Nonconsolidated Affiliates

12 Months Ended

Dec. 31, 2011

Nonconsolidated Affiliates [Abstract]

Equity Method Investments Disclosure [Text Block]

NONCONSOLIDATED AFFILIATES

The Corporation's investments in companies accounted for by the equity method (“nonconsolidated affiliates”) were $132 million at December 31, 2011 and $131 million at December 31, 2010. Dividends received from nonconsolidated affiliates were $73 million in 2011, $41 million in 2010 and $36 million in 2009. Undistributed earnings of nonconsolidated affiliates included in retained earnings were $31 million at December 31, 2011 and $30 million at December 31, 2010.

All of the nonconsolidated affiliates in which the Corporation has investments are privately held companies; therefore, quoted market prices are not available.

Principal Nonconsolidated Affiliates

The Corporation's principal nonconsolidated affiliates and the Corporation's ownership interest for each at December 31, 2011, 2010 and 2009 are shown below:



Principal Nonconsolidated Affiliates at December 31	Ownership Interest
	2011	2010	2009
Nippon Unicar Company Limited	50%	50%	50%
Univation Technologies, LLC	50%	50%	50%

The Corporation's investment in the principal nonconsolidated affiliates was $122 million at December 31, 2011 and $125 million at December 31, 2010, and its equity in earnings was $65 million in 2011, $50 million in 2010 and $45 million in 2009. The summarized financial information presented below represents the combined accounts (at 100 percent) of the principal nonconsolidated affiliates.



Summarized Balance Sheet Information at December 31
In millions	2011		2010
Current assets	$	396	$	361
Noncurrent assets	166		157
Total assets	$	562	$	518
Current liabilities	$	133	$	131
Noncurrent liabilities	121		84
Total liabilities	$	254	$	215



Summarized Income Statement Information
In millions	2011		2010		2009 (1)
Sales	$	715	$	655	$	1,239
Gross profit	$	244	$	180	$	181
Net income	$	145	$	122	$	83
(1) The summarized income statement information includes the results for OPTIMAL for the first nine months of 2009. On September 30, 2009, the Corporation completed the sale of its ownership interest in OPTIMAL. See Note D.

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

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