ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Income (Loss) [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Note 19. Accumulated Other Comprehensive Income (Loss)

Total accumulated other comprehensive income (loss) is included in the Consolidated Statement of Shareowners' Equity. Comprehensive Income (Loss) attributable to non-controlling interest consisted predominantly of net income. The changes in Accumulated Other Comprehensive Income (Loss) are as follows:

	Pretax		Tax		After Tax
Year Ended December 31, 2011
Foreign exchange translation adjustment	$	(146)	$	-	$	(146)
Pensions and other post retirement benefit adjustments		(317)		108		(209)
Changes in fair value of available for sale investments		12		-		12
Changes in fair value of effective cash flow hedges		(41)		7		(34)
	$	(492)	$	115	$	(377)

Year Ended December 31, 2010
Foreign exchange translation adjustment	$	(249)	$	-	$	(249)
Pensions and other post retirement benefit adjustments		26		18		44
Changes in fair value of available for sale investments		90		-		90
Changes in fair value of effective cash flow hedges		(6)		2		(4)
	$	(139)	$	20	$	(119)

Year Ended December 31, 2009
Foreign exchange translation adjustment	$	259	$	-	$	259
Pensions and other post retirement benefit adjustments		(407)		136		(271)
Changes in fair value of available for sale investments ⁽¹⁾		112		-		112
Changes in fair value of effective cash flow hedges		38		(8)		30
	$	2	$	128	$	130

(1) Includes reclassification adjustment for losses included in net income

Components of Accumulated Other Comprehensive Income (Loss)
	December 31,
	2011		2010
Cumulative foreign exchange translation adjustment	$	74	$	220
Pensions and other post retirement benefit adjustments		(1,650)		(1,441)
Change in fair value of available for sale investments		163		151
Change in fair value of effective cash flow hedges		(31)		3
	$	(1,444)	$	(1,067)

- Definition

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

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-Section 55

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-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

Reference 2: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e681-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Reclassification Adjustments

-URI http://asc.fasb.org/extlink&oid=6522872

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 14-26

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e640-108580

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-Publisher FASB

-Name Accounting Standards Codification

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-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 10: http://www.xbrl.org/2003/role/presentationRef

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-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

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-Name Accounting Standards Codification

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-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e709-108580

+ Details