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Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

Defined Benefit Plan Disclosure [Line Items]

Changes in projected benefit obligations of pension plans

		2011															2010
		U.S.					Int’l					Total					U.S.					Int’l					Total
Change in benefit obligation
Benefit obligation – January 1			$	246				$	53				$	299				$	229				$	51				$	280
Service cost				6					1					7					6					1					7
Interest cost				13					2					15					14					2					16
Amendments /other				(2	)				–					(2	)				(1	)				2					1
Actuarial loss (gain)				27					(1	)				26					10					(1	)				9
Benefits paid				(13	)				(3	)				(16	)				(12	)				(2	)				(14	)
Curtailment / Special termination benefit				1					–					1					–					1					1
Liabilities assumed through acquisition				–					1					1					–					–					–
Foreign currency translation				–					(1	)				(1	)				–					(1	)				(1	)
Benefit obligation – December 31			$	278				$	52				$	330				$	246				$	53				$	299

Changes in the fair value of plan assets of pension plans

		2011															2010
		U.S.					Int’l					Total					U.S.					Int’l					Total
Change in plan assets
Plan assets – January 1			$	185				$	2				$	187				$	174				$	2				$	176
Actual return on plan assets				(6	)									(6	)				23					–					23
Employer contributions				18					3					21					2					3					5
Benefits paid				(13	)				(3	)				(16	)				(12	)				(3	)				(15	)
Expenses				(2	)				–					(2	)				(2	)				–					(2	)
Plan assets – December 31			$	182				$	2				$	184				$	185				$	2				$	187
Funded status at end of year			$	(96	)			$	(50	)			$	(146	)			$	(61	)			$	(51	)			$	(112	)

Summary of the funded status of postretirement benefit plans and the presentation of such balances within Consolidated Balance Sheet

		2011															2010
		Pension					Other Benefits					Total					Pension					Other Benefits					Total
Fair value of plan assets			$	184				$	8				$	192				$	187				$	8				$	195
Projected benefit obligation				330					192					522					299					175					474
Funded status			$	(146	)			$	(184	)			$	(330	)			$	(112	)			$	(167	)			$	(279	)
Amounts reported within:
Accrued liabilities			$	(4	)			$	(10	)			$	(14	)			$	(3	)			$	(10	)			$	(13	)
Non-current liabilities				(142	)				(174	)				(316	)				(109	)				(158	)				(267	)

Amount recognized in accumulated other comprehensive loss

		2011															2010
		Pension					Other Benefits					Total					Pension					Other Benefits					Total
Net actuarial loss			$	147				$	58				$	205				$	100				$	45				$	145
Prior service cost (benefit)				6					(1	)				5					9					(1	)				8
Total			$	153				$	57				$	210				$	109				$	44				$	153

Pension plans with an accumulated benefit obligation in excess of plan assets

		2011					2010
Projected benefit obligation			$	328				$	299
Accumulated benefit obligation				327					297
Fair value of plan assets				182					187

Net periodic benefit cost and other amounts recognized in other comprehensive income (loss) of pension plans and other employee related benefit plans

		2011					2010
Change in plan assets
Plan assets – January 1			$	8				$	8
Employer contributions				9					9
Benefits paid				(9	)				(9	)
Plan assets – December 31			$	8				$	8
Funded status at end of year			$	(184	)			$	(167	)

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss)

		2011					2010					2009
Net periodic benefit cost
Service cost			$	2				$	2				$	2
Interest cost				9					9					10
Expected return on plan assets				(1	)				(1	)				(1	)
Amortization of net actuarial loss				3					1					2
Total net periodic benefit cost				13					11					13
Other changes in plan assets and benefit obligations recognized in other comprehensive (loss) income
Net loss				15					2					7
Amortization of net actuarial loss				(3	)				(1	)				(2	)
Total changes recognized in other comprehensive (loss) income				12					1					5
Total impact from net periodic benefit cost and changes in other comprehensive (loss) income			$	25				$	12				$	18

Net loss and prior service cost that will be amortized from accumulated other comprehensive loss

		Pension					Other Benefits					Total
Net actuarial loss			$	6				$	4				$	10
Prior service cost				1					–					1
Total			$	7				$	4				$	11

Weighted average assumptions used to determine benefit obligations

		2011										2010
		U.S.					Int’l					U.S.					Int’l
Obligation Assumptions:
Discount rate				4.79	%				4.85	%				5.69	%				5.03	%
Rate of future compensation increase				N/A					2.46	%				N/A					2.42	%
Cost Assumptions:
Discount rate				5.69	%				5.03	%				6.00	%				5.09	%
Expected return on plan assets				9.00	%				4.75	%				9.00	%				4.75	%

Weighted average assumptions used to determine net periodic benefit cost

		2011					2010
Obligation Assumptions:
Discount rate				4.80	%				5.50	%
Cost Assumptions:
Discount rate				5.50	%				6.00	%
Expected return on plan assets				9.00	%				9.00	%

Actual versus expected long term returns for our domestic pension plans

		2011					2010					2009
Expected rate of return on plan assets				9.00	%				9.00	%				9.00	%
Actual rate of return on plan assets				(3.2	)%				14.1	%				24.1	%

