Financial Instruments, Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2012

Financial Instruments, Derivatives and Hedging Activities

Schedule of location and amount of assets and liabilities reported in balance sheet

	Fair Value of Derivative Instruments
		Fair Value					Fair Value
Derivatives designated as hedging instruments: (in millions)	Balance Sheet Location	AtJune 30, 2012		AtDecember 31, 2011		Balance Sheet Location	AtJune 30, 2012		AtDecember 31, 2011
Commodity and foreign currency contracts	Accounts receivable-net	$	35	$	14	Accounts payable and accrued liabilities	$	16	$	34
Commodity contracts	Other non-current assets	2		—		Non-current liabilities	9		11
Total		$	37	$	14		$	25	$	45

Schedule of amount of gains recognized in OCI and location and amount of gains and losses reported in income statement

Derivatives in	Amount of Gains Recognized in OCI on Derivatives				Location of Gains (Losses)	Amount of Gains (Losses) Reclassified from AOCI  into Income
Cash Flow  Hedging Relationships	Three Months Ended June 30, 2012		Three Months Ended June 30, 2011		Reclassified from AOCI into Income	Three Months Ended June 30, 2012			Three Months Ended June 30, 2011
Commodity and foreign currency contracts	$	53	$	18	Cost of sales	$	(14	)	$	46
Interest rate contracts	—		—		Financing costs, net	(1		)	(1		)
Total	$	53	$	18		$	(15	)	$	45

Derivatives in	Amount of Gains Recognized in OCI on Derivatives				Location of Gains (Losses)	Amount of Gains (Losses) Reclassified from AOCI  into Income
Cash Flow Hedging Relationships	Six Months Ended June 30, 2012		Six Months Ended June 30, 2011		Reclassified from AOCI into Income	Six Months Ended June 30, 2012			Six Months Ended June 30, 2011
Commodity and foreign currency contracts	$	8	$	82	Cost of sales	$	(20	)	$	79
Interest rate contracts	—		—		Financing costs, net	(2		)	(2		)
Total	$	8	$	82		$	(22	)	$	77

Schedule of fair value of financial instruments and derivatives

	As of June 30, 2012								As of December 31, 2011
(in millions)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Available for sale securities	$	3	$	3	$	—	$	—	$	2	$	2	$	—	$	—
Derivative assets	60		35		25		—		33		14		19		—
Derivative liabilities	25		1		24		—		46		16		30		—
Long-term debt	1,935		—		1,935		—		1,921		—		1,921		—