Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Pre-Tax (Loss) Gain

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Foreign Currency Contracts
Exchange Contracts	$	—		$	9		$	7		$	4
Forward Contracts		—			—			2			(1	)
Metal Contracts		(5	)		(6	)		(9	)		1
Total (loss) gain	$	(5	)	$	3		$	—		$	4

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, are as follows, in millions:

	At June 30, 2013
	Notional
	Amount		Assets		Liabilities
Foreign Currency Contracts
Exchange Contracts	$	103
Current assets			$	3	$	—
Forward Contracts		63
Current assets				1		—
Metal Contracts		46
Current liabilities				—		8
Total			$	4	$	8

	At December 31, 2012
	Notional
	Amount		Assets		Liabilities
Foreign Currency Contracts
Exchange Contracts	$	172
Current liabilities			$	—	$	5
Forward Contracts		76
Current assets				1		1
Metal Contracts		35
Current liabilities				1		2
Total			$	2	$	8