Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2013

Financing Arrangements

Schedule of short-term borrowings

(in millions)	2013		2012
Short-term borrowings in various currencies (at rates ranging from 1% to 11% for 2013 and 1% to 7% for 2012)	$	93	$	76

Schedule of components of long-term debt

(in millions)	2013		2012
4.625% senior notes, due November 1, 2020, net of discount of $1	$	399	$	399
3.2% senior notes, due November 1, 2015	350		350
1.8% senior notes, due September 25, 2017, net of discount of $2	298		298
6.625% senior notes, due April 15, 2037, net of premium of $8 and discount of $1	257		257
6.0% senior notes, due April 15, 2017	200		200
5.62% senior notes, due March 25, 2020	200		200
Fair value adjustment related to hedged fixed rate debt instrument	13		20
Total	$	1,717	$	1,724
Less: current maturities	—		—
Long-term debt	$	1,717	$	1,724