CONSOLIDATED RESULTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Net sales	$ 6,633	$ 6,652	$ 7,540
Manufacturing, shipping, and delivery expense	(5,283)	(5,317)	(5,994)
Gross profit	1,350	1,335	1,546
Selling and administrative expense	(492)	(493)	(499)
Research, development, and engineering expense	(62)	(58)	(66)
Interest expense	(249)	(222)	(253)
Interest income	13	18	25
Equity earnings	59	53	51
Royalties and net technical assistance	16	13	18
Other income	16	11	9
Other expense	(227)	(442)	(396)
Earnings from continuing operations before income taxes	424	215	435
Provision for income taxes	(129)	(83)	(210)
Earnings from continuing operations	295	132	225
Earnings from discontinued operations	31	66	96
Gain (loss) on disposal of discontinued operations	(331)		7
Net earnings (loss)	(5)	198	328
Net earnings attributable to noncontrolling interests	(42)	(36)	(70)
Net earnings (loss) attributable to the Company	(47)	162	258
Amounts attributable to the Company:
Earnings from continuing operations	258	110	175
Earnings from discontinued operations	24	52	76
Gain (loss) on disposal of discontinued operations	(329)		7
Net earnings (loss) attributable to the Company	(47)	162	258
Amounts attributable to noncontrolling interests:
Earnings from continuing operations	37	22	50
Earnings from discontinued operations	7	14	20
Loss on disposal of discontinued operations	(2)
Net earnings	42	36	70
Basic earnings per share:
Earnings from continuing operations (in dollars per share)	$ 1.57	$ 0.65	$ 1.03
Earnings from discontinued operations (in dollars per share)	$ 0.14	$ 0.31	$ 0.46
Gain (loss) on disposal of discontinued operations (in dollars per share)	$ (2.00)		$ 0.04
Net earnings (loss) (in dollars per share)	$ (0.29)	$ 0.96	$ 1.53
Diluted earnings per share:
Earnings from continuing operations (in dollars per share)	$ 1.55	$ 0.65	$ 1.03
Earnings from discontinued operations (in dollars per share)	$ 0.14	$ 0.30	$ 0.45
Gain (loss) on disposal of discontinued operations (in dollars per share)	$ (1.97)		$ 0.04
Net earnings (loss) (in dollars per share)	$ (0.28)	$ 0.95	$ 1.52
Comprehensive income (loss), net of tax:
Net earnings (loss)	(5)	198	328
Foreign currency translation adjustments	128	200	(451)
Pension and other postretirement benefit adjustments	41	50	(979)
Change in fair value of derivative instruments	(2)	24	(33)
Total comprehensive income (loss)	162	472	(1,135)
Comprehensive income attributable to noncontrolling interests	48	7	51
Comprehensive income (loss) attributable to the Company	$ 114	$ 465	$ (1,186)

CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009
Current assets:
Cash, including time deposits of $441 ($561 in 2009)	$ 640	$ 755
Short-term investments		1
Receivables, less allowances of $40 ($37 in 2009) for losses and discounts	1,075	983
Inventories	946	889
Prepaid expenses	77	77
Assets of discontinued operations		92
Total current assets	2,738	2,797
Other assets:
Equity investments	299	114
Repair parts inventories	147	122
Prepaid pension	54	46
Other assets	588	522
Goodwill	2,821	2,381
Assets of discontinued operations		34
Total other assets	3,909	3,219
Property, plant, and equipment:
Land, at cost	288	248
Buildings and equipment, at cost:
Buildings and building equipment	1,233	1,167
Factory machinery and equipment	5,111	4,720
Transportation, office, and miscellaneous equipment	136	129
Construction in progress	248	289
Property, plant, and equipment, at cost	7,016	6,553
Less accumulated depreciation	3,909	3,842
Net property, plant, and equipment	3,107	2,711
Total assets	9,754	8,727
Current liabilities:
Short-term loans	257	300
Accounts payable	878	850
Salaries and wages	160	168
U.S. and foreign income taxes	32	38
Current portion of asbestos-related liabilities	170	175
Other accrued liabilities	485	441
Long-term debt due within one year	97	50
Liabilities of discontinued operations		12
Total current liabilities	2,079	2,034
Long-term debt	3,924	3,258
Deferred taxes	203	186
Pension benefits	576	578
Nonpension postretirement benefits	259	267
Other liabilities	381	343
Asbestos-related liabilities	306	310
Liabilities of discontinued operations		15
Commitments and contingencies
Share owners' equity of the Company:
Common stock, par value $.01 per share, 250,000,000 shares authorized, 180,808,992 and 179,923,309 shares issued (including treasury shares), respectively	2	2
Capital in excess of par value	3,040	2,942
Treasury stock, at cost, 17,093,509 and 11,322,544 shares, respectively	(412)	(217)
Retained earnings	82	129
Accumulated other comprehensive loss	(897)	(1,318)
Total share owners' equity of the Company	1,815	1,538
Noncontrolling interests	211	198
Total share owners' equity	2,026	1,736
Total liabilities and share owners' equity	$ 9,754	$ 8,727

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Dec. 31, 2010	Dec. 31, 2009
CONSOLIDATED BALANCE SHEETS
Cash, time deposits (in dollars)	$ 441	$ 561
Receivables, allowances for losses and discounts (in dollars)	$ 40	$ 37
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	180,808,992	179,923,309
Treasury stock, shares	17,093,509	11,322,544

CONSOLIDATED SHAREHOLDERS' EQUITY (USD $) In Millions, unless otherwise specified	Total	Convertible Preferred Stock	Common Stock	Capital in Excess of Par Value	Treasury Stock	Retained Earnings (Loss)	Accumulated Other Comprehensive Loss	Non-controlling Interests
Balance at Dec. 31, 2007	$ 2,438	$ 452	$ 2	$ 2,420	$ (225)	$ (286)	$ (177)	$ 252
Increase (Decrease) in Stockholders' Equity
Issuance of common stock (0.9, 1.2 and 1.1 million shares for years ended 2010, 2009 and 2008, respectively)	15			15
Reissuance of common stock (0.2, 0.2 and 0.2 million shares for years ended 2010, 2009 and 2008, respectively)	6			3	3
Convertible preferred stock redemption		(452)		452
Stock compensation	24			24
Comprehensive income:
Net earnings (loss)	328					258		70
Foreign currency translation adjustments	(451)						(432)	(19)
Pension and other postretirement benefit adjustments, net of tax	(979)						(979)
Change in fair value of derivative instruments, net of tax	(33)						(33)
Dividends paid to noncontrolling interests on subsidiary common stock	(50)							(50)
Dividends paid on convertible preferred stock	(5)					(5)
Balance at Dec. 31, 2008	1,293		2	2,914	(222)	(33)	(1,621)	253
Increase (Decrease) in Stockholders' Equity
Issuance of common stock (0.9, 1.2 and 1.1 million shares for years ended 2010, 2009 and 2008, respectively)	7			7
Reissuance of common stock (0.2, 0.2 and 0.2 million shares for years ended 2010, 2009 and 2008, respectively)	6			1	5
Stock compensation	20			20
Comprehensive income:
Net earnings (loss)	198					162		36
Foreign currency translation adjustments	200						229	(29)
Pension and other postretirement benefit adjustments, net of tax	50						50
Change in fair value of derivative instruments, net of tax	24						24
Dividends paid to noncontrolling interests on subsidiary common stock	(62)							(62)
Balance at Dec. 31, 2009	1,736		2	2,942	(217)	129	(1,318)	198
Increase (Decrease) in Stockholders' Equity
Issuance of common stock (0.9, 1.2 and 1.1 million shares for years ended 2010, 2009 and 2008, respectively)	5			5
Reissuance of common stock (0.2, 0.2 and 0.2 million shares for years ended 2010, 2009 and 2008, respectively)	5			1	4
Treasury shares purchased (6 million shares)	(199)				(199)
Issuance of exchangeable notes	91			91
Stock compensation	11			11
Comprehensive income:
Net earnings (loss)	(5)					(47)		42
Foreign currency translation adjustments	128						122	6
Pension and other postretirement benefit adjustments, net of tax	41						41
Change in fair value of derivative instruments, net of tax	(2)						(2)
Noncontrolling interests' share of acquisition	12							12
Acquisition of noncontrolling interest	(18)			(10)				(8)
Dividends paid to noncontrolling interests on subsidiary common stock	(25)							(25)
Disposal of Venezeulan operations	246						260	(14)
Balance at Dec. 31, 2010	$ 2,026		$ 2	$ 3,040	$ (412)	$ 82	$ (897)	$ 211

CONSOLIDATED SHARE OWNERS' EQUITY (Parenthetical) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
CONSOLIDATED SHARE OWNERS' EQUITY
Issuance of common stock, shares	0.9	1.2	1.1
Reissuance of common stock, shares	0.2	0.2	0.2
Treasury shares purchased, shares	6

CONSOLIDATED CASH FLOWS (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Operating activities:
Net earnings			$ (5)	$ 198	$ 328
Earnings from discontinued operations			(31)	(66)	(96)
(Gain) loss on disposal of discontinued operations			331		(7)
Non-cash charges (credits):
Depreciation			369	364	420
Amortization of intangibles and other deferred items			22	21	29
Amortization of finance fees and debt discount			19	10	8
Deferred tax benefit			(56)	52	21
Non-cash tax benefit			(8)	(48)
Restructuring and asset impairment			13	207	133
Charges for acquisition-related costs			26
Future asbestos-related costs	180	250	170	180	250
Other			142	61	63
Asbestos-related payments			(179)	(190)	(210)
Cash paid for restructuring activities			(61)	(65)	(49)
Change in non-current operating assets			(19)	28	8
Reduction of non-current liabilities			(62)	(179)	(90)
Change in components of working capital			(71)	156	(148)
Cash provided by continuing operating activities			600	729	660
Cash provided by (utilized in) discontinued operating activities			(8)	71	97
Total cash provided by operating activities			592	800	757
Investing activities:
Additions to property, plant, and equipment - continuing			(500)	(407)	(340)
Additions to property, plant, and equipment - discontinued			(3)	(21)	(22)
Acquisitions, net of cash acquired			(817)	(5)
Net cash proceeds related to sale of assets and other			6	15	(15)
Cash utilized in investing activities			(1,314)	(418)	(377)
Financing activities:
Additions to long-term debt			1,392	1,080	686
Repayments of long-term debt			(573)	(832)	(945)
Decrease in short-term loans - continuing			(39)	(85)	(21)
Increase in short-term loans - discontinued			(2)	6
Net receipts (payments) for hedging activity			21	14	(45)
Payment of finance fees			(33)	(14)
Dividends paid to noncontrolling interests - continuing			(25)	(35)	(40)
Dividends paid to noncontrolling interests - discontinued				(27)	(10)
Convertible preferred stock dividends					(5)
Treasury shares purchased			(199)
Issuance of common stock and other			5	7	15
Cash provided by (utilized in) financing activities			547	114	(365)
Effect of exchange rate fluctuations on cash			3	(64)	(23)
Increase (decrease) in cash			(172)	432	(8)
Cash at beginning of year			812	380	388
Cash at end of year	812	380	640	812	380
Cash - discontinued operations	57	155		57	155
Cash - continuing operations	$ 755	$ 225	$ 640	$ 755	$ 225

Significant Accounting Policies

12 Months Ended

Dec. 31, 2010

Significant Accounting Policies

Significant Accounting Policies

1. Significant Accounting Policies

Basis of Consolidated Statements The consolidated financial statements of Owens-Illinois, Inc. ("Company") include the accounts of its subsidiaries. Newly acquired subsidiaries have been included in the consolidated financial statements from dates of acquisition. Results of operations for the Company's Venezuelan subsidiaries expropriated in 2010 have been presented as a discontinued operation.

The Company uses the equity method of accounting for investments in which it has a significant ownership interest, generally 20% to 50%. Other investments are accounted for at cost. The Company monitors other than temporary declines in fair value and records reductions in carrying values when appropriate.

Nature of Operations The Company is a leading manufacturer of glass container products. The Company's principal product lines are glass containers for the food and beverage industries. The Company has glass container operations located in 21 countries. The principal markets and operations for the Company's products are in Europe, North America, South America, and Asia Pacific.

Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management of the Company to make estimates and assumptions that affect certain amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates, at which time the Company would revise its estimates accordingly. For further information on certain of the Company's significant estimates relative to contingent liabilities, see Note 18.

Cash The Company defines "cash" as cash and time deposits with maturities of three months or less when purchased. Outstanding checks in excess of funds on deposit are included in accounts payable.

Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Generally accepted accounting principles defined a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1:    Observable inputs such as quoted prices in active markets;

Level 2:    Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and

Level 3:    Unobservable inputs for which there is little or no market data, which requires the Company to develop assumptions.

The carrying amounts reported for cash, short-term investments and short-term loans approximate fair value. In addition, carrying amounts approximate fair value for certain long-term debt obligations subject to frequently redetermined interest rates. Fair values for the Company's significant fixed rate debt obligations are generally based on published market quotations.

The Company's derivative assets and liabilities consist of interest rate swaps, natural gas forwards, and foreign exchange option and forward contracts. The Company uses an income approach to valuing these contracts. Interest rate yield curves, natural gas forward rates, and foreign exchange rates are the significant inputs into the valuation models. These inputs are observable in active markets over the terms of the instruments the Company holds, and accordingly, the Company classifies its derivative assets and liabilities as Level 2 in the hierarchy. The Company also evaluates counterparty risk in determining fair values.

Derivative Instruments The Company uses currency swaps, interest rate swaps, options, and commodity futures contracts to manage risks generally associated with foreign exchange rate, interest rate and commodity market volatility. Derivative financial instruments are included on the balance sheet at fair value. Whenever possible, derivative instruments are designated as and are effective as hedges, in accordance with accounting principles generally accepted in the United States. If the underlying hedged transaction ceases to exist, all changes in fair value of the related derivatives that have not been settled are recognized in current earnings. The Company does not enter into derivative financial instruments for trading purposes and is not a party to leveraged derivatives. Cash flows from fair value hedges of debt and short-term forward exchange contracts are classified as a financing activity. Cash flows of currency swaps, interest rate swaps, and commodity futures contracts are classified as operating activities. See Note 9 for additional information related to derivative instruments.

Inventory Valuation The Company values most U.S. inventories at the lower of last-in, first-out (LIFO) cost or market. Other inventories are valued at the lower of standard costs (which approximate average costs) or market.

Goodwill Goodwill represents the excess of cost over fair value of assets of businesses acquired. Goodwill is evaluated annually, as of October 1, for impairment or more frequently if an impairment indicator exists.

Intangible Assets and Other Long-Lived Assets Intangible assets are amortized over the expected useful life of the asset. Amortization expense directly attributed to the manufacturing of the Company's products is included in manufacturing, shipping, and delivery. Amortization expense related to non-manufacturing activities is included in selling and administrative and other. The Company evaluates the recoverability of intangible assets and other long-lived assets based on undiscounted projected cash flows, excluding interest and taxes, when factors indicate that impairment may exist. If impairment exists, the asset is written down to fair value.

Property, Plant, and Equipment Property, plant, and equipment ("PP&E") is carried at cost and includes expenditures for new facilities and equipment and those costs which substantially increase the useful lives or capacity of existing PP&E. In general, depreciation is computed using the straight-line method and recorded over the estimated useful life of the asset. Factory machinery and equipment is depreciated over periods ranging from 5 to 25 years with the majority of such assets (principally glass-melting furnaces and forming machines) depreciated over 7-15 years. Buildings and building equipment are depreciated over periods ranging from 10 to 50 years. Depreciation expense directly attributed to the manufacturing of the Company's products is included in manufacturing, shipping, and delivery. Depreciation expense related to non-manufacturing activities is included in selling and administrative. Depreciation expense includes the amortization of assets recorded under capital leases. Maintenance and repairs are expensed as incurred. Costs assigned to PP&E of acquired businesses are based on estimated fair values at the date of acquisition. The Company evaluates the recoverability of property, plant, and equipment based on undiscounted projected cash flows, excluding interest and taxes, when factors indicate that impairment may exist. If impairment exists, the asset is written down to fair value.

Revenue Recognition The Company recognizes sales, net of estimated discounts and allowances, when the title to the products and risk of loss are transferred to customers. Provisions for rebates to customers are provided in the same period that the related sales are recorded.

Shipping and Handling Costs Shipping and handling costs are included with manufacturing, shipping, and delivery costs in the Consolidated Results of Operations.

Income Taxes on Undistributed Earnings In general, the Company plans to continue to reinvest the undistributed earnings of foreign subsidiaries and foreign corporate joint ventures accounted for by the equity method. Accordingly, taxes are provided only on that amount of undistributed earnings in excess of planned reinvestments.

Foreign Currency Translation The assets and liabilities of substantially all subsidiaries and associates are translated at current exchange rates and any related translation adjustments are recorded directly in share owners' equity.

Accounts Receivable Receivables are stated at amounts estimated by management to be the net realizable value. The Company charges off accounts receivable when it becomes apparent based upon age or customer circumstances that amounts will not be collected.

Allowance for Doubtful Accounts The allowance for doubtful accounts is established through charges to the provision for bad debts. The Company evaluates the adequacy of the allowance for doubtful accounts on a periodic basis. The evaluation includes historical trends in collections and write-offs, management's judgment of the probability of collecting accounts and management's evaluation of business risk.

Stock Options and Other Stock-Based Compensation The Company has five non-qualified plans, which are described more fully in Note 13. Costs resulting from all share-based payment transactions are required to be recognized in the financial statements. A public entity is required to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. That cost is recognized over the required service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the required service.

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:

	2010	2009	2008

Range of expected lives of options (years)	4.75	4.75	4.75
Range of expected stock price volatilities	52.4% - 53.9%	42.0% - 52.0%	29.0% - 39.8%
Weighted average expected stock price volatilities	53.3%	46.3%	31.4%
Range of risk-free interest rates	1.2% - 2.5%	1.3% - 2.1%	1.5% - 3.7%
Expected dividend yield	0.0%	0.0%	0.0%

The expected life of options is based on the assumption that, on average, options will be exercised at the mid-point between the vesting date and the expiration date. This assumption is used due to the lack of exercise experience under the Company's current stock option plan. The expected stock price volatility is determined by reference to historical prices over a period equal to the expected life.

The fair value of other equity awards, consisting of restricted shares and performance vested restricted share units, is equal to the quoted market value at the time of grant.

Earnings Per Share

12 Months Ended

Dec. 31, 2010

Earnings Per Share

Earnings Per Share

2. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

Years ended December 31,			2010			2009			2008

Numerator:
	Net earnings (loss) attributable to the Company		$	(47	)	$	162		$	258
	Convertible preferred stock dividends									(5	)
	Net earnings attributable to participating securities			—			(1	)		(3	)

	Numerator for basic earnings per share—income available to common share owners		$	(47	)	$	161		$	250

Denominator (in thousands):
	Denominator for basic earnings per share—weighted average shares outstanding			164,271			167,687			163,178
	Effect of dilutive securities:
		Convertible preferred stock								2,147
		Stock options and other		2,807			2,853			4,352

	Denominator for diluted earnings per share—adjusted weighted average shares and assumed exchanges of preferred stock for common stock			167,078			170,540			169,677

Basic earnings per share:
	Earnings from continuing operations		$	1.57		$	0.65		$	1.03
	Earnings from discontinued operations			0.14			0.31			0.46
	Gain (loss) on disposal of discontinued operations			(2.00	)					0.04

		Net earnings (loss)	$	(0.29	)	$	0.96		$	1.53

Diluted earnings per share:
	Earnings from continuing operations		$	1.55		$	0.65		$	1.03
	Earnings from discontinued operations			0.14			0.30			0.45
	Gain (loss) on disposal of discontinued operations			(1.97	)					0.04

		Net earnings (loss)	$	(0.28	)	$	0.95		$	1.52

The convertible preferred stock was included in the computation of diluted earnings per share for 2008, to the extent outstanding during 2008 on an "if converted" basis since the result was dilutive. For purposes of this computation, the preferred stock dividends were not subtracted from the numerator. Options to purchase 687,353, 994,834, and 241,711 weighted average shares of common stock which were outstanding during 2010, 2009, and 2008, respectively, were not included in the computation of diluted earnings per share because the options' exercise price was greater than the average market price of the common shares.

The 2015 Exchangeable Notes have a dilutive effect only in those periods in which the Company's average stock price exceeds the exchange price of $47.47 per share. For the year ended December 31, 2010, the Company's average stock price did not exceed the exchange price. Therefore, the potentially issuable shares resulting from the settlement of the 2015 Exchangeable Notes were not included in the calculation of diluted earnings per share. See Note 6 for additional information on the 2015 Exchangeable Notes.

Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2010

Supplemental Cash Flow Information.

