XML 32 R61.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Financial Instruments and Hedge Activities (Additional Information) (Details)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended
Sep. 30, 2012
USD ($)
Year
Contract
Sep. 30, 2011
USD ($)
Sep. 30, 2012
USD ($)
Year
Contract
Sep. 30, 2011
USD ($)
Dec. 31, 2011
USD ($)
Sep. 30, 2012
EUR (€)
Jul. 31, 2012
Dec. 31, 2011
EUR (€)
Dec. 31, 2011
Minimum [Member]
Dec. 31, 2011
Maximum [Member]
Jun. 30, 2012
Settlement Date 15 March 2013
USD ($)
Dec. 31, 2011
Settlement Date 15 March 2013
USD ($)
Sep. 30, 2012
Settlement Date 15 March 2018
USD ($)
Jun. 30, 2012
Settlement Date 15 March 2018
USD ($)
Dec. 31, 2011
Settlement Date 15 March 2018
USD ($)
Sep. 30, 2012
Forward starting swaps [Member]
USD ($)
Sep. 30, 2012
Foreign currency contracts [Member]
USD ($)
Sep. 30, 2011
Foreign currency contracts [Member]
USD ($)
Sep. 30, 2011
Currency Swap [Member]
USD ($)
Derivative Instruments and Hedging Activities Disclosure [Line Items]                                      
Ineffective portion of expense                               $ 4.0 $ 0 $ 4.0 $ 1.0
Fair value of foreign currency contracts not designated as hedges 0   0   0.4                            
Fair value of forward currency contracts liability hedging against the exposure to exchange rates on short-term intercompany transactions denominated in foreign currencies (3)   (3)   (5)                            
Forward currency contracts hedging against changes in fair value of certain firm sales commitments denominated in foreign currencies, amount converted to the South Korean won 65   65   91                            
Contracts conversion period     21 months   30 months                            
Contracts conversion period end date     Jun. 30, 2014                                
Fair value of forward currency contracts asset (liability) hedging against changes in fair value of certain firm sales commitments denominated in foreign currencies 1   1   (1)                            
U.S. dollar to euro cross currency swap contracts 9   9                                
Nine U.S. dollar to euro cross currency swap contracts, notional amount         1,160           600 600 560   560        
Notional amount converted to cash                           1          
Fair value of nine U.S. dollar to euro cross currency swap contracts (66)   (66)   (120)                            
Euro-denominated borrowings hedging a portion of PPG's net investment in European operations           300   300                      
Accumulated pretax unrealized translation gains (losses) in AOCI, related to both the euro-denominated borrowings and the cross currency swaps that have been designated as hedges of net investments     49   14                            
Variable interest rate debt of total borrowings                 25.00% 50.00%                  
Amount interest rate swaps converted from fixed interest rate debt to variable rate debt         445                            
Proceeds from termination of interest rate swaps     29 19                              
Fair value of interest rate swaps contracts         26                            
Derivative, fixed interest rate 4.80%   4.80%                                
Swaps anticipated term 10   10                                
Settlement of forward starting swaps     (121) 0                              
Notional amount of swaps outstanding to hedge exposure to variability of interest payments of future debt refinancing 400   400   400                            
Amount deferred in AOCI 120   120                                
Effective interest rate             5.80%                        
Fair value of swap contracts to manage exposure to variability of interest payments of future debt refinancing         (92)                            
Fair value of natural gas swap contracts to manage exposure to fluctuating natural gas prices         (9)                            
Shares of PPG stock that are to be contributed to the asbestos settlement trust 1,388,889   1,388,889   1,388,889                            
Total principal amount payable for PPG shares contributed to the asbestos settlement 62   62   62                            
Fair value of the equity forward arrangement to mitigate the impact of changes in fair value of stock contributed to the asbestos settlement trust 101   101   56                            
Other comprehensive pretax gain (loss) related to derivative financial instruments     (16) (47)                              
Other comprehensive income net gain (loss), net of tax, related to derivative financial instruments (4) (32) (10) (29)                              
Other comprehensive income net gain (loss), net of tax, realized gains (losses) related to derivative financial instruments     (30) (8)                              
Other comprehensive income net gain (loss), net of tax, unrealized (losses) related to derivative financial instruments     $ (46) $ (55)