Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2012

Pre-Tax (Losses) Gains

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

	Twelve Months Ended December 31,
	2012			2011			2010
Foreign Currency Contracts
Exchange Contracts	$	(2	)	$	3		$	3
Forward Contracts		—			3			(2	)
Metals Contracts		2			(7	)		7
Total (losses) gains	$	—		$	(1	)	$	8

Fair Value of Derivative Instruments Presented on Gross Basis

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

	At December 31, 2012
	Notional Amount		Assets		Liabilities
Foreign Currency Contracts
Exchange Contracts	$	172
Current liabilities			$	—	$	5
Forward Contracts		76
Current assets				1		1
Metals Contracts		35
Current liabilities				1		2
Total			$	2	$	8
	At December 31, 2011
	Notional Amount		Assets		Liabilities
Foreign Currency Contracts
Exchange Contracts	$	108
Current assets			$	8	$	—
Forward Contracts		76
Current assets				1		—
Current liabilities				1		2
Metals Contracts		67
Current assets				2		—
Current liabilities				—		4
Total			$	12	$	6