Fair Value of Financial Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2011

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, 2011		December 31, 2010
Assets:
Foreign exchange contracts-forwards	$	58	$	45
Interest rate swaps	—		11
Deferred compensation investments in cash surrender life insurance	68		70
Deferred compensation investments in mutual funds	22		22
Total	$	148	$	148
Liabilities:
Foreign exchange contracts-forwards	$	31	$	19
Deferred compensation plan liabilities	94		98
Total	$	125	$	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:

	September 30, 2011				December 31, 2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	785	$	785	$	1,211	$	1,211
Accounts receivable, net	3,001		3,001		2,826		2,826
Short-term debt	2,096		2,130		1,370		1,396
Long-term debt	7,099		7,606		7,237		7,742
Liability to subsidiary trust issuing preferred securities	—		—		650		670