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NOTES PAYABLE (Tables)
6 Months Ended
Jun. 30, 2012
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
A summary of notes payable follows:
(In millions)
June 30, 2012
 
December 31, 2011
 
8.50% senior notes due May 2019
$
850

 
$
850

 
6.45% senior notes due August 2040
448

(1) 
448

(1) 
6.90% senior notes due December 2039
396

(2) 
396

(2) 
3.45% senior notes due August 2015
300

 
300

 
2.65% senior notes due February 2017
400

 
0

 
4.00% senior notes due February 2022
349

(3) 
0

 
Yen-denominated Uridashi notes:
 
 
 
 
2.26% notes due September 2016 (principal amount 8 billion yen)
101

 
103

 
Yen-denominated Samurai notes:
 
 
 
 
1.47% notes due July 2014 (principal amount 28.7 billion yen)
362

 
369

 
1.87% notes paid June 2012 (principal amount 26.6 billion yen)
0

 
342

 
1.84% notes due July 2016 (principal amount 15.8 billion yen)
199

 
203

 
Variable interest rate notes due July 2014 (1.34% in 2012 and
2011, principal amount 5.5 billion yen)
69

 
71

 
Yen-denominated loans:
 
 
 
 
3.60% loan due July 2015 (principal amount 10 billion yen)
126

 
129

 
3.00% loan due August 2015 (principal amount 5 billion yen)
63

 
64

 
Capitalized lease obligations payable through 2022
9

 
10

 
Total notes payable
$
3,672

 
$
3,285


(1) $450 issuance net of a $2 underwriting discount that is being amortized over the life of the notes
(2) $400 issuance net of a $4 underwriting discount that is being amortized over the life of the notes
(3) $350 issuance net of a $1 underwriting discount that is being amortized over the life of the notes