Supplemental Cash Flow Information

3. Supplemental Cash Flow Information

Changes in the components of working capital related to operations (net of the effects related to acquisitions and divestitures) were as follows:

		2010			2009			2008

Decrease (increase) in current assets:
	Receivables	$	(60	)	$	(12	)	$	75
	Inventories		(29	)		152			(64	)
	Prepaid expenses and other		9			(23	)		45
Increase (decrease) in current liabilities:
	Accounts payable		17			29			(65	)
	Accrued liabilities		(3	)		(20	)		(51	)
	Salaries and wages		(13	)		20			(39	)
	U.S. and foreign income taxes		8			10			(49	)

		$	(71	)	$	156		$	(148	)

Interest paid in cash, including note repurchase premiums in 2010 and 2009, aggregated $229 million for 2010, $195 million for 2009, and $252 million for 2008.

Income taxes paid (received) in cash were as follows:

	2010		2009			2008

U.S.—continuing	$	2	$	(2	)	$	(1	)
Non-U.S.—continuing		123		147			154
Non-U.S.—discontinued operations		7		49			8

	$	132	$	194		$	161

Inventories

12 Months Ended

Dec. 31, 2010

Inventories.

Inventories

4. Inventories

Major classes of inventory are as follows:

	2010		2009

Finished goods	$	786	$	734
Raw materials		106		104
Operating supplies		54		51

	$	946	$	889

If the inventories which are valued on the LIFO method had been valued at standard costs, which approximate current costs, consolidated inventories would be higher than reported by $39 million and $43 million at December 31, 2010 and 2009, respectively.

Inventories which are valued at the lower of standard costs (which approximate average costs) or market at December 31, 2010 and 2009 were approximately $835 million and $762 million, respectively.

Equity Investments

12 Months Ended

Dec. 31, 2010

Equity Investments

Equity Investments

5. Equity Investments

Summarized information pertaining to the Company's equity associates follows:

				2010		2009		2008

For the year:
	Equity in earnings:
		Non-U.S.		$	20	$	13	$	14
		U.S.			39		40		37

			Total	$	59	$	53	$	51

	Dividends received			$	62	$	34	$	25

Summarized combined financial information for equity associates is as follows (unaudited):

			2010		2009

At end of year:
	Current assets		$	271	$	218
	Non-current assets			552		314

		Total assets		823		532
	Current liabilities			148		138
	Other liabilities and deferred items			174		146

		Total liabilities and deferred items		322		284

	Net assets		$	501	$	248

		2010		2009		2008

For the year:
	Net sales	$	731	$	549	$	636

	Gross profit	$	227	$	200	$	228

	Net earnings	$	162	$	158	$	154

The Company's significant equity method investments include: (1) 50% of the common shares of Vetri Speciali SpA, a specialty glass manufacturer; (2) a 25% partnership interest in General Chemical Soda Ash (Partners), a soda ash supplier; (3) a 50% partnership interest in Rocky Mountain Bottle Company, a glass container manufacturer; and (4) a 50% partnership interest in BJC O-I Glass Pte. Ltd., a glass container manufacturer.

There is a difference for certain of the investments between the amount at which the investment is carried and the amount of underlying equity in net assets. The portion of the difference related to inventory or amortizable assets is amortized as a reduction of the equity earnings. The remaining difference is considered goodwill.

- Definition

Equity investment disclosure, or group of investments for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20% of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

+ References+ Details

Debt

12 Months Ended

Dec. 31, 2010

Debt

Debt

6. Debt

The following table summarizes the long-term debt of the Company at December 31, 2010 and 2009:

			2010		2009

Secured Credit Agreement:
	Revolving Credit Facility:
		Revolving Loans	$	—	$	—
	Term Loans:
		Term Loan A (90 million AUD at Dec. 31, 2010)		92		144
		Term Loan B		190		190
		Term Loan C (111 million CAD at Dec. 31, 2010)		111		105
		Term Loan D (€190 million at Dec. 31, 2010)		253		274
Senior Notes:
	8.25%, due 2013					460
	6.75%, due 2014			400		400
	6.75%, due 2014 (€225 million)			300		325
	3.00%, Exchangeable, due 2015			607
	7.375%, due 2016			585		582
	6.875%, due 2017 (€300 million)			401		433
	6.75%, due 2020 (€500 million)			668
Senior Debentures:
	7.50%, due 2010					28
	7.80%, due 2018			250		250
Other				164		117

Total long-term debt				4,021		3,308
	Less amounts due within one year			97		50

		Long-term debt	$	3,924	$	3,258

On June 14, 2006, the Company's subsidiary borrowers entered into the Secured Credit Agreement (the "Agreement"). At December 31, 2010, the Agreement included a $900 million revolving credit facility, a 90 million Australian dollar term loan, and a 111 million Canadian dollar term loan, each of which has a final maturity date of June 15, 2012. It also included a $190 million term loan and a €190 million term loan, each of which has a final maturity date of June 14, 2013. During 2010, the Company's subsidiary borrowers repaid 70 million Australian dollars of term loans under the Agreement. At December 31, 2010 the Company's subsidiary borrowers had unused credit of $732 million available under the Agreement.

The Agreement contains various covenants that restrict, among other things and subject to certain exceptions, the ability of the Company to incur certain liens, make certain investments and acquisitions, become liable under contingent obligations in certain defined instances only, make restricted junior payments, make certain asset sales within guidelines and limits, make capital expenditures beyond a certain threshold, engage in material transactions with shareholders and affiliates, participate in sale and leaseback financing arrangements, alter its fundamental business, amend certain outstanding debt obligations, and prepay certain outstanding debt obligations.

The Agreement also contains one financial maintenance covenant, a Leverage Ratio, that requires the Company not to exceed a ratio calculated by dividing consolidated total debt, less cash and cash equivalents, by Consolidated Adjusted EBITDA, as defined in the Agreement. The Leverage Ratio could restrict the ability of the Company to undertake additional financing to the extent that such financing would cause the Leverage Ratio to exceed the specified maximum.

Failure to comply with these covenants and restrictions could result in an event of default under the Agreement. In such an event, the Company could not request borrowings under the revolving facility, and all amounts outstanding under the Agreement, together with accrued interest, could then be declared immediately due and payable. If an event of default occurs under the Agreement and the lenders cause all of the outstanding debt obligations under the Agreement to become due and payable, this would result in a default under a number of other outstanding debt securities and could lead to an acceleration of obligations related to these debt securities. A default or event of default under the Agreement, indentures or agreements governing other indebtedness could also lead to an acceleration of debt under other debt instruments that contain cross acceleration or cross-default provisions.

The leverage ratio also determines pricing under the Agreement. The interest rate on borrowings under the Agreement is, at the Company's option, the Base Rate or the Eurocurrency Rate, as defined in the Agreement. These rates include a margin linked to the leverage ratio and the borrowers' senior secured debt rating. The margins range from 0.875% to 1.75% for Eurocurrency Rate loans and from -0.125% to 0.75% for Base Rate loans. In addition, a facility fee is payable on the revolving credit facility commitments ranging from 0.20% to 0.50% per annum linked to the leverage ratio. The weighted average interest rate on borrowings outstanding under the Agreement at December 31, 2010 was 2.67%. As of December 31, 2010, the Company was in compliance with all covenants and restrictions in the Agreement. In addition, the Company believes that it will remain in compliance and that its ability to borrow funds under the Agreement will not be adversely affected by the covenants and restrictions.

Borrowings under the Agreement are secured by substantially all of the assets of the Company's domestic subsidiaries and certain foreign subsidiaries, which have a book value of approximately $2.6 billion. Borrowings are also secured by a pledge of intercompany debt and equity in most of the Company's domestic subsidiaries and stock of certain foreign subsidiaries. All borrowings under the agreement are guaranteed by substantially all domestic subsidiaries of the Company for the term of the Agreement.

During May 2010, a subsidiary of the Company issued exchangeable senior notes with a face value of $690 million due June 1, 2015 ("2015 Exchangeable Notes"). The 2015 Exchangeable Notes bear interest at 3.00% and are guaranteed by substantially all of the Company's domestic subsidiaries. The net proceeds, after deducting debt issuance costs, totaled approximately $672 million.

Upon exchange of the 2015 Exchangeable Notes, under the terms outlined below, the issuer of the 2015 Exchangeable Notes is required to settle the principal amount in cash and the Company is required to settle the exchange premium in shares of the Company's common stock. The exchange premium is calculated as the value of the Company's common stock in excess of the initial exchange price of approximately $47.47 per share, which is equivalent to an exchange rate of 21.0642 per $1,000 principal amount of the 2015 Exchangeable Notes. The exchange rate may be adjusted upon the occurrence of certain events, such as certain distributions, dividends or issuances of cash, stock, options, warrants or other property or effecting a share split, or a significant change in the ownership or structure of the Company, such as a recapitalization or reclassification of the Company's common stock, a merger or consolidation involving the Company or the sale or conveyance to another person of all or substantially all of the property and assets of the Company and its subsidiaries substantially as an entirety.

Prior to March 1, 2015, the 2015 Exchangeable Notes may be exchanged only if (1) the price of the Company's common stock exceeds $61.71 (130% of the exchange price) for a specified period of time, (2) the trading price of the 2015 Exchangeable Notes falls below 98% of the average exchange value of the 2015 Exchangeable Notes for a specified period of time (trading price was 157% of exchange value at December 31, 2010), or (3) upon the occurrence of specified corporate transactions. The 2015 Exchangeable Notes may be exchanged without restrictions on or after March 1, 2015. As of December 31, 2010, the 2015 Exchangeable Notes are not exchangeable by the holders.

The value of the exchange feature of the 2015 Exchangeable Notes was computed using the Company's non-exchangeable debt borrowing rate at the date of issuance of 6.15% and was accounted for as a debt discount and a corresponding increase to share owners' equity. The carrying values of the liability and equity components at December 31, 2010 are as follows:


Principal amount of exchangeable notes	$	690
Unamortized discount on exchangeable notes		83

Net carrying amount of liability component	$	607

Carrying amount of equity component	$	93

The debt discount is being amortized over the life of the 2015 Exchangeable Notes. The amount of interest expense recognized on the 2015 Exchangeable Notes for the year ended December 31, 2010 is as follows:


Contractual coupon interest	$	14
Amortization of discount on exchangeable notes		10

Total interest expense	$	24

During June 2010, a subsidiary of the Company redeemed all $450 million of the 8.25% senior notes due 2013. During the second quarter of 2010, the Company recorded $9 million of additional interest charges for note repurchase premiums and the related write-off of unamortized finance fees. In addition, the Company recorded a reduction of interest expense of $9 million during the second quarter of 2010 to recognize the unamortized proceeds from terminated interest rate swaps on these notes.

During September 2010, a subsidiary of the Company issued senior notes with a face value of €500 million due September 15, 2020. The notes bear interest at 6.75% and are guaranteed by substantially all of the Company's domestic subsidiaries. The net proceeds, after deducting debt issuance costs, totaled approximately $625 million.

During October 2006, the Company entered into a €250 million European accounts receivable securitization program. The program extends through October 2011, subject to annual renewal of backup credit lines. In addition, the Company participated in a receivables financing program in the Asia Pacific region with a revolving funding commitment of 10 million New Zealand dollars. This program expired in October 2010.

Information related to the Company's accounts receivable securitization program as of December 31, 2010 and 2009 is as follows:

	2010			2009

Balance (included in short-term loans)	$	247		$	289
Weighted average interest rate		2.40	%		2.52	%

The Company capitalized $24 million and $17 million in 2010 and 2009, respectively, under capital lease obligations with the related financing recorded as long term debt. These amounts are included in other in the long-term debt table above.

Annual maturities for all of the Company's long-term debt through 2015 are as follows: 2011, $97 million; 2012, $203 million; 2013, $459 million; 2014, $720 million; and 2015, $705 million.

Fair values at December 31, 2010, of the Company's significant fixed rate debt obligations were as follows:

		Principal Amount (millions of dollars)			Fair Value (millions of dollars)

Senior Notes:
	6.75%, due 2014	$	400	102.50	$	410
	6.75%, due 2014 (€225 million)		300	102.25		307
	3.00%, Exchangeable, due 2015		690	101.24		699
	7.375%, due 2016		600	107.84		647
	6.875%, due 2017 (€300 million)		401	103.98		417
	6.75%, due 2020 (€500 million)		668	101.20		676
Senior Debentures:
	7.80%, due 2018		250	107.34		268

Operating Leases

12 Months Ended

Dec. 31, 2010

Operating Leases

Operating Leases

7. Operating Leases

Rent expense attributable to all warehouse, office buildings and equipment operating leases was $115 million in 2010, $110 million in 2009, and $99 million in 2008. Minimum future rentals under operating leases are as follows: 2011, $60 million; 2012, $48 million; 2013, $35 million; 2014, $23 million; 2015, $18 million; and 2016 and thereafter, $20 million.

- Definition

General description of lessee's leasing arrangements including: (1) The basis on which contingent rental payments are determined, (2) The existence and terms of renewal or purchase options and escalation clauses, (3) Restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) Rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References+ Details

Foreign Currency Transactions

12 Months Ended

Dec. 31, 2010

Foreign Currency Transactions

Foreign Currency Transactions

8. Foreign Currency Transactions

Aggregate foreign currency exchange gains (losses) included in other expense were $(3) million in 2010, $(1) million in 2009, and $10 million in 2008.

Derivative Instruments

12 Months Ended

Dec. 31, 2010

Derivative Instruments

Derivative Instruments

9. Derivative Instruments

The Company has certain derivative assets and liabilities which consist of interest rate swaps, natural gas forwards, and foreign exchange option and forward contracts. The Company uses an income approach to value these contracts. Interest rate yield curves, natural gas forward rates, and foreign exchange rates are the significant inputs into the valuation models. These inputs are observable in active markets over the terms of the instruments the Company holds, and accordingly, the Company classifies its derivative assets and liabilities as Level 2 in the hierarchy. The Company also evaluates counterparty risk in determining fair values.

Interest Rate Swaps Designated as Fair Value Hedges

In the fourth quarter of 2003 and the first quarter of 2004, the Company entered into a series of interest rate swap agreements with a total notional amount of $700 million that were to mature in 2010 and 2013. The swaps were executed in order to: (i) convert a portion of the senior notes and senior debentures fixed-rate debt into floating-rate debt; (ii) maintain a capital structure containing appropriate amounts of fixed and floating-rate debt; and (iii) reduce net interest payments and expense in the near-term.

The Company's fixed-to-floating interest rate swaps were accounted for as fair value hedges. Because the relevant terms of the swap agreements matched the corresponding terms of the notes, there was no hedge ineffectiveness. Accordingly, the Company recorded the net of the fair market values of the swaps as a long-term asset (liability) along with a corresponding net increase (decrease) in the carrying value of the hedged debt.

For derivative instruments that are designated and qualify as fair value hedges, the change in the fair value of the derivative instrument related to the future cash flows (gain or loss on the derivative) as well as the offsetting change in the fair value of the hedged item attributable to the hedged risk are recognized in current earnings. The Company includes the gain or loss on the hedged items (i.e. long-term debt) in the same line item (interest expense) as the offsetting loss or gain on the related interest rate swaps.

During the second quarter of 2009, the Company completed a tender offer for its $250 million senior debentures due 2010. As a result of the tender offer, the Company extinguished $222 million of the senior debentures and terminated the related interest rate swap agreements for proceeds of $5 million. The Company recognized $4 million of the proceeds as a reduction to interest expense upon the termination of the interest rate swap agreements, while the remaining proceeds were recognized as a reduction to interest expense over the remaining life of the outstanding senior debentures, which matured in May 2010.

During the second quarter of 2009, the Company's interest rate swaps related to the $450 million senior notes due 2013 were terminated. The Company received proceeds of $12 million which were recorded as an adjustment to debt and were to be recognized as a reduction to interest expense over the remaining life of the senior notes due 2013. During the second quarter of 2010, a subsidiary of the Company redeemed the senior notes due 2013. Accordingly, the remaining unamortized proceeds from the terminated interest rate swaps were recognized in the second quarter as a reduction to interest expense. See Note 6 for additional information.

The effect of the interest rate swaps on the results of operations for the years ended December 31, 2010, 2009 and 2008 is as follows:

	Amount of Gain (Loss) Recognized in Interest Expense

	2010		2009			2008
Interest rate swaps	$	—	$	(11	)	$	26
Related long-term debt				11			(26	)
Proceeds recognized and amortized for terminated interest rate swaps		10		7

Net impact on interest expense	$	10	$	7		$	—

Commodity Futures Contracts Designated as Cash Flow Hedges

The Company enters into commodity futures contracts related to forecasted natural gas requirements, the objectives of which are to limit the effects of fluctuations in the future market price paid for natural gas and the related volatility in cash flows. The Company continually evaluates the natural gas market and related price risk and periodically enters into commodity futures contracts in order to hedge a portion of its usage requirements over that period. At December 31, 2010 and 2009, the Company had entered into commodity futures contracts covering approximately 8,900,000 MM BTUs and 4,800,000 MM BTUs, respectively.

The Company accounts for the above futures contracts as cash flow hedges at December 31, 2010 and recognizes them on the balance sheet at fair value. The effective portion of changes in the fair value of a derivative that is designated as, and meets the required criteria for, a cash flow hedge is recorded in the Accumulated Other Comprehensive Income component of share owners' equity ("OCI") and reclassified into earnings in the same period or periods during which the underlying hedged item affects earnings. At December 31, 2010 and 2009, an unrecognized loss of $3 million and $1 million, respectively, related to the commodity futures contracts was included in Accumulated OCI, and will be reclassified into earnings over the next twelve to twenty-four months. Any material portion of the change in the fair value of a derivative designated as a cash flow hedge that is deemed to be ineffective is recognized in current earnings. The ineffectiveness related to these natural gas hedges for the year ended December 31, 2010 and 2009 was not material.

The effect of the commodity futures contracts on the results of operations for the years ended December 31, 2010, 2009 and 2008 is as follows:

Amount of Loss Recognized in OCI on Commodity Futures Contracts (Effective Portion)								Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (reported in manufacturing, shipping, and delivery) (Effective Portion)

2010		2009			2008			2010			2009			2008
$(11	)	$	(24	)	$	(27	)	$	(9	)	$	(61	)	$	6

Senior Notes Designated as Net Investment Hedge

During December 2004, a U.S. subsidiary of the Company issued Senior Notes totaling €225 million. These notes were designated by the Company's subsidiary as a hedge of a portion of its net investment in a non-U.S. subsidiary with a Euro functional currency. Because the amount of the Senior Notes matches the hedged portion of the net investment, there is no hedge ineffectiveness. Accordingly, the Company recorded the impact of changes in the foreign currency exchange rate on the Euro-denominated notes in OCI. The amount recorded in OCI will be reclassified into earnings when the Company sells or liquidates its net investment in the non-U.S. subsidiary.

The effect of the net investment hedge on the results of operations for the years ended December 31, 2010, 2009 and 2008 is as follows:

									Amount of Gain (Loss) Reclassified from Accumulated OCI into Income

Amount of Gain (Loss) Recognized in OCI
Amount of Gain (Loss) Recognized in OCI							Location of Gain (Loss) Reclassified from Accumulated OCI into Income
2010		2009			2008				2010		2009		2008
$	24	$	(9	)	$	15		N/A	$	—	$	—	$	—

Forward Exchange Contracts not Designated as Hedging Instruments

The Company's subsidiaries may enter into short-term forward exchange or option agreements to purchase foreign currencies at set rates in the future. These agreements are used to limit exposure to fluctuations in foreign currency exchange rates for significant planned purchases of fixed assets or commodities that are denominated in currencies other than the subsidiaries' functional currency. Subsidiaries may also use forward exchange agreements to offset the foreign currency risk for receivables and payables, including intercompany receivables and payables, not denominated in, or indexed to, their functional currencies. The Company records these short-term forward exchange agreements on the balance sheet at fair value and changes in the fair value are recognized in current earnings.

At December 31, 2010 and 2009, various subsidiaries of the Company had outstanding forward exchange and option agreements denominated in various currencies covering the equivalent of approximately $1.7 billion and $1.0 billion, respectively, related primarily to intercompany transactions and loans.

The effect of the forward exchange contracts on the results of operations for the years ended December 31, 2010, 2009 and 2008 is as follows:

	Amount of Gain (Loss) Recognized in Income on Forward Exchange Contracts

Location of Gain (Loss) Recognized in Income on Forward Exchange Contracts
	2010		2009			2008
Other expense	$	18	$	(8	)	$	(4	)

Balance Sheet Classification

The Company records the fair values of derivative financial instruments on the balance sheet as follows: (a) receivables if the instrument has a positive fair value and maturity within one year, (b) deposits, receivables, and other assets if the instrument has a positive fair value and maturity after one year, and (c) other accrued liabilities or other liabilities (current) if the instrument has a negative fair value and maturity within one year. The following table shows the amount and classification (as noted above) of the Company's derivatives as of December 31, 2010 and 2009:

			Fair Value

			Balance Sheet Location		2010		2009
Asset Derivatives:
	Derivatives designated as hedging instruments:
		Commodity futures contracts		a	$	—	$	1
	Derivatives not designated as hedging instruments:
		Foreign exchange contracts		a		5		6
		Foreign exchange contracts		b		2
		Foreign exchange contracts		c		1

	Total derivatives not designated as hedging instruments:					8		6

Total asset derivatives					$	8	$	7

Liability Derivatives:
	Derivatives designated as hedging instruments:
		Commodity futures contracts		c	$	3	$	2
	Derivatives not designated as hedging instruments:
		Foreign exchange contracts		c		21		3

Total liability derivatives					$	24	$	5

Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2010

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

10. Accumulated Other Comprehensive Income (Loss)

The components of comprehensive income are: (a) net earnings; (b) change in fair value of certain derivative instruments; (c) pension and other postretirement benefit adjustments; and (d) foreign currency translation adjustments. The net effect of exchange rate fluctuations generally reflects changes in the relative strength of the U.S. dollar against major foreign currencies between the beginning and end of the year.

