Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2011

Fair Value of Financial Assets and Liabilities [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.

	June 30, 2011		December 31, 2010
Assets:
Foreign exchange contracts-forwards	$	33	$	45
Interest rate swaps		—		11
Deferred compensation investments in cash surrender life insurance		72		70
Deferred compensation investments in mutual funds		23		22
Total	$	128	$	148
Liabilities:
Foreign exchange contracts-forwards	$	27	$	19
Deferred compensation plan liabilities		100		98
Total	$	127	$	117

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:

	As of June 30, 2011				As of December 31, 2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	1,098	$	1,098	$	1,211	$	1,211
Accounts receivable, net		2,921		2,921		2,826		2,826
Short-term debt		2,197		2,238		1,370		1,396
Long-term debt		7,113		7,630		7,237		7,742
Liability to subsidiary trust issuing preferred securities		—		—		650		670