Annual report pursuant to Section 13 and 15(d)

DEBT (Details)

v2.4.0.6
DEBT (Details) (USD $)
In Millions, unless otherwise specified
 12 Months Ended 0 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Loans payable
Dec. 31, 2010
Loans payable
Dec. 31, 2009
Loans payable
Jul. 16, 2010
Four-year revolving credit facility
Y
Dec. 31, 2011
Four-year revolving credit facility
Dec. 31, 2011
International and other domestic short-term credit facilities
Dec. 31, 2010
International and other domestic short-term credit facilities
Oct. 31, 2009
Export financing loan, 4.5%, due 2012
Y
entity
Dec. 31, 2011
Export financing loan, 4.5%, due 2012
Dec. 31, 2010
Export financing loan, 4.5%, due 2012
Dec. 31, 2010
Export financing loan, 4.5%, due 2013
Y
entity
Dec. 31, 2011
Export financing loan, 4.5%, due 2013
Dec. 31, 2011
Debentures, 6.75%, due 2027
Dec. 31, 2010
Debentures, 6.75%, due 2027
Dec. 31, 2011
Debentures, 7.125%, due 2028
Dec. 31, 2010
Debentures, 7.125%, due 2028
Dec. 31, 2011
Debentures, 5.65%, due 2098 (effective interest rate 7.48%)
Dec. 31, 2010
Debentures, 5.65%, due 2098 (effective interest rate 7.48%)
Dec. 31, 2011
Other long-term debt
Dec. 31, 2010
Other long-term debt
Debt Instrument:                                            
Short-term borrowing $ 28 $ 82 $ 28 $ 82                                    
Weighted average interest rate (as a percent)     4.19% 4.76% 5.61%                                  
Total interest incurred     48 45 41                                  
Interest capitalized     4 5 6                                  
Revolving credit facility maximum borrowing capacity           1,240 1,240                              
Revolving credit facility amount available for swingline loans           150                                
Reference rate for variable rate of interest           LIBOR                                
Percentage added to reference rate to compute the variable interest rate             1.75%                              
Leverage ratio             3.0                              
Denominator of leverage ratio             1.0                              
Interest coverage ratio             1.5                              
Denominator of interest coverage ratio             1.0                              
Less: Letters of credit Against revolving credit facility             37                              
Amount available for borrowing under the revolving credit facility             1,203 300                            
Outstanding borrowings               28 82                          
Debt instrument interest rate (as a percent)                     4.50%     4.50% 6.75%   7.125%   5.65%      
Effective interest rate (as a percent)                                     7.48%      
Long-term debt gross 638 636                 31 52 55 44 58 58 250 250 165 165 90 56
Unamortized discount (36) (36)                                        
Fair value adjustment due to hedge on indebtedness 82 41                                        
Capital leases 71 120                                        
Total long-term debt 755 761                                        
Less current maturities of long-term debt (97) (52)                                        
Long-term debt 658 709                                        
US dollar equivalent of foreign debt upon issuance                   $ 45     $ 50                  
Number of wholly-owned Brazilian subsidiaries entering into loan agreement.                   1     2                  
Term of loan (in years)           4       3     3                  
Grace period (in years)                   2     2