The following table lists the beginning balance, yearly activity and ending balance of each component of accumulated other comprehensive income (loss):

	Net Effect of Exchange Rate Fluctuations			Deferred Tax Effect for Translation		Change in Certain Derivative Instruments			Employee Benefit Plans			Total Accumulated Comprehensive Income (Loss)

Balance on January 1, 2008	$	493		$	13	$	(5	)	$	(678	)	$	(177	)
2008 Change		(432	)				(33	)		(1,080	)		(1,545	)
Translation effect										46			46
Tax effect										55			55

Balance on December 31, 2008		61			13		(38	)		(1,657	)		(1,621	)
2009 Change		229					37			133			399
Translation effect										(34	)		(34	)
Tax effect										(14	)		(14	)
Intraperiod tax allocation							(13	)		(35	)		(48	)

Balance on December 31, 2009		290			13		(14	)		(1,607	)		(1,318	)
2010 Change		122					(2	)		60			180
Translation effect										(1	)		(1	)
Tax effect										(4	)		(4	)
Intraperiod tax allocation										(14	)		(14	)
Disposal of Venezuelan operations		260											260

Balance on December 31, 2010	$	672		$	13	$	(16	)	$	(1,566	)	$	(897	)

Exchange rate fluctuations in 2009 included a loss of $133 million related to the Company's decision to translate the balance sheets of its Venezuelan subsidiaries using the parallel market rate at December 31, 2009 instead of the historic official rate. The disposal of the Venezuelan operations in 2010 reflects the expropriation of the Company's Venezuelan subsidiaries. See Note 23 to the Consolidated Financial Statements for further information.

The intraperiod tax allocation in 2010 and 2009 related to a non-cash tax benefit transferred to continuing operations. See Note 11 to the Consolidated Financial Statements for further information.

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References+ Details

Income Taxes

12 Months Ended

Dec. 31, 2010

Income Taxes

Income Taxes

11. Income Taxes

The provision (benefit) for income taxes was calculated based on the following components of earnings (loss) before income taxes:

Continuing operations	2010			2009			2008

U.S.	$	(117	)	$	(215	)	$	(141	)
Non-U.S.		541			430			576

	$	424		$	215		$	435

Discontinued operations	2010			2009		2008

U.S.	$	—		$	—	$	2
Non-U.S.		(296	)		110		123

	$	(296	)	$	110	$	125

The provision (benefit) for income taxes consists of the following:

		2010			2009			2008

Current:
	U.S.	$	—		$	—		$	—
	Non-U.S.		141			67			188

			141			67			188

Deferred:
	U.S.		(10	)		(50	)		15
	Non-U.S.		(2	)		66			7

			(12	)		16			22

Total:
	U.S.		(10	)		(50	)		15
	Non-U.S.		139			133			195

Total for continuing operations			129			83			210
Total for discontinued operations			4			44			22

		$	133		$	127		$	232

A reconciliation of the provision (benefit) for income taxes based on the statutory U.S. Federal tax rate of 35% to the provision for income taxes is as follows:

		2010			2009			2008

Tax provision on pretax earnings from continuing operations at statutory U.S. Federal tax rate		$	148		$	75		$	152
Increase (decrease) in provision for income taxes due to:
	Non-U.S. income taxes		(25	)		(18	)		(3	)
	State taxes, net of federal benefit		(2	)		(1	)		1
	Intraperiod tax allocation—U.S.		(8	)		(48	)
	Tax law changes		1			(3	)		(23	)
	Changes in valuation allowance		11			75			77
	Other items		4			3			6

Provision for income taxes		$	129		$	83		$	210

Income tax expense or benefit from continuing operations is generally determined without regard to other categories of earnings, such as other comprehensive income and discontinued operations. An exception is provided when there is aggregate pretax income from other categories and a pretax loss from continuing operations in the current year. In such an instance, the tax benefit allocated to continuing operations is the amount by which the loss from continuing operations reduces the tax expenses recorded with respect to the other categories of earnings, even when a valuation allowance has been established against the deferred tax assets. In instances where a valuation allowance is established against current year losses, income from other sources, including other comprehensive income and discontinued operations, is considered when determining whether sufficient future taxable income exists to realize the deferred tax assets.

During 2010, certain pretax losses from continuing operations were partially offset by other comprehensive income and discontinued operations as a result of the exception noted above, resulting in a reduction of the valuation allowance and a benefit allocated to income tax expense from continuing operations of $8 million. During 2009, certain pretax losses from continuing operations were partially offset by other comprehensive income as a result of the exception noted above, resulting in a reduction of the valuation allowance and a benefit allocated to income tax expense from continuing operations of $48 million.

Deferred income taxes reflect: (1) the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes; and (2) carryovers and credits for income tax purposes.

Significant components of the Company's deferred tax assets and liabilities at December 31, 2010 and 2009 are as follows:

			2010			2009

Deferred tax assets:
	Accrued postretirement benefits		$	87		$	88
	Asbestos-related liabilities			167			170
	Foreign tax credit			312			312
	Operating and capital loss carryovers			455			399
	Other credit carryovers			48			43
	Accrued liabilities			127			169
	Pension liability			138			127
	Other			69			70

		Total deferred tax assets		1,403			1,378
Deferred tax liabilities:
	Property, plant, and equipment			169			149
	Exchangeable notes			28
	Inventory			12			12
	Other			80			68

		Total deferred tax liabilities		289			229
	Valuation allowance			(1,077	)		(1,095	)

		Net deferred taxes	$	37		$	54

Deferred taxes are included in the Consolidated Balance Sheets at December 31, 2010 and 2009 as follows:

	2010			2009

Prepaid expenses	$	8		$	8
Other assets		232			232
Deferred taxes		(203	)		(186	)

Net deferred taxes	$	37		$	54

The Company reviews the likelihood that it will realize the benefit of its deferred tax assets and therefore the need for valuation allowances on a quarterly basis, or whenever events indicate that a review is required. In determining the requirement for a valuation allowance, the historical and projected financial results of the legal entity or consolidated group recording the net deferred tax asset is considered, along with other positive and negative evidence.

During 2010, the Company made adjustments to its beginning non-U.S. valuation allowances which decreased the balance by approximately $38 million. The change in the valuation allowance primarily relates to positive evidence from improved historical and projected financial results of the non-U.S. jurisdictions.

At December 31, 2010, before valuation allowance, the Company has unused foreign tax credits of $312 million expiring in 2017, research tax credit of $18 million expiring from 2013 to 2030, and alternative minimum tax credits of $30 million which do not expire and which will be available to offset future U.S. Federal income tax. Approximately $104 million of the deferred tax assets relate to operating and capital loss carryforwards that can be carried over indefinitely with the remaining $351 million expiring between 2011 and 2030.

At December 31, 2010, the Company's equity in the undistributed earnings of foreign subsidiaries for which income taxes had not been provided approximated $2,048 million. The Company intends to reinvest these earnings indefinitely in the non-U.S. operations. It is not practicable to estimate the U.S. and foreign tax which would be payable should these earnings be distributed.

The Company has recognized tax benefits as a result of incentives in certain non-U.S. jurisdictions which expire between 2012 and 2016.

The Company records a liability for unrecognized tax benefits related to uncertain tax positions. The Company accrues interest and penalties associated with unrecognized tax benefits as a component of its income tax expense. The following is a reconciliation of the Company's total gross unrecognized tax benefits for the years ended December 31, 2010, 2009 and 2008:

		2010			2009			2008

Balance at January 1		$	120		$	90		$	41
	Additions and reductions for tax positions of prior years		26			19			49
	Additions based on tax positions related to the current year		5			11			4
	Additions for tax positions of prior years on acquisitions		12
	Reductions due to the lapse of the applicable statute of limitations		(1	)		(2	)		(2	)
	Reductions due to settlements		(13	)					(2	)
	Foreign currency translation		(6	)		2

Balance at December 31		$	143		$	120		$	90

Unrecognized tax benefits, which if recognized, would impact the Company's effective income tax rate		$	125		$	89		$	60

Accrued interest and penalties at December 31		$	36		$	22		$	12

Interest and penalties included in tax expense for the years ended December 31		$	4		$	10		$	10

Based upon the outcome of tax examinations, judicial proceedings, or expiration of statute of limitations, it is reasonably possible that the ultimate resolution of these unrecognized tax benefits may result in a payment that is materially different from the current estimate of the tax liabilities. The Company believes that it is reasonably possible that unrecognized tax benefits could decrease up to $25 million. This is primarily the result of audit settlements or statute expirations in several taxing jurisdictions, each of which are reasonably possible of being settled within the next twelve months.

The Company is currently under examination in various tax jurisdictions in which it operates, including Australia, Germany, Hungary, Italy, New Zealand, Poland, Spain, UK and the U.S. The years under examination range from 2001 through 2008. The Company believes that there are no jurisdictions in which the outcome of unresolved issues or claims is likely to be material to the Company's results of operations, financial position or cash flows. The Company further believes that adequate provisions for all income tax uncertainties have been made.

Convertible Preferred Stock

12 Months Ended

Dec. 31, 2010

Convertible Preferred Stock.

Convertible Preferred Stock

12. Convertible Preferred Stock

On February 29, 2008, the Company announced that all outstanding shares of convertible preferred stock would be redeemed on March 31, 2008, if not converted by holders prior to that date. All conversions and redemptions were completed by March 31, 2008 through the issuance of 8,584,479 shares of common stock. The conversions and redemptions resulted in an increase in common stock and capital in excess of par value.

Stock Options and Other Stock Based Compensation

12 Months Ended

Dec. 31, 2010

Stock Options and Other Stock Based Compensation

Stock Options and Other Stock Based Compensation

13. Stock Options and Other Stock Based Compensation

The Company has five nonqualified plans under which it has granted stock options, restricted shares and performance vested restricted share units: (1) the Stock Option Plan for Key Employees of Owens-Illinois, Inc.; (2) the Stock Option Plan for Directors of Owens-Illinois, Inc.; (3) the 1997 Equity Participation Plan of Owens-Illinois, Inc.; (4) the 2004 Equity Incentive Plan for Directors of Owens-Illinois, Inc.; and (5) the 2005 Equity Incentive Plan of Owens-Illinois, Inc. At December 31, 2010, there were 6,588,528 shares authorized and available for grants under these plans. Total compensation cost for all grants of shares and units under all of these plans was $11 million, $20 million and $21 million for the year ended December 31, 2010, 2009 and 2008, respectively.

Stock Options

For options granted prior to March 22, 2005, no options may be exercised in whole or in part during the first year after the date granted. In general, subject to accelerated exercisability provisions related to the performance of the Company's common stock or change of control, 50% of the options become exercisable on the fifth anniversary of the date of the option grant, with the remaining 50% becoming exercisable on the sixth anniversary date of the option grant. In general, options expire following termination of employment or the day after the tenth anniversary date of the option grant.

For options granted after March 21, 2005, no options may be exercised in whole or in part during the first year after the date granted. In general, subject to change in control, these options become exercisable 25% per year beginning on the first anniversary. In general, options expire following termination of employment or the seventh anniversary of the option grant.

The fair value of options granted before March 22, 2005, is amortized ratably over five years or a shorter period if the grant becomes subject to accelerated exercisability provisions related to the performance of the Company's common stock. The fair value of options granted after March 21, 2005, is amortized over the vesting periods which range from one to four years.

Stock option information at December 31, 2010 and for the year then ended is as follows:

				Weighted Average Exercise Price (per share)			Aggregate Intrinsic Value

Options outstanding at January 1, 2010		4,061		$	18.93
	Granted	469			31.21
	Exercised	(321	)		15.33
	Forfeited or expired	(161	)		19.99

Options outstanding at December 31, 2010		4,048			20.60	4.2	$	41

Options vested or expected to vest at December 31, 2010		3,995		$	20.60	4.2	$	40

Options exercisable at December 31, 2010		2,201		$	20.86	3.3	$	26

Certain additional information related to stock options is as follows for the periods indicated:

	2010		2009		2008

Weighted average grant-date fair value of options granted (per share)	$	14.60	$	4.23	$	16.21

Aggregate intrinsic value of options exercised	$	5	$	3	$	17

Aggregate cash received from options exercised	$	5	$	7	$	15

Restricted Shares

Shares granted to employees prior to March 22, 2005, generally vest after three years or upon retirement, whichever is later. Shares granted after March 21, 2005, vest 25% per year beginning on the first anniversary and unvested shares are forfeited upon termination of employment. Shares granted to directors prior to 2008 were immediately vested but may not be sold until the third anniversary of the share grant or the end of the director's then current term on the board, whichever is later. Shares granted to directors after 2007 vest after one year.

The fair value of the shares is equal to the market price of the shares on the date of the grant. The fair value of restricted shares granted before March 22, 2005, is amortized ratably over the vesting period. The fair value of restricted shares granted after March 21, 2005, is amortized over the vesting periods which range from one to four years.

Restricted share activity is as follows:

				Weighted Average Grant-Date Fair Value (per share)

Nonvested at January 1, 2010		569		$	16.73
	Granted	143			31.30
	Vested	(156	)		18.20
	Forfeited	(20	)		19.09

Nonvested at December 31, 2010		536			20.11

Awards granted during 2009				$	11.85
Awards granted during 2008				$	52.02

	2010		2009		2008

Total fair value of shares vested	$	5	$	4	$	3

Performance Vested Restricted Share Units

Restricted share units vest on January 1 of the third year following the year in which they are granted. Holders of vested units receive 0.5 to 1.5 shares of the Company's common stock for each unit, depending upon the attainment of consolidated performance goals established by the Compensation Committee of the Company's Board of Directors. If minimum goals are not met, no shares will be issued. Granted but unvested restricted share units are forfeited upon termination of employment, unless certain retirement criteria are met.

The fair value of each restricted share unit is equal to the product of the fair value of the Company's common stock on the date of grant and the estimated number of shares into which the restricted share unit will be converted. The fair value of restricted share units is amortized ratably over the vesting period. Should the estimated number of shares into which the restricted share unit will be converted change, an adjustment will be recorded to recognize the accumulated difference in amortization between the revised and previous estimates.

Performance vested restricted share unit activity is as follows:

				Weighted Average Grant-Date Fair Value (per unit)

Nonvested at January 1, 2010		1,269		$	18.68
	Granted	265			31.10
	Vested	(280	)		24.20
	Forfeited	(34	)		23.22

Nonvested at December 31, 2010		1,220			19.99

Awards granted during 2009				$	10.30
Awards granted during 2008				$	52.23

	2010

Number of shares issued to holders of vested units (thousands)		414

Fair value of shares at issuance date	$	13

As of December 31, 2010, there was $20 million of total unrecognized compensation cost related to all unvested stock options, restricted shares and performance vested restricted share units. That cost is expected to be recognized over a weighted average period of approximately four years.

Pension Benefit Plans and Other Postretirement Benefits

12 Months Ended

Dec. 31, 2010

Pension Benefit Plans and Other Postretirement Benefits

Pension Benefit Plans and Other Postretirement Benefits

14. Pension Benefit Plans and Other Postretirement Benefits

Pension Benefit Plans

The Company has defined benefit pension plans covering a substantial number of employees located in the United States, the United Kingdom, The Netherlands, Canada and Australia, as well as many employees in Germany and France. Benefits generally are based on compensation for salaried employees and on length of service for hourly employees. The Company's policy is to fund pension plans such that sufficient assets will be available to meet future benefit requirements. The Company's defined benefit pension plans use a December 31 measurement date. The following tables relate to the Company's principal defined benefit pension plans.

The changes in the pension benefit obligations for the year were as follows:

			U.S.						Non-U.S.

			2010			2009			2010			2009
Obligations at beginning of year			$	2,307		$	2,136		$	1,518		$	1,320
Change in benefit obligations:
	Service cost			25			24			21			18
	Interest cost			131			134			79			82
	Actuarial loss, including the effect of change in discount rates			147			185			59			62
	Participant contributions									7			7
	Benefit payments			(173	)		(180	)		(84	)		(73	)
	Curtailments						(1	)		(3	)		(2	)
	Settlements												(30	)
	Special termination benefits						9
	Foreign currency translation									(30	)		134

		Net change in benefit obligations		130			171			49			198

Obligations at end of year			$	2,437		$	2,307		$	1,567		$	1,518

The changes in the fair value of the pension plans' assets for the year were as follows:

			U.S.						Non-U.S.

			2010			2009			2010			2009
Fair value at beginning of year			$	2,061		$	1,785		$	1,223		$	922
Change in fair value:
	Actual gain on plan assets			306			459			130			167
	Benefit payments			(173	)		(180	)		(84	)		(73	)
	Employer contributions			1			1			22			122
	Participant contributions									7			7
	Foreign currency translation									(18	)		108
	Settlements												(30	)
	Other						(4	)		(1	)

		Net change in fair value of assets		134			276			56			301

Fair value at end of year			$	2,195		$	2,061		$	1,279		$	1,223

The funded status of the pension plans at year end was as follows:

		U.S.						Non-U.S.

		2010			2009			2010			2009
Plan assets at fair value		$	2,195		$	2,061		$	1,279		$	1,223
Projected benefit obligations			2,437			2,307			1,567			1,518

	Plan assets less than projected benefit obligations		(242	)		(246	)		(288	)		(295	)
Items not yet recognized in pension expense:
	Actuarial loss		1,232			1,272			359			369
	Prior service credit		(1	)		(1	)		(11	)		(14	)

			1,231			1,271			348			355

Net amount recognized		$	989		$	1,025		$	60		$	60

The net amount recognized is included in the Consolidated Balance Sheets at December 31, 2010 and 2009 as follows:

	U.S.						Non-U.S.

	2010			2009			2010			2009
Prepaid pension	$	—		$	—		$	54		$	46
Current pension liability, included with Other accrued liabilities		(2	)		(1	)		(6	)		(8	)
Pension benefits		(240	)		(245	)		(336	)		(333	)
Accumulated other comprehensive loss		1,231			1,271			348			355

Net amount recognized	$	989		$	1,025		$	60		$	60

The following changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income at December 31, 2010 and 2009 as follows (amounts are pretax):

	U.S.						Non-U.S.

	2010			2009			2010			2009
Current year actuarial (gain) loss	$	30		$	(74	)	$	8		$	(37	)
Prior service cost due to curtailment								1
Gain due to curtailment								1
Amortization of actuarial loss		(70	)		(39	)		(19	)		(6	)
Amortization of prior service credit								1			1

		(40	)		(113	)		(8	)		(42	)
Translation								1			35

	$	(40	)	$	(113	)	$	(7	)	$	(7	)

The accumulated benefit obligation for all defined benefit pension plans was $3,714 million and $3,506 million at December 31, 2010 and 2009, respectively.

The components of the net pension expense (income) for the year were as follows:

			U.S.									Non-U.S.

			2010			2009			2008			2010			2009			2008
Service cost			$	25		$	24		$	24		$	21		$	18		$	22
Interest cost				131			134			132			79			82			83
Expected asset return				(190	)		(198	)		(222	)		(80	)		(79	)		(97	)
Settlement cost																9
Special termination benefits							9												4
Curtailment (gain) loss							2						(1	)
Other																			(1	)
Amortization:
	Actuarial loss			70			39			25			19			6			5
	Prior service credit												(1	)		(1	)

		Net amortization		70			39			25			18			5			5

Net expense (income)			$	36		$	10		$	(41	)	$	37		$	35		$	16

Amounts that will be amortized from accumulated other comprehensive income into net pension expense during 2011:

			U.S.		Non-U.S.

Amortization:
	Actuarial loss		$	84	$	23
	Prior service cost					(1	)

		Net amortization	$	84	$	22

The following information is for plans with projected and accumulated benefit obligations in excess of the fair value of plan assets at year end:

	U.S.				Non-U.S.

	2010		2009		2010		2009
Projected benefit obligations	$	2,437	$	2,307	$	1,006	$	968
Fair value of plan assets		2,195		2,061		687		650
Accumulated benefit obligation		2,332		2,202		905		834

The weighted average assumptions used to determine benefit obligations were as follows:

	U.S.						Non-U.S.

	2010			2009			2010			2009
Discount rate		5.24	%		5.84	%		5.28	%		5.64	%
Rate of compensation increase		4.50	%		5.00	%		3.49	%		3.54	%

The weighted average assumptions used to determine net periodic pension costs were as follows:

	U.S.									Non-U.S.

