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Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2012
Pre-Tax Gain (Loss) | The pre-tax gain (loss) included in the Company’s consolidated statements of income is as follows, in millions:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Foreign Currency Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exchange Contracts |  | $ | (4 | ) |  | $ | 8 |  |  | $ | — |  |  | $ | 1 |
Forward Contracts |  |  | (1 | ) |  |  | 2 |  |  |  | (2 | ) |  |  | 3 |
Metal Contracts |  |  | 2 |  |  |  | (10 | ) |  |  | 3 |  |  |  | (11 | )
Total gain (loss) |  | $ | (3 | ) |  | $ | — |  |  | $ | 1 |  |  | $ | (7 | )
Fair Value of Derivative Instruments Presented on Gross Basis | The notional amounts being hedged and the fair value of those derivative instruments, on a gross basis, are as follows, in millions:
|  | At September 30, 2012 |
|  | Notional |  |  |  |  |  |  |
|  | Amount |  |  | Assets |  |  | Liabilities |
Foreign Currency Contracts |  |  |  |  |  |  |  |  |  |  |  |
Exchange Contracts |  | $ | 168 |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  | $ | 1 |  |  | $ | — |
Current liabilities |  |  |  |  |  |  | 1 |  |  |  | (3 | )
Forward Contracts |  |  | 84 |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  | 1 |  |  |  | (1 | )
Metal Contracts |  |  | 38 |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  | 1 |  |  |  | (1 | )
Total |  |  |  |  |  | $ | 4 |  |  | $ | (5 | )
|  | At December 31, 2011 |
|  | Notional Amount |  |  | Assets |  |  | Liabilities |
Foreign Currency Contracts |  |  |  |  |  |  |  |  |  |  |  |
Exchange Contracts |  | $ | 108 |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  | $ | 8 |  |  | $ | — |
Forward Contracts |  |  | 76 |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  | 1 |  |  |  | — |
Current liabilities |  |  |  |  |  |  | 1 |  |  |  | 2 |
Metal Contracts |  |  | 67 |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  | 2 |  |  |  | — |
Current liabilities |  |  |  |  |  |  | — |  |  |  | 4 |
Total |  |  |  |  |  | $ | 12 |  |  | $ | 6 |

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- Definition Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph b -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 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -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. + Details
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