Debt (Tables)

3 Months Ended

Mar. 31, 2012

Debt (Tables) [Abstract]

Long Term and Short Term Debt Table

The following is a summary of Praxair’s outstanding debt at March 31, 2012 and December 31, 2011:
	March 31,	December 31,
(Millions of dollars)	2012	2011
SHORT-TERM
Commercial paper and U.S. bank borrowings	$ 180	$159
Other bank borrowings (primarily international)	76	178
Total short-term debt	256	337
LONG-TERM
U.S. borrowings
6.375% Notes due 2012 (b, d, e)	500	501
1.75% Notes due 2012 (a, b, d)	403	405
3.95% Notes due 2013	350	350
2.125% Notes due 2013(a, b)	511	513
4.375% Notes due 2014(a)	299	299
5.25% Notes due 2014	400	400
4.625% Notes due 2015	500	500
3.25% Notes due 2015(a, b)	430	434
5.375% Notes due 2016	400	400
5.20% Notes due 2017	325	325
4.50% Notes due 2019(a)	597	597
3.00% Notes due 2021(a)	498	498
4.05% Notes due 2021(a)	496	496
2.45% Notes due 2022(a, c)	598	-
Other	6	6
International bank borrowings	276	490
Obligations under capital leases	11	11
	6,600	6,225
Less: current portion of long-term debt	(180)	(387)
Total long-term debt	6,420	5,838
Total debt	$ 6,856	$ 6,562

a) Amounts are net of unamortized discounts.

(b) March 31,2012 and December 31,2011 include a $45million and $54 million fair value increase, respectively, related to hedge accounting. See Note 4 for additional information.

(c)In February 2012, Praxair issued $600 million of 2.45% notes due 2022.The proceeds were used for general corporate purposes.

(d) Classified as long-term because of the Company's intent to refinance this debt on a long-term basis and the availability of such financing under the terms of existing agreement.

(e) In April 2012, Praxair repaid $500 million of 6.375% notes that were due and increased other borrowings.