Long-Term Debt and Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2011

Long-Term Debt and Short-Term Borrowings

Schedule of Long-Term Debt

Long-Term Debt

(Millions) Description / 2011 Principal Amount	Currency/ Fixed vs. Floating	Effective Interest Rate		Final Maturity Date	2011		2010
Eurobond (775 million Euros)	Euro Fixed	4.30	%	2014	$	1,017	$	1,055
Medium-term note ($1 billion)	USD Fixed	1.62	%	2016	992		—
Medium-term note ($850 million)	USD Fixed	4.42	%	2013	849		849
Medium-term note	USD Floating	—	%	—	—		806
30-year bond ($750 million)	USD Fixed	5.73	%	2037	747		747
Medium-term note ($500 million)	USD Fixed	4.67	%	2012	500		500
Eurobond (250 million Euros)	Euro Floating	1.92	%	2014	347		357
30-year debenture ($330 million)	USD Fixed	6.01	%	2028	348		349
Convertible notes	USD Fixed	—	%	—	—		226
Japan borrowing	JPY Floating	—	%	—	—		142
Canada borrowing	CAD Floating	—	%	—	—		101
Floating rate note ($97 million)	USD Floating	0.22	%	2041	97		100
Floating rate note ($59 million)	USD Floating	0.20	%	2044	59		60
Other borrowings	Various	0.70	%	2012-2040	91		76
Total long-term debt					$	5,047	$	5,368
Less: current portion of long-term debt					563		1,185
Long-term debt (excluding current portion)					$	4,484	$	4,183

Schedule of Short-Term Borrowings and Current Portion of Long-Term Debt

Short-Term Borrowings and Current Portion of Long-Term Debt

(Millions)	Effective Interest Rate		2011		2010
Current portion of long-term debt	4.19	%	$	563	$	1,185
U.S. dollar commercial paper	—		—		—
Other borrowings	4.93	%	119		84
Total short-term borrowings and current portion of long-term debt			$	682	$	1,269

Schedule of Weighted-Average Effective Interest Rate

Weighted-Average Effective Interest Rate

	Total
At December 31	2011		2010
Short-term	4.32	%	2.41	%
Long-term	3.76	%	4.22	%

Schedule of Maturities of long-term debt

2012		2013		2014		2015		2016		After 2016		Total
$	563	$	927	$	1,463	$	2	$	995	$	1,097	$	5,047