Asset allocation range

		2011					Targeted Allocation Range					2010					Targeted Allocation Range
Domestic equities				33	%				30-40	%				25	%				25-75	%
Alternative investments				0	%				0	%				47	%				20-45	%
International equities				27	%				20-40	%				18	%				10-45	%
Fixed income				35	%				25-45	%				2	%				0-60	%
Cash and other				5	%				0-5	%				8	%				0-30	%

Fair value of plan assets held by our postretirement benefits plans

		Pension										Other Benefits
2011		Total					Level 2					Total					Level 3
Asset Category
Equities:
Domestic			$	60				$	60				$	–				$	–
International				33					33					–					–
Emerging Markets				16					16					–					–
Fixed income				63					63					–					–
Cash and other				12					12					8					8
Total			$	184				$	184				$	8				$	8

		Pension																				Other Benefits
2010		Total					Level 1					Level 2					Level 3					Total					Level 3
Asset Category
Equities:
Domestic			$	47				$	36				$	7				$	4				$	–				$	–
International				15					10					–					5					–					–
Emerging Markets				19					8					9					2					–					–
Private equity(a)				55					–					7					48					–					–
Absolute return (hedge funds) (b)				32					–					12					20					–					–
Commodities, fixed income and other				19					–					16					3					8					8
Total			$	187				$	54				$	51				$	82				$	8				$	8

(a) Private equity includes a diversified range of strategies, including buyout funds, distressed funds, venture and growth equity funds and mezzanine funds.

(b) Absolute return hedge funds primarily include fund of funds that invest in a diversified portfolio of other hedge funds that employ a range of investment strategies and fixed income/multi-strategy absolute return funds, which invest in multiple investment strategies with the intent of diversifying risk and reducing volatility.

Fair value measurement pension plan and post retirement welfare

		Equity Securities					Private Equity					Absolute Returns					Commodities, Fixed Income and Other					Total
Level 3 balance – December 31, 2009			$	9				$	47				$	21				$	2				$	79
Realized gains (losses), net				–					4					–					–					4
Unrealized gains (losses), net				2					2					1					–					5
Purchases/(sales), net				–					–					(2	)				1					(1	)
Transfers in (out), net				–					(5	)				–					–					(5	)
Level 3 balance – December 31, 2010				11					48					20					3					82
Realized gains (losses), net				(1	)				3					–					–					2
Unrealized gains (losses), net				–					–					–					–					–
Purchases/(sales) and settlements, net				(10	)				(51	)				(20	)				(3	)				(84	)
Transfers in (out), net				–					–					–					–					–
Level 3 balance – December 31, 2011			$	–				$	–				$	–				$	–				$	–

Estimated future benefit payments

		U.S. Pension					Int’l Pension					Other Benefits
2012			$	15				$	3				$	11
2013				15					3					11
2014				16					4					11
2015				16					4					12
2016				17					4					12
2017 – 2021			$	93				$	17				$	61

Other Benefits [Member]

Defined Benefit Plan Disclosure [Line Items]

Changes in projected benefit obligations of pension plans

		2011					2010
Change in benefit obligation
Benefit obligation – January 1			$	175				$	171
Service cost				2					2
Interest cost				9					9
Actuarial loss				15					2
Benefits paid				(9	)				(9	)
Benefit obligation – December 31			$	192				$	175

Changes in the fair value of plan assets of pension plans

		2011															2010															2009
		U.S.					Int’l					Total					U.S.					Int’l					Total					U.S.					Int’l					Total
Net periodic benefit cost
Service cost			$	6				$	1				$	7				$	6				$	1				$	7				$	4				$	1				$	5
Interest cost				13					2					15					14					2					16					13					3					16
Expected return on plan assets				(19	)				–					(19	)				(18	)				–					(18	)				(18	)				–					(18	)
Amortization of net actuarial loss				4					–					4					2					–					2					2					–					2
Amortization of prior service cost				1					–					1					1					–					1					1					–					1
Net periodic benefit cost (income)				5					3					8					5					3					8					2					4					6
Effect of curtailment / Special termination benefit				3					–					3					–					2					2					–					–					–
Total net periodic benefit cost (income)				8					3					11					5					5					10					2					4					6
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)				52					(1	)				51					5					–					5					(10	)				–					(10	)
Prior service cost				–					–					–					1					–					1					–					–					–
Amortization of net actuarial loss				(4	)				–					(4	)				(2	)				–					(2	)				(2	)				–					(2	)
Amortization of prior service cost				(3	)				–					(3	)				(1	)				–					(1	)				(1	)				–					(1	)
Total change recognized in other comprehensive (loss) income				45					(1	)				44					3					–					3					(13	)				–					(13	)
Total impact from net periodic benefit cost and changes in other comprehensive (loss) income			$	53				$	2				$	55				$	8				$	5				$	13				$	(11	)			$	4				$	(7	)

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Actual versus expected long term returns for our domestic pension plans.

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Fair value measurement pension plan and postretirement welfare.

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Fair value of plan assets.

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Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

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Tabular disclosure of the change in the accumulated postemployment benefit obligation from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

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Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

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Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

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