v2.4.0.6
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Measurements [Abstract]  
Schedule Of Carrying Value And Fair Value Measurement Information For Financial Assets And Liabilities

 

 

 

Fair Value Measurements Using:

 

Carrying Amount

Total Fair Value

 Level 1

Inputs

Level 2

Inputs

Level 3

Inputs

 

(In millions)

June 30, 2012 assets (liabilities):

 

 

 

 

 

Cash equivalents.....................................

$        5,841

$        5,841

$           850

$        4,991

$             

Short-term investments..........................

$           944

$           944

$           300

$           644

$             

Long-term investments..........................

$              69

$              69

$             

$             

$              69

Commodity derivatives.........................

$           968

$           968

$             

$           968

$             

Commodity derivatives.........................

$            (37)

$            (37)

$             

$            (37)

$             

Interest rate derivatives.........................

$              37

$              37

$             

$              37

$             

Foreign exchange derivatives...............

$               (8)

$               (8)

$             

$               (8)

$             

Debt...........................................................

$    (10,603)

$    (12,260)

$             

$    (12,241)

$            (19)

 

 

 

 

 

 

 

December 31, 2011 assets (liabilities):

 

 

 

 

 

Cash equivalents.....................................

$        5,123

$        5,123

$           929

$        4,194

$             

Short-term investments..........................

$        1,503

$        1,503

$           201

$        1,302

$             

Long-term investments..........................

$              84

$              84

$             

$             

$              84

Commodity derivatives.........................

$           628

$           628

$             

$           628

$             

Commodity derivatives.........................

$            (82)

$            (82)

$             

$            (82)

$             

Interest rate derivatives.........................

$              52

$              52

$             

$              52

$             

Debt...........................................................

$       (9,780)

$    (11,380)

$             

$    (11,295)

$            (85)

Summary Of Changes In Assets Level 3 Fair Value Measurements

 

 

 

 

Six Months Ended June 30,

 

2012

2011

 

(In millions)

Long-term investments balance at beginning of period...........................

$                     84

$                     94

Redemptions of principal............................................................................

                      (15)

                        (1)

Long-term investments balance at end of period.....................................

$                     69

$                     93

Summary Of Changes In Liabilities Level 3 Fair Value Measurements

 

 

 

 

Six Months Ended June 30,

 

2012

2011

 

(In millions)

Debt balance at beginning of period............................................................

$                   (85)

$                 (144)

Foreign exchange translation adjustment................................................

                        (1)

                        (4)

Accretion of promissory note.....................................................................

                      

                        (2)

Redemptions of principal............................................................................

                       67

                       46

Debt balance at end of period......................................................................

$                   (19)

$                 (104)