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44 | 2012 Annual Report
(9) Long-Term Debt
Long-term debt is summarized as follows:
2011 2012
5.75% notes due November 2011 $ 250 –
4.625% notes due October 2012 250 250
4.5% notes due May 2013 250 250
5.625% notes due November 2013 250 250
5.0% notes due December 2014 250 250
4.125% notes due April 2015 250 250
4.75% notes due October 2015 250 250
5.125% notes due December 2016 250 250
5.375% notes due October 2017 250 250
5.25% notes due October 2018 400 400
5.0% notes due April 2019 250 250
4.875% notes due October 2019 500 500
4.25% notes due November 2020 300 300
6.0% notes due August 2032 250 250
6.125% notes due April 2039 250 250
5.25% notes due November 2039 300 300
Other 103 97
Long-term debt 4,603 4,347
Less: Current maturities 279 560
Total, net $4,324 3,787
Long-term debt maturing during each of the four years after 2013 is $268, $520, $250 and $250, respectively. Total
interest paid related to short-term borrowings and long-term debt was approximately $234, $239 and $264 in 2012,
2011 and 2010, respectively.
The Company maintains a universal shelf registration statement on file with the SEC under which it could issue debt
securities, preferred stock, common stock, warrants, share purchase contracts and share purchase units without a
predetermined limit. Securities can be sold in one or more separate offerings with the size, price and terms to be
determined at the time of sale.
(10) Retirement Plans
Retirement plans expense includes the following components:
u.s. plans non-u.s. plans
2010 2011 2012 2010 2011 2012
Defined benefit plans:
Service cost (benefits earned
during the period) $ 51 52 55 24 30 27
Interest cost 175 172 172 45 50 50
Expected return on plan assets (263) (279) (275) (42) (49) (43)
Net amortization and other 122 147 168 20 22 19
Net periodic pension expense 85 92 120 47 53 53
Defined contribution plans 81 98 103 36 50 59
Total retirement plans expense $ 166 190 223 83 103 112
For defined contribution plans, expense equals cash contributed. The Company has two small businesses that partici-
pate in multiemployer pension plans. Such participation is insignificant individually and in total. The annual cost for
multiemployer plans is included in net periodic pension expense (as an element of defined contribution plans). Cash
contributed was inconsequential in all years. The Company could potentially incur immaterial liabilities upon with-
drawal from these plans, although it has no intention to do so. Additionally, as with participation in any multiemployer
plan, there is a theoretical but remote possibility the Company could incur material liabilities should all other partici-
pating employers be unable to fund their obligations.