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Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt

Long-term Debt

		June 30,			December 31,			June 30,
		2013			2012			2012
Secured Credit Agreement:
Revolving Credit Facility:
Revolving Loans		$	—		$	—		$	—
Term Loans:
Term Loan A (25 million AUD at June 30, 2013)		23			53			173
Term Loan B		525			525			600
Term Loan C (102 million CAD at June 30, 2013)		97			102			113
Term Loan D (€123 million at June 30, 2013)		161			163			177
Senior Notes:
3.00%, Exchangeable, due 2015		607			642			633
7.375%, due 2016		592			591			589
6.875%, due 2017 (€300 million)					396			377
6.75%, due 2020 (€500 million)		653			660			628
4.875%, due 2021 (€330 million)		431
Senior Debentures:
7.80%, due 2018		250			250			250
Other		84			95			128
Total long-term debt		3,423			3,477			3,668
Less amounts due within one year		87			23			101
Long-term debt		$	3,336		$	3,454		$	3,567

Information related to accounts receivable securitization program

		June 30,			December 31,			June 30,
		2013			2012			2012
Balance (included in short-term loans)		$	290		$	264		$	302
Weighted average interest rate		1.20		%	1.33		%	1.42		%

Fair values of the Company's significant fixed rate debt obligations

					Indicated
		Principal			Market		Fair
		Amount			Price		Value
Senior Notes:
3.00%, Exchangeable, due 2015		$	644		101.78		$	655
7.375%, due 2016		600			112.70		676
6.75%, due 2020 (€500 million)		653			110.91		724
4.875%, due 2021 (€330 million)		431			99.26		428
Senior Debentures:
7.80%, due 2018		250			115.50		289

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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