Long-term Debt and Borrowing Arrangements (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Schedule Of Long-Term Debt

Long-term and other borrowing arrangements consisted of:

		As of		As of
	Maturity Dates	June 30,		December 31,
		2013		2012
Floating rate notes (a)	May 2014	$	150	$	250
3½% convertible notes (c)	October 2014	75		128
Floating rate term loan (b) (d)	May 2016	47		49
4⅞% notes	November 2017	300		300
9⅝% notes	March 2018	—		446
8¼% notes	January 2019	730		730
Floating rate term loan (b) (e)	March 2019	994		689
9¾% notes	March 2020	224		250
6% Euro-denominated notes	March 2021	325		—
5½% notes	April 2023	500		—
		3,345		2,842
Other		71		63
Total		3,416		2,905
Less: Short-term debt and current portion of long-term debt		221		57
Long-term debt		$	3,195	$	2,848

__________

^(a)  As of June 30, 2013, the floating rate notes due 2014 bear interest at three-month LIBOR, plus 250 basis points, for an aggregate rate of 2.78%.

^(b)  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.

^(c)  As of June 30, 2013, the 3½% convertible notes are convertible by the holders into approximately 5 million shares of the Company’s common stock.

^(d)  As of June 30, 2013, the floating rate term loan due 2016 bears interest at three-month LIBOR, plus 300 basis points, for an aggregate rate of 3.28%.

^(e)  As of June 30, 2013, the floating term rate loan due 2019 bears interest at the greater of three-month LIBOR or 0.75%, plus 225 basis points, for an aggregate rate of 3.00%.

Schedule Of Committed Credit Facilities

At June 30, 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	$	—	$	1,069	$	431
Other facilities (b)	12		2		—		10

__________

^(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 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)  These facilities encompass bank overdraft lines of credit, bearing interest of 4.50% to 5.80% as of June 30, 2013.