Fair Value and Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

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
(in millions)	June 30, 2012		Assets (Level 1)		Inputs (Level 2)		(Level 3)
Assets:
Money market funds and highly liquid debt securities (1)	$	2,928	$	2,903	$	25	$	—
Other investments
Fixed maturity securities
Corporate bonds	12		—		—		12
Government bonds	6		—		6		—
Derivatives
Interest rate contracts	18		—		18		—
Foreign exchange contracts	219		—		219		—
Liabilities:
Derivatives
Foreign exchange contracts	258		—		258		—

(1)  Includes $2,903 million of money market funds and $25 million of highly liquid debt securities that are classified as Fiduciary assets, Short-term investments or Cash and 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
(in millions)	December 31, 2011		Assets (Level 1)		Inputs (Level 2)		(Level 3)
Assets:
Money market funds and highly liquid debt securities (1)	$	2,428	$	2,403	$	25	$	—
Other investments
Fixed maturity securities
Corporate bonds	12		—		—		12
Government Bonds	3		—		3		—
Derivatives
Interest rate contracts	16		—		16		—
Foreign exchange contracts	141		—		141		—
Liabilities:
Derivatives
Foreign exchange contracts	189		—		189		—

(1)  Includes $2,403 million of money market funds and $25 million of highly liquid debt securities that are classified as Fiduciary assets, Short-term investments or Cash and 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 financial instruments where the carrying amounts and fair values differ

	June 30, 2012				December 31, 2011
	Carrying		Fair		Carrying		Fair
(in millions)	Value		Value		Value		Value
Long-term debt	$	4,098	$	4,479	$	4,155	$	4,494