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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments

The following tables summarize the fair value of our derivative instruments and the effect on the Consolidated Statements of Income during the quarter. We present amounts recognized in other comprehensive income and the reclassification of amounts to the Consolidated Statements of Income in Note 18.

Fair Value of Derivative Instruments

(in millions)

 

     March 31, 2013      December 31, 2012  
     Balance Sheet
Location
   Fair
Value
     Balance Sheet
Location
   Fair
Value
 

Derivatives designated as hedging instruments

           

Liability Derivatives

           

Forward contracts

   Accrued expenses    $ —         Accrued expenses    $ 1     
     

 

 

       

 

 

 

Total liabilities

      $ —            $ 1     
     

 

 

       

 

 

 

 

     March 31, 2013      December 31, 2012  
     Balance Sheet Location    Fair
Value
     Balance Sheet Location    Fair
Value
 

Derivatives not designated as hedging instruments

           

Asset Derivatives

           

Forward contracts

   Prepaid expenses and other    $ 3       Prepaid expenses and other    $ 2   
     

 

 

       

 

 

 

Total assets

      $ 3          $ 2   
     

 

 

       

 

 

 

Liability Derivatives

           

Forward contracts

   Accrued expenses    $ 2       Accrued expenses    $ —     
     

 

 

       

 

 

 

Total liabilities

      $ 2          $ —     
     

 

 

       

 

 

 
Derivative Instruments Gain (Loss) Recognized in Income

Derivatives Not

Designated as Hedging

Instruments

   Location of Gain
or (Loss) Recognized
in Income on  Derivative
   Amount of Gain
or (Loss) Recognized
in Income on  Derivative
 
          Three Months Ended
March 31,
 
          2013      2012  

Foreign forward exchange contracts

   Interest expense, net    $ 6       $ (1
     

 

 

    

 

 

 

Total (loss) gain included in income

      $ 6       $ (1