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Derivative Financial Instruments and Hedge Activities (Tables)
 12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value, Cash Flow and Net Investment Hedges
The following tables provide details for the years ended December 31, 2012 and 2011 related to fair value, cash flow and net investment hedges, by type of derivative and financial instrument. All dollar amounts are pretax.
 
 
December 31, 2012
Hedge Type (Millions)
 
Gain
(Loss)
Deferred
in OCI
 
Gain (Loss) Recognized
Amount
 
Caption
Fair Value
 
 
 
 
 
 
 
 
Interest rate swaps(a)
 
Not
applicable
 
$
17

 
Interest
expense
 
 
Foreign currency contracts(b)
 
Not
applicable
 
1

 
Sales
 
 
Equity forward arrangements(a)
 
Not
applicable
 
74

 
Asbestos - net
 
 
Total Fair Value
 
 
 
$
92

 
 
Cash Flow
 
 
 
 
 
 
 
 
Natural gas swaps(a) (e)
 
$
(2
)
 
$
(11
)
 
Cost of sales and Income from Discontinued operations, net of tax
 
 
Interest rate swaps of RS Cogen
 
(1
)
 
(2
)
 
Income from Discontinued operations, net of tax
 
 
Forward starting swaps(c)
 
(26
)
 
(5
)
 
Interest
expense
 
 
Foreign currency contracts(d)
 
(9
)
 
(9
)
 
Other charges
 
 
Total Cash Flow
 
$
(38
)

$
(27
)
 
 
Net Investment
 
 
 
 
 
 
 
 
Cross currency swaps(a)
 
$
3

 
$
—

 
Other charges
 
 
Foreign denominated debt
 
(7
)
 
 
 
Other charges
 
 
Total Net Investment
 
$
(4
)
 
$
—

 
 
Non-Hedge
 
 
 
 
 
 
 
 
Foreign currency contracts
 
Not
applicable
 
$
1

 
Other 
charges
 
 
Total Non-Hedge
 
 
 
$
1

 
 
(a)
The ineffective portion related to each of the items was less than $0.1 million of expense.
(b)
The ineffective portion related to this item was $0.5 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 $8 million of expense.
(e)
The portion reported in cost of sales was $1 million of expense.
 
 
December 31, 2011
Hedge Type (Millions)
 
Gain
(Loss)
Deferred
in OCI
 
Gain (Loss) Recognized
Amount
 
Caption
Fair Value
 
 
 
 
 
 
 
 
Interest rate swaps(a)
 
Not
applicable
 
$
16

 
Interest
expense
 
 
Foreign currency contracts(b)
 
Not
applicable
 
2

 
Sales
 
 
Equity forward arrangements(a)
 
Not
applicable
 
1

 
Asbestos - net
 
 
Total Fair Value
 
 
 
$
19

 
 
Cash Flow
 
 
 
 
 
 
 
 
Natural gas swaps(a) (f)
 
$
(10
)
 
$
(32
)
 
Cost of sales and Income from Discontinued Operations, net of tax
 
 
Interest rate swaps of RS Cogen
 
(2
)
 
(2
)
 
Income from Discontinued Operations, net of tax
 
 
Forward starting swaps(c)
 
(73
)
 
—

 
Interest
expense
 
 
Foreign currency contracts(d)
 
6

 
6

 
Other charges
 
 
Total Cash Flow
 
$
(79
)
 
$
(28
)
 
 
Net Investment
 
 
 
 
 
 
 
 
Cross currency swaps(e)
 
$
34

 
$
—

 
Other charges
 
 
Foreign denominated debt
 
13

 
 

 
Other charges
 
 
Total Net Investment
 
$
47

 
$
—

 
 
Non-Hedge
 
 
 
 
 
 
 
 
Foreign currency contracts
 
Not
applicable
 
$
—

 
Other
charges
 
 
Total Non-Hedge
 
 
 
$
—

 
 
(a)
The ineffective portion related to each of the items was less than $0.1 million of either income or expense.
(b)
The ineffective portion related to this item was $0.8 million of income.
(c)
The ineffective portion related to this item was $3 million of income.
(d)
The ineffective portion related to this item was $6 million of expense.
(e)
The ineffective portion related to this item was $2 million of expense.
(f)
The portion reported in cost of sales was $8 million of expense.