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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Derivative Financial Instruments [Abstract]

Outstanding foreign currency forward contracts

		Currency Denomination
Foreign Currency		March 31, 2012				December 31, 2011
Norwegian Krone		NOK	5,813			NOK	6,639
Euro		€	405			€	456
U.S. Dollar		$	381			$	402
Mexican Peso		MXN	306			MXN	—
Danish Krone		DKK	95			DKK	98
British Pound Sterling		£	17			£	2
Singapore Dollar		SGD	7			SGD	10

		Currency Denomination
Foreign Currency		March 31, 2012				December 31, 2011
Norwegian Krone		NOK	4,293			NOK	2,310
Russian Ruble		RUB	984			RUB	786
U.S. Dollar		$	440			$	483
Euro		€	213			€	161
Singapore Dollar		SGD	135			SGD	5
Danish Krone		DKK	121			DKK	67
British Pound Sterling		£	12			£	9
Swedish Krone		SEK	8			SEK	4

Derivative Instruments and their Balance Sheet Classifications

		Asset Derivatives										Liability Derivatives
				Fair Value										Fair Value
		Balance Sheet		March 31,				December 31,				Balance Sheet		March 31,				December 31,
		Location		2012				2011				Location		2012				2011
Derivatives designated as hedging instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	40			$	16			Accrued liabilities		$	19			$	62
Foreign exchange contracts		Other Assets			11				1			Other Liabilities			1				13
Total derivatives designated as hedging instruments under ASC Topic 815				$	51			$	17					$	20			$	75
Derivatives not designated as hedging instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	27			$	9			Accrued liabilities		$	13			$	21
Total derivatives not designated as hedging instruments under ASC Topic 815				$	27			$	9					$	13			$	21
Total derivatives				$	78			$	26					$	33			$	96

Effect of Derivative-Instruments on the Consolidated Statements of Income

Derivatives in ASC Topic 815 Cash Flow Hedging Relationships		Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion) (a)								Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)								Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)		Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) (b)
		Three Months Ended March 31,										Three Months Ended March 31,										Three Months Ended March 31,
		2012				2011						2012				2011						2012				2011
										Revenue			(4	)			1
Foreign exchange contracts			78				55			Cost of revenue			(6	)			4			Other income (expense), net			(1	)			(3	)
Total			78				55						(10	)			5						(1	)			(3	)

Derivatives Not Designated as Hedging Instruments under ASC Topic 815		Location of Gain (Loss) Recognized in Income on Derivative		Amount of Gain (Loss) Recognized in Income on Derivative
				Three Months Ended March 31,
				2012				2011
Foreign exchange contracts		Other income (expense), net			16				(11	)
Total					16				(11	)

(a) The Company expects that $(6) million of the Accumulated Other Comprehensive Income (Loss) will be reclassified into earnings within the next twelve months with an offset by gains from the underlying transactions resulting in no impact to earnings or cash flow.

(b) The amount of gain recognized in income represents $(1) million and $(3) million related to the ineffective portion of the hedging relationships for the three months ended March 31, 2012 and 2011, respectively, and $(1) million and $(4) million related to the amount excluded from the assessment of the hedge effectiveness for the three months ended March 31, 2012 and 2011, respectively.

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- Definition

Outstanding foreign currency forward contracts.

+ References

No definition available.

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- Definition

Tabular disclosure of gains and losses on derivative instruments included in an entity's trading activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

-Subparagraph c

-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 4F

-Subparagraph (a),(b)

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624186-113959



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 55

-Paragraph 184

-URI http://asc.fasb.org/extlink&oid=6922577&loc=SL5634876-113961



Reference 4: 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.

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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 Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959



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 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.

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