XML 118 R41.htm IDEA: XBRL DOCUMENT

Fair Value (Tables)

12 Months Ended

Dec. 31, 2011

Fair Value Disclosure Tables [Abstract]

			December 31,
			2011				2010
			Carrying		Fair		Carrying		Fair
			Amount		Value		Amount		Value

			(in millions)
Assets
	Marketable securities		$	1,356	$	1,356	$	1,760	$	1,760
	Derivatives			120		120		119		119
		Total assets	$	1,476	$	1,476	$	1,879	$	1,879
Liabilities
	Debt		$	22,573	$	-	$	18,788	$	20,137
	Derivatives			690		690		358		358
		Total liabilities	$	23,263	$	690	$	19,146	$	20,495

Fair Value Hierarchy For Recurring Measurements Table

			Quoted Market		Significant
			Prices in Active		Other		Significant
			Market for		Observable		Unobservable		Total
			Identical Assets		Inputs		Inputs		December 31,
			(Level 1)		(Level 2)		(Level 3)		2011

			(in millions)

Assets
	Available-for-sale securities		$	1	$	1,339	$	-	$	1,340
	Trading securities			12		-		-		12
	Derivatives			2		52		66		120
		Total assets	$	15	$	1,391	$	66	$	1,472

Liabilities
	Derivatives		$	-	$	476	$	214	$	690
		Total liabilities	$	-	$	476	$	214	$	690

			Quoted Market		Significant
			Prices in Active		Other		Significant
			Market for		Observable		Unobservable		Total
			Identical Assets		Inputs		Inputs		December 31,
			(Level 1)		(Level 2)		(Level 3)		2010

			(in millions)

Assets
	Available-for-sale securities		$	8	$	1,700	$	42	$	1,750
	Trading securities			10		-		-		10
	Derivatives			-		58		61		119
		Total assets	$	18	$	1,758	$	103	$	1,879

Liabilities
	Derivatives		$	-	$	346	$	12	$	358
		Total liabilities	$	-	$	346	$	12	$	358

Derivatives Level 3 Rollforward Table

				Year Ended December 31, 2011
				Interest		Cross		Foreign		Commodity
				Rate		Currency		Currency		& Other		Total

			(in millions)

Balance at beginning of period				$	(1)	$	10	$	22	$	18	$	49
	Total gains (losses) (realized and unrealized):
		Included in earnings⁽¹⁾			-		(4)		32		(71)		(43)
		Included in other comprehensive income			(13)		(37)		-		-		(50)
		Included in regulatory assets			-		-		-		8		8
	Settlements				-		13		(3)		(8)		2
	Transfers of assets (liabilities) into Level 3⁽²⁾				(117)		-		-		-		(117)
	Transfers of (assets) liabilities out of Level 3⁽²⁾				3		-		-		-		3
Balance at end of period				$	(128)	$	(18)	$	51	$	(53)	$	(148)

Total gains (losses) for the period included in earnings
	attributable to the change in unrealized gains (losses)
	relating to assets and liabilities held at the end of the period			$	-	$	(2)	$	29	$	(71)	$	(44)

				Year Ended December 31, 2010
				Interest		Cross		Foreign		Commodity
				Rate		Currency		Currency		& Other		Total

			(in millions)

Balance at beginning of period				$	(12)	$	(12)	$	-	$	24	$	-
	Total gains (losses) (realized and unrealized):
		Included in earnings⁽¹⁾			1		4		25		21		51
		Included in other comprehensive income			(12)		13		-		-		1
		Included in regulatory assets			(3)		-		-		1		(2)
	Settlements				7		5		(1)		(28)		(17)
	Transfers of assets (liabilities) into Level 3⁽²⁾				-		-		(2)		-		(2)
	Transfers of (assets) liabilities out of Level 3⁽²⁾				18		-		-		-		18
Balance at end of period				$	(1)	$	10	$	22	$	18	$	49

Total gains (losses) for the period included in earnings
	attributable to the change in unrealized gains (losses)
	relating to assets and liabilities held at the end of the period			$	-	$	7	$	24	$	9	$	40

Available For Sale Securities Level 3 Rollforward Table

			Year Ended December 31,
			2011		2010

		(in millions)

Balance at beginning of period⁽¹⁾			$	42	$	42
	Settlements			(42)		-
Balance at end of period			$	-	$	42

Total gains (losses) for the period included in earnings attributable to the
	change in unrealized gains/losses relating to assets held at the
	end of the period		$	-	$	-

Fair Value Assets Measured On Nonrecurring Basis Text Block

				Year Ended December 31, 2011
			Carrying	Fair Value						Gross
			Amount	Level 1		Level 2		Level 3		(Gain) Loss

			(in millions)
Long-lived assets held and used:
	Wind turbines and deposits	$	161	$	-	$	45	$	-	$	116
	Tisza II		94		-		-		42		52
	Kelanitissa		66		-		-		24		42
	Bohemia		14		-		5		-		9
Discontinued operations and
businesses held for sale:
	Edelap, Edes and Central Dique		350		-		4		-		346
	Carbon reduction projects		49		-		-		-		40⁽¹⁾
	Wind projects		22		-		-		-		22
	Borsod⁽²⁾		(9)		-		-		-		-
	Eastern Energy⁽²⁾		(123)		-		-		-		-
	Thames⁽²⁾		(7)		-		-		-		-
	Brazil Telecom businesses		142		-		893				(751)
Equity method affiliates:
	Yangcheng		100		-		-		26		74
Goodwill:
	Chigen		17		-		-		-		17

				Year Ended December 31, 2010
			Carrying	Fair Value						Gross
			Amount	Level 1		Level 2		Level 3		(Gain) Loss

			(in millions)
Long-lived assets held and used:
	Southland (Huntington Beach)	$	288	$	-	$	-	$	88	$	200
	Tisza II		160		-		-		75		85
	Deepwater		83		-		-		4		79
Discontinued operations and
businesses held for sale:
	Eastern Energy		827		-		-		-		827
	Barka		20		-		124		-		(104)
	Ras Laffan		120		-		226		-		(106)
Goodwill:
	Deepwater		18		-		-		-		18
	Other		3		-		-		-		3

- Definition

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) 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 or liabilities (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.

+ References+ Details

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13476-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13467-108611

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details