	2010			2009			2008			2010			2009			2008
Discount rate		5.84	%		6.45	%		6.17	%		5.64	%		5.88	%		5.46	%
Rate of compensation increase		5.00	%		5.00	%		5.00	%		3.54	%		2.65	%		3.39	%
Expected long-term rate of return on assets		8.00	%		8.00	%		8.50	%		6.78	%		6.95	%		6.96	%

Future benefits are assumed to increase in a manner consistent with past experience of the plans, which, to the extent benefits are based on compensation, includes assumed salary increases as presented above. Amortization included in net pension expense (income) is based on the average remaining service of employees.

For 2010, the Company's weighted average expected long-term rate of return on assets was 8.00% for the U.S. plans and 6.78% for the non-U.S. plans. In developing this assumption, the Company evaluated input from its third party pension plan asset managers, including their review of asset class return expectations and long-term inflation assumptions. The Company also considered its historical 10-year average return (through December 31, 2009), which was in line with the expected long-term rate of return assumption for 2010.

It is the Company's policy to invest pension plan assets in a diversified portfolio consisting of an array of asset classes within established target asset allocation ranges. The investment risk of the assets is limited by appropriate diversification both within and between asset classes. The assets for the U.S. plans are maintained in a group trust. The U.S. plans hold no individual assets other than the investment in the group trust. The assets of the group trust and the Company's non-U.S. plans are primarily invested in a broad mix of domestic and international equities, domestic and international bonds, and real estate, subject to the target asset allocation ranges. The assets are managed with a view to ensuring that sufficient liquidity will be available to meet expected cash flow requirements.

The investment valuation policy of the Company is to value investments at fair value. All investments are valued at their respective net asset values. Equity securities for which market quotations are readily available are valued at the last reported sales price on their principal exchange on valuation date or official close for certain markets. Fixed income investments are valued by an independent pricing service. Investments in registered investment companies or collective pooled funds are valued at their respective net asset values. Short-term investments are stated at amortized cost, which approximates fair value. The fair value of real estate is determined by periodic appraisals.

The Company's U.S. pension plan assets held in the group trust are classified as Level 2 assets in the fair value hierarchy. The total U.S. plan assets amounted to $2,195 and $2,061 as of December 31, 2010 and 2009, respectively, and consisted of approximately 70% equity securities and 30% debt securities. The following table sets forth by level, within the fair value hierarchy, the Company's non-U.S. pension plan assets at fair value as of December 31, 2010:

	2010						2009

	2010						2009						Target Allocation
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Target Allocation
Cash and cash equivalents	$	28	$	1	$	—	$	36	$	10	$	—
Equity securities		383		167				406		95				44 - 54	%
Debt securities		523		90		8		515		81		9		39 - 49	%
Real estate						11						11		0 - 9	%
Other		68						54		6				0 - 8	%

Total assets at fair value	$	1,002	$	258	$	19	$	1,011	$	192	$	20

The following is a reconciliation of the Company's pension plan assets recorded at fair value using significant unobservable inputs (Level 3):

		2010			2009

Beginning balance		$	20		$	29
	Net decrease		(1	)		(9	)

Ending balance		$	19		$	20

The net decrease in the fair value of the Company's Level 3 pension plan assets is primarily due to sales of unlisted real estate funds. The change in the fair value of Level 3 pension plan assets due to actual return on those assets was immaterial in 2010.

Based on exchange rates at the end of 2010, the Company expects to contribute approximately $50 million to $60 million to its non-U.S. defined benefit pension plans in 2011.

The following estimated future benefit payments, which reflect expected future service, as appropriate, are expected to be paid in the years indicated:

Year(s)	U.S.		Non-U.S.

2011	$	176	$	81
2012		173		81
2013		170		82
2014		170		85
2015		170		87
2016 - 2020		854		440

The Company also sponsors several defined contribution plans for all salaried and hourly U.S. employees. Participation is voluntary and participants' contributions are based on their compensation. The Company matches contributions of participants, up to various limits, in substantially all plans. Company contributions to these plans amounted to $7 million in 2010, $7 million in 2009, and $7 million in 2008.

Postretirement Benefits Other Than Pensions

The Company provides certain retiree health care and life insurance benefits covering substantially all U.S. salaried and certain hourly employees, and substantially all employees in Canada and in The Netherlands. Employees are generally eligible for benefits upon retirement and completion of a specified number of years of creditable service. The Company uses a December 31 measurement date to measure its Postretirement Benefit Obligations.

The changes in the postretirement benefit obligations for the year were as follows:

			U.S.						Non-U.S.

			2010			2009			2010			2009
Obligations at beginning of year			$	201		$	193		$	88		$	67
Change in benefit obligations:
	Service cost			1			1			1			1
	Interest cost			11			12			5			4
	Actuarial (gain) loss, including the effect of changing discount rates			(1	)		14			(10	)		8
	Benefit payments			(17	)		(19	)		(3	)		(3	)
	Foreign currency translation									4			11

		Net change in benefit obligations		(6	)		8			(3	)		21

Obligations at end of year			$	195		$	201		$	85		$	88

The funded status of the postretirement benefit plans at year end was as follows:

			U.S.						Non-U.S.

			2010			2009			2010			2009
	Postretirement benefit obligations		$	(195	)	$	(201	)	$	(85	)	$	(88	)
Items not yet recognized in net postretirement benefit cost:
		Actuarial (gain) loss		50			56			(10	)		1
		Prior service credit		(14	)		(18	)

				36			38			(10	)		1

Net amount recognized			$	(159	)	$	(163	)	$	(95	)	$	(87	)

The net amount recognized is included in the Consolidated Balance Sheets at December 31, 2010 and 2009 as follows:

	U.S.						Non-U.S.

	2010			2009			2010			2009
Current nonpension postretirement benefit, included with Other accrued liabilities	$	(17	)	$	(18	)	$	(4	)	$	(4	)
Nonpension postretirement benefits		(178	)		(183	)		(81	)		(84	)
Accumulated other comprehensive loss		36			38			(10	)		1

Net amount recognized	$	(159	)	$	(163	)	$	(95	)	$	(87	)

The following changes in benefit obligations were recognized in accumulated other comprehensive income at December 31, 2010 and 2009 as follows (amounts are pretax):

	U.S.						Non-U.S.

	2010			2009			2010			2009
Current year actuarial (gain) loss	$	—		$	14		$	(11	)	$	9
Amortization of actuarial loss		(5	)		(4	)
Amortization of prior service credit		3			3

		(2	)		13			(11	)		9
Translation											(1	)

	$	(2	)	$	13		$	(11	)	$	8

The components of the net postretirement benefit cost for the year were as follows:

			U.S.									Non-U.S.

			2010			2009			2008			2010		2009		2008
Service cost			$	1		$	1		$	1		$	1	$	1	$	1
Interest cost				11			12			13			5		4		5
Special termination benefit																	1
Amortization:
	Actuarial (gain) loss			5			4			6
	Prior service credit			(3	)		(3	)		(3	)

		Net amortization		2			1			3			—		—		—

Net postretirement benefit cost			$	14		$	14		$	17		$	6	$	5	$	7

Amounts that will be amortized from accumulated other comprehensive income into net postretirement benefit cost during 2011:

			U.S.			Non-U.S.

Amortization:
	Actuarial loss		$	5		$	—
	Prior service credit			(3	)		—

		Net amortization	$	2		$	—

The weighted average discount rates used to determine the accumulated postretirement benefit obligation and net postretirement benefit cost were as follows:

	U.S.									Non-U.S.

	2010			2009			2008			2010			2009			2008
Accumulated post retirement benefit obligation		5.09	%		5.68	%		6.40	%		5.02	%		5.60	%		6.40	%
Net postretirement benefit cost		5.68	%		6.40	%		6.16	%		5.60	%		6.40	%		5.20	%

The weighted average assumed health care cost trend rates at December 31 were as follows:

	U.S.						Non-U.S.

	2010			2009			2010			2009
Health care cost trend rate assumed for next year		8.00	%		8.00	%		8.00	%		9.00	%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)		5.00	%		5.00	%		5.00	%		5.00	%
Year that the rate reaches the ultimate trend rate		2016			2015			2014			2013

Assumed health care cost trend rates affect the amounts reported for the postretirement benefit plans. A one-percentage-point change in assumed health care cost trend rates would have the following effects:

	U.S.					Non-U.S.

	1-Percentage-Point					1-Percentage-Point
	Increase		Decrease			Increase		Decrease
Effect on total of service and interest cost	$	1	$	—		$	1	$	(1	)
Effect on accumulated postretirement benefit obligations		7		(6	)		10		(8	)

Amortization included in net postretirement benefit cost is based on the average remaining service of employees.

The following estimated future benefit payments, which reflect expected future service, as appropriate, are expected to be paid in the years indicated:

Year(s)	U.S.		Non-U.S.

2011	$	17	$	4
2012		17		4
2013		16		4
2014		16		5
2015		16		5
2016 - 2020		71		26

Benefits provided by the Company for certain hourly retirees are determined by collective bargaining. Most other domestic hourly retirees receive health and life insurance benefits from a multi-employer trust established by collective bargaining. Payments to the trust as required by the bargaining agreements are based upon specified amounts per hour worked and were $6 million in 2010, $7 million in 2009, and $9 million in 2008. Postretirement health and life benefits for retirees of foreign subsidiaries are generally provided through the national health care programs of the countries in which the subsidiaries are located.

In March 2010, the Patient Protection and Affordable Care Act and the Health Care Education and Affordability Reconciliation Act (the "Acts") were signed into law. The Acts contain provisions which could impact the Company's accounting for retiree medical benefits in future periods. However, the extent of that impact, if any, cannot be determined until additional interpretations of the Acts become available. Based on the analysis to date, the impact of provisions in the Acts which are reasonably determinable is not expected to have a material impact on the Company's other postretirement benefit plans. Accordingly, a remeasurement of the Company's postretirement benefit obligation is not required at this time. The Company will continue to assess the provisions of the Acts and may consider plan amendments in future periods to better align these plans with the provisions of the Acts.

- Definition

Description containing the entire pension and other postretirement benefits disclosure as a single block of text.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 7, 21, 22

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5, 6, 7, 8

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 8

-Subparagraph m

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 106

-Paragraph 518

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 87

-Paragraph 264

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph b

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph a

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph h

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph q

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS106-2

-Paragraph 20, 21, 22

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 03-2

-Paragraph 8

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 30

-Paragraph 26

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Implementation Guide (Q and A)

-Number FAS88

-Paragraph 63

+ Details

Other Expense

12 Months Ended

Dec. 31, 2010

Other Expense

Other Expense

15. Other Expense

Other expense for the year ended December 31, 2010 included the following:

•

The Company recorded charges totaling $13 million ($11 million after tax amount attributable to the Company) for restructuring and asset impairment related to the Company's strategic review of its global manufacturing footprint. See Note 16 for additional information.

•

The Company recorded charges of $12 million ($7 million after tax amount attributable to the Company) for acquisition-related fair value inventory adjustments. This charge was due to the accounting rules requiring inventory purchased in a business combination to be marked up to fair value, and then recorded as an increase to cost of goods sold as the inventory is sold. The Company also recorded charges of $20 million (pretax and after tax) for acquisition-related restructuring, transaction and financing costs.

•

During the fourth quarter of 2010, the Company recorded a charge of $170 million (pretax and after tax) to increase the accrual for estimated future asbestos-related costs as a result of the findings from the annual review of asbestos-related liabilities. See Note 18 for additional information.

Other expense for the year ended December 31, 2009 included the following:

•

During the fourth quarter of 2009, the Company recorded charges of $18 million ($17 million after tax amount attributable to the Company) for the remeasurement of certain bolivar-denominated assets and liabilities held outside of Venezuela.

•

The Company recorded charges totaling $207 million ($180 million after tax amount attributable to the Company) for restructuring and asset impairment. The charges reflect the additional decisions reached in the Company's strategic review of its global manufacturing footprint. See Note 16 for additional information.

•

During the fourth quarter of 2009, the Company recorded a charge of $180 million (pretax and after tax) to increase the accrual for estimated future asbestos-related costs as a result of the findings from the annual review of asbestos-related liabilities. See Note 18 for additional information.

Other expense for the year ended December 31, 2008 included the following:

•

The Company recorded charges totaling $132 million ($109 million after tax amount attributable to the Company) for restructuring and asset impairment. The charges reflect the additional decisions reached in the Company's strategic review of its global manufacturing footprint. See Note 16 for additional information.

•

During 2008, the Company also recorded an additional $1 million (pretax and after tax amount attributable to the Company) related to the impairment of the Company's equity investment in the South American Segment's 50%-owned Caribbean affiliate.

•

During the fourth quarter of 2008, the Company recorded a charge of $250 million ($249 million after tax) to increase the accrual for estimated future asbestos-related costs as a result of the findings from the annual review of asbestos-related liabilities. See Note 18 for additional information.

Restructuring Accruals

12 Months Ended

Dec. 31, 2010

Restructuring Accruals.

Restructuring Accruals

16. Restructuring Accruals

Beginning in 2007, the Company commenced a strategic review of its global profitability and manufacturing footprint. The combined 2007, 2008, 2009 and 2010 charges, amounting to $407 million ($340 million after tax amount attributable to the Company), reflect the decisions reached by the Company in its strategic review of its global manufacturing footprint. The related curtailment of plant capacity and realignment of selected operations has resulted in an overall reduction in the Company's workforce of approximately 3,250 jobs. Amounts recorded by the Company do not include any gains that may be realized upon the ultimate sale or disposition of closed facilities.

The Company's decisions to curtail selected production capacity have resulted in write downs of certain long-lived assets to the extent their carrying amounts exceeded fair value less cost to sell. The Company classified the significant assumptions used to determine the fair value of the impaired assets, which was not material, as Level 3 in the fair value hierarchy as set forth in the general accounting principles for fair value measurements.

The Company also recorded liabilities for certain employee separation costs to be paid under contractual arrangements and other exit costs.

2007

During the third and fourth quarters of 2007, the Company recorded charges totaling $55 million ($40 million after tax amount attributable to the Company) for restructuring and asset impairment in Europe and North America. The curtailment of plant capacity resulted in elimination of approximately 560 jobs and a corresponding reduction in the Company's workforce.

2008

During 2008, the Company recorded charges totaling $132 million ($109 million after tax amount attributable to the Company) for restructuring and asset impairment across all segments as well as in Retained Corporate Costs and Other. The curtailment of plant capacity and realignment of selected operations resulted in elimination of approximately 1,240 jobs and a corresponding reduction in the Company's workforce.

2009

During 2009, the Company recorded charges totaling $207 million ($180 million after tax amount attributable to the Company) for restructuring and asset impairment across all segments. The curtailment of plant capacity will result in elimination of approximately 1,450 jobs and a corresponding reduction in the Company's workforce.

2010

As of December 31, 2009, the Company had concluded its global manufacturing footprint review. During 2010, the Company recorded charges totaling $13 million ($11 million after tax amount attributable to the Company) for restructuring and asset impairment related to the completion of certain previously announced actions in North America and Europe.

The Company expects that the majority of the remaining estimated cash expenditures related to the above charges will be paid out by the end of 2011.

Selected information related to the restructuring accrual is as follows:

		Employee Costs			Asset Impairment			Other			Total

2007 Charges		$	26		$	22		$	7		$	55
Write-down of assets to net realizable value						(22	)		(2	)		(24	)

	Balance at December 31, 2007		26			—			5			31
2008 charges			70			32			30			132
Write-down of assets to net realizable value						(32	)		(5	)		(37	)
Net cash paid, principally severance and related benefits			(36	)					(7	)		(43	)
Other, including foreign exchange translation			(13	)					(6	)		(19	)

	Balance at December 31, 2008		47			—			17			64
2009 charges			110			79			18			207
Write-down of assets to net realizable value						(79	)					(79	)
Net cash paid, principally severance and related benefits			(57	)					(8	)		(65	)
Other, including foreign exchange translation			(7	)					(1	)		(8	)

	Balance at December 31, 2009		93			—			26			119
2010 charges			(4	)		3			14			13
Write-down of assets to net realizable value						(3	)					(3	)
Net cash paid, principally severance and related benefits			(47	)					(14	)		(61	)
Other, including foreign exchange translation			(15	)					(1	)		(16	)

	Balance at December 31, 2010	$	27		$	—		$	25		$	52

The Company continually reviews its manufacturing footprint and may close various operations due to plant efficiencies, integration of acquisitions, and other market factors. The restructuring accruals related to these types of actions taken by the Company in prior periods, not related to the strategic review of manufacturing operations discussed above, are $27 million as of December 31, 2010 and 2009. There were no material charges or cash payments in 2010 or 2009 related to these actions.

Additional Interest Charges from Early Extinguishment of Debt

12 Months Ended

Dec. 31, 2010

Additional Interest Charges from Early Extinguishment of Debt

Additional Interest Charges from Early Extinguishment of Debt

17. Additional Interest Charges from Early Extinguishment of Debt

During 2010, the Company recorded additional interest charges of $9 million (pretax and after tax) for note repurchase premiums and the related write-off of unamortized finance fees. In addition, the Company recorded a reduction of interest expense of $9 million (pretax and after tax) in 2010 to recognize the unamortized proceeds from terminated interest rate swaps on these notes. During 2009, the Company recorded additional interest charges of $5 million (pretax and after tax) for note repurchase premiums and the write-off of unamortized finance fees, net of a gain from the termination of interest rate swap agreements, related to debt that was repaid prior to its maturity.

Contingencies

12 Months Ended

Dec. 31, 2010

Contingencies

Contingencies

18. Contingencies

The Company is a defendant in numerous lawsuits alleging bodily injury and death as a result of exposure to asbestos dust. From 1948 to 1958, one of the Company's former business units commercially produced and sold approximately $40 million of a high-temperature, calcium-silicate based pipe and block insulation material containing asbestos. The Company exited the pipe and block insulation business in April 1958. The typical asbestos personal injury lawsuit alleges various theories of liability, including negligence, gross negligence and strict liability and seek compensatory and in some cases, punitive damages in various amounts (herein referred to as "asbestos claims").

The following table shows the approximate number of plaintiffs and claimants who had asbestos claims pending against the Company at the beginning of each listed year, the number of claims disposed of during that year, the year's filings and the claims pending at the end of each listed year (eliminating duplicate filings):



Pending at beginning of year	7,000	11,000	14,000
Disposed	4,000	10,000	8,000
Filed	3,000	6,000	5,000

Pending at end of year	6,000	7,000	11,000

Based on an analysis of the lawsuits pending as of December 31, 2010, approximately 76% of plaintiffs either do not specify the monetary damages sought, or in the case of court filings, claim an amount sufficient to invoke the jurisdictional minimum of the trial court. Approximately 22% of plaintiffs specifically plead damages of $15 million or less, and 2% of plaintiffs specifically plead damages greater than $15 million but less than $100 million. Fewer than 1% of plaintiffs specifically plead damages $100 million or greater but less than $122 million.

As indicated by the foregoing summary, current pleading practice permits considerable variation in the assertion of monetary damages. The Company's experience resolving hundreds of thousands of asbestos claims and lawsuits over an extended period demonstrates that the monetary relief that may be alleged in a complaint bears little relevance to a claim's merits or disposition value. Rather, the amount potentially recoverable is determined by such factors as the severity of the plaintiff's asbestos disease, the product identification evidence against the Company and other defendants, the defenses available to the Company and other defendants, the specific jurisdiction in which the claim is made, and the plaintiff's medical history and exposure to other disease-causing agents.

In addition to the pending claims set forth above, the Company has claims-handling agreements in place with many plaintiffs' counsel throughout the country. These agreements require evaluation and negotiation regarding whether particular claimants qualify under the criteria established by such agreements. The criteria for such claims include verification of a compensable illness and a reasonable probability of exposure to a product manufactured by the Company's former business unit during its manufacturing period ending in 1958. Some plaintiffs' counsel have historically withheld claims under these agreements for later presentation while focusing their attention on active litigation in the tort system. The Company believes that as of December 31, 2010 there are approximately 600 claims against other defendants which are likely to be asserted some time in the future against the Company. These claims are not included in the pending "lawsuits and claims" totals set forth above.

The Company is also a defendant in other asbestos-related lawsuits or claims involving maritime workers, medical monitoring claimants, co-defendants and property damage claimants. Based upon its past experience, the Company believes that these categories of lawsuits and claims will not involve any material liability and they are not included in the above description of pending matters or in the following description of disposed matters.

Since receiving its first asbestos claim, the Company as of December 31, 2010, has disposed of the asbestos claims of approximately 383,000 plaintiffs and claimants at an average indemnity payment per claim of approximately $7,800. Certain of these dispositions have included deferred amounts payable over a number of years. Deferred amounts payable totaled approximately $26 million at December 31, 2010 ($36 million at December 31, 2009) and are included in the foregoing average indemnity payment per claim. The Company's asbestos indemnity payments have varied on a per claim basis, and are expected to continue to vary considerably over time. As discussed above, a part of the Company's objective is to achieve, where possible, resolution of asbestos claims pursuant to claims-handling agreements. Failure of claimants to meet certain medical and product exposure criteria in the Company's administrative claims handling agreements has generally reduced the number of marginal or suspect claims that would otherwise have been received. In addition, certain courts and legislatures have reduced or eliminated the number of marginal or suspect claims that the Company otherwise would have received. These developments generally have had the effect of increasing the Company's per-claim average indemnity payment.

