Fair Value of Financial Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities

The following table represents assets and liabilities measured at fair value on a recurring basis. The basis for the measurement at fair value in all cases is Level 2 – Significant Other Observable Inputs.

	September 30, 2012		December 31, 2011
Assets:
Foreign exchange contracts-forwards	$	28	$	58
Deferred compensation investments in cash surrender life insurance	76		69
Deferred compensation investments in mutual funds	24		23
Total	$	128	$	150
Liabilities:
Foreign exchange contracts-forwards	$	11	$	31
Deferred compensation plan liabilities	106		97
Total	$	117	$	128

Estimated fair values of financial assets and liabilities not measured at fair value on a recurring basis

The estimated fair values of our other financial assets and liabilities not measured at fair value on a recurring basis were as follows:

	September 30, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	882	$	882	$	902	$	902
Accounts receivable, net	3,190		3,190		2,600		2,600
Short-term debt	1,893		1,899		1,545		1,622
Long-term debt	7,458		8,083		7,088		7,496