2009 Q4 Form 10-K Financial Statement
#000119312510027861 Filed on February 11, 2010
Income Statement
Concept | 2009 Q4 | 2009 | 2008 Q4 |
---|---|---|---|
Revenue | $13.98B | $52.92B | $14.77B |
YoY Change | -5.36% | -11.44% | 0.38% |
Cost Of Revenue | $10.32B | $9.956B | $10.83B |
YoY Change | -4.72% | -7.85% | 0.92% |
Gross Profit | $3.662B | $42.96B | $3.942B |
YoY Change | -7.1% | -12.23% | -1.08% |
Gross Profit Margin | 26.2% | 81.19% | 26.69% |
Selling, General & Admin | $1.555B | $6.036B | $1.444B |
YoY Change | 7.69% | -10.23% | -15.6% |
% of Gross Profit | 42.46% | 14.05% | 36.63% |
Research & Development | $421.0M | $1.558B | $490.0M |
YoY Change | -14.08% | -12.03% | 1.87% |
% of Gross Profit | 11.5% | 3.63% | 12.43% |
Depreciation & Amortization | $333.0M | $852.0M | $350.0M |
YoY Change | -4.86% | -1.5% | 12.9% |
% of Gross Profit | 9.09% | 1.98% | 8.88% |
Operating Expenses | $1.878B | $7.594B | $1.934B |
YoY Change | -2.9% | -10.61% | -11.77% |
Operating Profit | $1.784B | $6.377B | $2.008B |
YoY Change | -11.16% | -15.08% | 11.99% |
Interest Expense | -$160.0M | $705.0M | -$171.0M |
YoY Change | -6.43% | 2.32% | -1.72% |
% of Operating Profit | -8.97% | 11.06% | -8.52% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $1.624B | $2.584B | $1.632B |
YoY Change | -0.49% | -10.87% | 0.8% |
Income Tax | $455.0M | $1.581B | $403.0M |
% Of Pretax Income | 28.02% | 61.18% | 24.69% |
Net Earnings | $1.073B | $3.829B | $1.145B |
YoY Change | -6.29% | -18.34% | 8.02% |
Net Earnings / Revenue | 7.68% | 7.24% | 7.75% |
Basic Earnings Per Share | $1.17 | $4.17 | |
Diluted Earnings Per Share | $1.15 | $4.12 | $1.229M |
COMMON SHARES | |||
Basic Shares Outstanding | 937.5M shares | 917.4M shares | |
Diluted Shares Outstanding | 928.8M shares |
Balance Sheet
Concept | 2009 Q4 | 2009 | 2008 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $4.449B | $4.449B | $4.327B |
YoY Change | 2.82% | 2.82% | 49.0% |
Cash & Equivalents | $4.449B | $4.449B | $4.327B |
Short-Term Investments | |||
Other Short-Term Assets | $1.078B | $2.767B | $769.0M |
YoY Change | 40.18% | 19.27% | -65.39% |
Inventory | $7.509B | $7.509B | $8.340B |
Prepaid Expenses | |||
Receivables | $8.469B | $8.469B | $9.480B |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $23.19B | $23.19B | $24.47B |
YoY Change | -5.2% | -5.2% | 10.86% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.364B | $6.364B | $6.348B |
YoY Change | 0.25% | 0.25% | 0.83% |
Goodwill | $16.30B | $15.36B | |
YoY Change | 6.09% | ||
Intangibles | $3.538B | $3.443B | |
YoY Change | 2.76% | ||
Long-Term Investments | $1.047B | $1.047B | $1.002B |
YoY Change | 4.49% | 4.49% | 4.05% |
Other Assets | $3.219B | $5.321B | $2.581B |
YoY Change | 24.72% | -14.37% | -51.92% |
Total Long-Term Assets | $32.57B | $32.57B | $32.37B |
YoY Change | 0.61% | 0.61% | -0.41% |
TOTAL ASSETS | |||
Total Short-Term Assets | $23.19B | $23.19B | $24.47B |
Total Long-Term Assets | $32.57B | $32.57B | $32.37B |
Total Assets | $55.76B | $55.76B | $56.84B |
YoY Change | -1.89% | -1.89% | 4.14% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.634B | $4.634B | $5.594B |
YoY Change | -17.16% | -17.16% | 10.58% |
Accrued Expenses | $11.79B | $6.177B | $12.07B |
YoY Change | -2.3% | -5.17% | 7.02% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $254.0M | $254.0M | $1.023B |
YoY Change | -75.17% | -75.17% | -5.71% |
Long-Term Debt Due | $1.233B | $1.233B | $1.116B |
YoY Change | 10.48% | 10.48% | 2225.0% |
Total Short-Term Liabilities | $17.91B | $17.91B | $19.80B |
YoY Change | -9.54% | -9.54% | 13.36% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $8.257B | $8.257B | $9.337B |
YoY Change | -11.57% | -11.57% | 16.49% |
Other Long-Term Liabilities | $4.054B | $8.204B | $4.198B |
YoY Change | -3.43% | -23.84% | -38.48% |
Total Long-Term Liabilities | $4.054B | $16.46B | $4.198B |
YoY Change | -3.43% | -18.14% | -71.71% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $17.91B | $17.91B | $19.80B |
Total Long-Term Liabilities | $4.054B | $16.46B | $4.198B |
Total Liabilities | $34.37B | $35.70B | $39.91B |
YoY Change | -13.87% | -13.09% | 20.14% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $27.40B | $25.03B | |
YoY Change | 9.44% | ||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $15.41B | $14.32B | |
YoY Change | 7.63% | ||
Treasury Stock Shares | 445.0M shares | 426.1K shares | |
Shareholders Equity | $20.07B | $20.07B | $15.76B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $55.76B | $55.76B | $56.84B |
YoY Change | -1.89% | -1.89% | 4.14% |
Cashflow Statement
Concept | 2009 Q4 | 2009 | 2008 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.073B | $3.829B | $1.145B |
YoY Change | -6.29% | -18.34% | 8.02% |
Depreciation, Depletion And Amortization | $333.0M | $852.0M | $350.0M |
YoY Change | -4.86% | -1.5% | 12.9% |
Cash From Operating Activities | $1.475B | $5.353B | $2.020B |
YoY Change | -26.98% | -13.11% | -1.22% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$325.0M | -$826.0M | -$406.0M |
YoY Change | -19.95% | -32.07% | -10.96% |
Acquisitions | $703.0M | ||
YoY Change | -43.85% | ||
Other Investing Activities | -$48.00M | -$358.0M | -$740.0M |
YoY Change | -93.51% | -717.24% | 29.82% |
Cash From Investing Activities | -$373.0M | -$1.104B | -$1.146B |
YoY Change | -67.45% | -52.74% | 11.7% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $1.100B | ||
YoY Change | -65.19% | ||
Debt Paid & Issued, Net | $1.012B | ||
YoY Change | 2008.33% | ||
Cash From Financing Activities | -1.283B | -$4.191B | -2.000M |
YoY Change | 64050.0% | 87.27% | -99.79% |
NET CHANGE | |||
Cash From Operating Activities | 1.475B | $5.353B | 2.020B |
Cash From Investing Activities | -373.0M | -$1.104B | -1.146B |
Cash From Financing Activities | -1.283B | -$4.191B | -2.000M |
Net Change In Cash | -181.0M | $58.00M | 872.0M |
YoY Change | -120.76% | -96.35% | 1221.21% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.475B | $5.353B | $2.020B |
Capital Expenditures | -$325.0M | -$826.0M | -$406.0M |
Free Cash Flow | $1.800B | $6.179B | $2.426B |
YoY Change | -25.8% | -16.24% | -3.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2009Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
937539417 | shares |
CY2009Q2 | dei |
Entity Public Float
EntityPublicFloat
|
48749457537 | USD |
CY2009 | dei |
Document Type
DocumentType
|
10-K | |
CY2009 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2009 | dei |
Entity Registrant Name
EntityRegistrantName
|
UNITED TECHNOLOGIES CORP /DE/ | |
CY2009 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000101829 | |
CY2009 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2009 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
CY2009 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2009 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2009 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2009 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
060570975 | |
CY2009 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2009-12-31 | |
CY2009 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
37332000000 | USD |
CY2009 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
15093000000 | USD |
CY2009 | us-gaap |
Other Income
OtherIncome
|
495000000 | USD |
CY2009 | us-gaap |
Revenues
Revenues
|
52920000000 | USD |
CY2009 | us-gaap |
Cost Of Goods Sold
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CY2009 | us-gaap |
Cost Of Services
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Research And Development Expense
ResearchAndDevelopmentExpense
|
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CY2009 | us-gaap |
Selling General And Administrative Expense
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Operating Income Loss
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Interest Expense
