Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of outstanding interest rate derivatives designated as cash flow hedges

As of March 31, 2012 and December 31, 2011, the Company had the following outstanding derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional (dollars in millions)
Interest rate swaps	Two	$	1,000

Schedule of fair value of derivative financial instruments

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as follows (dollars in millions):

	Liability Derivatives
	March 31, 2012			December 31, 2011
Derivatives designated as hedging instruments	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Cash flow hedging contracts	Other noncurrent liabilities	$	83	Other noncurrent liabilities	$	90

Schedule of the amount of gains (losses) recognized in Other Comprehensive Loss

The amount of gains recognized in Other Comprehensive Loss consists of the following (dollars in millions):

	Three Months Ended March 31,
Derivatives designated as hedging instruments	2012		2011
Cash flow hedging contracts	$	7	$	10

Schedule of the amount of gains (losses) reclassified from AOCI to Income/Loss

The amount of gains (losses) reclassified from AOCI to Income/Loss (effective portions) consists of the following (dollars in millions):

		Three Months Ended March 31,
Derivatives designated as hedging instruments	Income Statement Location	2012			2011
Cash flow hedging contracts	Interest Expense	$	(11	)	$	(11	)