Leases and Other Commitments

12 Months Ended

Dec. 31, 2011

Leases [Abstract]

Leases and Other Commitments [Text Block]

NOTE 5

LEASES AND OTHER COMMITMENTS

The Company's leases are generally for equipment and warehouse space. Rent expense on all operating leases was (in millions): 2011-$166; 2010-$154; 2009-$150. The Company did not enter into any material capital lease agreements during 2009, 2010or 2011.

At December 31, 2011, future minimum annual lease commitments under non-cancelable operating and capital leases were as follows:

		Operating		Capital
(millions)		leases		leases
2012	$	150	$	1
2013		123		1
2014		93		1
2015		69		1
2016		59		-
2017 and beyond		95		1
Total minimum payments	$	589	$	5
Amount representing interest				(1)
Obligations under capital leases				4
Obligations due within one year				(1)
Long-term obligations under capital leases			$	3

The Company has provided various standard indemnifications in agreements to sell and purchase business assets and lease facilities over the past several years, related primarily to pre-existing tax, environmental, and employee benefit obligations. Certain of these indemnifications are limited by agreement in either amount and/or term and others are unlimited. The Company has also provided various “hold harmless” provisions within certain service type agreements. Because the Company is not currently aware of any actual exposures associated with these indemnifications, management is unable to estimate the maximum potential future payments to be made. At December 31, 2011, the Company had not recorded any liability related to these indemnifications.