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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|
5760000000 | USD |
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Income Tax Expense Benefit
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|
1581000000 | USD |
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Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
350000000 | USD |
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Net Income Loss
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|
3829000000 | USD |
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Earnings Per Share Basic
EarningsPerShareBasic
|
4.17 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.12 | |
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Common Stock Dividends Per Share Declared
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Sales Revenue Goods Net
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Other Income
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Revenues
Revenues
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Cost Of Goods Sold
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Cost Of Services
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Research And Development Expense
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Selling General And Administrative Expense
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Interest Expense
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Net Income Loss Attributable To Noncontrolling Interest
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Net Income Loss
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Earnings Per Share Basic
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Earnings Per Share Diluted
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Sales Revenue Goods Net
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Sales Revenue Services Net
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Revenues
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Research And Development Expense
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Interest Expense
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Income Tax Expense Benefit
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Net Income Loss Attributable To Noncontrolling Interest
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Net Income Loss
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Earnings Per Share Basic
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|
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Earnings Per Share Diluted
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Assets Current
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Common Stock Dividends Per Share Declared
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Common Stock Dividends Per Share Declared
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|
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Shares Outstanding Basic
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Profit Loss
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Profit Loss
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Profit Loss
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Cash Cash Equivalents And Short Term Investments
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|
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Customer Financing Assets
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Customer Financing Assets
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Goodwill
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Goodwill
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Intangible Assets Net Excluding Goodwill
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Assets
Assets
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Assets
Assets
|
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Short Term Borrowings
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|
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Short Term Borrowings
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Accrued Liabilities Current
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Long Term Debt And Capital Lease Obligations Current
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Liabilities Current
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Liabilities Current
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Long Term Debt And Capital Lease Obligations
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Long Term Debt And Capital Lease Obligations
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|
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Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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Other Liabilities Noncurrent
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Other Liabilities Noncurrent
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Liabilities
Liabilities
|
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Liabilities
Liabilities
|
39911000000 | USD |
CY2009Q4 | utx |
Other
Other
|
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Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2008Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
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Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
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CY2008Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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Common Stock Including Additional Paid In Capital
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Common Stock Including Additional Paid In Capital
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Treasury Stock Value
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Treasury Stock Value
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Unearned Esop Shares
UnearnedESOPShares
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CY2008Q4 | us-gaap |
Unearned Esop Shares
UnearnedESOPShares
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Stockholders Equity
StockholdersEquity
|
20066000000 | USD |
CY2008Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15763000000 | USD |
CY2009Q4 | us-gaap |
Minority Interest
MinorityInterest
|
933000000 | USD |
CY2008Q4 | us-gaap |
Minority Interest
MinorityInterest
|
918000000 | USD |
CY2009Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
20999000000 | USD |
CY2008Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
16681000000 | USD |
CY2009Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
55762000000 | USD |
CY2008Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
56837000000 | USD |
CY2008Q4 | utx |
Other
Other
|
-5293000000 | USD |
CY2009Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6364000000 | USD |
CY2008Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6348000000 | USD |
CY2009Q4 | us-gaap |
Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
|
389000000 | USD |
CY2008Q4 | us-gaap |
Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
|
245000000 | USD |
CY2009Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
390000000 | USD |
CY2008Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
332000000 | USD |
CY2009Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
250000 | shares |
CY2008Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
250000 | shares |
CY2009Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2008Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2009Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
4000000 | shares |
CY2008Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
4000000 | shares |
CY2009Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1381700 | shares |
CY2008Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1370054 | shares |
