Interim Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2011

Interim Financial Information [Abstract]

Interim Financial Information [Unaudited]

T.  INTERIM FINANCIAL INFORMATION (UNAUDITED)

				(In Millions, Except Per Common Share Data) Quarters Ended
	Total Year			December 31			September 30			June 30		March 31
2011
Net sales	$	7,467		$	1,738		$	1,978		$	1,998	$	1,753
Gross profit	$	1,784		$	332		$	495		$	532	$	425
(Loss) income from continuing operations	$	(465	)	$	(494	)	$	56		$	14	$	(41	)
Net (loss) income	$	(575	)	$	(573	)	$	36		$	8	$	(46	)
(Loss) earnings per common share:
Basic:
(Loss) income from continuing operations	$	(1.34	)	$	(1.42	)	$	.16		$	.04	$	(.12	)
Net (loss) income	$	(1.66	)	$	(1.65	)	$	.10		$	.02	$	(.13	)
Diluted:
(Loss) income from continuing operations	$	(1.34	)	$	(1.42	)	$	.16		$	.04	$	(.12	)
Net (loss) income	$	(1.66	)	$	(1.65	)	$	.10		$	.02	$	(.13	)
2010
Net sales	$	7,486		$	1,716		$	1,933		$	2,018	$	1,819
Gross profit	$	1,833		$	309		$	492		$	543	$	489
(Loss) income from continuing operations	$	(1,022	)	$	(1,020	)	$	—		$	4	$	(6	)
Net (loss) income	$	(1,043	)	$	(1,034	)	$	(5	)	$	3	$	(7	)
(Loss) earnings per common share:
Basic:
(Loss) income from continuing operations	$	(2.94	)	$	(2.92	)	$	—		$	.01	$	(.02	)
Net (loss) income	$	(3.00	)	$	(2.96	)	$	(.02	)	$	.01	$	(.02	)
Diluted:
(Loss) income from continuing operations	$	(2.94	)	$	(2.92	)	$	—		$	.01	$	(.02	)
Net (loss) income	$	(3.00	)	$	(2.96	)	$	(.02	)	$	.01	$	(.02	)

(Loss) earnings per common share amounts for the four quarters of 2011 and 2010 may not total to the earnings per common share amounts for the years ended December 31, 2011 and 2010 due to the allocation of income to unvested stock awards.

Fourth quarter 2011 loss from continuing operations and net loss include non-cash impairment charges for goodwill and other intangible assets of $335 million after tax ($494 million pre-tax). Income (loss) from continuing operations and net (loss) income include after-tax gains from financial investments of $11 million ($17 million pre-tax), $21 million ($33 million pre-tax), $13 million ($19 million pre-tax) and $3 million ($4 million pre-tax) in the first, second, third and fourth quarters, respectively.

Fourth quarter 2010 loss from continuing operations and net loss include non-cash impairment charges for goodwill and other intangible assets of $586 million after tax ($698 million pre-tax). Fourth quarter 2010 loss from continuing operations and net loss include a valuation allowance on net U.S. deferred tax assets of $372 million. Income (loss) from continuing operations and net (loss) income include after-tax impairment charges for financial investments of $21 million ($33 million pre-tax) and $— million ($1 million pre-tax) in the second and fourth quarters of 2010, respectively.