Debt (Tables)

6 Months Ended

Jun. 30, 2011

Debt

Long-term Debt

	June 30,		December 31,		June 30,
	2011		2010		2010
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	125	$	—	$	—
Term Loans:
Term Loan A (170 million AUD at June 30, 2011)	183
Term Loan B	600
Term Loan C (116 million CAD at June 30, 2011)	120
Term Loan D (€141 million at June 30, 2011)	205
Fourth Amended and Restated Secured Credit Agreement:
Term Loans:
Term Loan A			92		136
Term Loan B			190		190
Term Loan C			111		105
Term Loan D			253		231
Senior Notes:
6.75%, due 2014			400		400
6.75%, due 2014 (€225 million)			300		275
3.00%, Exchangeable, due 2015	615		607		599
7.375%, due 2016	586		585		584
6.875%, due 2017 (€300 million)	435		401		366
6.75%, due 2020 (€500 million)	725		668
Payable to OI Inc.	250		250		250
Other	161		164		108
Total long-term debt	4,005		4,021		3,244
Less amounts due within one year	36		97		16
Long-term debt	$	3,969	$	3,924	$	3,228

Information related to accounts receivable securitization programs

	June 30,			December 31,			June 30,
	2011			2010			2010
Balance (included in short-term loans)	$	312		$	247		$	234
Weighted average interest rate	2.69		%	2.40		%	2.26		%

Fair values at June 30, 2011 of the Company's significant fixed rate debt obligations

	Principal Amount	Indicated	Fair Value
	(millions of	Market	(millions of
	dollars)	Price	dollars)
Senior Notes:
3.00%, Exchangeable, due 2015	690	98.76	681
7.375%, due 2016	600	108.75	653
6.875%, due 2017 (€300 million)	435	101.13	440
6.75%, due 2020 (€500 million)	725	100.29	727