The Company believes that its ultimate asbestos-related liability (i.e., its indemnity payments or other claim disposition costs plus related legal fees) cannot reasonably be estimated. Beginning with the initial liability of $975 million established in 1993, the Company has accrued a total of approximately $3.82 billion through 2010, before insurance recoveries, for its asbestos-related liability. The Company's ability to reasonably estimate its liability has been significantly affected by, among other factors, the volatility of asbestos-related litigation in the United States, the significant number of co-defendants that have filed for bankruptcy, the magnitude and timing of co-defendant bankruptcy trust payments, the inherent uncertainty of future disease incidence and claiming patterns, the expanding list of non-traditional defendants that have been sued in this litigation, and the use of mass litigation screenings to generate large numbers of claims by parties who allege exposure to asbestos dust but have no present physical asbestos impairment.

The Company has continued to monitor trends that may affect its ultimate liability and has continued to analyze the developments and variables affecting or likely to affect the resolution of pending and future asbestos claims against the Company. The material components of the Company's accrued liability are based on amounts determined by the Company in connection with its annual comprehensive review and consist of the following estimates, to the extent it is probable that such liabilities have been incurred and can be reasonably estimated: (i) the liability for asbestos claims already asserted against the Company; (ii) the liability for preexisting but unasserted asbestos claims for prior periods arising under its administrative claims-handling agreements with various plaintiffs' counsel; (iii) the liability for asbestos claims not yet asserted against the Company, but which the Company believes will be asserted in the next several years; and (iv) the legal defense costs likely to be incurred in connection with the foregoing types of claims.

The significant assumptions underlying the material components of the Company's accrual are:

        a)    the extent to which settlements are limited to claimants who were exposed to the Company's asbestos-containing insulation prior to its exit from that business in 1958;

        b)    the extent to which claims are resolved under the Company's administrative claims agreements or on terms comparable to those set forth in those agreements;

        c)     the extent of decrease or increase in the incidence of serious disease cases and claiming patterns for such cases;

        d)    the extent to which the Company is able to defend itself successfully at trial;

        e)    the extent to which courts and legislatures eliminate, reduce or permit the diversion of financial resources for unimpaired claimants;

        f)     the number and timing of additional co-defendant bankruptcies;

        g)     the extent to which bankruptcy trusts direct resources to resolve claims that are also presented to the Company and the timing of the payments made by the bankruptcy trusts; and

        h)    the extent to which co-defendants with substantial resources and assets continue to participate significantly in the resolution of future asbestos lawsuits and claims.

As noted above, the Company conducts a comprehensive review of its asbestos-related liabilities and costs annually in connection with finalizing and reporting its annual results of operations, unless significant changes in trends or new developments warrant an earlier review. If the results of an annual comprehensive review indicate that the existing amount of the accrued liability is insufficient to cover its estimated future asbestos-related costs, then the Company will record an appropriate charge to increase the accrued liability. The Company believes that a reasonable estimation of the probable amount of the liability for claims not yet asserted against the Company is not possible beyond a period of several years. Therefore, while the results of future annual comprehensive reviews cannot be determined, the Company expects the addition of one year to the estimation period will result in an annual charge.

Other litigation is pending against the Company, in many cases involving ordinary and routine claims incidental to the business of the Company and in others presenting allegations that are non-routine and involve compensatory, punitive or treble damage claims as well as other types of relief. The Company records a liability for such matters when it is both probable that the liability has been incurred and the amount of the liability can be reasonably estimated. Recorded amounts are reviewed and adjusted to reflect changes in the factors upon which the estimates are based, including additional information, negotiations, settlements and other events.

The ultimate legal and financial liability of the Company with respect to the lawsuits and proceedings referred to above, in addition to other pending litigation, cannot reasonably be estimated. The Company's reported results of operations for 2010 were materially affected by the $170 million (pretax and after tax) fourth quarter charge for asbestos-related costs and asbestos-related payments continue to be substantial. Any future additional charge would likewise materially affect the Company's results of operations for the period in which it is recorded. Also, the continued use of significant amounts of cash for asbestos-related costs has affected and may continue to affect the Company's cost of borrowing and its ability to pursue global or domestic acquisitions. However, the Company believes that its operating cash flows and other sources of liquidity will be sufficient to pay its obligations for asbestos-related costs and to fund its working capital and capital expenditure requirements on a short-term and long-term basis.

Segment Information

12 Months Ended

Dec. 31, 2010

Segment Information

Segment Information

19. Segment Information

The Company has four reportable segments based on its four geographic locations: (1) Europe; (2) North America; (3) South America; (4) Asia Pacific. These four segments are aligned with the Company's internal approach to managing, reporting, and evaluating performance of its global glass operations. Certain assets and activities not directly related to one of the regions or to glass manufacturing are reported with Retained Corporate Costs and Other. These include licensing, equipment manufacturing, global engineering, and non-glass equity investments. Retained Corporate Costs and Other also includes certain headquarters administrative and facilities costs and certain incentive compensation and other benefit plan costs that are global in nature and are not allocable to the reportable segments.

The Company's measure of profit for its reportable segments is Segment Operating Profit, which consists of consolidated earnings from continuing operations before interest income, interest expense, and provision for income taxes and excludes amounts related to certain items that management considers not representative of ongoing operations as well as certain retained corporate costs. The Company's management uses Segment Operating Profit, in combination with selected cash flow information, to evaluate performance and to allocate resources. Segment Operating Profit for reportable segments includes an allocation of some corporate expenses based on both a percentage of sales and direct billings based on the costs of specific services provided.

Financial information regarding the Company's reportable segments is as follows:

		2010		2009		2008

Net Sales:
	Europe	$	2,746	$	2,918	$	3,498
	North America		1,879		2,074		2,210
	South America		975		689		791
	Asia Pacific		996		925		964

Reportable segment totals			6,596		6,606		7,463
	Other		37		46		77

Net sales		$	6,633	$	6,652	$	7,540

		2010			2009			2008

Segment Operating Profit:
	Europe	$	324		$	333		$	478
	North America		275			282			185
	South America		224			145			221
	Asia Pacific		141			131			163

Reportable segment totals			964			891			1,047
Items excluded from Segment Operating Profit:
	Retained corporate costs and other		(89	)		(67	)		(1	)
	Restructuring and asset impairment		(13	)		(207	)		(133	)
	Acquisition-related fair value inventory adjustments and restructuring, transaction and financing costs		(32	)
	Charge for currency remeasurement					(18	)
	Charge for asbestos related costs		(170	)		(180	)		(250	)
Interest income			13			18			25
Interest expense			(249	)		(222	)		(253	)

Earnings from continuing operations before income taxes		$	424		$	215		$	435

			Europe		North America		South America		Asia Pacific		Reportable Segment Totals		Retained Corp Costs and Other		Consolidated Totals

Total assets(1):
	2010		$	3,618	$	1,961	$	1,680	$	2,047	$	9,306	$	448	$	9,754
	2009			3,852		1,900		729		1,683		8,164		563		8,727
	2008			3,758		1,803		627		1,240		7,428		549		7,977
Equity investments:
	2010		$	53	$	17	$	5	$	179	$	254	$	45	$	299
	2009			48		19		1				68		46		114
	2008			39		15		3				57		45		102
Equity earnings:
	2010		$	19	$	15			$	1	$	35	$	24	$	59
	2009			13		14						27		26		53
	2008			14		13						27		24		51
Capital expenditures(2):
	2010
		Continuing	$	151	$	156	$	96	$	85	$	488	$	12	$	500
		Discontinued												3		3
	2009
		Continuing		170		103		46		81		400		7		407
		Discontinued												21		21
	2008
		Continuing		152		91		35		58		336		4		340
		Discontinued												22		22
Depreciation and amortization expense:
	2010
		Continuing	$	172	$	107	$	50	$	70	$	399	$	11	$	410
		Discontinued												3		3
	2009
		Continuing		179		99		39		67		384		11		395
		Discontinued												11		11
	2008
		Continuing		222		99		45		81		447		10		457
		Discontinued												11		11

(1): Retained Corporate Costs and Other includes assets of discontinued operations.
(2): Excludes property, plant and equipment acquired through acquisitions.

The Company's net property, plant, and equipment by geographic segment are as follows:

	United States		Non-U.S.		Total

2010	$	703	$	2,404	$	3,107
2009		639		2,072		2,711
2008		679		1,890		2,569

The Company's net sales by geographic segment are as follows:

	United States		Non-U.S.		Total

2010	$	1,676	$	4,957	$	6,633
2009		1,878		4,774		6,652
2008		1,895		5,645		7,540

Operations in individual countries outside the United States that accounted for more than 10% of consolidated net sales from continuing operations were in Italy (2010—11%, 2009—10%, 2008—11%), France (2010—13%, 2009—13%, 2008—15%) and Australia (2010—11%, 2009—9%, 2008—9%)

Goodwill

12 Months Ended

Dec. 31, 2010

Goodwill

Goodwill

20. Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2008, 2009 and 2010 are as follows:

	North America			Europe			Asia Pacific			South America		Other			Total

Balance as of January 1, 2008	$	746		$	1,119		$	557		$	—	$	6		$	2,428
Translation effects		(29	)		(58	)		(123	)							(210	)
Other changes					(10	)							(1	)		(11	)

Balance as of December 31, 2008		717			1,051			434			—		5			2,207
Translation effects		19			30			125								174

Balance as of December 31, 2009		736			1,081			559			—		5			2,381
Acquisitions								53			376					429
Translation effects		7			(72	)		65			11					11

Balance as of December 31, 2010	$	743		$	1,009		$	677		$	387	$	5		$	2,821

Goodwill for the Asia Pacific segment is net of accumulated impairment losses of $494 million.

During the fourth quarters of 2010, 2009 and 2008, the Company completed its annual impairment testing and determined that no impairment existed.

Other Assets

12 Months Ended

Dec. 31, 2010

Other Assets

Other Assets

21. Other Assets

Other assets consisted of the following at December 31, 2010 and 2009:

	2010		2009

Deferred tax asset	$	232	$	232
Intangibles		29		22
Capitalized software		78		59
Deferred finance fees		50		36
Deferred returnable packaging costs		73		75
Other		126		98

	$	588	$	522

Business Combinations

12 Months Ended

Dec. 31, 2010

Business Combinations.

Business Combinations

22. Business Combinations

On September 1, 2010, the Company completed the acquisition of Brazilian glassmaker Companhia Industrial de Vidros ("CIV") for total consideration of $594 million, consisting of cash of $572 million and acquired debt of $22 million. CIV was the leading glass container manufacturer in northeastern Brazil, producing glass containers for the beverage, food and pharmaceutical industries, as well as tableware. The acquisition includes two plants in the state of Pernambuco and one in the state of Ceará. The acquisition was part of the Company's overall strategy of expanding its presence in emerging markets and expands its Brazilian footprint to align with unfolding consumer trends and customer growth plans. The results of CIV's operations have been included in the Company's consolidated financial statements since September 1, 2010, and are included in the South American operating segment.

The total purchase price was allocated to the tangible and identifiable intangible assets and liabilities based upon their respective fair values. The following table summarizes the fair values of the assets and liabilities assumed on September 1, 2010:


Current assets		$	83
Goodwill			343
Other long-term assets			82
Net property, plant, and equipment			200

	Total assets		708
Current liabilities			(57	)
Long-term liabilities			(79	)

	Net assets acquired	$	572

The liabilities assumed include accruals for uncertain tax positions and other tax contingencies. The purchase agreement includes provisions that require the sellers to reimburse the Company for any cash paid related to the settlement of these contingencies. Accordingly, the Company has also recognized a receivable from the sellers related to these contingencies.

Goodwill largely consists of expected synergies resulting from the integration of the acquisition and anticipated growth opportunities with new and existing customers, and includes intangible assets not separately recognized, such as federal and state tax incentives for development in Brazil's northeastern region. Goodwill is not deductible for federal income tax purposes.

On December 23, 2010, the Company acquired Hebei Rixin Glass Group Co., Ltd. The acquisition, located in Hebei Province of northern China, includes two plants and manufactures glass containers predominantly for China's domestic beer market.

On December 7, 2010, the Company acquired the majority share of Zhaoqing Jiaxin Glasswork Co., LTD, a one-plant glass container manufacturer located in the Pearl River Delta region of Guangdong Province in China. Zhaoqing Jiaxin Glasswork Co., LTD produces glass packaging for the beer, food and non-alcoholic beverage markets.

On March 11, 2010, the Company acquired the majority share of Cristalerias Rosario, a one-plant glass container manufacturer located in Rosario, Argentina. Cristalerias Rosario primarily produces wine and non-alcoholic beverage glass containers.

In the second quarter of 2010, the Company formed a joint venture with Berli Jucker Public Company Limited ("BJC") of Thailand in order to expand the Company's presence in China and Southeast Asia. The joint venture entered into an agreement to purchase the operations of Malaya Glass from Fraser & Neave Holdings Bhd. Malaya Glass produces glass containers for the beer, non-alcoholic beverage and food markets, with plants located in China, Thailand, Malaysia and Vietnam. The Company's share of the purchase price for Malaya Glass is $132 million. The acquisition was completed on July 16, 2010. The Company is recognizing its interest in the joint venture using the equity method of accounting.

The acquisitions, individually and in the aggregate, did not meet the thresholds for a significant acquisition and therefore no pro forma financial information is presented.

Discontinued Operations

12 Months Ended

Dec. 31, 2010

Discontinued Operations.

Discontinued Operations

23. Discontinued Operations

On October 26, 2010, the Venezuelan government, through Presidential Decree No. 7.751, expropriated the assets of Owens-Illinois de Venezuela, C.A. and Fabrica de Vidrios Los Andes, C.A., two of the Company's subsidiaries in that country, which in effect constituted a taking of the going concerns of those companies. Shortly after the issuance of the decree, the Venezuelan government installed temporary administrative boards who are in control of the expropriated assets.

Since the issuance of the decree, the Company has cooperated with the Venezuelan government, as it is compelled to do under Venezuelan law, to provide for an orderly transition while ensuring the safety and well-being of the employees and the integrity of the production facilities. The Company is also engaged in negotiations with the Venezuelan government in relation to certain aspects of the expropriation, including the compensation payable by the government as a result of its expropriation. The Company reserves and will continue to reserve the right to seek and obtain just compensation, representing the market value of its investment in Venezuela, in exchange for the expropriated assets pursuant to, as appropriate, applicable domestic and/or international law. The Company is unable at this stage to predict the amount, or timing of receipt, of compensation it will ultimately receive.

The Company considers the disposal of these assets to be complete as of December 31, 2010. As a result, and in accordance with generally accepted accounting principles, the Company has presented the results of operations for its Venezuelan subsidiaries in the Consolidated Results of Operations for the years ended December 31, 2010, 2009 and 2008 as discontinued operations. Amounts for the prior periods have been reclassified to conform to this presentation. At December 31, 2009, the assets and liabilities of the Venezuelan operations are presented in the Consolidated Balance Sheets as the assets and liabilities of discontinued operations.

The following summarizes the revenues and expenses of the Venezuelan operations reported as discontinued operations in the Consolidated Results of Operations for the periods indicated:

	Years ended December 31,

	2010			2009			2008
Net sales	$	129		$	415		$	345
Manufacturing, shipping, and delivery		(86	)		(266	)		(214	)

Gross profit		43			149			131
Selling and administrative expense		(5	)		(13	)		(13	)
Research, development, and engineering expense					(1	)		(1	)
Interest income					11			13
Other expense		3			(36	)		(8	)

Earnings from discontinued operations before income taxes		41			110			122
Provision for income taxes		(10	)		(44	)		(26	)

Earnings from discontinued operations		31			66			96
Loss on disposal of discontinued operations		(331	)

Net earnings (loss) from discontinued operations		(300	)		66			96
Net earnings from discontinued operations attributable to noncontrolling interests		(5	)		(14	)		(20	)

Net earnings (loss) from discontinued operations attributable to the Company	$	(305	)	$	52		$	76

The loss on disposal of discontinued operations of $331 million includes charges totaling $77 million and $260 million to write-off the net assets and cumulative currency translation losses, respectively, of the Company's Venezuelan operations, net of a tax benefit of $6 million. The net assets were written-off as a result of the deconsolidation of the subsidiaries due to the loss of control. The type or amount of compensation the Company may receive from the Venezuelan government is uncertain and thus, will be recorded as a gain from discontinued operations when received. The cumulative currency translation losses relate to the devaluation of the Venezuelan bolivar in prior years and were written-off because the expropriation was a substantially complete liquidation of the Company's operations in Venezuela.

The condensed consolidated balance sheet at December 31, 2009 included the following assets and liabilities related to the discontinued operations of the Company's Venezuelan subsidiaries:

			Balance at December 31, 2009

Assets:
	Cash		$	57
	Accounts receivable			21
	Inventories			11
	Prepaid expenses			3

		Total current assets		92
	Other long-term assets			3
	Net property, plant, and equipment			31

Total assets			$	126

Liabilities:
	Accounts payable and other current liabilities		$	12
	Other long-term liabilities			15

Total liabilities			$	27

Financial Information for Subsidiary Guarantors and Non-Guarantors

12 Months Ended

Dec. 31, 2010

Financial Information for Subsidiary Guarantors and Non-Guarantors

Financial Information for Subsidiary Guarantors and Non-Guarantors

24. Financial Information for Subsidiary Guarantors and Non-Guarantors

The following presents condensed consolidating financial information for the Company, segregating: (1) Owens-Illinois, Inc., the issuer of two series of senior notes and debentures (the "Parent"); (2) the two subsidiaries which have guaranteed the senior notes and debentures on a subordinated basis (the "Guarantor Subsidiaries"); and (3) all other subsidiaries (the "Non-Guarantor Subsidiaries"). The Guarantor Subsidiaries are 100% owned direct and indirect subsidiaries of the Company and their guarantees are full, unconditional and joint and several. They have no operations and function only as intermediate holding companies.

Wholly-owned subsidiaries are presented on the equity basis of accounting. Certain reclassifications have been made to conform all of the financial information to the financial presentation on a consolidated basis. The principal eliminations relate to investments in subsidiaries and inter-company balances and transactions.

