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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Derivative Financial Instruments [Abstract]

Outstanding foreign currency forward contracts

		Currency Denomination
Foreign Currency		June 30, 2012						December 31, 2011
Norwegian Krone		NOK			7,019			NOK			6,639
U.S. Dollar		$			424			$			402
Euro		€			414			€			456
Mexican Peso		MXN			204			MXN			—
Danish Krone		DKK			63			DKK			98
Singapore Dollar		SGD			15			SGD			10
British Pound Sterling		£			14			£			2

		Currency Denomination
Foreign Currency		June 30, 2012						December 31, 2011
Norwegian Krone		NOK			2,168			NOK			2,310
Russian Ruble		RUB			1,144			RUB			786
U.S. Dollar		$			605			$			483
Euro		€			376			€			161
Danish Krone		DKK			125			DKK			67
Brazilian Real		BRL			73			BRL			—
Singapore Dollar		SGD			36			SGD			5
British Pound Sterling		£			8			£			9
Canadian Dollar		CAD			2			CAD			—
Swedish Krone		SEK			—			SEK			4

Derivative Instruments and their Balance Sheet Classifications

		Asset Derivatives										Liability Derivatives
				Fair Value										Fair Value
		Balance Sheet		June 30,				December 31,				Balance Sheet		June 30,				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		$	10			$	16			Accrued liabilities		$	44			$	62
Foreign exchange contracts		Other Assets			1				1			Other Liabilities			6				13
Total derivatives designated as hedging instruments under ASC Topic 815				$	11			$	17					$	50			$	75
Derivatives not designated as hedging instruments under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	6			$	9			Accrued liabilities		$	24			$	21
Total derivatives not designated as hedging instruments under ASC Topic 815				$	6			$	9					$	24			$	21
Total derivatives				$	17			$	26					$	74			$	96

Effect of Derivative-Instruments on the Consolidated Statements of Income

The Effect of Derivative Instruments on the Consolidated Statements of Income

($ in millions)

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) ,
		Six Months Ended June 30,										Six Months Ended June 30,										Six Months Ended June 30
		2012				2011						2012				2011						2012				2011
										Revenue			(6	)			21
Foreign exchange contracts			(5	)			87			Cost of revenue			(11	)			9			Other income (expense), net			4				(2	)
Total			(5	)			87						(17	)			30						4				(2	)

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
				Six Months Ended June 30,
				2012				2011
Foreign exchange contracts		Other income (expense), net			13				(15	)
Total					13				(15	)

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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 Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4F

-Subparagraph (a),(b)

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624186-113959



Reference 2: 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 3: 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 4: 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=7485890&loc=SL5634876-113961

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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.

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