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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2012
Long-term Debt

Long-term debt consisted of the following:

 

     December 31,
2012
    December 31,
2011
 

Funding program loans from European Investment Bank:

    

0.33% due 2014, floating interest rate at Libor + 0.017%

     40        60   

0.34% due 2015, floating interest rate at Libor + 0.026%

     28        37   

0.36% due 2016, floating interest rate at Libor + 0.052%

     77        97   

0.63% due 2016, floating interest rate at Libor + 0.317%

     103        129   

0.53% due 2016, floating interest rate at Libor + 0.213%

     114        143   

1.42% due 2020, floating interest rate at Libor + 1.099%

     100        —     

1.27% due 2020, floating interest rate at Libor + 0.956%

     221        —     

1.02% due 2020, floating interest rate at Euribor + 0.817%

     132        —     

Other funding program loans:

    

0.54% (weighted average), due 2013-2018, fixed interest rate

     7        10   

Other long-term loans:

    

1.95% (weighted average), due 2017, fixed interest rate

     12        —     

Capital leases:

    

6.03% (weighted average), due 2013-2017, fixed interest rate

     5        9   

Senior Bonds:

    

0.58%, due 2013, floating interest rate at Euribor + 0.40%

     462        453   

Convertible debt:

    

1.50% convertible bonds due 2016

     —          221   
  

 

 

   

 

 

 

Total long-term debt

     1,301        1,159   

Less current portion

     (630     (333
  

 

 

   

 

 

 

Total long-term debt, less current portion

     671        826   
  

 

 

   

 

 

 
Long-term Debt Denominated by Currencies

Long-term debt is denominated in the following currencies:

 

     December 31, 2012      December 31, 2011  

U.S. dollar

     689         694   

Euro

     612         465   

Total

     1,301         1,159   
Total Long-term Debt Outstanding Maturities

Aggregate future maturities of total long-term debt outstanding (including current portion) are as follows:

 

     December 31,
2012
 

2013

     630   

2014

     165   

2015

     144   

2016

     134   

2017

     58   

Thereafter

     170   
  

 

 

 

Total

     1,301