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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2011
Long-Term Debt [Abstract]  
Long-term debt
                 
    December 31,
2011
    December 31,
2010
 

Funding program loans from European Investment Bank:

               

0.58% due 2014, floating interest rate at Libor + 0.017%

    60       80  

0.44% due 2015, floating interest rate at Libor + 0.026%

    37       47  

0.48% due 2016, floating interest rate at Libor + 0.052%

    97       116  

0.89% due 2016, floating interest rate at Libor + 0.317%

    129       155  

0.65% due 2016, floating interest rate at Libor + 0.213%

    143       171  

Other funding program loans:

               

0.53% (weighted average), due 2012-2018, fixed interest rate

    10       12  

Capital leases:

               

4.52% (weighted average), due 2012-2017, fixed interest rate

    9       11  

Senior Bonds:

               

1.82%, due 2013, floating interest rate at Euribor + 0.40%

    453       569  

Convertible debt:

               

1.50% convertible bonds due 2016

    221       534  
   

 

 

   

 

 

 

Total long-term debt

    1,159       1,695  

Less current portion (excluding short term borrowings of $400 million described below)

    (333     (645
   

 

 

   

 

 

 

Total long-term debt, less current portion

    826       1,050  
   

 

 

   

 

 

 
Long-term debt denominated by currencies
                 
    December 31,
2011
    December 31,
2010
 

U.S. dollar

    694       1,113  

Euro

    465       582  

Total

    1,159       1,695  
Total long-term debt outstanding maturities
         
    December 31,
2011
 

2012

    333  

2013

    561  

2014

    106  

2015

    84  

2016

    74  

Thereafter

    1  
   

 

 

 

Total

    1,159