		December 31, 2010

Balance Sheet		Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
	Accounts receivable	$	—	$	—	$	1,075	$	—		$	1,075
	Inventories						946					946
	Other current assets						717					717

Total current assets			—		—		2,738		—			2,738
Investments in and advances to subsidiaries			2,541		2,291				(4,832	)		—
Goodwill							2,821					2,821
Other non-current assets							1,088					1,088

Total other assets			2,541		2,291		3,909		(4,832	)		3,909
Property, plant and equipment, net							3,107					3,107

Total assets		$	2,541	$	2,291	$	9,754	$	(4,832	)	$	9,754

Current liabilities:
	Accounts payable and accrued liabilities	$	—	$	—	$	1,555	$	—		$	1,555
	Current portion of asbestos liability		170									170
	Short-term loans and long-term debt due within one year		—				354					354

Total current liabilities			170		—		1,909		—			2,079
Long-term debt			250				3,924		(250	)		3,924
Asbestos-related liabilities			306									306
Other non-current liabilities							1,419					1,419
Total share owners' equity of the Company			1,815		2,291		2,291		(4,582	)		1,815
Noncontrolling interests							211					211

Total liabilities and share owners' equity		$	2,541	$	2,291	$	9,754	$	(4,832	)	$	9,754

		December 31, 2009

Balance Sheet		Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
	Accounts receivable	$	—	$	—	$	983	$	—		$	983
	Inventories						889					889
	Other current assets						833					833
	Assets of discontinued operations						92					92

Total current assets			—		—		2,797		—			2,797
Investments in and advances to subsidiaries			2,301		2,023				(4,324	)		—
Goodwill							2,381					2,381
Other non-current assets							804					804
Assets of discontinued operations							34					34

Total other assets			2,301		2,023		3,219		(4,324	)		3,219
Property, plant and equipment, net							2,711					2,711

Total assets		$	2,301	$	2,023	$	8,727	$	(4,324	)	$	8,727

Current liabilities:
	Accounts payable and accrued liabilities	$	—	$	—	$	1,497	$	—		$	1,497
	Current portion of asbestos liability		175									175
	Short-term loans and long-term debt due within one year		28				350		(28	)		350
	Liabilities of discontinued operations						12					12

Total current liabilities			203		—		1,859		(28	)		2,034
Liabilities of discontinued operations							15					15
Long-term debt			250				3,258		(250	)		3,258
Asbestos-related liabilities			310									310
Other non-current liabilities							1,374					1,374
Total share owners' equity of the Company			1,538		2,023		2,023		(4,046	)		1,538
Noncontrolling interests							198					198

Total liabilities and share owners' equity		$	2,301	$	2,023	$	8,727	$	(4,324	)	$	8,727

	Year ended December 31, 2010

Results of Operations	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	6,633		$	—		$	6,633
Manufacturing, shipping, and delivery								(5,283	)					(5,283	)

Gross profit		—			—			1,350			—			1,350
Research, engineering, selling, administrative, and other		(170	)					(611	)					(781	)
External interest expense		(21	)					(228	)					(249	)
Intercompany interest expense					(21	)		(21	)		42			—
External interest income								13						13
Intercompany interest income		21			21						(42	)		—
Equity earnings from subsidiaries		109			109						(218	)		—
Other equity earnings								59						59
Other revenue								32						32

Earnings before income taxes		(61	)		109			594			(218	)		424
Provision for income taxes		8						(137	)					(129	)

Earnings (loss) from continuing operations		(53	)		109			457			(218	)		295
Earnings from discontinued operations								31			—			31
Loss on disposal of discontinued operations		6						(337	)					(331	)

Net earnings (loss)		(47	)		109			151			(218	)		(5	)
Net earnings attributable to noncontrolling interests								(42	)					(42	)

Net earnings (loss) attributable to the Company	$	(47	)	$	109		$	109		$	(218	)	$	(47	)

	Year ended December 31, 2009

Results of Operations	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	6,652		$	—		$	6,652
Manufacturing, shipping, and delivery								(5,317	)					(5,317	)

Gross profit		—			—			1,335			—			1,335
Research, engineering, selling, administrative, and other		(180	)					(813	)					(993	)
External interest expense		(39	)					(183	)					(222	)
Intercompany interest expense					(39	)		(39	)		78			—
External interest income								18						18
Intercompany interest income		39			39						(78	)		—
Equity earnings from subsidiaries		249			249						(498	)		—
Other equity earnings								53						53
Other revenue								24						24

Earnings before income taxes		69			249			395			(498	)		215
Provision for income taxes		27						(110	)					(83	)

Earnings from continuing operations		96			249			285			(498	)		132
Earnings from discontinued operations		66			66			66			(132	)		66

Net earnings		162			315			351			(630	)		198
Net earnings attributable to noncontrolling interests								(36	)					(36	)

Net earnings attributable to the Company	$	162		$	315		$	315		$	(630	)	$	162

	Year ended December 31, 2008

Results of Operations	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	7,540		$	—		$	7,540
Manufacturing, shipping, and delivery								(5,994	)					(5,994	)

Gross profit		—			—			1,546			—			1,546
Research, engineering, selling, administrative, and other		(250	)					(711	)					(961	)
External interest expense		(46	)					(207	)					(253	)
Intercompany interest expense					(46	)		(46	)		92			—
External interest income								25						25
Intercompany interest income		46			46						(92	)		—
Equity earnings from subsidiaries		403			403						(806	)		—
Other equity earnings								51						51
Other revenue								27						27

Earnings from continuing operations before income taxes		153			403			685			(806	)		435
Provision for income taxes		2						(212	)					(210	)

Earnings from continuing operations		155			403			473			(806	)		225
Earnings from discontinued operations		96			96			96			(192	)		96
Gain on disposal of discontinued operations		7			7			7			(14	)		7

Net earnings		258			506			576			(1,012	)		328
Net earnings attributable to noncontrolling interests								(70	)					(70	)

Net earnings attributable to the Company	$	258		$	506		$	506		$	(1,012	)	$	258

	Year ended December 31, 2010

Cash Flows	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(179	)	$	—	$	771		$	—	$	592
Cash utilized in investing activities							(1,314	)				(1,314	)
Cash provided by financing activities		179					368					547
Effect of exchange rate change on cash							3					3

Net change in cash		—			—		(172	)		—		(172	)
Cash at beginning of period							812					812

Cash at end of period	$	—		$	—	$	640		$	—	$	640

	Year ended December 31, 2009

Cash Flows	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(190	)	$	—	$	990		$	—	$	800
Cash utilized in investing activities							(418	)				(418	)
Cash provided by (utilized in) financing activities		190					(76	)				114
Effect of exchange rate change on cash							(64	)				(64	)

Net change in cash		—			—		432			—		432
Cash at beginning of period							380					380

Cash at end of period	$	—		$	—	$	812		$	—	$	812

	Year ended December 31, 2008

Cash Flows	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(209	)	$	—	$	966		$	—	$	757
Cash utilized in investing activities							(377	)				(377	)
Cash provided by (utilized in) financing activities		209					(574	)				(365	)
Effect of exchange rate change on cash							(23	)				(23	)

Net change in cash		—			—		(8	)		—		(8	)
Cash at beginning of period							388					388

Cash at end of period	$	—		$	—	$	380		$	—	$	380

- Definition

Text block that encapsulates the detailed table comprising the condensed financial statements (balance sheet, income statement and statement of cash flows), normally using the registrant (parent) as the sole domain member. If condensed consolidating financial statements are being presented, other domain members (in addition to parent) such as guarantor subsidiaries, non-guarantor subsidiaries, and the consolidation eliminations, will be included in order that the respective monetary amounts for each of the domains will aggregate to the respective amounts on the consolidated financial statements. The line items are the various captions used to compile the condensed financial statements. Using extensions, most, if not all, of the elements representing condensed financial statement captions will be the same as those used for the consolidated financial statements captions.

+ References+ Details

Schedule II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)

12 Months Ended

Dec. 31, 2010

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS (CONSOLIDATED)

Years ended December 31, 2010, 2009, and 2008
(Millions of Dollars)

Reserves deducted from assets in the balance sheets:

Allowances for losses and discounts on receivables

			Additions

	Balance at beginning of period		Charged to costs and expenses		Other			Deductions (Note 1)			Balance at end of period
2010	$	37	$	—	$	5		$	(2	)	$	40

2009	$	40	$	2	$	(4	)	$	(1	)	$	37

2008	$	36	$	8	$	(1	)	$	4		$	40

(1): Deductions from allowances for losses and discounts on receivables represent uncollectible notes and accounts written off.

Valuation allowance on net deferred tax assets

	Balance at beginning of period		Charged to income		Charged to other comprehensive income			Foreign currency translation			Other			Balance at end of period

2010	$	1,095	$	11	$	(47	)	$	(5	)	$	23		$	1,077

2009	$	1,047	$	75	$	(46	)	$	13		$	6		$	1,095

2008	$	728	$	77	$	329		$	(22	)	$	(65	)	$	1,047

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2010

Significant Accounting Policies

Basis of Consolidated Statements

Nature of Operations

Use of Estimates

Cash

Fair Value Measurements

Level 1:    Observable inputs such as quoted prices in active markets;

Level 2:    Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and

Level 3:    Unobservable inputs for which there is little or no market data, which requires the Company to develop assumptions.

Derivative Instruments

Inventory Valuation

Goodwill

Intangible Assets and Other Long-Lived Assets

Property, Plant, and Equipment

Revenue Recognition

Shipping and Handling Costs

Shipping and Handling Costs Shipping and handling costs are included with manufacturing, shipping, and delivery costs in the Consolidated Results of Operations.

Income Taxes on Undistributed Earnings

Foreign Currency Translation

Accounts Receivable and Allowance for Doubtful Accounts

Stock Options and Other Stock-Based Compensation

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:

	2010	2009	2008

Range of expected lives of options (years)	4.75	4.75	4.75
Range of expected stock price volatilities	52.4% - 53.9%	42.0% - 52.0%	29.0% - 39.8%
Weighted average expected stock price volatilities	53.3%	46.3%	31.4%
Range of risk-free interest rates	1.2% - 2.5%	1.3% - 2.1%	1.5% - 3.7%
Expected dividend yield	0.0%	0.0%	0.0%

The fair value of other equity awards, consisting of restricted shares and performance vested restricted share units, is equal to the quoted market value at the time of grant.

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2010

Significant Accounting Policies

Weighted average assumptions for the Black-Scholes method used to estimate fair value of stock option grants

	2010	2009	2008

Range of expected lives of options (years)	4.75	4.75	4.75
Range of expected stock price volatilities	52.4% - 53.9%	42.0% - 52.0%	29.0% - 39.8%
Weighted average expected stock price volatilities	53.3%	46.3%	31.4%
Range of risk-free interest rates	1.2% - 2.5%	1.3% - 2.1%	1.5% - 3.7%
Expected dividend yield	0.0%	0.0%	0.0%

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2010

Earnings Per Share

Computation of basic and diluted earnings per share

Years ended December 31,			2010			2009			2008

Numerator:
	Net earnings (loss) attributable to the Company		$	(47	)	$	162		$	258
	Convertible preferred stock dividends									(5	)
	Net earnings attributable to participating securities			—			(1	)		(3	)

	Numerator for basic earnings per share—income available to common share owners		$	(47	)	$	161		$	250

Denominator (in thousands):
	Denominator for basic earnings per share—weighted average shares outstanding			164,271			167,687			163,178
	Effect of dilutive securities:
		Convertible preferred stock								2,147
		Stock options and other		2,807			2,853			4,352

	Denominator for diluted earnings per share—adjusted weighted average shares and assumed exchanges of preferred stock for common stock			167,078			170,540			169,677

Basic earnings per share:
	Earnings from continuing operations		$	1.57		$	0.65		$	1.03
	Earnings from discontinued operations			0.14			0.31			0.46
	Gain (loss) on disposal of discontinued operations			(2.00	)					0.04

		Net earnings (loss)	$	(0.29	)	$	0.96		$	1.53

Diluted earnings per share:
	Earnings from continuing operations		$	1.55		$	0.65		$	1.03
	Earnings from discontinued operations			0.14			0.30			0.45
	Gain (loss) on disposal of discontinued operations			(1.97	)					0.04

		Net earnings (loss)	$	(0.28	)	$	0.95		$	1.52

Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2010

Supplemental Cash Flow Information.

Changes in the components of working capital related to operations

		2010			2009			2008

Decrease (increase) in current assets:
	Receivables	$	(60	)	$	(12	)	$	75
	Inventories		(29	)		152			(64	)
	Prepaid expenses and other		9			(23	)		45
Increase (decrease) in current liabilities:
	Accounts payable		17			29			(65	)
	Accrued liabilities		(3	)		(20	)		(51	)
	Salaries and wages		(13	)		20			(39	)
	U.S. and foreign income taxes		8			10			(49	)

		$	(71	)	$	156		$	(148	)

Income taxes paid (received) in cash

	2010		2009			2008

U.S.—continuing	$	2	$	(2	)	$	(1	)
Non-U.S.—continuing		123		147			154
Non-U.S.—discontinued operations		7		49			8

	$	132	$	194		$	161

Inventories (Tables)

12 Months Ended

Dec. 31, 2010

Inventories.

Major classes of inventory

	2010		2009

Finished goods	$	786	$	734
Raw materials		106		104
Operating supplies		54		51

	$	946	$	889

Equity Investments (Tables)

12 Months Ended

Dec. 31, 2010

Equity Investments

Equity in earnings

				2010		2009		2008

For the year:
	Equity in earnings:
		Non-U.S.		$	20	$	13	$	14
		U.S.			39		40		37

			Total	$	59	$	53	$	51

	Dividends received			$	62	$	34	$	25

Summary of balance sheet information of equity investments

			2010		2009

At end of year:
	Current assets		$	271	$	218
	Non-current assets			552		314

		Total assets		823		532
	Current liabilities			148		138
	Other liabilities and deferred items			174		146

		Total liabilities and deferred items		322		284

	Net assets		$	501	$	248

Summary of income statement information of equity investments

		2010		2009		2008

For the year:
	Net sales	$	731	$	549	$	636

	Gross profit	$	227	$	200	$	228

	Net earnings	$	162	$	158	$	154

Debt (Tables)

12 Months Ended

Dec. 31, 2010

Debt

Long-term Debt

			2010		2009

Secured Credit Agreement:
	Revolving Credit Facility:
		Revolving Loans	$	—	$	—
	Term Loans:
		Term Loan A (90 million AUD at Dec. 31, 2010)		92		144
		Term Loan B		190		190
		Term Loan C (111 million CAD at Dec. 31, 2010)		111		105
		Term Loan D (€190 million at Dec. 31, 2010)		253		274
Senior Notes:
	8.25%, due 2013					460
	6.75%, due 2014			400		400
	6.75%, due 2014 (€225 million)			300		325
	3.00%, Exchangeable, due 2015			607
	7.375%, due 2016			585		582
	6.875%, due 2017 (€300 million)			401		433
	6.75%, due 2020 (€500 million)			668
Senior Debentures:
	7.50%, due 2010					28
	7.80%, due 2018			250		250
Other				164		117

Total long-term debt				4,021		3,308
	Less amounts due within one year			97		50

		Long-term debt	$	3,924	$	3,258

Carrying values of the liability and equity components of 2015 Exchangeable Notes


Principal amount of exchangeable notes	$	690
Unamortized discount on exchangeable notes		83

Net carrying amount of liability component	$	607

Carrying amount of equity component	$	93

Amount of interest expense recognized on the 2015 Exchangeable Notes


Contractual coupon interest	$	14
Amortization of discount on exchangeable notes		10

Total interest expense	$	24

	2010			2009

Balance (included in short-term loans)	$	247		$	289
Weighted average interest rate		2.40	%		2.52	%

Fair values at December 31, 2010 of the Company's significant fixed rate debt obligations

		Principal Amount (millions of dollars)			Fair Value (millions of dollars)

Senior Notes:
	6.75%, due 2014	$	400	102.50	$	410
	6.75%, due 2014 (€225 million)		300	102.25		307
	3.00%, Exchangeable, due 2015		690	101.24		699
	7.375%, due 2016		600	107.84		647
	6.875%, due 2017 (€300 million)		401	103.98		417
	6.75%, due 2020 (€500 million)		668	101.20		676
Senior Debentures:
	7.80%, due 2018		250	107.34		268

Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2010

Derivative Instruments

Effect of interest rate swaps designated as fair value hedges on the results of operations

	Amount of Gain (Loss) Recognized in Interest Expense

	2010		2009			2008
Interest rate swaps	$	—	$	(11	)	$	26
Related long-term debt				11			(26	)
Proceeds recognized and amortized for terminated interest rate swaps		10		7

Net impact on interest expense	$	10	$	7		$	—

Effect of commodity futures contracts designated as cash flow hedges on the results of operations

Amount of Loss Recognized in OCI on Commodity Futures Contracts (Effective Portion)								Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (reported in manufacturing, shipping, and delivery) (Effective Portion)

2010		2009			2008			2010			2009			2008
$(11	)	$	(24	)	$	(27	)	$	(9	)	$	(61	)	$	6

Effect of senior notes designated as net investment hedge on the results of operations

									Amount of Gain (Loss) Reclassified from Accumulated OCI into Income

Amount of Gain (Loss) Recognized in OCI
Amount of Gain (Loss) Recognized in OCI							Location of Gain (Loss) Reclassified from Accumulated OCI into Income
2010		2009			2008				2010		2009		2008
$	24	$	(9	)	$	15		N/A	$	—	$	—	$	—

Effect of the forward exchange contracts not designated as hedging instruments on the results of operations

	Amount of Gain (Loss) Recognized in Income on Forward Exchange Contracts

Location of Gain (Loss) Recognized in Income on Forward Exchange Contracts
	2010		2009			2008
Other expense	$	18	$	(8	)	$	(4	)

Balance Sheet Classification of derivative instruments

			Fair Value

			Balance Sheet Location		2010		2009
Asset Derivatives:
	Derivatives designated as hedging instruments:
		Commodity futures contracts		a	$	—	$	1
	Derivatives not designated as hedging instruments:
		Foreign exchange contracts		a		5		6
		Foreign exchange contracts		b		2
		Foreign exchange contracts		c		1

	Total derivatives not designated as hedging instruments:					8		6

Total asset derivatives					$	8	$	7

Liability Derivatives:
	Derivatives designated as hedging instruments:
		Commodity futures contracts		c	$	3	$	2
	Derivatives not designated as hedging instruments:
		Foreign exchange contracts		c		21		3

Total liability derivatives					$	24	$	5

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2010

Accumulated Other Comprehensive Income (Loss)

Component of accumulated other comprehensive income (loss)

	Net Effect of Exchange Rate Fluctuations			Deferred Tax Effect for Translation		Change in Certain Derivative Instruments			Employee Benefit Plans			Total Accumulated Comprehensive Income (Loss)

Balance on January 1, 2008	$	493		$	13	$	(5	)	$	(678	)	$	(177	)
2008 Change		(432	)				(33	)		(1,080	)		(1,545	)
Translation effect										46			46
Tax effect										55			55

Balance on December 31, 2008		61			13		(38	)		(1,657	)		(1,621	)
2009 Change		229					37			133			399
Translation effect										(34	)		(34	)
Tax effect										(14	)		(14	)
Intraperiod tax allocation							(13	)		(35	)		(48	)

Balance on December 31, 2009		290			13		(14	)		(1,607	)		(1,318	)
2010 Change		122					(2	)		60			180
Translation effect										(1	)		(1	)
Tax effect										(4	)		(4	)
Intraperiod tax allocation										(14	)		(14	)
Disposal of Venezuelan operations		260											260

Balance on December 31, 2010	$	672		$	13	$	(16	)	$	(1,566	)	$	(897	)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2010

Income Taxes

Provision (benefit) for income taxes calculated based on components of earnings (loss) before income taxes

Continuing operations	2010			2009			2008

U.S.	$	(117	)	$	(215	)	$	(141	)
Non-U.S.		541			430			576

	$	424		$	215		$	435

Discontinued operations	2010			2009		2008

U.S.	$	—		$	—	$	2
Non-U.S.		(296	)		110		123

	$	(296	)	$	110	$	125

Provision for income taxes

		2010			2009			2008

Current:
	U.S.	$	—		$	—		$	—
	Non-U.S.		141			67			188

			141			67			188

Deferred:
	U.S.		(10	)		(50	)		15
	Non-U.S.		(2	)		66			7

			(12	)		16			22

Total:
	U.S.		(10	)		(50	)		15
	Non-U.S.		139			133			195

Total for continuing operations			129			83			210
Total for discontinued operations			4			44			22

		$	133		$	127		$	232

Reconciliation of the provision for income taxes

		2010			2009			2008

Tax provision on pretax earnings from continuing operations at statutory U.S. Federal tax rate		$	148		$	75		$	152
Increase (decrease) in provision for income taxes due to:
	Non-U.S. income taxes		(25	)		(18	)		(3	)
	State taxes, net of federal benefit		(2	)		(1	)		1
	Intraperiod tax allocation—U.S.		(8	)		(48	)
	Tax law changes		1			(3	)		(23	)
	Changes in valuation allowance		11			75			77
	Other items		4			3			6

Provision for income taxes		$	129		$	83		$	210

Significant components of deferred tax assets and liabilities and deferred taxes included in the Consolidated Balance Sheets

			2010			2009

Deferred tax assets:
	Accrued postretirement benefits		$	87		$	88
	Asbestos-related liabilities			167			170
	Foreign tax credit			312			312
	Operating and capital loss carryovers			455			399
	Other credit carryovers			48			43
	Accrued liabilities			127			169
	Pension liability			138			127
	Other			69			70

		Total deferred tax assets		1,403			1,378
Deferred tax liabilities:
	Property, plant, and equipment			169			149
	Exchangeable notes			28
	Inventory			12			12
	Other			80			68

		Total deferred tax liabilities		289			229
	Valuation allowance			(1,077	)		(1,095	)

		Net deferred taxes	$	37		$	54

	2010			2009

Prepaid expenses	$	8		$	8
Other assets		232			232
Deferred taxes		(203	)		(186	)

Net deferred taxes	$	37		$	54

Reconciliation of the gross unrecognized tax benefits

		2010			2009			2008

Balance at January 1		$	120		$	90		$	41
	Additions and reductions for tax positions of prior years		26			19			49
	Additions based on tax positions related to the current year		5			11			4
	Additions for tax positions of prior years on acquisitions		12
	Reductions due to the lapse of the applicable statute of limitations		(1	)		(2	)		(2	)
	Reductions due to settlements		(13	)					(2	)
	Foreign currency translation		(6	)		2

Balance at December 31		$	143		$	120		$	90

Unrecognized tax benefits, which if recognized, would impact the Company's effective income tax rate		$	125		$	89		$	60

Accrued interest and penalties at December 31		$	36		$	22		$	12

Interest and penalties included in tax expense for the years ended December 31		$	4		$	10		$	10

- Definition

The disclosure required for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

Stock Options and Other Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2010

Stock Options and Other Stock Based Compensation

Summary of option activity

				Weighted Average Exercise Price (per share)			Aggregate Intrinsic Value

Options outstanding at January 1, 2010		4,061		$	18.93
	Granted	469			31.21
	Exercised	(321	)		15.33
	Forfeited or expired	(161	)		19.99

Options outstanding at December 31, 2010		4,048			20.60	4.2	$	41

Options vested or expected to vest at December 31, 2010		3,995		$	20.60	4.2	$	40

Options exercisable at December 31, 2010		2,201		$	20.86	3.3	$	26

Additional information related to stock options

	2010		2009		2008

Weighted average grant-date fair value of options granted (per share)	$	14.60	$	4.23	$	16.21

Aggregate intrinsic value of options exercised	$	5	$	3	$	17

Aggregate cash received from options exercised	$	5	$	7	$	15

Restricted share activity

				Weighted Average Grant-Date Fair Value (per share)

Nonvested at January 1, 2010		569		$	16.73
	Granted	143			31.30
	Vested	(156	)		18.20
	Forfeited	(20	)		19.09

Nonvested at December 31, 2010		536			20.11

Awards granted during 2009				$	11.85
Awards granted during 2008				$	52.02

Fair value of restricted shares vested

	2010		2009		2008

Total fair value of shares vested	$	5	$	4	$	3

Performance vested restricted share unit activity

				Weighted Average Grant-Date Fair Value (per unit)

Nonvested at January 1, 2010		1,269		$	18.68
	Granted	265			31.10
	Vested	(280	)		24.20
	Forfeited	(34	)		23.22

Nonvested at December 31, 2010		1,220			19.99

Awards granted during 2009				$	10.30
Awards granted during 2008				$	52.23

Additional information related to performance vested restricted share unit activity

	2010

Number of shares issued to holders of vested units (thousands)		414

Fair value of shares at issuance date	$	13

Pension Benefit Plans and Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2010

Pension Benefit Plans and Other Postretirement Benefits

Changes in the pension benefit obligations and postretirement benefit obligations

The changes in the pension benefit obligations for the year were as follows:

			U.S.						Non-U.S.

