Debt (Tables)

3 Months Ended

Mar. 31, 2012

Debt

Long-term Debt

	March 31,		December 31,		March 31,
	2012		2011		2011
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	55	$	—	$	—
Term Loans:
Term Loan A (170 million AUD)	177		173
Term Loan B	600		600
Term Loan C (116 million CAD)	117		114
Term Loan D (€141 million)	188		182
Fourth Amended and Restated Secured Credit Agreement:
Term Loans:
Term Loan A					93
Term Loan B					190
Term Loan C					114
Term Loan D					268
Senior Notes:
6.75%, due 2014					400
6.75%, due 2014 (€225 million)					318
3.00%, Exchangeable, due 2015	628		624		611
7.375%, due 2016	588		588		586
6.875%, due 2017 (€300 million)	401		388		425
6.75%, due 2020 (€500 million)	668		647		708
Payable to OI Inc.	250		250		250
Other	139		137		163
Total long-term debt	3,811		3,703		4,126
Less amounts due within one year	87		76		135
Long-term debt	$	3,724	$	3,627	$	3,991

Information related to accounts receivable securitization program

	March 31,			December 31,			March 31,
	2012			2011			2011
Balance (included in short-term loans)	$	276		$	281		$	222
Weighted average interest rate	1.42		%	2.41		%	2.85		%

Fair values at March 31, 2012 of the entity's significant fixed rate debt obligations

			Indicated
	Principal		Market	Fair
	Amount		Price	Value
Senior Notes:
3.00%, Exchangeable, due 2015	$	690	98.12	$	677
7.375%, due 2016	600		112.74	676
6.875%, due 2017 (€300 million)	401		103.11	413
6.75%, due 2020 (€500 million)	668		106.02	708