Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities

Schedule of pre-tax (losses) gains included in the Company's condensed consolidated statements of operations

The pre-tax (losses) gains included in the Company’s condensed consolidated statements of operations is as follows, in millions:

	Three Months Ended
	March 31,
	2014			2013
Foreign Currency Contracts
Exchange Contracts	$	(2	)	$	7
Forward Contracts	(1		)	2
Metals Contracts	(3		)	(4		)
Total (loss) gain	$	(6	)	$	5

Schedule of notional amounts being hedged and the fair value of derivative instruments, on a gross basis

The notional amounts being hedged and the fair value of those derivative instruments, on a gross basis, are as follows, in millions:

	At March 31, 2014
	Notional
	Amount		Assets		Liabilities
Foreign Currency Contracts
Exchange Contracts	$	83
Current liabilities			$	—	$	1
Forward Contracts	67
Current liabilities			—		1
Metals Contracts	54
Current liabilities			—		4
Total			$	—	$	6

	At December 31, 2013
	Notional
	Amount		Assets		Liabilities
Foreign Currency Contracts
Exchange Contracts	$	53
Current liabilities			$	—	$	2
Forward Contracts	88
Current liabilities			—		1
Metals Contracts	48
Current liabilities			—		2
Total			$	—	$	5