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Derivative Financial Instruments and Hedge Activities (Tables)
 9 Months Ended
Sep. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value, Cash Flow and Net Investment Hedges
The following table provides details for the nine month period ended September 30, 2012 related to fair value, cash flow and net investment hedges by type of derivative and financial instrument. All amounts are pretax:
 
(Millions)
Hedge Type
Gain (Loss)
Deferred in
OCI
 
Gain (Loss) Recognized
Amount
 
Caption
Fair Value
 
 
 
 
 
Interest rate swaps (a)
Not applicable
 
$
6

 
Interest expense
Foreign currency contracts (b)
Not applicable
 
—

 
Sales
Equity forward arrangements (a)
Not applicable
 
45

 
Asbestos - net
Total Fair Value
 
 
$
51

 
 
Cash Flow
 
 
 
 
 
Natural gas swaps (a)
$
(2
)
 
$
(11
)
 
Cost of sales
Interest rate swaps of an equity method investee
(1
)
 
(1
)
 
Other earnings
Forward starting swaps (c)
(26
)
 
(2
)
 
Interest expense
Foreign currency contracts (d)
(17
)
 
(16
)
 
Other charges
Total Cash Flow
$
(46
)
 
$
(30
)
 
 
Net Investment
 
 
 
 
 
Cross currency swaps (e)
$
32

 
$
—

 
 
Foreign denominated debt
3

 
Not applicable
 
 
Total Net Investment
$
35

 
 
 
 
Non-Hedge
 
 
 
 
 
Foreign currency contracts
Not applicable
 
$
—

 
Other charges
Total Non-Hedge
 
 
$
—

 
 
 
(a)
The ineffective portion related to each of these items was not greater than $0.1 million of expense.
(b)
The ineffective portion related to this item was $0.4 million of income.
(c)
The ineffective portion related to this item was $4 million of expense.
(d)
The ineffective portion related to this item was $6 million of expense.
(e)
The ineffective portion related to this item was $1 million of expense.



The following tables provide details for the nine month period ended September 30, 2011 related to fair value, cash flow and net investment hedges by type of financial instrument. All amounts are pretax:
(Millions)
Hedge Type
Gain (Loss)
Deferred in OCI
 
Gain (Loss) Recognized
Amount
 
Caption
Fair Value
 
 
 
 
 
Interest rate swaps (a)
Not applicable
 
$
15

 
Interest expense
Foreign currency contracts (b)
Not applicable
 
2

 
Sales
Equity forward arrangements (a)
Not applicable
 
(18
)
 
Asbestos - net
Total Fair Value
 
 
$
(1
)
 
 
Cash Flow
 
 
 
 
 
Natural gas swaps (a)
$
(6
)
 
$
(26
)
 
Cost of sales
Interest rate swaps of an equity method investee
(2
)
 
(2
)
 
Other earnings
Forward starting swaps (c)
(67
)
 
—

 
 
Foreign currency contracts (d)
20

 
20

 
Other charges
Total Cash Flow
$
(55
)
 
$
(8
)
 
 
Net Investment
 
 
 
 
 
Cross currency swaps (e)
$
9

 
$
—

 
 
Foreign denominated debt
—

 
Not applicable
 
 
Total Net Investment
$
9

 
 
 
 
Non-Hedge
 
 
 
 
 
Foreign currency contracts
Not applicable
 
$
—

 
Other charges
Total Non-Hedge
 
 
$
—

 
 
(a)
The ineffective portion related to each of these items was less than $0.1 million of income.
(b)
The ineffective portion related to this item was $1 million of income.
(c)
The ineffective portion related to this item was less than $2.0 million of income.
(d)
The ineffective portion related to this item was $4 million of expense.
(e)
The ineffective portion related to this item was $1 million of expense