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LONG-TERM EMPLOYEE BENEFIT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2012

Long-term employee benefit liabilities

Long-term employee benefit liabilities consist of:

		2012				2011				2010
Defined benefit pension plans and other [a]		$	230			$	143			$	97
Termination and long service arrangements [b]			286				229				212
Retirement medical benefits plans [c]			39				37				34
Other long-term employee benefits			5				10				13
Long-term employee benefit obligations		$	560			$	419			$	356

Schedule of Company's defined benefit pension plan

Information about the Company’s defined benefit pension plans is as follows:

		2012				2011				2010
Projected benefit obligation
Beginning of year		$	403			$	352			$	330
Current service cost			12				11				11
Interest cost			19				19				18
Actuarial losses (gains) and changes in actuarial assumptions			50				42				(5	)
Benefits paid			(19	)			(14	)			(17	)
Special termination benefit			—				1				8
Acquisition			49				—				5
Divestitures			—				(3	)			—
Currency translation			6				(5	)			2
End of year			520				403				352
Plan assets at fair value
Beginning of year			259				253				218
Return on plan assets			26				—				25
Employer contributions			19				24				21
Benefits paid			(19	)			(14	)			(15	)
Currency translation			3				(4	)			4
End of year			288				259				253
Ending funded status		$	232			$	144			$	99

		2012				2011				2010
Amounts recorded in the consolidated balance sheet
Non-current asset		$	—			$	(1	)		$	—
Current liability			2				2				2
Non-current liability			230				143				97
Net amount		$	232			$	144			$	99
Amounts recorded in accumulated other comprehensive income
Unrecognized actuarial losses		$	(142	)		$	(101	)		$	(42	)
Net periodic benefit cost
Current service cost		$	12			$	11			$	11
Interest cost			19				19				18
Return on plan assets			(19	)			(19	)			(17	)
Actuarial losses			3				1				2
Special termination benefit			—				1				8
Net periodic benefit cost		$	15			$	13			$	22

Future benefit payments

[d] Future benefit payments

		Defined benefit pension plans				Termination and long service arrangements				Retirement medical benefits plans				Total
Expected employer contributions - 2013		$	30			$	10			$	2			$	42
Expected benefit payments:
2013		$	17			$	10			$	2			$	29
2014			15				10				2				27
2015			16				11				2				29
2016			16				12				3				31
2017			17				13				3				33
Thereafter			93				95				12				200
		$	174			$	151			$	24			$	349

Asset allocation of defined benefit pension plans

The asset allocation of the Company’s defined benefit pension plans at December 31, 2012 and 2011, and the target allocation for 2013 is as follows:

		2013				2012				2011
Equity securities			55-75	%			57	%			60	%
Fixed income securities			25-45	%			42	%			39	%
Cash and cash equivalents			0-15	%			1	%			1	%
			100	%			100	%			100	%

Pension Plans, Defined Benefit [Member]

Summary of weighted average significant actuarial assumptions adopted in measuring Company's obligations and cost

The weighted average significant actuarial assumptions adopted in measuring the Company’s obligations and costs are as follows:

		2012				2011				2010
Projected benefit obligation
Discount rate			4.1	%			4.7	%			5.5	%
Rate of compensation increase			2.8	%			2.8	%			2.6	%
Net periodic benefit cost
Discount rate			4.7	%			5.2	%			5.9	%
Rate of compensation increase			2.8	%			2.7	%			3.5	%
Expected return on plan assets			7.0	%			7.1	%			7.7	%

Termination And Long Service Arrangements [Member]

Summary of weighted average significant actuarial assumptions adopted in measuring Company's obligations and cost

The weighted average significant actuarial assumptions adopted in measuring the Company’s projected termination and long service benefit obligations and net periodic benefit cost are as follows:

		2012				2011				2010
Discount rate			4.2	%			5.4	%			4.9	%
Rate of compensation increase			3.9	%			4.0	%			3.9	%

Schedule of Company's defined benefit pension plan

Information about the Company’s termination and long service arrangements is as follows:

		2012				2011				2010
Projected benefit obligation
Beginning of year		$	237			$	220			$	190
Current service cost			15				14				13
Interest cost			12				10				11
Actuarial losses and changes in actuarial assumptions			41				14				33
Benefits paid			(12	)			(11	)			(12	)
Curtailment			(4	)			—				—
Divestitures			—				—				(3	)
Currency translation			7				(10	)			(12	)
Ending funded status		$	296			$	237			$	220
Amounts recorded in the consolidated balance sheet
Current liability		$	10			$	8			$	8
Non-current liability			286				229				212
Net amount		$	296			$	237			$	220
Amounts recorded in accumulated other comprehensive income
Unrecognized actuarial losses		$	(73	)		$	(45	)		$	(41	)
Net periodic benefit cost
Current service cost		$	15			$	14			$	13
Interest cost			12				10				11
Actuarial losses			12				6				5
Net periodic benefit cost		$	39			$	30			$	29

Retirement Medical Benefits Plans [Member]

Summary of weighted average significant actuarial assumptions adopted in measuring Company's obligations and cost

The weighted average discount rates used in measuring the Company’s projected retirement medical benefit obligations and net periodic benefit cost are as follows:

		2012				2011				2010
Retirement medical benefit obligations			3.6	%			4.2	%			5.4	%
Net periodic benefit cost			4.2	%			5.4	%			5.7	%
Health care cost inflation			8.0	%			9.2	%			9.2	%

Schedule of Company's defined benefit pension plan

Information about the Company’s retirement medical benefits plans are as follows:

		2012				2011				2010
Projected benefit obligation
Beginning of year		$	39			$	36			$	36
Interest cost			2				2				2
Actuarial losses and changes in actuarial assumptions			3				4				1
Benefits paid			(3	)			(3	)			(3	)
Ending funded status		$	41			$	39			$	36
Amounts recorded in the consolidated balance sheet
Current liability		$	2			$	2			$	2
Non-current liability			39				37				34
Net amount		$	41			$	39			$	36
Amounts recorded in accumulated other comprehensive income
Unrecognized past service costs		$	3			$	3			$	4
Unrecognized actuarial gains			8				12				18
Total accumulated other comprehensive income		$	11			$	15			$	22
Net periodic benefit cost
Interest cost		$	2			$	2			$	2
Actuarial gains			(1	)			(1	)			(1	)
Past service cost amortization			—				(1	)			—
Net periodic benefit cost		$	1			$	—			$	1

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Long-term employee benefit liabilities.

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Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

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Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

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Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

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-Publisher FASB

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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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