Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2011

Schedule of fair value of liabilities measured on a recurring basis

The table below presents the fair values for each class of Level 3’s liabilities measured on a recurring basis as well as the input levels used to determine these fair values as of September 30, 2011 and December 31, 2010:



					Fair Value Measurement Using
	Total Carrying Value in Consolidated Balance Sheet				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)
	September 30, 2011		December 31, 2010		September 30, 2011		December 31, 2010		September 30, 2011		December 31, 2010
	(dollars in millions)
Liabilities Recorded at Fair Value in the Financial Statements:
Derivatives:
Interest Rate Swap Liabilities (included in other non-current liabilities)	$	98	$	108	$	—	$	—	$	98	$	108
Embedded Derivatives in Convertible Debt (included in other non-current liabilities)	—		—		—		—		—		—
Total Derivative Liabilities Recorded at Fair Value in the Financial Statements	$	98	$	108	$	—	$	—	$	98	$	108
Liabilities Not Recorded at Fair Value in the Financial Statements:
Long-term Debt, including the current portion:
Senior Notes	$	4,716	$	2,885	$	4,405	$	2,789	$	—	$	—
Convertible Notes	1,197		1,788		556		697		1,031		1,189
Term Loans	1,679		1,679		1,595		1,632		—		—
Commercial Mortgage	65		67		—		—		77		79
Capital Leases and Other	28		29		—		—		28		29
Total Long-term Debt, including the current portion:	$	7,685	$	6,448	$	6,556	$	5,118	$	1,136	$	1,297

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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