Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2012

Assets and liabilities reported at fair value on a recurring basis:

(Millions)



	Level 1		Level 2		Level 3		Total
At September 30, 2012
Short-term investments:
Commercial paper and restricted cash	$	—	$	380	$	—	$	380
Marketable equity securities	4		—		—		4
Other current assets:
Foreign currency contracts⁽¹⁾	—		3		—		3
Equity forward arrangement⁽²⁾	—		101		—		101
Investments:
Marketable equity securities	63		—		—		63
Accounts payable and accrued liabilities:
Foreign currency contracts⁽²⁾	—		5		—		5
Other liabilities:
Cross currency swaps⁽²⁾	—		66		—		66

At December 31, 2011
Short-term investments:
Commercial paper and restricted cash	$	—	$	21	$	—	$	21
Marketable equity securities	4		—		—		4
Other current assets:
Foreign currency contracts⁽²⁾	—		1		—		1
Interest rate swaps⁽²⁾	—		1		—		1
Equity forward arrangement⁽²⁾	—		56		—		56
Investments:
Marketable equity securities	56		—		—		56
Other assets:
Interest rate swaps⁽²⁾	—		25		—		25
Accounts payable and accrued liabilities:
Foreign currency contracts⁽²⁾	—		6		—		6
Forward starting swaps⁽²⁾	—		92		—		92
Natural gas swap contracts⁽²⁾	—		9		—		9
Other liabilities:
Cross currency swaps⁽²⁾	—		120		—		120
Foreign currency contracts⁽²⁾	—		1		—		1


(1)	$2 million of this balance is designated as a hedging instrument under U.S. GAAP.


(2)	This entire balance is designated as a hedging instrument under U.S. GAAP.