Derivatives And Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2012

Derivatives And Hedging Activities [Abstract]

Schedule Of Notional Amounts Of Financial Instruments

In millions, except for electricity contract notional	March 31, 2012			December 31, 2011
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts (Sell / Buy; denominated in sell notional): (a)
British pounds / Brazilian real		26			26
European euro/ Brazilian real		22			16
European euro / Polish zloty		197			233
U.S. dollar / Brazilian real		354			344
U.S. dollar / European euro		6			13
Natural gas contracts (in MMBTUs)		1	(b)		3
Derivatives Not Designated as Hedging Instruments:
Electricity contract (in megawatt hours)		507,000			0
Embedded derivative (in USD)		150			150
Foreign exchange contracts (Sell / Buy; denominated in sell notional): (b)
Indian rupee / U.S. dollar		1,008			904
Interest rate contracts (in USD)		150	(c)		150	(c)

(a) These contracts had maturities of three years or less as of March 31, 2012.

(b) These contracts had maturities of one year or less as of March 31, 2012.

(c) 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)
	Three Months Ended March  31,
In millions	2012			2011
Foreign exchange contracts	$	28		$	3
Fuel oil contracts		0			2
Natural gas contracts		(1	)		(1	)
Total	$	27		$	4

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 March 31,
In millions	2012			2011
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts	$	0		$	7			Cost of products sold
Fuel oil contracts		0			2			Cost of products sold
Natural gas contracts		(4	)		(6	)		Cost of products sold
Total	$	(4	)	$	3
	Gain (Loss) Recognized Into Income						Location of Gain (Loss) In Consolidated Statement of Operations
	Three Months Ended March 31,
In millions	2012			2011
Derivatives in Fair Value Hedging Relationships:
Interest rate contracts	$	0		$	(1	)		Interest expense, net
Debt		0			1			Interest expense, net
Total	$	0		$	0

Derivatives Not Designated as Hedging Instruments:

Electricity contract	$	(1	)	$	0		Cost of products sold
Embedded derivatives		(1	)		(1	)	Interest expense, net
Foreign exchange contracts		(4	)		(2	)	Cost of products sold
Interest rate contracts		5			1		Interest expense, net
Total	$	(1	)	$	(2	)

Activity Related To Fully Effective Interest Rate Swaps Designated As Fair Value Hedges

	2012						2011
In millions	Issued		Terminated		Undesignated		Issued			Terminated		Undesignated
First Quarter	$	0	$	0	$	0	$	100	(a)	$	0	$	0
Total	$	0	$	0	$	0	$	100		$	0	$	0

(a) Fixed-to-floating interest rate swaps were effective when issued and were terminated in the third quarter of 2011.

Impact Of Derivative Instruments In Consolidated Balance Sheet

	Assets						Liabilities
In millions	March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011
Derivatives designated as hedging instruments
Foreign exchange contracts – cash flow	$	5	(a)	$	0		$	24	(c)	$	53	(e)
Natural gas contracts – cash flow		0			0			4	(d)		10	(d)
Total derivatives designated as hedging instruments	$	5		$	0		$	28		$	63
Derivatives not designated as hedging instruments
Electricity contract	$	0		$	0		$	3	(d)	$	0
Embedded derivatives		4	(a)		5	(b)		0			0
Foreign exchange contracts		0			1	(a)		0			0
Interest rate contracts		0			0			4	(d)		5	(f)
Total derivatives not designated as hedging instruments	$	4		$	6		$	7		$	5
Total derivatives	$	9		$	6		$	35		$	68

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

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

(c) Includes $16 million recorded in Other accrued liabilities and $8 million recorded in Other liabilities in the accompanying consolidated balance sheet.

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

(e) Includes $32 million recorded in Other accrued liabilities and $21 million recorded in Other liabilities in the accompanying consolidated balance sheet.

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