XML 70 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Supplemental Balance Sheet Information
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements [Abstract]  
Supplemental Balance Sheet Information
Supplemental Balance Sheet Information

Inventories by major class are as follows:
 
Inventories
2011
 
2010
Raw materials and supplies
$
319

 
$
295

Work-in-process
54

 
50

Finished goods
954

 
877

Total Inventories
$
1,327

 
$
1,222



Inventories valued under LIFO amounted to $271 and $263 at December 31, 2011 and 2010, respectively. The excess of current cost over LIFO cost at the end of each year was $30 and $52, respectively. The liquidations of LIFO inventory quantities had no material effect on income in 2011, 2010 and 2009.

Property, plant and equipment, net
 
2011
 
2010
Land
 
$
240

 
$
187

Buildings
 
1,342

 
1,319

Manufacturing machinery and equipment
 
4,673

 
4,599

Other equipment
 
1,069

 
1,055

 
 
7,324

 
7,160

Accumulated depreciation
 
(3,656
)
 
(3,467
)
Total Property, plant and equipment, net
 
$
3,668

 
$
3,693

Other accruals
 
2011
 
2010
Accrued advertising and coupon redemption
 
$
555

 
$
551

Accrued payroll and employee benefits
 
293

 
381

Accrued taxes other than income taxes
 
35

 
107

Pension and other retiree benefits
 
84

 
67

Accrued interest
 
22

 
21

Derivatives
 
6

 
12

Other
 
705

 
543

Total Other accruals
 
$
1,700

 
$
1,682

Other liabilities
 
2011
 
2010
Pension and other retiree benefits
 
$
1,582

 
$
1,544

Other
 
203

 
160

Total Other liabilities
 
$
1,785

 
$
1,704



Accumulated Other Comprehensive Income

Accumulated other comprehensive income is comprised of cumulative foreign currency translation gains and losses, unrecognized pension and other retiree benefit costs, unrealized gains and losses from derivative instruments designated as cash flow hedges and unrealized gains and losses on available for sale securities. At December 31, 2011 and 2010, Accumulated other comprehensive income consisted primarily of aftertax unrecognized pension and other retiree benefit costs of $908 and $800, respectively, and cumulative foreign currency translation adjustments of $1,589 and $1,291, respectively. Foreign currency translation adjustments in 2011 primarily reflect losses due to the weakening of the Brazilian real, the Mexican peso and the Euro. Foreign currency translation adjustments in 2010 primarily reflect gains due to the strengthening of the Brazilian real and the Swiss franc.