CY2009Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
444958 | shares |
CY2008Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
426113 | shares |
CY2008Q4 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
4327000000 | USD |
CY2009Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | USD |
CY2008Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | USD |
CY2009Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | USD |
CY2008Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | USD |
CY2009 | us-gaap |
Commitments And Contingencies2009
CommitmentsAndContingencies2009
|
  | |
CY2008 | us-gaap |
Commitments And Contingencies2009
CommitmentsAndContingencies2009
|
  | |
CY2009 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
1258000000 | USD |
CY2008 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
1321000000 | USD |
CY2009 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
451000000 | USD |
CY2008 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
45000000 | USD |
CY2009 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
153000000 | USD |
CY2008 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
211000000 | USD |
CY2009 | utx |
Increase Decrease Inventories And Contracts In Progress
IncreaseDecreaseInventoriesAndContractsInProgress
|
-695000000 | USD |
CY2008 | utx |
Increase Decrease Inventories And Contracts In Progress
IncreaseDecreaseInventoriesAndContractsInProgress
|
562000000 | USD |
CY2009 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-955000000 | USD |
CY2008 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
546000000 | USD |
CY2008 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
58000000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1104000000 | USD |
CY2008 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2336000000 | USD |
CY2009 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-762000000 | USD |
CY2008 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
91000000 | USD |
CY2009 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1356000000 | USD |
CY2008 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1210000000 | USD |
CY2009 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
3000000 | USD |
CY2008 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-35000000 | USD |
CY2009 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-582000000 | USD |
CY2008 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
843000000 | USD |
CY2009 | us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
-483000000 | USD |
CY2008 | us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
-46000000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5353000000 | USD |
CY2008 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
6161000000 | USD |
CY2009 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
826000000 | USD |
CY2008 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
1216000000 | USD |
CY2009 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
703000000 | USD |
CY2008 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
1252000000 | USD |
CY2009 | us-gaap |
Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
|
158000000 | USD |
CY2008 | us-gaap |
Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
|
337000000 | USD |
CY2009 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-358000000 | USD |
CY2009 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1100000000 | USD |
CY2008 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
3160000000 | USD |
CY2009 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-340000000 | USD |
CY2008 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-322000000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4191000000 | USD |
CY2008 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2238000000 | USD |
CY2009 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
64000000 | USD |
CY2008 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-164000000 | USD |
CY2009 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
122000000 | USD |
CY2009 | us-gaap |
Pension Contributions
PensionContributions
|
1270000000 | USD |
CY2008 | us-gaap |
Pension Contributions
PensionContributions
|
193000000 | USD |
CY2007 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
1173000000 | USD |
CY2007 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
58000000 | USD |
CY2007 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
198000000 | USD |
CY2007 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
534000000 | USD |
CY2007 | utx |
Increase Decrease Inventories And Contracts In Progress
IncreaseDecreaseInventoriesAndContractsInProgress
|
1111000000 | USD |
CY2007 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-44000000 | USD |
CY2007 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1633000000 | USD |
CY2007 | us-gaap |
Pension Contributions
PensionContributions
|
182000000 | USD |
CY2007 | us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
-497000000 | USD |
CY2007 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5330000000 | USD |
CY2007 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
1153000000 | USD |
CY2007 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
2037000000 | USD |
CY2007 | us-gaap |
Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
|
298000000 | USD |
CY2007 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
151000000 | USD |
CY2007 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3182000000 | USD |
CY2007 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
191000000 | USD |
CY2007 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1080000000 | USD |
CY2007 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2001000000 | USD |
CY2007 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-182000000 | USD |
CY2007 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1955000000 | USD |
CY2007 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
165000000 | USD |
CY2007 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
358000000 | USD |
CY2006Q4 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
2546000000 | USD |
CY2009 | us-gaap |
Interest Paid Net
InterestPaidNet
|
704000000 | USD |
CY2008 | us-gaap |
Interest Paid Net
InterestPaidNet
|
659000000 | USD |
CY2007 | us-gaap |
Interest Paid Net
InterestPaidNet
|
629000000 | USD |
CY2009 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1396000000 | USD |
CY2008 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1912000000 | USD |
CY2007 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1818000000 | USD |
CY2009 | utx |
Increase In Customer Financing Assets
IncreaseInCustomerFinancingAssets
|
171000000 | USD |
CY2008 | utx |
Increase In Customer Financing Assets
IncreaseInCustomerFinancingAssets
|
285000000 | USD |
CY2007 | utx |
Increase In Customer Financing Assets
IncreaseInCustomerFinancingAssets
|
411000000 | USD |
CY2009 | utx |
Decrease In Customer Financing Assets
DecreaseInCustomerFinancingAssets
|
80000000 | USD |
CY2008 | utx |
Decrease In Customer Financing Assets
DecreaseInCustomerFinancingAssets
|
138000000 | USD |
CY2007 | utx |
Decrease In Customer Financing Assets
DecreaseInCustomerFinancingAssets
|
272000000 | USD |
CY2009 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
37000000 | USD |
CY2008 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2248000000 | USD |
CY2007 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1032000000 | USD |
CY2009 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1012000000 | USD |
CY2008 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
48000000 | USD |
CY2007 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
330000000 | USD |
CY2009 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
342000000 | USD |
CY2008 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
