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DEBT AND COMMITMENTS (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Company's long-term debt
[a] The Company’s long-term debt, which is substantially uncollateralized, consists of the following:

 

     2012      2011  

Bank term debt at a weighted average interest rate of approximately 8.0% [2011 - 9.4%], denominated primarily in Chinese renminbi and Brazilian real

   $ 268       $ 137   

Government loans at a weighted average interest rate of approximately 5.4% [2011 - 5.8%], denominated primarily in euros

     15         18   

Other

     78         42   
  

 

 

    

 

 

 
     361         197   

Less due within one year

     249         151   
  

 

 

    

 

 

 
   $ 112       $ 46   
  

 

 

    

 

 

 
Schedule of future principal repayments on long-term debt
[b] Future principal repayments on long-term debt are estimated to be as follows:

 

2013

   $ 249   

2014

     24   

2015

     31   

2016

     16   

2017

     16   

Thereafter

     25   
  

 

 

 
   $ 361   
  

 

 

 
Interest (income) expense, net
[d] Interest expense (income), net includes:

 

     2012     2011     2010  

Interest expense

      

Current

   $ 27      $ 16      $ 9   

Long-term

     7        3        2   
  

 

 

   

 

 

   

 

 

 
     34        19        11   

Interest income

     (18     (25     (22
  

 

 

   

 

 

   

 

 

 

Interest expense (income), net

   $ 16      $ (6   $ (11
  

 

 

   

 

 

   

 

 

 
Company's commitments under operating leases and requiring annual rental payments
[f] At December 31, 2012, the Company had commitments under operating leases requiring annual rental payments as follows:

 

     Total  

2013

   $ 318   

2014

     287   

2015

     256   

2016

     233   

2017

     204   

Thereafter

     336   
  

 

 

 
   $ 1,634