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Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2011
Debt |
Long-term Debt |
|  | 2011 |  | 2010 |
--- | --- | --- | --- | --- | ---
Secured Credit Agreement: |  |  |  |  |  |  |
Revolving Credit Facility: |  |  |  |  |  |  |
Revolving Loans |  | $ | — |  | $ | — |
Term Loans: |  |  |  |  |  |  |
Term Loan A (170 million AUD) |  |  | 173 |  |  |  |
Term Loan B |  |  | 600 |  |  |  |
Term Loan C (116 million CAD) |  |  | 114 |  |  |  |
Term Loan D (€141 million) |  |  | 182 |  |  |  |
Fourth Amended and Restated Secured Credit Agreement: |  |  |  |  |  |  |
Term Loan A |  |  |  |  |  | 92 |
Term Loan B |  |  |  |  |  | 190 |
Term Loan C |  |  |  |  |  | 111 |
Term Loan D |  |  |  |  |  | 253 |
Senior Notes: |  |  |  |  |  |  |
6.75%, due 2014 |  |  |  |  |  | 400 |
6.75%, due 2014 (€225 million) |  |  |  |  |  | 300 |
3.00%, Exchangeable, due 2015 |  |  | 624 |  |  | 607 |
7.375%, due 2016 |  |  | 588 |  |  | 585 |
6.875%, due 2017 (€300 million) |  |  | 388 |  |  | 401 |
6.75%, due 2020 (€500 million) |  |  | 647 |  |  | 668 |
Senior Debentures: |  |  |  |  |  |  |
7.80%, due 2018 |  |  | 250 |  |  | 250 |
Other |  |  | 137 |  |  | 164 |
Total long-term debt |  |  | 3,703 |  |  | 4,021 |
Less amounts due within one year |  |  | 76 |  |  | 97 |
Long-term debt |  | $ | 3,627 |  | $ | 3,924 |
Carrying values of the liability and equity components of 2015 Exchangeable Notes |
|  | 2011 |  | 2010 |
--- | --- | --- | --- | --- | ---
Principal amount of exchangeable notes |  | $ | 690 |  | $ | 690 |
Unamortized discount on exchangeable notes |  |  | 66 |  |  | 83 |
Net carrying amount of liability component |  | $ | 624 |  | $ | 607 |
Carrying amount of equity component |  | $ | 93 |  | $ | 93 |
Information related to accounts receivable securitization programs |
|  | 2011 |  | 2010 |
--- | --- | --- | --- | --- | ---
Balance (included in short-term loans) |  | $ | 281 |  | $ | 247 |
Weighted average interest rate |  |  | 2.41 | % |  | 2.40 | %
Fair values at December 31, 2011 of the Company's significant fixed rate debt obligations |
|  | Principal Amount |  | Indicated Market Price |  | Fair Value |
--- | --- | --- | --- | --- | --- | --- | ---
Senior Notes: |  |  |  |  |  |  |  |  |  |
3.00%, Exchangeable, due 2015 |  | $ | 690 |  |  | 92.23 |  | $ | 636 |
7.375%, due 2016 |  |  | 600 |  |  | 110.00 |  |  | 660 |
6.875%, due 2017 (€300 million) |  |  | 388 |  |  | 101.56 |  |  | 394 |
6.75%, due 2020 (€500 million) |  |  | 647 |  |  | 99.75 |  |  | 645 |
Senior Debentures: |  |  |  |  |  |  |  |  |  |
7.80%, due 2018 |  |  | 250 |  |  | 111.50 |  |  | 279 |
Amount of interest expense recognized on the 2015 Exchangeable Notes |
|  | 2011 |  | 2010 |
--- | --- | --- | --- | --- | ---
Contractual coupon interest |  | $ | 21 |  | $ | 14 |
Amortization of discount on exchangeable notes |  |  | 17 |  |  | 10 |
Total interest expense |  | $ | 38 |  | $ | 24 |

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