Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Income tax data from continuing operations

	Year Ended December 31,
	2011			2010			2009
Pretax income
U.S.	$	165		$	85		$	(76	)
Foreign		260			250			(220	)
	$	425		$	335		$	(296	)
Provision (benefit) for income tax
Current:
U.S. federal	$	(215	)	$	(61	)	$	(84	)
State and local		(21	)		18			12
Foreign		88			43			38
		(148	)		—			(34	)
Deferred:
U.S. federal		62			22			(117	)
State and local		(11	)		(7	)		(18	)
Foreign		22			12			(124	)
		73			27			(259	)
	$	(75	)	$	27		$	(293	)

Composition of net deferred tax balances

	December 31,
	2011			2010
Current deferred tax assets	$	278		$	315
Long-term deferred tax assets		639			664
Current deferred tax liabilities (1)		(7	)		(4	)
Long-term deferred tax liabilities		(46	)		(24	)
Deferred income taxes	$	864		$	951

(1) Included in the Accrued taxes and other line item in the consolidated balance sheets.

Deferred tax assets (liabilities)

	December 31,
	2011			2010
Plant, property and equipment	$	(23	)	$	(17	)
Intangibles		(11	)		177
Inventories		118			140
Deferred gains		350			346
Investments		133			(4	)
Receivables (net of reserves)		9			85
Accrued expenses and other reserves		201			181
Employee benefits		61			79
Net operating loss, capital loss and tax credit carryforwards		257			406
Other		(6	)		(45	)
		1,089			1,348
Less valuation allowance		(225	)		(397	)
Deferred income taxes	$	864		$	951

A reconciliation of the tax provision

	Year Ended December 31,
	2011			2010			2009
Tax provision at U.S. statutory rate	$	149		$	117		$	(104	)
U.S. state and local income taxes		(19	)		(2	)		(3	)
Tax on repatriation of foreign earnings		25			(19	)		(45	)
Foreign tax rate differential		(64	)		(70	)		(25	)
Tax on capital gains		334			99			—
Change in asset basis		(130	)		—			(120	)
Nondeductible goodwill		9			3			39
Change in uncertain tax positions		8			23			9
Tax settlements		(25	)		(42	)		1
Tax on asset dispositions		(60	)		1			(32	)
Change in valuation allowances		(304	)		(99	)		—
Other		2			16			(13	)
Provision for income tax (benefit)	$	(75	)	$	27		$	(293	)

A reconciliation of the beginning and ending balance of unrecognized tax benefits

	Year Ended December 31,
	2011			2010			2009
Beginning of Year	$	510		$	999		$	1,003
Additions based on tax positions related to the current year		24			29			4
Additions for tax positions of prior years		36			18			2
Settlements with tax authorities		(407	)		(499	)		(7	)
Reductions for tax positions in prior years		(6	)		(5	)		(1	)
Reductions due to the lapse of applicable statutes of limitations		(4	)		(32	)		(2	)
End of Year	$	153		$	510		$	999