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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2011
Accumulated Other Comprehensive Income (Loss)  
Accumulated Other Comprehensive Income (Loss)

10. Accumulated Other Comprehensive Income (Loss)

        The components of comprehensive income are: (a) net earnings; (b) change in fair value of certain derivative instruments; (c) pension and other postretirement benefit adjustments; and (d) foreign currency translation adjustments. The net effect of exchange rate fluctuations generally reflects changes in the relative strength of the U.S. dollar against major foreign currencies between the beginning and end of the year.

        The following table lists the beginning balance, annual activity and ending balance of each component of accumulated other comprehensive income (loss):

 
   Net Effect of
Exchange Rate
Fluctuations 		  Deferred Tax
Effect for
Translation 		  Change in
Certain
Derivative
Instruments 		  Employee
Benefit Plans 		  Total
Accumulated
Other
Comprehensive
Income (Loss) 		 

Balance on January 1, 2009

   $ 61   $ 13   $ (38 ) $ (1,657 ) $ (1,621 )

2009 Change

    
229		          
37		    
133		    
399		  

Translation effect

                       (34 )   (34 )

Tax effect

                       (14 )   (14 )

Intraperiod tax allocation

                 (13 )   (35 )   (48 )
                       

Balance on December 31, 2009

     290     13     (14 )   (1,607 )   (1,318 )

2010 Change

    
382		          
(2
)		  
60		    
440		  

Translation effect

                       (1 )   (1 )

Tax effect

                       (4 )   (4 )

Intraperiod tax allocation

                       (14 )   (14 )
                       

Balance on December 31, 2010

     672     13     (16 )   (1,566 )   (897 )

2011 Change

    
(187
)		        
(3
)		  
(218
)		  
(408
)

Translation effect

                       1     1  

Tax effect

                       (8 )   (8 )

Acquisition of noncontrolling interest

     (9 )                     (9 )
                       

Balance on December 31, 2011

   $ 476   $ 13   $ (19 ) $ (1,791 ) $ (1,321 )
                       

        Exchange rate fluctuations in 2009 included a loss of $133 million related to the Company's decision to translate the balance sheets of its Venezuelan subsidiaries using the parallel market rate at December 31, 2009 instead of the historic official rate. Exchange rate fluctuations in 2010 included the write-off of cumulative currency translation losses related to the disposal of the Venezuelan operations. See Note 22 to the Consolidated Financial Statements for further information.

        The intraperiod tax allocation in 2010 and 2009 related to a non-cash tax benefit transferred to continuing operations. See Note 11 to the Consolidated Financial Statements for further information.