163000000 | USD |
CY2007 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
415000000 | USD |
CY2008 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1423000000 | USD |
CY2007Q4 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
2904000000 | USD |
CY2009 | us-gaap |
Noncash Investing And Financing Activities Related Text
NoncashInvestingAndFinancingActivitiesRelatedText
|
Contributions of UTC Common Stock to domestic defined benefit pension plans of $0, $250 and $150 in 2009, 2008 and 2007, respectively. | |
CY2006Q4 | utx |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest Before Adjustment For Change In Accounting Standards
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestBeforeAdjustmentForChangeInAccountingStandards
|
18052000000 | USD |
CY2007 | us-gaap |
Cumulative Effect Of Initial Adoption Of Sfas158
CumulativeEffectOfInitialAdoptionOfSFAS158
|
425000000 | USD |
CY2007 | us-gaap |
Cumulative Effect Of Initial Adoption Of Fin48
CumulativeEffectOfInitialAdoptionOfFIN48
|
-19000000 | USD |
CY2007 | utx |
Cumulative Effect Of Initial Adoptionof Sfas160
CumulativeEffectOfInitialAdoptionofSFAS160
|
-114000000 | USD |
CY2006Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
18344000000 | USD |
CY2007 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
760000000 | USD |
CY2007 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
|
776000000 | USD |
CY2007 | us-gaap |
Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
|
-84000000 | USD |
CY2007 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
|
139000000 | USD |
CY2007 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
1591000000 | USD |
CY2007 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
6125000000 | USD |
CY2007 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
853000000 | USD |
CY2007 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
-2001000000 | USD |
CY2007 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
-1080000000 | USD |
CY2007 | us-gaap |
Employee Stock Ownership Plan Esop Dividends Paid To Esop
EmployeeStockOwnershipPlanESOPDividendsPaidToESOP
|
-47000000 | USD |
CY2007 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
-246000000 | USD |
CY2007 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
-6000000 | USD |
CY2007 | utx |
Other Changes In Noncontrolling Interest
OtherChangesInNoncontrollingInterest
|
-28000000 | USD |
CY2007Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
22064000000 | USD |
CY2008 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
-1989000000 | USD |
CY2008 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
|
-4153000000 | USD |
CY2008 | us-gaap |
Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
|
-59000000 | USD |
CY2008 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
|
-310000000 | USD |
CY2008 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
-6511000000 | USD |
CY2008 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-1477000000 | USD |
CY2008 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
534000000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Available For Sale Securities Tax
OtherComprehensiveIncomeAvailableForSaleSecuritiesTax
|
-66000000 | USD |
CY2008 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
-3160000000 | USD |
CY2008 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
-1210000000 | USD |
CY2008 | us-gaap |
Employee Stock Ownership Plan Esop Dividends Paid To Esop
EmployeeStockOwnershipPlanESOPDividendsPaidToESOP
|
-52000000 | USD |
CY2008 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
-305000000 | USD |
CY2008 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
-5000000 | USD |
CY2008 | utx |
Other Changes In Noncontrolling Interest
OtherChangesInNoncontrollingInterest
|
42000000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
1028000000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
|
1073000000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
|
99000000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
|
255000000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
2455000000 | USD |
CY2009 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
6617000000 | USD |
CY2009 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
618000000 | USD |
CY2009 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
-1100000000 | USD |
CY2009 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
-1356000000 | USD |
CY2009 | us-gaap |
Employee Stock Ownership Plan Esop Dividends Paid To Esop
EmployeeStockOwnershipPlanESOPDividendsPaidToESOP
|
-59000000 | USD |
CY2009 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
-329000000 | USD |
CY2009 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
-9000000 | USD |
CY2009 | utx |
Other Changes In Noncontrolling Interest
OtherChangesInNoncontrollingInterest
|
-8000000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Tax
OtherComprehensiveIncomeDefinedBenefitPlansTax
|
-569000000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Effect Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxEffectPeriodIncreaseDecrease
|
-106000000 | USD |
CY2009 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
11900000 | shares |
CY2009 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
50000000 | USD |
CY2009 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
19100000 | shares |
CY2008 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Tax
OtherComprehensiveIncomeDefinedBenefitPlansTax
|
2512000000 | USD |
CY2008 | us-gaap |
Other Comprehensive Income Available For Sale Securities Tax
OtherComprehensiveIncomeAvailableForSaleSecuritiesTax
|
41000000 | USD |
CY2008 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Effect Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxEffectPeriodIncreaseDecrease
|
127000000 | USD |
CY2008 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
5700000 | shares |
CY2008 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
32000000 | USD |
CY2008 | utx |
Common Stock Contributed To Defined Benefit Pension Plans Shares
CommonStockContributedToDefinedBenefitPensionPlansShares
|
5000000 | shares |
CY2008 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
50400000 | shares |
CY2007 | us-gaap |
Effect On Retained Earnings Accumulated Deficit Due To Change In Measurement Date Net Of Tax
EffectOnRetainedEarningsAccumulatedDeficitDueToChangeInMeasurementDateNetOfTax
|
193000000 | USD |
CY2007 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Tax
OtherComprehensiveIncomeDefinedBenefitPlansTax
|
-419000000 | USD |
CY2007 | us-gaap |
Other Comprehensive Income Available For Sale Securities Tax
OtherComprehensiveIncomeAvailableForSaleSecuritiesTax
|
50000000 | USD |
CY2007 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Effect Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxEffectPeriodIncreaseDecrease
|
-58000000 | USD |
CY2007 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
13800000 | shares |
CY2007 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
130000000 | USD |
CY2007 | utx |
Common Stock Contributed To Defined Benefit Pension Plans Shares
CommonStockContributedToDefinedBenefitPensionPlansShares
|
2300000 | shares |
CY2007 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
28300000 | shares |
CY2009 | us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
-92000000 | USD |
CY2009Q4 | utx |
Acquired Noncontrolling Interest
AcquiredNoncontrollingInterest
|
36000000 | USD |
CY2007 | utx |
Redeemable Noncontrolling Interest In Subsidiaries Earnings
RedeemableNoncontrollingInterestInSubsidiariesEarnings
|
-14000000 | USD |
CY2008 | utx |
Redeemable Noncontrolling Interest In Subsidiaries Earnings
RedeemableNoncontrollingInterestInSubsidiariesEarnings
|
-19000000 | USD |
CY2009 | utx |
Redeemable Noncontrolling Interest In Subsidiaries Earnings
RedeemableNoncontrollingInterestInSubsidiariesEarnings
