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COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies Disclosure [Abstract]



Receivables for Asbestos-Related Costs In millions	Sep 30, 2012		Dec 31, 2011
Receivables for defense costs – carriers with settlement agreements	$	19	$	20
Receivables for resolution costs – carriers with settlement agreements	158		158
Receivables for insurance recoveries – carriers without settlement agreements	25		40
Total	$	202	$	218

Table of Fixed and Determinable Portion of Take-or-Pay and Throughput Obligations



Fixed and Determinable Portion of Take-or-Pay and Throughput Obligations at December 31, 2011 In millions
2012	$	2,968
2013	2,964
2014	2,371
2015	1,693
2016	1,426
2017 and beyond	9,074
Total	$	20,496

Table of Guarantees by Type



Guarantees at September 30, 2012 In millions	Final Expiration	Maximum Future Payments (1)		Recorded Liability
Guarantees	2020	$	1,231	$	27
Residual value guarantees (2)	2021	609		31
Total guarantees		$	1,840	$	58


(1)	The Company was indemnified by a third party for $49 million if required to perform under a $97 million guarantee.


(2)	Does not include the residual value guarantee related to the Company's variable interest in an owner trust; see Note L.



Guarantees at December 31, 2011 In millions	Final Expiration	Maximum Future Payments (1)		Recorded Liability
Guarantees	2020	$	587	$	21
Residual value guarantees (2)	2021	526		24
Total guarantees		$	1,113	$	45


(1)	The Company was indemnified by a third party for $50 million if required to perform under a $100 million guarantee.


(2)	Does not include the residual value guarantee related to the Company's variable interest in an owner trust; see Note L.

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

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- Definition

Tabular disclosure of unconditional purchase obligations that are not recognized as a liability on the balance sheet, including the nature and significant terms of an unconditional purchase obligation; the amount of the fixed and determinable portion of the obligation as of the date of the latest balance sheet presented in the aggregate and, if determinable, for each of the five succeeding fiscal years; the nature of any variable components of the obligation; the amount purchased under the obligation (for example, the take-or-pay or throughput contract) for the reporting period; and may include the amount of imputed interest necessary to reduce the obligation to present value.

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