b)

Amounts are included in Restructuring and other charges in the accompanying consolidated statements of operations.

Summary Of Long-Term Debt
In millions at December 31    2011      2010  

8.7% to 10% notes – due 2038

    $ 273       $ 274   

9 3/8% note – due 2019

      844         907   

9.25% debentures – due 2011

      0         9   

7.95% debentures – due 2018

      1,505         1,561   

7.5% notes – due 2021

      999         999   

7.4% debentures – due 2014

      303         303   

7.3% notes – due 2039

      725         725   

6 7/8% notes – due 2023 – 2029

      130         130   

6.65% to 6.75% notes – due 2011 & 2037

      4         36   

6.4% to 7.75% debentures due 2025 – 2027

      141         141   

6.0% notes – due 2041

      600         0   

5.85% notes – due 2012

      38         38   

5.25% to 5.5% notes – due 2014 – 2016

      701         701   

4.75% notes – due 2022

      900         0   

Floating rate notes – due 2011 – 2017 (a)

      356         593   

Environmental and industrial development
bonds – due 2011 – 2035 (b)

      1,958         1,892   

Short-term notes (c)

      279         210   

Other (d)

      152         152   

Total (e)

      9,908         8,671   

Less: current maturities

      719         313   

Long-term debt

    $ 9,189       $ 8,358   

 

(a)

The weighted average interest rate on these notes was 1.9% in 2011 and 1.5% in 2010.

(b)

The weighted average interest rate on these bonds was 5.5% in 2011 and 5.6% in 2010.

(c)

The weighted average interest rate was 5.0% in 2011 and 3.2% in 2010. Includes $173 million at December 31, 2011 and $146 million at December 31, 2010 related to non-U.S. denominated borrowings with a weighted average interest rate of 5.9% in 2011 and 4.3% in 2010.

(d)

Includes no unamortized gain or loss at December 31, 2011 and an $8 million gain at December 31, 2010, related to interest rate swaps treated as fair value hedges. Also includes $79 million at December 31, 2011 and $70 million at December 31, 2010, related to the unamortized gain on interest rate swap unwinds (see Note 13).

(e)

The fair market value was approximately $11.2 billion at December 31, 2011 and $9.7 billion at December 31, 2010.