|
-17000000 | USD |
CY2007 | utx |
Common Stock Contributed To Defined Benefit Pension Plans Value
CommonStockContributedToDefinedBenefitPensionPlansValue
|
150000000 | USD |
CY2008 | utx |
Common Stock Contributed To Defined Benefit Pension Plans Value
CommonStockContributedToDefinedBenefitPensionPlansValue
|
250000000 | USD |
CY2009 | utx |
Financial Instruments
FinancialInstruments
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Note </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">13</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">: </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Financial Instruments</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">We enter into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments </font><font style="font-family:Times New Roman;font-size:10pt;">under the Derivatives and Hedging Topic of the FASB ASC </font><font style="font-family:Times New Roman;font-size:10pt;">and those utilized as economic hedges. We operate internationally and, in the normal course of business, are exposed to fluctuations in interest rates, foreign exchange rates and commodity prices. These fluctuations can increase the costs of financing, investing and operating the business. We have used derivative instruments, including swaps, forward contracts and options to manage certain foreign currency, interest rate and commodity price exposures. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">By nature, all financial instruments involve market and credit risks. We enter into derivative and other financial instruments with major investment grade financial institutions and have policies to monitor the credit risk of those counterparties. We limit counterparty exposure and concentration of risk by diversifying counterparties. W</font><font style="font-family:Times New Roman;font-size:10pt;">hile there can be no assurance, w</font><font style="font-family:Times New Roman;font-size:10pt;">e do not anticipate </font><font style="font-family:Times New Roman;font-size:10pt;">any material </font><font style="font-family:Times New Roman;font-size:10pt;">non-performance by any of these counterparties. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">F</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">OREIGN CURRENCY FORWARD CONTRACTS</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">We manage our foreign currency transaction risks to acceptable limits through the use of derivatives to hedge forecasted cash flows associated with foreign currency </font><font style="font-family:Times New Roman;font-size:10pt;">transaction exposures </font><font style="font-family:Times New Roman;font-size:10pt;">which are accounted for as cash flow hedges, as deemed appropriate. To the extent these derivatives are effective in offsetting the variability of the hedged cash flows, and otherwise meet the hedge accounting criteria</font><font style="font-family:Times New Roman;font-size:10pt;"> of the Derivatives and Hedging Topic of the FASB ASC</font><font style="font-family:Times New Roman;font-size:10pt;">, changes in the derivatives' fair value are not included in current earnings but are included in </font><font style="font-family:Times New Roman;font-size:10pt;">Accumulated o</font><font style="font-family:Times New Roman;font-size:10pt;">ther </font><font style="font-family:Times New Roman;font-size:10pt;">c</font><font style="font-family:Times New Roman;font-size:10pt;">omprehensive </font><font style="font-family:Times New Roman;font-size:10pt;">loss</font><font style="font-family:Times New Roman;font-size:10pt;">. These changes in fair value will subsequently be reclassified into earnings as a component of product s</font><font style="font-family:Times New Roman;font-size:10pt;">ales</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">or expenses, as applicable, </font><font style="font-family:Times New Roman;font-size:10pt;">when the forecasted transaction occurs. </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">o</font><font style="font-family:Times New Roman;font-size:10pt;"> the extent that a previously designated hedging transaction </font><font style="font-family:Times New Roman;font-size:10pt;">is </font><font style="font-family:Times New Roman;font-size:10pt;">no longer an effective hedge, any i</font><font style="font-family:Times New Roman;font-size:10pt;">neffectiveness measured in the hedging relationship is recorded currently in earnings in the period it occurs.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">To the extent the hedge accounting criteria are not met, the foreign currency forward contracts are utilized as economic hedges and changes in the fair value of these contracts are recorded currently in earnings in the period in which they occur. These include hedges that are used</font><font style="font-family:Times New Roman;font-size:10pt;"> to reduce exchange</font><font style="font-family:Times New Roman;font-size:10pt;"> rate</font><font style="font-family:Times New Roman;font-size:10pt;"> risks arising from the change in fair value of certain foreign currency denominated assets and liabiliti</font><font style="font-family:Times New Roman;font-size:10pt;">es (i.e. payables, receivables) and other economic hedges where the hedge accounting criteria were not met.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">The four quarter rolling average of the notional amount of foreign exchange contracts hedging foreign currency transactions was </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">9</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">billion and $</font><font style="font-family:Times New Roman;font-size:10pt;">11</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;"> billion at December 31, 2009 and December 31,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2008, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">C</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">OMMODITY FORWARD CONTRACTS</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">. </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">We enter into commodity forward contracts to reduce the risk of fluctuations in the price we pay for certain commodities </font><font style="font-family:Times New Roman;font-size:10pt;">(</font><font style="font-family:Times New Roman;font-size:10pt;">for example, </font><font style="font-family:Times New Roman;font-size:10pt;">nickel) </font><font style="font-family:Times New Roman;font-size:10pt;">which are used directly in the production of our products, or are components of the products we procure to use in the production of our products. These hedges are economic hedges and the changes in fair value of these contracts are recorded currently in earnings in the period in which they occur. </font><font style="font-family:Times New Roman;font-size:10pt;">The fair value of commodity contracts were i</font><font style="font-family:Times New Roman;font-size:10pt;">nsignificant</font><font style="font-family:Times New Roman;font-size:10pt;"> for the period ended December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and 2008, respectively</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">The outstanding notional amount of contracts hedging commodity exposures was i</font><font style="font-family:Times New Roman;font-size:10pt;">nsignificant</font><font style="font-family:Times New Roman;font-size:10pt;"> at December 31, 2009 and 2008, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">The following table summarizes the fair value of derivative instruments