			2010			2009			2010			2009
Obligations at beginning of year			$	2,307		$	2,136		$	1,518		$	1,320
Change in benefit obligations:
	Service cost			25			24			21			18
	Interest cost			131			134			79			82
	Actuarial loss, including the effect of change in discount rates			147			185			59			62
	Participant contributions									7			7
	Benefit payments			(173	)		(180	)		(84	)		(73	)
	Curtailments						(1	)		(3	)		(2	)
	Settlements												(30	)
	Special termination benefits						9
	Foreign currency translation									(30	)		134

		Net change in benefit obligations		130			171			49			198

Obligations at end of year			$	2,437		$	2,307		$	1,567		$	1,518

The changes in the postretirement benefit obligations for the year were as follows:

			U.S.						Non-U.S.

			2010			2009			2010			2009
Obligations at beginning of year			$	201		$	193		$	88		$	67
Change in benefit obligations:
	Service cost			1			1			1			1
	Interest cost			11			12			5			4
	Actuarial (gain) loss, including the effect of changing discount rates			(1	)		14			(10	)		8
	Benefit payments			(17	)		(19	)		(3	)		(3	)
	Foreign currency translation									4			11

		Net change in benefit obligations		(6	)		8			(3	)		21

Obligations at end of year			$	195		$	201		$	85		$	88

Changes in the fair value of the pension plans' assets

			U.S.						Non-U.S.

			2010			2009			2010			2009
Fair value at beginning of year			$	2,061		$	1,785		$	1,223		$	922
Change in fair value:
	Actual gain on plan assets			306			459			130			167
	Benefit payments			(173	)		(180	)		(84	)		(73	)
	Employer contributions			1			1			22			122
	Participant contributions									7			7
	Foreign currency translation									(18	)		108
	Settlements												(30	)
	Other						(4	)		(1	)

		Net change in fair value of assets		134			276			56			301

Fair value at end of year			$	2,195		$	2,061		$	1,279		$	1,223

Funded status of the pension plans and postretirement plans

		U.S.						Non-U.S.

		2010			2009			2010			2009
Plan assets at fair value		$	2,195		$	2,061		$	1,279		$	1,223
Projected benefit obligations			2,437			2,307			1,567			1,518

	Plan assets less than projected benefit obligations		(242	)		(246	)		(288	)		(295	)
Items not yet recognized in pension expense:
	Actuarial loss		1,232			1,272			359			369
	Prior service credit		(1	)		(1	)		(11	)		(14	)

			1,231			1,271			348			355

Net amount recognized		$	989		$	1,025		$	60		$	60

			U.S.						Non-U.S.

			2010			2009			2010			2009
	Postretirement benefit obligations		$	(195	)	$	(201	)	$	(85	)	$	(88	)
Items not yet recognized in net postretirement benefit cost:
		Actuarial (gain) loss		50			56			(10	)		1
		Prior service credit		(14	)		(18	)

				36			38			(10	)		1

Net amount recognized			$	(159	)	$	(163	)	$	(95	)	$	(87	)

Net amount recognized included in the Consolidated Balance Sheets for pension plans and postretirement plans

	U.S.						Non-U.S.

	2010			2009			2010			2009
Prepaid pension	$	—		$	—		$	54		$	46
Current pension liability, included with Other accrued liabilities		(2	)		(1	)		(6	)		(8	)
Pension benefits		(240	)		(245	)		(336	)		(333	)
Accumulated other comprehensive loss		1,231			1,271			348			355

Net amount recognized	$	989		$	1,025		$	60		$	60

	U.S.						Non-U.S.

	2010			2009			2010			2009
Current nonpension postretirement benefit, included with Other accrued liabilities	$	(17	)	$	(18	)	$	(4	)	$	(4	)
Nonpension postretirement benefits		(178	)		(183	)		(81	)		(84	)
Accumulated other comprehensive loss		36			38			(10	)		1

Net amount recognized	$	(159	)	$	(163	)	$	(95	)	$	(87	)

Pre-tax amounts recognized in accumulated other comprehensive income for all U.S. and non-U.S. defined benefit pension plans

The following changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income at December 31, 2010 and 2009 as follows (amounts are pretax):

	U.S.						Non-U.S.

	2010			2009			2010			2009
Current year actuarial (gain) loss	$	30		$	(74	)	$	8		$	(37	)
Prior service cost due to curtailment								1
Gain due to curtailment								1
Amortization of actuarial loss		(70	)		(39	)		(19	)		(6	)
Amortization of prior service credit								1			1

		(40	)		(113	)		(8	)		(42	)
Translation								1			35

	$	(40	)	$	(113	)	$	(7	)	$	(7	)

The following changes in benefit obligations were recognized in accumulated other comprehensive income at December 31, 2010 and 2009 as follows (amounts are pretax):

	U.S.						Non-U.S.

	2010			2009			2010			2009
Current year actuarial (gain) loss	$	—		$	14		$	(11	)	$	9
Amortization of actuarial loss		(5	)		(4	)
Amortization of prior service credit		3			3

		(2	)		13			(11	)		9
Translation											(1	)

	$	(2	)	$	13		$	(11	)	$	8

Components of net periodic pension cost (income) and net periodic postretirement benefit (cost)

The components of the net pension expense (income) for the year were as follows:

			U.S.									Non-U.S.

			2010			2009			2008			2010			2009			2008
Service cost			$	25		$	24		$	24		$	21		$	18		$	22
Interest cost				131			134			132			79			82			83
Expected asset return				(190	)		(198	)		(222	)		(80	)		(79	)		(97	)
Settlement cost																9
Special termination benefits							9												4
Curtailment (gain) loss							2						(1	)
Other																			(1	)
Amortization:
	Actuarial loss			70			39			25			19			6			5
	Prior service credit												(1	)		(1	)

		Net amortization		70			39			25			18			5			5

Net expense (income)			$	36		$	10		$	(41	)	$	37		$	35		$	16

The components of the net postretirement benefit cost for the year were as follows:

			U.S.									Non-U.S.

			2010			2009			2008			2010		2009		2008
Service cost			$	1		$	1		$	1		$	1	$	1	$	1
Interest cost				11			12			13			5		4		5
Special termination benefit																	1
Amortization:
	Actuarial (gain) loss			5			4			6
	Prior service credit			(3	)		(3	)		(3	)

		Net amortization		2			1			3			—		—		—

Net postretirement benefit cost			$	14		$	14		$	17		$	6	$	5	$	7

Amounts amortized from accumulated other comprehensive income into net pension expense and into net postretirement benefit cost

Amounts that will be amortized from accumulated other comprehensive income into net pension expense during 2011:

			U.S.		Non-U.S.

Amortization:
	Actuarial loss		$	84	$	23
	Prior service cost					(1	)

		Net amortization	$	84	$	22

Amounts that will be amortized from accumulated other comprehensive income into net postretirement benefit cost during 2011:

			U.S.			Non-U.S.

Amortization:
	Actuarial loss		$	5		$	—
	Prior service credit			(3	)		—

		Net amortization	$	2		$	—

Projected plans and accumulated benefit obligations in excess of the fair value of plan assets

	U.S.				Non-U.S.

	2010		2009		2010		2009
Projected benefit obligations	$	2,437	$	2,307	$	1,006	$	968
Fair value of plan assets		2,195		2,061		687		650
Accumulated benefit obligation		2,332		2,202		905		834

Weighted average assumptions used to determine benefit obligations and net periodic pension costs for pension plans, and accumulated postretirement benefit obligation and net postretirement benefit cost for postretirement plans

	U.S.						Non-U.S.

	2010			2009			2010			2009
Discount rate		5.24	%		5.84	%		5.28	%		5.64	%
Rate of compensation increase		4.50	%		5.00	%		3.49	%		3.54	%

	U.S.									Non-U.S.

	2010			2009			2008			2010			2009			2008
Discount rate		5.84	%		6.45	%		6.17	%		5.64	%		5.88	%		5.46	%
Rate of compensation increase		5.00	%		5.00	%		5.00	%		3.54	%		2.65	%		3.39	%
Expected long-term rate of return on assets		8.00	%		8.00	%		8.50	%		6.78	%		6.95	%		6.96	%

	U.S.									Non-U.S.

	2010			2009			2008			2010			2009			2008
Accumulated post retirement benefit obligation		5.09	%		5.68	%		6.40	%		5.02	%		5.60	%		6.40	%
Net postretirement benefit cost		5.68	%		6.40	%		6.16	%		5.60	%		6.40	%		5.20	%

Fair values of defined benefit pension plan assets and target allocations

	2010						2009

	2010						2009						Target Allocation
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Target Allocation
Cash and cash equivalents	$	28	$	1	$	—	$	36	$	10	$	—
Equity securities		383		167				406		95				44 - 54	%
Debt securities		523		90		8		515		81		9		39 - 49	%
Real estate						11						11		0 - 9	%
Other		68						54		6				0 - 8	%

Total assets at fair value	$	1,002	$	258	$	19	$	1,011	$	192	$	20

Reconciliation of pension plan assets recorded at fair value using significant unobservable inputs (Level 3)

		2010			2009

Beginning balance		$	20		$	29
	Net decrease		(1	)		(9	)

Ending balance		$	19		$	20

Estimated future benefit payments for defined benefit pension plans and postretirement plans

Year(s)	U.S.		Non-U.S.

2011	$	176	$	81
2012		173		81
2013		170		82
2014		170		85
2015		170		87
2016 - 2020		854		440

Year(s)	U.S.		Non-U.S.

2011	$	17	$	4
2012		17		4
2013		16		4
2014		16		5
2015		16		5
2016 - 2020		71		26

Weighted average assumed health care cost trend rates

	U.S.						Non-U.S.

	2010			2009			2010			2009
Health care cost trend rate assumed for next year		8.00	%		8.00	%		8.00	%		9.00	%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)		5.00	%		5.00	%		5.00	%		5.00	%
Year that the rate reaches the ultimate trend rate		2016			2015			2014			2013

Effects of one-percentage-point change in assumed health care cost trend rates on amount reported for the postretirement benefit plans

	U.S.					Non-U.S.

	1-Percentage-Point					1-Percentage-Point
	Increase		Decrease			Increase		Decrease
Effect on total of service and interest cost	$	1	$	—		$	1	$	(1	)
Effect on accumulated postretirement benefit obligations		7		(6	)		10		(8	)

Restructuring Accruals (Tables)

12 Months Ended

Dec. 31, 2010

Restructuring Accruals.

Restructuring Accruals

		Employee Costs			Asset Impairment			Other			Total

2007 Charges		$	26		$	22		$	7		$	55
Write-down of assets to net realizable value						(22	)		(2	)		(24	)

	Balance at December 31, 2007		26			—			5			31
2008 charges			70			32			30			132
Write-down of assets to net realizable value						(32	)		(5	)		(37	)
Net cash paid, principally severance and related benefits			(36	)					(7	)		(43	)
Other, including foreign exchange translation			(13	)					(6	)		(19	)

	Balance at December 31, 2008		47			—			17			64
2009 charges			110			79			18			207
Write-down of assets to net realizable value						(79	)					(79	)
Net cash paid, principally severance and related benefits			(57	)					(8	)		(65	)
Other, including foreign exchange translation			(7	)					(1	)		(8	)

	Balance at December 31, 2009		93			—			26			119
2010 charges			(4	)		3			14			13
Write-down of assets to net realizable value						(3	)					(3	)
Net cash paid, principally severance and related benefits			(47	)					(14	)		(61	)
Other, including foreign exchange translation			(15	)					(1	)		(16	)

	Balance at December 31, 2010	$	27		$	—		$	25		$	52

Contingencies (Tables)

12 Months Ended

Dec. 31, 2010

Contingencies

Asbestos filings and the claims pending at the end of each listed year



Pending at beginning of year	7,000	11,000	14,000
Disposed	4,000	10,000	8,000
Filed	3,000	6,000	5,000

Pending at end of year	6,000	7,000	11,000

Segment Information (Tables)

12 Months Ended

Dec. 31, 2010

Segment Information

Net sales for the Company's reportable segments

		2010		2009		2008

Net Sales:
	Europe	$	2,746	$	2,918	$	3,498
	North America		1,879		2,074		2,210
	South America		975		689		791
	Asia Pacific		996		925		964

Reportable segment totals			6,596		6,606		7,463
	Other		37		46		77

Net sales		$	6,633	$	6,652	$	7,540

Segment operating profit (loss) for the Company's reportable segments

		2010			2009			2008

Segment Operating Profit:
	Europe	$	324		$	333		$	478
	North America		275			282			185
	South America		224			145			221
	Asia Pacific		141			131			163

Reportable segment totals			964			891			1,047
Items excluded from Segment Operating Profit:
	Retained corporate costs and other		(89	)		(67	)		(1	)
	Restructuring and asset impairment		(13	)		(207	)		(133	)
	Acquisition-related fair value inventory adjustments and restructuring, transaction and financing costs		(32	)
	Charge for currency remeasurement					(18	)
	Charge for asbestos related costs		(170	)		(180	)		(250	)
Interest income			13			18			25
Interest expense			(249	)		(222	)		(253	)

Earnings from continuing operations before income taxes		$	424		$	215		$	435

Assets, equity earnings, capital expenditures and depreciation and amortization expense for the Company's reportable segments

			Europe		North America		South America		Asia Pacific		Reportable Segment Totals		Retained Corp Costs and Other		Consolidated Totals

Total assets(1):
	2010		$	3,618	$	1,961	$	1,680	$	2,047	$	9,306	$	448	$	9,754
	2009			3,852		1,900		729		1,683		8,164		563		8,727
	2008			3,758		1,803		627		1,240		7,428		549		7,977
Equity investments:
	2010		$	53	$	17	$	5	$	179	$	254	$	45	$	299
	2009			48		19		1				68		46		114
	2008			39		15		3				57		45		102
Equity earnings:
	2010		$	19	$	15			$	1	$	35	$	24	$	59
	2009			13		14						27		26		53
	2008			14		13						27		24		51
Capital expenditures(2):
	2010
		Continuing	$	151	$	156	$	96	$	85	$	488	$	12	$	500
		Discontinued												3		3
	2009
		Continuing		170		103		46		81		400		7		407
		Discontinued												21		21
	2008
		Continuing		152		91		35		58		336		4		340
		Discontinued												22		22
Depreciation and amortization expense:
	2010
		Continuing	$	172	$	107	$	50	$	70	$	399	$	11	$	410
		Discontinued												3		3
	2009
		Continuing		179		99		39		67		384		11		395
		Discontinued												11		11
	2008
		Continuing		222		99		45		81		447		10		457
		Discontinued												11		11

(1): Retained Corporate Costs and Other includes assets of discontinued operations.
(2): Excludes property, plant and equipment acquired through acquisitions.

Schedule of segment information by geographic segment

The Company's net property, plant, and equipment by geographic segment are as follows:

	United States		Non-U.S.		Total

2010	$	703	$	2,404	$	3,107
2009		639		2,072		2,711
2008		679		1,890		2,569

The Company's net sales by geographic segment are as follows:

	United States		Non-U.S.		Total

2010	$	1,676	$	4,957	$	6,633
2009		1,878		4,774		6,652
2008		1,895		5,645		7,540

Goodwill (Tables)

12 Months Ended

Dec. 31, 2010

Goodwill

Schedule of changes in carrying amount of goodwill

	North America			Europe			Asia Pacific			South America		Other			Total

Balance as of January 1, 2008	$	746		$	1,119		$	557		$	—	$	6		$	2,428
Translation effects		(29	)		(58	)		(123	)							(210	)
Other changes					(10	)							(1	)		(11	)

Balance as of December 31, 2008		717			1,051			434			—		5			2,207
Translation effects		19			30			125								174

Balance as of December 31, 2009		736			1,081			559			—		5			2,381
Acquisitions								53			376					429
Translation effects		7			(72	)		65			11					11

Balance as of December 31, 2010	$	743		$	1,009		$	677		$	387	$	5		$	2,821

Other Assets (Tables)

12 Months Ended

Dec. 31, 2010

Other Assets

Schedule of other assets

	2010		2009

Deferred tax asset	$	232	$	232
Intangibles		29		22
Capitalized software		78		59
Deferred finance fees		50		36
Deferred returnable packaging costs		73		75
Other		126		98

	$	588	$	522

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2010

Business Combinations.

Fair values of the assets and liabilities assumed


Current assets		$	83
Goodwill			343
Other long-term assets			82
Net property, plant, and equipment			200

	Total assets		708
Current liabilities			(57	)
Long-term liabilities			(79	)

	Net assets acquired	$	572

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2010

Discontinued Operations.

