Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

December 31,
(In millions of dollars)	2012		2011
Short-term:
Current portion of long-term debt	$	260	$	260
Long-term:
Senior notes – 6.25% due 2012 (5.1% effective interest rate)	$	—	$	250
Senior notes – 4.850% due 2013	250		251
Senior notes – 5.875% due 2033	296		296
Senior notes – 5.375% due 2014	326		326
Senior notes – 5.75% due 2015	479		479
Senior notes – 2.30% due 2017	249		—
Senior notes – 9.25% due 2019	398		398
Senior notes – 4.80% due 2021	497		496
Mortgage – 5.70% due 2035	422		431
Other	1		1
	2,918		2,928
Less current portion	260		260
	$	2,658	$	2,668

Gain Or Loss On The Hedged Item And Offsetting Gain Or Loss On Interest Rate Swaps

The gain or loss on the hedged item (fixed rate debt) and the offsetting gain or (loss) on the interest rate swaps for the periods ended December 31, 2012 and December 31, 2011 is as follows:

	2012							2011
Income statement classification (In millions of dollars)	Loss on Swaps			Gain on Notes		Net Income Effect		Gain on Swaps		Loss on Notes			Net Income Effect
Other Operating Expenses	$	(1	)	$	1	$	—	$	7	$	(7	)	$	—

Estimated Fair Value Of Significant Financial Instruments

The fair value amounts shown below are not necessarily indicative of the amounts that the Company would realize upon disposition, nor do they indicate the Company’s intent or need to dispose of the financial instrument.

	December 31, 2012				December 31, 2011
(In millions of dollars)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	260	$	261	$	260	$	261
Long-term debt	$	2,658	$	2,986	$	2,668	$	2,958