as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="2" style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:center;border-color:#000000;min-width:138px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">Assets</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:center;border-color:#000000;min-width:43px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:center;border-color:#000000;min-width:150px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">Liabilities</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:center;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td colspan="2" style="width: 253px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: left;">(in millions of dollars)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:138px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">Balance Sheet Location</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:center;border-color:#000000;min-width:43px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:150px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">Balance Sheet Location</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:center;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td colspan="2" style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Derivatives designated as hedging instruments:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Foreign Exchange Contracts</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other Current Assets</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 107</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Accrued Liabilities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 31</font></td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Foreign Exchange Contracts</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other Assets</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 33</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other Long-Term Liabilities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4</font></td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 140</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 35</font></td></tr><tr style="height: 11px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td colspan="2" style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Derivatives not designated as hedging instruments:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Foreign Exchange Contracts</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other Current Assets</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 113</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Accrued Liabilities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 106</font></td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Foreign Exchange Contracts</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other Assets</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other Long-Term Liabilities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3</font></td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 118</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 109</font></td></tr><tr style="height: 11px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 18px"><td colspan="2" style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Total Derivative Contracts </font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 138px; text-align:left;border-color:#000000;min-width:138px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 258</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 144</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The impact on </font><font style="font-family:Times New Roman;font-size:10pt;">A</font><font style="font-family:Times New Roman;font-size:10pt;">ccumulated </font><font style="font-family:Times New Roman;font-size:10pt;">other comprehensive loss</font><font style="font-family:Times New Roman;font-size:10pt;"> from foreign exchange derivative instruments that qualified as cash flow hedges</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">period </font><font style="font-family:Times New Roman;font-size:10pt;">was as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 35px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 95px; text-align:left;border-color:#000000;min-width:95px;"> </td><td style="width: 412px; text-align:left;border-color:#000000;min-width:412px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 82px; text-align:center;border-color:#000000;min-width:82px;"> </td></tr><tr style="height: 25px"><td colspan="3" style="width: 542px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:542px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: left;">(in millions of dollars)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2009</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 542px; text-align:left;border-color:#000000;min-width:542px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Gain recorded in Accumulated other comprehensive loss</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 192</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 542px; text-align:left;border-color:#000000;min-width:542px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Loss reclassified from Accumulated other comprehensive loss into Product Sales (effective portion)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (165)</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 542px; text-align:left;border-color:#000000;min-width:542px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Loss recognized in Other Income, net on derivatives (ineffective portion)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (5)</font></td></tr><tr style="height: 6px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 95px; text-align:left;border-color:#000000;min-width:95px;"> </td><td style="width: 412px; text-align:left;border-color:#000000;min-width:412px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">Assuming current market conditions continue, of the amount recorded in </font><font style="font-family:Times New Roman;font-size:10pt;">Accumulated </font><font style="font-family:Times New Roman;font-size:10pt;">other comprehensive loss</font><font style="font-family:Times New Roman;font-size:10pt;">, a $</font><font style="font-family:Times New Roman;font-size:10pt;">97</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">million pre-tax </font><font style="font-family:Times New Roman;font-size:10pt;">gain</font><font style="font-family:Times New Roman;font-size:10pt;"> is expected to be reclassified into </font><font style="font-family:Times New Roman;font-size:10pt;">product </font><font style="font-family:Times New Roman;font-size:10pt;">sales or cost of products sold to reflect the fixed prices obtained from </font><font style="font-family:Times New Roman;font-size:10pt;">foreign exchange </font><font style="font-family:Times New Roman;font-size:10pt;">hedging within the next 12 months. Gains and losses recognized in earnings related to the discontinuance or the ineffectiveness of cash flow hedges </font><font style="font-family:Times New Roman;font-size:10pt;">w</font><font style="font-family:Times New Roman;font-size:10pt;">as</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> for the </font><font style="font-family:Times New Roman;font-size:10pt;">period </font><font style="font-family:Times New Roman;font-size:10pt;">ended December 31, 2009. </font><font style="font-family:Times New Roman;font-size:10pt;">The ineffectiveness recognized in earnings was the result of certain forecasted </font><font style="font-family:Times New Roman;font-size:10pt;">product </font><font style="font-family:Times New Roman;font-size:10pt;">sales transactions no longer occurring. </font><font style="font-family:Times New Roman;font-size:10pt;">At December 31, 2009, all derivative contracts accounted for as cash flow hedges mature by </font><font style="font-family:Times New Roman;font-size:10pt;">December 20</font><font style="font-family:Times