FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Interest Rate Swap Agreements Designated as Cash Flow Hedges

The following table sets forth our interest rate swap agreements, which have been designated as cash flow hedges, at December 31, 2012 (dollars in millions):

	Notional Amount		Maturity Date		Fair Value
Pay-fixed interest rate swaps	$	500		December 2014	$	(10	)
Pay-fixed interest rate swaps		3,000		December 2016		(346	)
Pay-fixed interest rate swaps		1,000		December 2017		(73	)

Schedule of Cross Currency Swap Agreement Not Designated as Hedge

Our cross currency swap is not designated as a hedge, and changes in fair value are recognized in results of operations. The following table sets forth our cross currency swap agreement at December 31, 2012 (amounts in millions):

	Notional Amount		Maturity Date		Fair Value
Euro — United States Dollar Currency Swap		241 Euro		November 2013	$	(13	)

Effect of Interest Rate and Cross Currency Swaps on Results of Operations

The following tables present the effect of our interest rate and cross currency swaps on our results of operations for the year ended December 31, 2012 (dollars in millions):

Derivatives in Cash Flow Hedging Relationships	Amount of Loss Recognized in OCI on Derivatives, Net of  Tax		Location of Loss Reclassified from Accumulated OCI into Operations		Amount of Loss Reclassified from Accumulated OCI into Operations
Interest rate swaps	$	96		Interest expense	$	122

Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Operations on Derivatives		Amount of Gain Recognized in Operations on Derivatives
Cross currency swap		Other operating expenses	$	3