XML 87 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivatives and Hedging Instruments (Tables)
12 Months Ended
Dec. 31, 2011
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables provide information on the location and amounts of derivative fair values in the Consolidated Balance Sheets:
 
Fair Values of Derivative Instruments
 
December 31, 2011
 
December 31, 2011
In millions
Balance Sheet
Location
 
Notional
Amount
 
Fair
Value
 
Balance Sheet
Location
 
Notional
Amount
 
Fair
Value
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
Other assets
 
$

 
$

 
Other liabilities
 
$
560

 
$
9

Foreign exchange forward and option contracts
Accounts receivable, net
 
$
166

 
$
6

 
Other current liabilities
 
$
58

 
$

Total derivatives designated as hedging instruments
 
 
 
 
$
6

 
 
 
 
 
$
9

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
Accounts receivable, net
 
$
114

 
$

 
Other current liabilities
 
$
148

 
$
3

Total derivatives not designated as hedging instruments
 
 
 
 
$

 
 
 
 
 
$
3

Total derivatives
 
 
 
 
$
6

 
 
 
 
 
$
12

 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Values of Derivative Instruments
 
December 31, 2010
 
December 31, 2010
In millions
Balance Sheet
Location
 
Notional
Amount
 
Fair
Value
 
Balance Sheet
Location
 
Notional
Amount
 
Fair
Value
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
Accounts receivable, net
 
$96
 
$7
 
Other current liabilities
 
$105
 
$2
Total derivatives designated as hedging instruments
 
 
 
 
$7
 
 
 
 
 
$2
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
Accounts receivable, net
 
$79
 
$2
 
Other current liabilities
 
$70
 
$1
Total derivatives not designated as hedging instruments
 
 
 
 
$2
 
 
 
 
 
$1
Total derivatives
 
 
 
 
$9
 
 
 
 
 
$3
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The effect of derivative instruments on the Consolidated Statement of Operations for the years ended December 31 were as follows:
In millions
Amount of Gain (Loss)
Recognized in Other Comprehensive Income (OCI) on
Derivative
 (Effective Portion)
 
 
 
Amount of Gain (Loss)
Reclassified from 
AOCI
into the Consolidated
Statement of Operations
(Effective Portion)
 
 
 
Amount of Gain (Loss)
Recognized in the
Consolidated
Statement of
Operations
(Ineffective Portion and
Amount Excluded from
Effectiveness Testing)
Derivatives in 
Cash Flow
Hedging
Relationships
For the year ended December 31, 2011
 
For the year ended December 31, 2010
 
For the year ended December 31, 2009
 
Location of  Gain
(Loss)
Reclassified from
AOCI into the
Consolidated
Statement of
Operations
(Effective Portion)
 
For the year ended December 31, 2011
 
For the year ended December 31, 2010
 
For the year ended December 31, 2009
 
Location of  Gain (Loss)
Recognized in the
Consolidated
Statement of  Operations
(Ineffective
Portion and Amount
Excluded from
Effectiveness Testing)
 
For the year ended December 31, 2011
 
For the year ended December 31, 2010
 
For the year ended December 31, 2009
Interest rate swap
$(9)
 
$—
 
$

 
Interest expense
 
$1
 
$—
 
$

 
Interest expense
 
$—
 
$—
 
$—
Foreign exchange forward and option contracts
$(3)
 
$5
 
$
8

 
Cost of
Products
 
$(3)
 
$3
 
$
(9
)
 
Other (expense)  income
 
$1
 
$—
 
$1

 
In millions
 
 
Amount of Gain (Loss) Recognized in the Consolidated
Statement of Operations
Derivatives not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in the Consolidated Statement of Operations
 
For the year ended December 31, 2011
 
For the year ended December 31, 2010
 
For the year ended December 31, 2009
Foreign exchange forward contracts
Other (expense) income
 
$3
 
$—
 
$(6)
Foreign exchange forward contracts
Cost of Products
 
$3
 
$(1)
 
$6

Refe