Commercial Paper and Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Commercial Paper and Long-Term Debt [Table Text Block]

Commercial paper and long-term debt consisted of the following:

	March 31, 2013						December 31, 2012
(in millions, except percentages)	Par Value		Carrying Value		Fair Value		Par Value		Carrying Value		Fair Value
Commercial Paper	$	1,719	$	1,719	$	1,719	$	1,587	$	1,587	$	1,587
4.875% senior unsecured notes due February 2013	—		—		—		534		534		536
4.875% senior unsecured notes due April 2013	409		409		409		409		411		413
4.750% senior unsecured notes due February 2014	172		177		178		172		178		180
5.000% senior unsecured notes due August 2014	389		407		413		389		411		414
Senior unsecured floating-rate notes due August 2014	250		250		250		—		—		—
4.875% senior unsecured notes due March 2015 (a)	416		442		449		416		444		453
0.850% senior unsecured notes due October 2015 (a)	625		626		627		625		623		627
5.375% senior unsecured notes due March 2016 (a)	601		658		677		601		660		682
1.875% senior unsecured notes due November 2016	400		397		413		400		397		412
5.360% senior unsecured notes due November 2016	95		95		110		95		95		110
6.000% senior unsecured notes due June 2017	441		486		524		441		489		528
1.400% senior unsecured notes due October 2017 (a)	625		626		630		625		622		626
6.000% senior unsecured notes due November 2017	156		170		186		156		170		191
6.000% senior unsecured notes due February 2018	1,100		1,119		1,330		1,100		1,120		1,339
1.625% senior unsecured notes due March 2019	500		498		501		—		—		—
3.875% senior unsecured notes due October 2020	450		443		494		450		442		499
4.700% senior unsecured notes due February 2021	400		417		459		400		417		466
3.375% senior unsecured notes due November 2021 (a)	500		514		528		500		512		533
2.875% senior unsecured notes due March 2022	1,100		1,000		1,113		1,100		998		1,128
0.000% senior unsecured notes due November 2022	15		9		11		15		9		11
2.750% senior unsecured notes due February 2023 (a)	625		619		617		625		619		631
2.875% senior unsecured notes due March 2023	750		747		749		—		—		—
5.800% senior unsecured notes due March 2036	850		845		1,010		850		845		1,025
6.500% senior unsecured notes due June 2037	500		495		645		500		495		659
6.625% senior unsecured notes due November 2037	650		645		847		650		645		860
6.875% senior unsecured notes due February 2038	1,100		1,084		1,480		1,100		1,084		1,510
5.700% senior unsecured notes due October 2040	300		298		355		300		298		364
5.950% senior unsecured notes due February 2041	350		348		429		350		348		440
4.625% senior unsecured notes due November 2041	600		593		625		600		593		641
4.375% senior unsecured notes due March 2042	502		486		506		502		486		521
3.950% senior unsecured notes due October 2042	625		611		589		625		611		622
4.250% senior unsecured notes due March 2043	750		740		737		—		—		—
Total U.S. dollar denominated debt	17,965		17,973		19,610		16,117		16,143		18,008
Cetip Interbank Deposit Rate (CDI) + 1.3% Subsidiary floating debt due October 2013	—		—		—		147		148		150
CDI + 1.45% Subsidiary floating debt due October 2014	—		—		—		147		149		150
110% CDI Subsidiary floating debt due December 2014	—		—		—		147		151		147
CDI + 1.6% Subsidiary floating debt due October 2015 (b)	75		76		76		74		76		76
Brazilian Extended National Consumer Price Index (IPCA) + 7.61% Subsidiary floating debt due October 2015	—		—		—		73		87		90
Total Brazilian real denominated debt (in U.S. dollars)	75		76		76		588		611		613
Total commercial paper and long-term debt	$	18,040	$	18,049	$	19,686	$	16,705	$	16,754	$	18,621

(a) At March 31, 2013 and December 31, 2012, the Company had interest rate swap contracts with notional amounts of $3.4 billion and $2.8 billion, respectively hedging these fixed-rate debt instruments. See below for more information on the Company’s interest rate swaps.

(b) The CDI + 1.6% Subsidiary floating debt due October 2015 was redeemed in April 2013. The carrying value of $76 million was classified within Current Maturities of Long-Term Debt in the Condensed Consolidated Balance Sheet as of March 31, 2013.