Note 8 - Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Derivative Instruments Disclosure [Abstract]

Fair value of outstanding derivative instruments

The fair value of our outstanding derivative instruments was as follows:

	Derivative Assets Reported in Other Current Assets				Derivative Liabilities Reported in Other Current Liabilities
	December 31, 2012		December 31, 2011		December 31, 2012		December 31, 2011
	(In millions)
Foreign exchange contracts designated as cash flow hedges	$	1	$	75	$	56	$	3
Foreign exchange contracts not designated as hedging instruments	43		29		30		57
Other contracts not designated as hedging instruments	11		8		—		—
Total fair value of derivative instruments	$	55	$	112	$	86	$	60

Summary of activity of derivative contracts that qualify for hedge accounting and the impact of designated derivative contrqacts on accumulated other comprehensive income

The following table summarizes the activity of derivative contracts that qualify for hedge accounting as of December 31, 2012 and 2011, and the impact of designated derivative contracts on accumulated other comprehensive income for the years ended December 31, 2012 and 2011:

	December 31, 2011		Amount of gain (loss) recognized in other comprehensive income (effective portion)		Amount of gain (loss) reclassified from accumulated other comprehensive income to net revenue and operating expense (effective portion)	December 31, 2012
	(In millions)
Foreign exchange contracts designated as cash flow hedges	$	72	(54	)	73	$	(55	)

	December 31, 2010		Amount of gain (loss) recognized in other comprehensive income (effective portion)	Amount of gain (loss) reclassified from accumulated other comprehensive income to net revenue and operating expense (effective portion)	December 31, 2011
	(In millions)
Foreign exchange contracts designated as cash flow hedges	$	14	72	14	$	72

Schedule of location in financial statements of recognized gains or losses related to derivative instruments

The following table provides the location in our financial statements of the recognized gains or losses related to our derivative instruments: 

	Year Ended December 31,
	2012		2011			2010
	(In millions)
Foreign exchange contracts designated as cash flow hedges recognized in net revenues	$	44	$	(26	)	$	11
Foreign exchange contracts designated as cash flow hedges recognized in operating expenses	16		(7		)	—
Foreign exchange contracts not designated as hedging instruments recognized in interest and other, net	—		(5		)	(9		)
Other contracts not designated as hedging instruments recognized in interest and other, net	3		(1		)	—
Total gain (loss) recognized from derivative contracts in the consolidated statement of income	$	63	$	(39	)	$	2