Fair Value and Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2011

Fair Value and Financial Instruments

Schedule of assets and liabilities that are measured at fair value on a recurring basis

			Fair Value Measurements Using
			Quoted Prices in		Significant		Significant
			Active Markets		Other		Unobservable
	Balance at		for Identical		Observable		Inputs
	June 30, 2011		Assets (Level 1)		Inputs (Level 2)		(Level 3)
Assets:
Money market funds and highly liquid debt securities (1)	$	2,974	$	2,924	$	50	$	—
Other investments
Fixed maturity securities
Corporate bonds	12		—		—		12
Government bonds	3		—		3		—
Derivatives
Interest rate contracts	13		—		13		—
Foreign exchange contracts	110		—		110		—
Liabilities:
Derivatives
Foreign exchange contracts	156		—		156		—

(1)  Includes $2,924 million of money market funds and $50 million of highly liquid debt securities that are classified as fiduciary assets, short-term investments or cash equivalents in the condensed consolidated statements of financial position, depending on their nature and initial maturity.  See Note 8 “Investments” for additional information regarding the Company’s investments.

			Fair Value Measurements Using
			Quoted Prices in		Significant		Significant
			Active Markets		Other		Unobservable
	Balance at		for Identical		Observable		Inputs
	December 31, 2010		Assets (Level 1)		Inputs (Level 2)		(Level 3)
Assets:
Money market funds and highly liquid debt securities (1)	$	2,618	$	2,591	$	27	$	—
Other investments
Fixed maturity securities
Corporate bonds	12		—		—		12
Government bonds	3		—		3		—
Derivatives
Interest rate contracts	15		—		15		—
Foreign exchange contracts	159		—		159		—
Liabilities:
Derivatives
Foreign exchange contracts	158		—		158		—

(1)  Includes $2,591 million of money market funds and $27 million of highly liquid debt securities that are classified as fiduciary assets, short-term investments or cash equivalents in the condensed consolidated statements of financial position, depending on their nature and initial maturity.  See Note 8 “Investments” for additional information regarding the Company’s investments.

Schedule of changes in the Level 3 fair-value category

	Three months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
	Other Investments		Other Investments		Other Investments		Other Investments
Balance at beginning of period	$	12	$	11	$	12	$	100
Total gains (losses):
Included in earnings	—		—		—		—
Included in other comprehensive income	—		—		—		(1		)
Purchases	—		10		—		9
Transfers (1)	—		—		—		(87		)
Balance at end of period	$	12	$	21	$	12	$	21

(1) Transfers represent the removal of the investment in PEPS I preferred stock as a result of consolidating PEPS I on January 1, 2010.

Schedule of financial instruments where the carrying amounts and fair values differ

	June 30, 2011				December 31, 2010
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Long-term debt	$	4,479	$	4,700	$	4,014	$	4,172