Long-term Debt and Borrowing Arrangements (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Schedule Of Long-Term Debt

Long-term and other borrowing arrangements consisted of:

		As of		As of
	Maturity Dates	March 31, 2013		December 31, 2012
Floating rate notes (b)	May 2014	$	250	$	250
3½% convertible notes (c)	October 2014	77		128
Floating rate term loan (a) (d)	May 2016	48		49
4⅞% notes	November 2017	300		300
9⅝% notes	March 2018	446		446
8¼% notes	January 2019	730		730
Floating rate term loan (a) (e)	March 2019	894		689
9¾% notes	March 2020	250		250
6% Euro-denominated notes	March 2021	320		—
		3,315		2,842
Other		32		63
Total		3,347		2,905
Less: Short-term debt and current portion of long-term debt		29		57
Long-term debt		$	3,318	$	2,848

__________

^(a)  The floating rate term loans are part of the Company’s senior credit facility, which also includes its revolving credit facility maturing 2016, and are secured by pledges of all of the capital stock of all of the Company’s direct or indirect domestic subsidiaries and 65% of the capital stock of each direct foreign subsidiary, subject to certain exceptions, and liens on substantially all of the Company’s intellectual property and certain other real and personal property.

^(b)  As of March 31, 2013, the floating rate notes due 2014 bear interest at three-month LIBOR, plus 250 basis points, for an aggregate rate of 2.79%.

^(c)  As of March 31, 2013, the 3½% convertible notes are convertible by the holders into approximately 5 million shares of our common stock.

^(d)  As of March 31, 2013, the floating rate term loan due 2016 bears interest at three-month LIBOR, plus 300 basis points, for an aggregate rate of 3.31%.

^(e)  As of March 31, 2013, the floating term rate loan due 2019 bears interest at the greater of three-month LIBOR or 1.0%, plus 275 basis points, for an aggregate rate of 3.75%.

Schedule Of Committed Credit Facilities

At March 31, 2013, the committed credit facilities available to the Company and/or its subsidiaries included:

	Total Capacity		Outstanding Borrowings		Letters of Credit  Issued		Available Capacity
Revolving credit facility maturing 2016 (a)	$	1,500	$	—	$	750	$	750
Other facilities (b)	9		3		—		6

__________

^(a)  This revolving credit facility matures in 2016 and bears interest of one-month LIBOR, plus 300 basis points. The Company’s senior credit facility, which encompasses the floating rate term loans due 2016 and 2019 and the revolving credit facility, is secured by pledges of all of the capital stock of all of the Company’s domestic subsidiaries and 65% of the capital stock of each foreign subsidiary directly owned by the Company’s domestic subsidiaries, subject to certain exceptions, and liens on substantially all of the Company’s intellectual property and certain other real and personal property.

^(b)  These facilities encompass bank overdraft lines of credit, bearing interest of 4.50% to 5.80% as of March 31, 2013.