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 12 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Loans payable
Dec. 31, 2011
Loans payable
Dec. 31, 2010
Loans payable
Nov. 09, 2012
5-year revolving credit agreement
Dec. 31, 2012
5-year revolving credit agreement
Dec. 31, 2012
International and other domestic short-term credit facilities
Dec. 31, 2011
International and other domestic short-term credit facilities
Dec. 31, 2009
Export financing loan, 4.5%, due 2012
entity
Dec. 31, 2012
Export financing loan, 4.5%, due 2012
Dec. 31, 2011
Export financing loan, 4.5%, due 2012
Dec. 31, 2010
Export financing loan, 4.5%, due 2013
entity
Dec. 31, 2012
Export financing loan, 4.5%, due 2013
Dec. 31, 2011
Export financing loan, 4.5%, due 2013
Dec. 31, 2012
Debentures, 6.75%, due 2027
Dec. 31, 2011
Debentures, 6.75%, due 2027
Dec. 31, 2012
Debentures, 7.125%, due 2028
Dec. 31, 2011
Debentures, 7.125%, due 2028
Dec. 31, 2012
Debentures, 5.65%, due 2098 (effective interest rate 7.48%)
Dec. 31, 2011
Debentures, 5.65%, due 2098 (effective interest rate 7.48%)
Dec. 31, 2012
Other long-term debt
Dec. 31, 2011
Other long-term debt
Long-term debt                                              
Loans payable     $ 16 $ 28                                      
Weighted average interest rate (as a percent)     3.21% 4.19% 4.76%                                    
Total interest incurred     39 48 45                                    
Interest capitalized     7 4 5                                    
Term of loan           5 years       3 years     3 years                    
Revolving credit facility amount available for swingline loans           200                                  
Reference rate for variable rate of interest           LIBOR                                  
Percentage added to reference rate to compute the variable interest rate             0.875%                                
Leverage ratio             3.25                                
Maximum credit capacity of the revolving credit facility           1,750 1,750                                
Less: Letters of credit Against revolving credit facility             23                                
Amount available for borrowing under the revolving credit facility             1,727 301                              
Outstanding borrowings               16 28                            
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 653 638                   31   23 44 58 58 250 250 165 165 157 90
Unamortized discount (35) (36)                                          
Fair value adjustment due to hedge on indebtedness 88 82                                          
Capital leases 53 71                                          
Total long-term debt 759 755                                          
Less: Current maturities of long-term debt (61) (97)                                          
Long-term debt 698 658                                          
Principal payments required on long-term debt                                              
2013 61                                            
2014 41                                            
2015 72                                            
2016 20                                            
2017 13                                            
Other debt disclosure                                              
Number of wholly-owned Brazilian subsidiaries entering into loan agreement.                   1     2                    
US dollar equivalent of foreign debt upon issuance                   $ 45     $ 50                    
Grace period                   2 years     2 years