Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 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.

	December 31, 2011
	2011		2010
Assets:
Foreign exchange contracts-forwards	$	58	$	45
Interest rate swaps	—		11
Deferred compensation investments in cash surrender life insurance	69		70
Deferred compensation investments in mutual funds	23		22
Total	$	150	$	148
Liabilities:
Foreign exchange contracts-forwards	$	31	$	19
Deferred compensation plan liabilities	97		98
Total	$	128	$	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:

	December 31, 2011				December 31, 2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	902	$	902	$	1,211	$	1,211
Accounts receivable, net	2,600		2,600		2,826		2,826
Short-term debt	1,545		1,629		1,370		1,396
Long-term debt	7,088		7,571		7,237		7,742
Liability to subsidiary trust issuing preferred securities	—		—		650		670