NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Long-term Debt Instruments

A summary of notes payable as of December 31 follows:

(In millions)	2011			2010
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
Yen-denominated Uridashi notes:
1.52% notes paid September 2011 (principal amount 15 billion yen)		0			184
2.26% notes due September 2016 (principal amount 8 billion yen)		103			98
Variable interest rate notes paid September 2011 (.66% at December 2010, principal amount 20 billion yen)		0			245
Yen-denominated Samurai notes:
1.47% notes due July 2014 (principal amount 28.7 billion yen)		369			0
1.87% notes due June 2012 (principal amount 26.6 billion yen)		342			327
1.84% notes due July 2016 (principal amount 15.8 billion yen)		203			0
Variable interest rate notes due July 2014 (1.34% at December 2011, principal amount 5.5 billion yen)		71			0
Yen-denominated loans:
3.60% loan due July 2015 (principal amount 10 billion yen)		129			123
3.00% loan due August 2015 (principal amount 5 billion yen)		64			61
Capitalized lease obligations payable through 2022		10			6
Total notes payable	$	3,285		$	3,038

⁽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 note

Schedule of Maturities of Debt Disclosure

The aggregate contractual maturities of notes payable during each of the years after December 31, 2011, are as follows:

(In millions)	Long-term Debt		Capitalized Lease Obligations		Total Notes Payable
2012	$	342	$	3	$	345
2013		0		3		3
2014		440		2		442
2015		493		1		494
2016		306		0		306
Thereafter		1,700		1		1,701
Total	$	3,281	$	10	$	3,291