New Roman;font-size:10pt;">14</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">The </font><font style="font-family:Times New Roman;font-size:10pt;">effect </font><font style="font-family:Times New Roman;font-size:10pt;">on </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated Statement</font><font style="font-family:Times New Roman;font-size:10pt;"> of Operations from </font><font style="font-family:Times New Roman;font-size:10pt;">foreign exchange </font><font style="font-family:Times New Roman;font-size:10pt;">contracts not designated as hedging instruments </font><font style="font-family:Times New Roman;font-size:10pt;">was as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 95px; text-align:left;border-color:#000000;min-width:95px;"> </td><td style="width: 412px; text-align:left;border-color:#000000;min-width:412px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:center;border-color:#000000;min-width:75px;"> </td></tr><tr style="height: 25px"><td colspan="3" style="width: 542px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:542px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: left;">(in millions of dollars)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2009</font></td></tr><tr style="height: 17px"><td colspan="3" style="width: 542px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:542px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Loss recognized in Other Income, net </font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (59)</font></td></tr><tr style="height: 6px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 95px; text-align:left;border-color:#000000;min-width:95px;"> </td><td style="width: 412px; text-align:left;border-color:#000000;min-width:412px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">F</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">AIR VALUE DISCLOSURE</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The </font><font style="font-family:Times New Roman;font-size:10pt;">Fair Value Measurements</font><font style="font-family:Times New Roman;font-size:10pt;"> and Disclosures</font><font style="font-family:Times New Roman;font-size:10pt;"> Topic of the FASB ASC</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">define</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> fair value, establishes a framework for measuring fair value and expands the related disclosure requirements. The </font><font style="font-family:Times New Roman;font-size:10pt;">Topic</font><font style="font-family:Times New Roman;font-size:10pt;"> indicates, among other things, that a fair value measurement assumes that the transaction to sell an asset or transfer a liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liabilit</font><font style="font-family:Times New Roman;font-size:10pt;">y</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> and also</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">define</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> fair value based upon an exit price model. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">We adopted </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">requirements of the </font><font style="font-family:Times New Roman;font-size:10pt;">Fair Value Measurements and Disclosure </font><font style="font-family:Times New Roman;font-size:10pt;">Topic </font><font style="font-family:Times New Roman;font-size:10pt;">as</font><font style="font-family:Times New Roman;font-size:10pt;"> of January 1, 2008, with the exception of the application to non-recurring nonfinancial assets and nonfinancial liabilities</font><font style="font-family:Times New Roman;font-size:10pt;">, which was delayed </font><font style="font-family:Times New Roman;font-size:10pt;">and</font><font style="font-family:Times New Roman;font-size:10pt;"> therefore adopted as of January 1, 2009. As of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, we do not have any significant non-recurring nonfinancial assets and nonfinancial liabilities. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">V</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">ALUATION HIERARCHY</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The F</font><font style="font-family:Times New Roman;font-size:10pt;">air Value Measurements and Disclosure </font><font style="font-family:Times New Roman;font-size:10pt;">Topic of the FASB ASC</font><font style="font-family:Times New Roman;font-size:10pt;"> establish</font><font style="font-family:Times New Roman;font-size:10pt;">e</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> a valuation hierarchy for disclosure of the inputs to the valuations used to measure</font><font style="font-family:Times New Roman;font-size:10pt;"> fair value. This hierarchy prioritizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, including interest rates, yield curves and credit risks, or inputs that are derived principally from or corroborated by observable market data through correlation. Level 3 inputs are unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value. A financial asset or liability's classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2008</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 60px"><td style="width: 289px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:289px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">(in millions of dollars)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Total Carrying Value at December 31, 2009</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Quoted price in active markets (Level 1)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Significant other observable inputs (Level 2)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable inputs (Level 3)</font></td></tr><tr style="height: 17px"><td style="width: 289px; text-align:left;border-color:#000000;min-width:289px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Available-for-sale securities</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 664</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 664</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 17px"><td style="width: 289px; text-align:left;border-color:#000000;min-width:289px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Derivative assets</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 258</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 258</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 17px"><td style="width: 289px; text-align:left;border-color:#000000;min-width:289px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Derivative liabilities</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 144</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 144</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 17px"><td style="width: 289px; text-align:left;border-color:#000000;min-width:289px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td></tr><tr style="height: 64px"><td style="width: 289px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:289px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">(in millions of dollars)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Total Carrying Value at December 31, 2008</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Quoted price in active markets (Level 1)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Significant other observable inputs (Level 2)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 88px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable inputs (Level 3)</font></td></tr><tr style="height: 17px"><td style="width: 289px; text-align:left;border-color:#000000;min-width:289px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Available-for-sale securities</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 317</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 