Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2011
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Statements of Cash Flows-Supplemental Disclosures

 

 

 
   Years ended December 31,  
In millions
   2011   2010   2009  

Changes in current assets and liabilities, net of acquisitions and dispositions, were as follows:

                    

Accounts and notes receivable

   $ (350 ) $ (195 ) $ (181 )

Inventories

     (225 )   (574 )   482  

Other current assets

     (21 )   (54 )   33  

Accounts payable

     208     345     (75 )

Accrued expenses

     234     233     (132 )
               

Total

   $ (154 ) $ (245 ) $ 127  
               

Cash payments for income taxes, net of refunds

   $ 532   $ 312   $ 128  

Cash payments for interest, net of capitalized interest

   $ 47   $ 42   $ 31  
Activity in allowance for doubtful accounts

 

 

 
   December 31,  
In millions
   2011   2010   2009  

Balance, beginning of year

   $ 15   $ 13   $ 10  

Provision for bad debts

     6     5     11  

Write-offs

     (8 )   (3 )   (9 )

Other

     (1 )   —     1  
               

Balance, end of year

   $ 12   $ 15   $ 13