Debt (Tables)

6 Months Ended

Jun. 30, 2012

Debt

Long-term Debt

	June 30,		December 31,		June 30,
	2012		2011		2011
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans	$	—	$	—	$	125
Term Loans:
Term Loan A (170 million AUD)	173		173		183
Term Loan B	600		600		600
Term Loan C (116 million CAD)	113		114		120
Term Loan D (€141 million)	177		182		205
Senior Notes:
3.00%, Exchangeable, due 2015	633		624		615
7.375%, due 2016	589		588		586
6.875%, due 2017 (€300 million)	377		388		435
6.75%, due 2020 (€500 million)	628		647		725
Payable to O-I Inc.	250		250		250
Other	128		137		161
Total long-term debt	3,668		3,703		4,005
Less amounts due within one year	101		76		36
Long-term debt	$	3,567	$	3,627	$	3,969

Information related to accounts receivable securitization program

	June 30,			December 31,			June 30,
	2012			2011			2011
Balance (included in short-term loans)	$	302		$	281		$	312
Weighted average interest rate	1.42		%	2.41		%	2.69		%

Fair values at June 30, 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	95.76	$	661
7.375%, due 2016	600		111.88	671
6.875%, due 2017 (€300 million)	377		103.63	391
6.75%, due 2020 (€500 million)	628		106.34	668