317</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 17px"><td style="width: 289px; text-align:left;border-color:#000000;min-width:289px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Derivative assets</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 188</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 188</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 17px"><td style="width: 289px; text-align:left;border-color:#000000;min-width:289px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Derivative liabilities</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 680</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 680</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 17px"><td style="width: 289px; text-align:left;border-color:#000000;min-width:289px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">V</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">ALUATION TECHNIQUES</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Our available</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">for</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">sale securities include equity investments that are traded in an active market. They are measured at fair value using closing stock prices from active markets and are classified within Level 1 of the valuation hierarchy</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Our derivative assets and liabilities include foreign exchange </font><font style="font-family:Times New Roman;font-size:10pt;">and commodity </font><font style="font-family:Times New Roman;font-size:10pt;">derivatives that are measured at fair value using observable market inputs such as forward rates, interest rates, our own credit risk and our counterparties' credit risks. Based on these inputs, the derivative assets and liabilities are classified within Level 2 of the valuation hierarchy. Based on our continued ability to trade securities and enter into forward contracts, we consider the markets for our fair value instruments to be active. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, there has not been any</font><font style="font-family:Times New Roman;font-size:10pt;"> significant</font><font style="font-family:Times New Roman;font-size:10pt;"> impact to the fair value of our derivative liabilities due to our own credit risk. Similarly, there has not been any significant adverse impact to our derivative assets based on our evaluation of our counterparties' credit risks. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">The carrying amounts and fair values of financial instruments at </font><font style="font-family:Times New Roman;font-size:10pt;">December 31</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2008</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">are as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="5" style="width: 175px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:175px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="5" style="width: 175px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:175px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 34px"><td colspan="2" style="width: 353px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:353px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: left;">(in millions of dollars)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">Carrying Amount</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">Carrying Amount</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 353px; text-align:left;border-color:#000000;min-width:353px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Financial Assets and Liabilities</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Marketable equity securities</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 664</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 664</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 325</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 325</font></td></tr><tr style="height: 17px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term receivables</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 430</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 408</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 343</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 316</font></td></tr><tr style="height: 17px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Customer financing notes receivable</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 350</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 264</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 316</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 245</font></td></tr><tr style="height: 17px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Short-term borrowings</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (254)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (254)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (1,023)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (1,023)</font></td></tr><tr style="height: 17px"><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Long-term debt</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (9,442)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (10,361)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (10,408)</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (11,332)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:23.1px;">The above fair values were computed based on comparable transactions, quoted market prices, discounted future cash flows or an estimate of the amount to be received or paid to terminate or settle the agreement, as applicable. Differences from carrying amounts are attributable to interest and or credit rate changes subsequent to when the transaction occurred. The values of marketable equity securities represent our investment in common stock that is classified as available</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">for</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">sale and is accounted for at fair value.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The fair values of cash and cash equivalents, </font><font style="font-family:Times New Roman;font-size:10pt;">accounts receivable</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">net</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">short-term </font><font style="font-family:Times New Roman;font-size:10pt;">borrowings</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and accounts payable approximate the carrying amounts due to the short-term maturities of these instruments</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:7.5pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:23.1px;">We have outstanding financing and rental commitments </font><font style="font-family:Times New Roman;font-size:10pt;">totaling $</font><font style="font-family:Times New Roman;font-size:10pt;">909</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">million at December 31, 2009. Risks associated with changes in interest rates on these commitments are mitigated by the fact that interest rates are variable during the commitment term and are set at the date of funding based on current market conditions, the fair value of the underlying collateral and the credit worthiness of the customers. As a result, the fair value of these financings is expected to equal the amounts funded. The fair value of the commitment itself is not readily determinable and is not considered significant</font><font style="font-family:Times New Roman;font-size:10pt;">. Additional information pertaining to these commitments is included in Note </font><font style="font-family:Times New Roman;font-size:10pt;">4</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p> |