RECENT INVESTMENT ACTIVITY (Tables)

3 Months Ended

Jun. 30, 2011

Recent Investment Activity (Tables) [Abstract]

Schedule of Business Acquisition Table

			At April 6, 2011
				Chilean		Peruvian		Other holding
(Dollars in millions)				entities		entities		companies		Total
Fair value of businesses acquired:
		Cash consideration (fair value of total consideration)	$	495	$	385	$	8	$	888
		Fair value of equity method investments
		immediately prior to the acquisition		495		385		2		882
		Fair value of noncontrolling interests		37		242		―		279
Total fair value of businesses acquired				1,027		1,012		10		2,049
Recognized amounts of identifiable assets
	acquired and liabilities assumed:
		Cash		219		22		4		245
		Accounts receivable(1)		159		101		6		266
		Other current assets		20		19		―		39
		Property, plant and equipment		554		931		―		1,485
		Other noncurrent assets		66		―		―		66
		Accounts payable		(79)		(59)		―		(138)
		Short-term debt and current portion of long-term debt		―		(47)		―		(47)
		Other current liabilities		(29)		(56)		―		(85)
		Long-term debt		(294)		(179)		―		(473)
		Other noncurrent liabilities		(90)		(178)		―		(268)
Total identifiable net assets				526		554		10		1,090
Goodwill			$	501	$	458	$	―	$	959
Acquisition-related costs (included in Other Operation
	and Maintenance expense on the Condensed
	Consolidated Statements of Operations for the
	three months and six months ended June 30, 2011)		$	1	$	1	$	―	$	2
(1)		We expect acquired accounts receivable to be substantially realizable in cash. Accounts receivable are net of collection allowances of $6 million for Chile and $1 million for Peru.

Schedule of Business Acquisition Proforma Information Table

		Three months ended June 30,				Six months ended June 30,
(Dollars in millions)		2011		2010		2011		2010
Revenues		$	2,422	$	2,353	$	5,199	$	5,163
Earnings(1)			234		245		517		647
(1)	Pro forma earnings in the six months ended June 30, 2010 include a $277 million gain on this transaction related to the remeasurement of equity method investments.