Summarized Consolidated Results of Operations and Consolidated Balance Sheet of the discontinued operations for the Venezuelan subsidiaries

	Years ended December 31,

	2010			2009			2008
Net sales	$	129		$	415		$	345
Manufacturing, shipping, and delivery		(86	)		(266	)		(214	)

Gross profit		43			149			131
Selling and administrative expense		(5	)		(13	)		(13	)
Research, development, and engineering expense					(1	)		(1	)
Interest income					11			13
Other expense		3			(36	)		(8	)

Earnings from discontinued operations before income taxes		41			110			122
Provision for income taxes		(10	)		(44	)		(26	)

Earnings from discontinued operations		31			66			96
Loss on disposal of discontinued operations		(331	)

Net earnings (loss) from discontinued operations		(300	)		66			96
Net earnings from discontinued operations attributable to noncontrolling interests		(5	)		(14	)		(20	)

Net earnings (loss) from discontinued operations attributable to the Company	$	(305	)	$	52		$	76

			Balance at December 31, 2009

Assets:
	Cash		$	57
	Accounts receivable			21
	Inventories			11
	Prepaid expenses			3

		Total current assets		92
	Other long-term assets			3
	Net property, plant, and equipment			31

Total assets			$	126

Liabilities:
	Accounts payable and other current liabilities		$	12
	Other long-term liabilities			15

Total liabilities			$	27

Financial Information for Subsidiary Guarantors and Non-Guarantors (Tables)

12 Months Ended

Dec. 31, 2010

Financial Information for Subsidiary Guarantors and Non-Guarantors

Balance Sheet

		December 31, 2010

Balance Sheet		Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
	Accounts receivable	$	—	$	—	$	1,075	$	—		$	1,075
	Inventories						946					946
	Other current assets						717					717

Total current assets			—		—		2,738		—			2,738
Investments in and advances to subsidiaries			2,541		2,291				(4,832	)		—
Goodwill							2,821					2,821
Other non-current assets							1,088					1,088

Total other assets			2,541		2,291		3,909		(4,832	)		3,909
Property, plant and equipment, net							3,107					3,107

Total assets		$	2,541	$	2,291	$	9,754	$	(4,832	)	$	9,754

Current liabilities:
	Accounts payable and accrued liabilities	$	—	$	—	$	1,555	$	—		$	1,555
	Current portion of asbestos liability		170									170
	Short-term loans and long-term debt due within one year		—				354					354

Total current liabilities			170		—		1,909		—			2,079
Long-term debt			250				3,924		(250	)		3,924
Asbestos-related liabilities			306									306
Other non-current liabilities							1,419					1,419
Total share owners' equity of the Company			1,815		2,291		2,291		(4,582	)		1,815
Noncontrolling interests							211					211

Total liabilities and share owners' equity		$	2,541	$	2,291	$	9,754	$	(4,832	)	$	9,754

		December 31, 2009

Balance Sheet		Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
	Accounts receivable	$	—	$	—	$	983	$	—		$	983
	Inventories						889					889
	Other current assets						833					833
	Assets of discontinued operations						92					92

Total current assets			—		—		2,797		—			2,797
Investments in and advances to subsidiaries			2,301		2,023				(4,324	)		—
Goodwill							2,381					2,381
Other non-current assets							804					804
Assets of discontinued operations							34					34

Total other assets			2,301		2,023		3,219		(4,324	)		3,219
Property, plant and equipment, net							2,711					2,711

Total assets		$	2,301	$	2,023	$	8,727	$	(4,324	)	$	8,727

Current liabilities:
	Accounts payable and accrued liabilities	$	—	$	—	$	1,497	$	—		$	1,497
	Current portion of asbestos liability		175									175
	Short-term loans and long-term debt due within one year		28				350		(28	)		350
	Liabilities of discontinued operations						12					12

Total current liabilities			203		—		1,859		(28	)		2,034
Liabilities of discontinued operations							15					15
Long-term debt			250				3,258		(250	)		3,258
Asbestos-related liabilities			310									310
Other non-current liabilities							1,374					1,374
Total share owners' equity of the Company			1,538		2,023		2,023		(4,046	)		1,538
Noncontrolling interests							198					198

Total liabilities and share owners' equity		$	2,301	$	2,023	$	8,727	$	(4,324	)	$	8,727

Results of Operations

	Year ended December 31, 2010

Results of Operations	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	6,633		$	—		$	6,633
Manufacturing, shipping, and delivery								(5,283	)					(5,283	)

Gross profit		—			—			1,350			—			1,350
Research, engineering, selling, administrative, and other		(170	)					(611	)					(781	)
External interest expense		(21	)					(228	)					(249	)
Intercompany interest expense					(21	)		(21	)		42			—
External interest income								13						13
Intercompany interest income		21			21						(42	)		—
Equity earnings from subsidiaries		109			109						(218	)		—
Other equity earnings								59						59
Other revenue								32						32

Earnings before income taxes		(61	)		109			594			(218	)		424
Provision for income taxes		8						(137	)					(129	)

Earnings (loss) from continuing operations		(53	)		109			457			(218	)		295
Earnings from discontinued operations								31			—			31
Loss on disposal of discontinued operations		6						(337	)					(331	)

Net earnings (loss)		(47	)		109			151			(218	)		(5	)
Net earnings attributable to noncontrolling interests								(42	)					(42	)

Net earnings (loss) attributable to the Company	$	(47	)	$	109		$	109		$	(218	)	$	(47	)

	Year ended December 31, 2009

Results of Operations	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	6,652		$	—		$	6,652
Manufacturing, shipping, and delivery								(5,317	)					(5,317	)

Gross profit		—			—			1,335			—			1,335
Research, engineering, selling, administrative, and other		(180	)					(813	)					(993	)
External interest expense		(39	)					(183	)					(222	)
Intercompany interest expense					(39	)		(39	)		78			—
External interest income								18						18
Intercompany interest income		39			39						(78	)		—
Equity earnings from subsidiaries		249			249						(498	)		—
Other equity earnings								53						53
Other revenue								24						24

Earnings before income taxes		69			249			395			(498	)		215
Provision for income taxes		27						(110	)					(83	)

Earnings from continuing operations		96			249			285			(498	)		132
Earnings from discontinued operations		66			66			66			(132	)		66

Net earnings		162			315			351			(630	)		198
Net earnings attributable to noncontrolling interests								(36	)					(36	)

Net earnings attributable to the Company	$	162		$	315		$	315		$	(630	)	$	162

	Year ended December 31, 2008

Results of Operations	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	7,540		$	—		$	7,540
Manufacturing, shipping, and delivery								(5,994	)					(5,994	)

Gross profit		—			—			1,546			—			1,546
Research, engineering, selling, administrative, and other		(250	)					(711	)					(961	)
External interest expense		(46	)					(207	)					(253	)
Intercompany interest expense					(46	)		(46	)		92			—
External interest income								25						25
Intercompany interest income		46			46						(92	)		—
Equity earnings from subsidiaries		403			403						(806	)		—
Other equity earnings								51						51
Other revenue								27						27

Earnings from continuing operations before income taxes		153			403			685			(806	)		435
Provision for income taxes		2						(212	)					(210	)

Earnings from continuing operations		155			403			473			(806	)		225
Earnings from discontinued operations		96			96			96			(192	)		96
Gain on disposal of discontinued operations		7			7			7			(14	)		7

Net earnings		258			506			576			(1,012	)		328
Net earnings attributable to noncontrolling interests								(70	)					(70	)

Net earnings attributable to the Company	$	258		$	506		$	506		$	(1,012	)	$	258

Cash Flows

	Year ended December 31, 2010

Cash Flows	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(179	)	$	—	$	771		$	—	$	592
Cash utilized in investing activities							(1,314	)				(1,314	)
Cash provided by financing activities		179					368					547
Effect of exchange rate change on cash							3					3

Net change in cash		—			—		(172	)		—		(172	)
Cash at beginning of period							812					812

Cash at end of period	$	—		$	—	$	640		$	—	$	640

	Year ended December 31, 2009

Cash Flows	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(190	)	$	—	$	990		$	—	$	800
Cash utilized in investing activities							(418	)				(418	)
Cash provided by (utilized in) financing activities		190					(76	)				114
Effect of exchange rate change on cash							(64	)				(64	)

Net change in cash		—			—		432			—		432
Cash at beginning of period							380					380

Cash at end of period	$	—		$	—	$	812		$	—	$	812

	Year ended December 31, 2008

Cash Flows	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(209	)	$	—	$	966		$	—	$	757
Cash utilized in investing activities							(377	)				(377	)
Cash provided by (utilized in) financing activities		209					(574	)				(365	)
Effect of exchange rate change on cash							(23	)				(23	)

Net change in cash		—			—		(8	)		—		(8	)
Cash at beginning of period							388					388

Cash at end of period	$	—		$	—	$	380		$	—	$	380

Significant Accounting Policies (Details)	12 Months Ended
Significant Accounting Policies (Details)	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Significant Accounting Policies
Equity method investment ownership minimum percentage (in percent)	20.00%
Equity method investment ownership maximum percentage (in percent)	50.00%
Number of countries in which the entity operates	21
Maximum original maturity period of cash and time deposits to be cash equivalents (in months)	3
Number of non-qualified plans of the entity	5
Assumptions used in the Black-Scholes single option pricing model
Range of expected lives of options (years)	4.75	4.75	4.75
Range of expected stock price volatilities, low end range (in percent)	52.40%	42.00%	29.00%
Range of expected stock price volatilities, high end range (in percent)	53.90%	52.00%	39.80%
Weighted average expected stock price volatilities (in percent)	53.30%	46.30%	31.40%
Range of risk-free interest rates, low end range (in percent)	1.20%	1.30%	1.50%
Range of risk-free interest rates, high end range (in percent)	2.50%	2.10%	3.70%
Expected dividend yield (in percent)	0.00%	0.00%	0.00%
Factory machinery and equipment
Property, Plant and Equipment
Estimated useful lives, minimum (in years)	5
Estimated useful lives, maximum (in years)	25
Glass-melting furnaces and forming machines
Property, Plant and Equipment
Estimated useful lives, minimum (in years)	7
Estimated useful lives, maximum (in years)	15
Buildings and building equipment
Property, Plant and Equipment
Estimated useful lives, minimum (in years)	10
Estimated useful lives, maximum (in years)	50

Earnings Per Share (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Numerator:
Net earnings (loss) attributable to the Company	$ (47)	$ 162	$ 258
Convertible preferred stock dividends			(5)
Net earnings attributable to participating securities		(1)	(3)
Numerator for basic earnings per share - income available to common share owners	$ (47)	$ 161	$ 250
Denominator:
Denominator for basic earnings per share - weighted average shares outstanding (in shares)	164,271,000	167,687,000	163,178,000
Effect of dilutive securities:
Convertible preferred stock (in shares)			2,147,000
Stock options and other (in shares)	2,807,000	2,853,000	4,352,000
Denominator for diluted earnings per share - adjusted weighted average shares and assumed exchanges of preferred stock for common stock (in shares)	167,078,000	170,540,000	169,677,000
Basic earnings per share:
Earnings from continuing operations (in dollars per share)	$ 1.57	$ 0.65	$ 1.03
Earnings from discontinued operations (in dollars per share)	$ 0.14	$ 0.31	$ 0.46
Gain (loss) on disposal of discontinued operations (in dollars per share)	$ (2.00)		$ 0.04
Net earnings (loss) (in dollars per share)	$ (0.29)	$ 0.96	$ 1.53
Diluted earnings per share:
Earnings from continuing operations (in dollars per share)	$ 1.55	$ 0.65	$ 1.03
Earnings from discontinued operations (in dollars per share)	$ 0.14	$ 0.30	$ 0.45
Gain (loss) on disposal of discontinued operations (in dollars per share)	$ (1.97)		$ 0.04
Net earnings (loss) (in dollars per share)	$ (0.28)	$ 0.95	$ 1.52
Weighted average shares of common stock attributable to options not included in diluted earnings per share (in shares)	687,353	994,834	241,711
Exchange price of 2015 exchangeable notes (in dollars per share)	$ 47.47

Supplemental Cash Flow Information (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Decrease (increase) in current assets:
Receivables	$ (60)	$ (12)	$ 75
Inventories	(29)	152	(64)
Prepaid expenses and other	9	(23)	45
Increase (decrease) in current liabilities:
Accounts payable	17	29	(65)
Accrued liabilities	(3)	(20)	(51)
Salaries and wages	(13)	20	(39)
U.S. and foreign income taxes	8	10	(49)
Changes in components of working capital, total	(71)	156	(148)
Interest paid in cash	229	195	252
Supplemental Cash Flow Information
U.S. income taxes paid (received) - continuing	2	(2)	(1)
Non-U.S. income taxes paid - continuing	123	147	154
Non-U.S. income taxes paid - discontinued operations	7	49	8
Income taxes paid in cash	$ 132	$ 194	$ 161

Inventories (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2010	Dec. 31, 2009
Inventories.
Finished goods	$ 786	$ 734
Raw materials	106	104
Operating supplies	54	51
Inventories	946	889
Excess of current costs over stated LIFO value	39	43
Inventories valued at the lower of standard costs or market	$ 835	$ 762

Equity Investments (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
At end of year:
Current assets	$ 271	$ 218
Non-current assets	552	314
Total assets	823	532
Current liabilities	148	138
Other liabilities and deferred items	174	146
Total liabilities and deferred items	322	284
Net assets	501	248
For the year:
Net sales	731	549	636
Gross profit	227	200	228
Net earnings	162	158	154
Dividends received	62	34	25
Equity Investments Information
Equity earnings	59	53	51
Percentage of equity method investments (in percent)	50.00%
U.S.
Equity Investments Information
Equity earnings	39	40	37
Non-U.S.
Equity Investments Information
Equity earnings	$ 20	$ 13	$ 14
Vetri Speciali SpA
Equity Investments Information
Percentage of equity method investments (in percent)	50.00%
General Chemical Soda Ash (Partners)
Equity Investments Information
Percentage of equity method investments (in percent)	25.00%
Rocky Mountain Bottle Company
Equity Investments Information
Percentage of equity method investments (in percent)	50.00%
BJC O-I Glass Pte. Ltd
Equity Investments Information
Percentage of equity method investments (in percent)	50.00%

Debt (Details)	12 Months Ended																	3 Months Ended	12 Months Ended							12 Months Ended						1 Months Ended			3 Months Ended				12 Months Ended
Debt (Details)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)	Dec. 31, 2010 Secured Credit Agreement AUD	Dec. 31, 2010 Secured Credit Agreement USD ($)	Dec. 31, 2010 Revolving Loans USD ($)	Dec. 31, 2010 Term Loan A (90 million AUD at Dec. 31, 2010) USD ($)	Dec. 31, 2010 Term Loan A (90 million AUD at Dec. 31, 2010) AUD	Dec. 31, 2009 Term Loan A (90 million AUD at Dec. 31, 2010) USD ($)	Dec. 31, 2010 Term Loan B USD ($)	Dec. 31, 2009 Term Loan B USD ($)	Dec. 31, 2010 Term Loan C (111 million CAD at Dec. 31, 2010) USD ($)	Dec. 31, 2010 Term Loan C (111 million CAD at Dec. 31, 2010) CAD	Dec. 31, 2009 Term Loan C (111 million CAD at Dec. 31, 2010) USD ($)	Dec. 31, 2010 Term Loan D (190 million EUR at Dec. 31, 2010) USD ($)	Dec. 31, 2010 Term Loan D (190 million EUR at Dec. 31, 2010) EUR (€)	Dec. 31, 2009 Term Loan D (190 million EUR at Dec. 31, 2010) USD ($)	Jun. 30, 2010 Senior Notes 8.25%, due 2013 USD ($)	Dec. 31, 2010 Senior Notes 8.25%, due 2013 USD ($)	Dec. 31, 2009 Senior Notes 8.25%, due 2013 USD ($)	Dec. 31, 2010 Senior Notes 6.75%, due 2014 USD ($)	Dec. 31, 2009 Senior Notes 6.75%, due 2014 USD ($)	Dec. 31, 2010 Senior Notes 6.75%, due 2014 (225 million EUR) USD ($)	Dec. 31, 2010 Senior Notes 6.75%, due 2014 (225 million EUR) EUR (€)	Dec. 31, 2009 Senior Notes 6.75%, due 2014 (225 million EUR) USD ($)	Dec. 31, 2010 Senior Notes 3.00%, Exchangeable, due 2015 USD ($)	Dec. 31, 2010 Senior Notes 7.375%, due 2016 USD ($)	Dec. 31, 2009 Senior Notes 7.375%, due 2016 USD ($)	Dec. 31, 2010 Senior Notes 6.875%, due 2017 (300 million EUR) USD ($)	Dec. 31, 2010 Senior Notes 6.875%, due 2017 (300 million EUR) EUR (€)	Dec. 31, 2009 Senior Notes 6.875%, due 2017 (300 million EUR) USD ($)	Sep. 30, 2010 Senior Notes 6.75%, due 2020 (500 million EUR) USD ($)	Dec. 31, 2010 Senior Notes 6.75%, due 2020 (500 million EUR) USD ($)	Sep. 30, 2010 Senior Notes 6.75%, due 2020 (500 million EUR) EUR (€)	Jun. 30, 2009 Senior Debentures 7.50%, due 2010 USD ($)	Dec. 31, 2009 Senior Debentures 7.50%, due 2010 USD ($)	Dec. 31, 2010 Senior Debentures 7.80%, due 2018 USD ($)	Dec. 31, 2009 Senior Debentures 7.80%, due 2018 USD ($)	Dec. 31, 2010 Other debt USD ($)	Dec. 31, 2009 Other debt USD ($)	Dec. 31, 2010 Accounts Receivable Securitization Programs USD ($)	Dec. 31, 2009 Accounts Receivable Securitization Programs USD ($)	Dec. 31, 2010 European Accounts Receivable Securitization Program EUR (€)	Sep. 30, 2010 Receivables Financing Program (10 million NZD) NZD
Debt Instrument
Total long-term debt	$ 4,021,000,000	$ 3,308,000,000					$ 92,000,000	90,000,000	$ 144,000,000	$ 190,000,000	$ 190,000,000	$ 111,000,000	111,000,000	$ 105,000,000	$ 253,000,000	€ 190,000,000	$ 274,000,000			$ 460,000,000	$ 400,000,000	$ 400,000,000	$ 300,000,000		$ 325,000,000	$ 607,000,000	$ 585,000,000	$ 582,000,000	$ 401,000,000		$ 433,000,000		$ 668,000,000			$ 28,000,000	$ 250,000,000	$ 250,000,000	$ 164,000,000	$ 117,000,000
Less amounts due within one year	97,000,000	50,000,000
Long-term debt	3,924,000,000	3,258,000,000
Maximum Borrowing Capacity						900,000,000																																					250,000,000	10,000,000
Face Value																								225,000,000		690,000,000				300,000,000				500,000,000	250,000,000
Repayments of long-term debt	573,000,000	832,000,000	945,000,000	70,000,000
Unused Credit					732,000,000
Interest rate, including applicable margin, Eurocurrency rate loans, low end range (in percent)				0.875%
Interest rate, including applicable margin, Eurocurrency rate loans, high end range (in percent)				1.75%
Interest rate, including applicable margin, Base rate loans, low end range (in percent)				(0.125%)
Interest rate, including applicable margin, Base rate loans, high end range (in percent)				0.75%
Facility fee payable, low end range (in percent)						0.20%
Facility fee payable, high end range (in percent)						0.50%
Weighted Average Interest Rate (in percent)					2.67%
Interest rate, stated percentage (in percent)																			8.25%		6.75%		6.75%	6.75%		3.00%	7.375%		6.875%	6.875%				6.75%		7.50%	7.80%
Secured debt collateral book value					2,600,000,000
Net proceeds after deducting debt issuance costs	1,392,000,000	1,080,000,000	686,000,000																							672,000,000						625,000,000
Exchange price of 2015 exchangeable notes (in dollars per share)	$ 47.47																									$ 47.47
Exchange rate per $1000 principal amount																										21.0642
Exchangeable debt principal amount, basis for exchange																										1,000
Minimum stock price that must be exceeded for exchangeable notes to be exchanged (in dollars per share)																										$ 61.71
Percentage of the exchange price used to determine the minimum stock price that must be exceeded for exchangeable notes to be exchanged (in percent)																										130.00%
Percentage of the average exchange value below which the notes may become exchangeable into shares (in percent)																										98.00%
Actual percentage of the average exchange value (in percent)																										157.00%
Company's non-exchangeable debt borrowing rate, percent (in percent)																										6.15%
Unamortized discount on exchangeable notes																										83,000,000
Carrying amount of equity component																										93,000,000
Contractual coupon interest																										14,000,000
Amortization of discount on exchangeable notes																										10,000,000
Total interest expense	249,000,000	222,000,000	253,000,000																							24,000,000
Additional interest charges	9,000,000																	9,000,000
Face value of debt instrument redeemed																			450,000,000																222,000,000
Reduction of interest expense, recognition of unamortized proceeds from terminated interest rate swaps	9,000,000																	9,000,000
Short-term loans	257,000,000	300,000,000																																							247,000,000	289,000,000
Weighted Average Interest Rate, Short-term Debt (in percent)																																									2.40%	2.52%
Principal Amount																					400,000,000		300,000,000			690,000,000	600,000,000		401,000,000				668,000,000				250,000,000
Indicated Market Price																					102.50		102.25			101.24	107.84		103.98				101.20				107.34
Fair Value																					410,000,000		307,000,000			699,000,000	647,000,000		417,000,000				676,000,000				268,000,000
Capital lease obligations capitalized																																							$ 24,000,000	$ 17,000,000

Debt (Details 2) (USD $) In Millions, unless otherwise specified	Dec. 31, 2010
Annual maturities of long-term debt through 2015
2011	$ 97
2012	203
2013	459
2014	720
2015	$ 705

Operating Leases (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Operating Leases
Rent expense attributable to warehouse, office buildings and equipment operating leases	$ 115	$ 110	$ 99
Minimum future rentals under operating leases
2011	60
2012	48
2013	35
2014	23
2015	18
2016 and thereafter	$ 20

Foreign Currency Transactions (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Foreign Currency Transactions
Aggregate foreign currency exchange gains (losses) included in other expense	$ (3)	$ (1)	$ 10

Derivative Instruments (Details) (USD $) In Millions, unless otherwise specified		3 Months Ended	12 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2010	Jun. 30, 2009 Senior Debentures 7.50%, due 2010	Dec. 31, 2010 Senior Notes 8.25%, due 2013	Jun. 30, 2009 Interest Rate Swaps Fair Value Hedges Senior Debentures 7.50%, due 2010	Jun. 30, 2009 Interest Rate Swaps Fair Value Hedges Senior Notes 8.25%, due 2013	Dec. 31, 2010 Interest Rate Swaps Interest Expense Fair Value Hedges	Dec. 31, 2009 Interest Rate Swaps Interest Expense Fair Value Hedges	Dec. 31, 2008 Interest Rate Swaps Interest Expense Fair Value Hedges
Derivative Instruments, Gain (Loss)
Interest rate swaps notional amount	$ 700
Face Value		250			450
Interest Rate Swaps Designated as Fair Value Hedges
Proceeds from termination of interest rate swaps				5	12
Interest rate swaps gain (loss) recognized							(11)	26
Related long-term debt gain (loss) recognized							11	(26)
Proceeds recognized and amortized for terminated interest rate swaps				4		10	7
Net impact on interest expense						10	7
Extinguishment of Debt Carrying Amount		$ 222	$ 450

Derivative Instruments (Details 2)	12 Months Ended				12 Months Ended
Derivative Instruments (Details 2)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)	Dec. 31, 2010 EUR (€)	Dec. 31, 2010 Commodity futures contracts Cash Flow Hedges USD ($)	Dec. 31, 2009 Commodity futures contracts Cash Flow Hedges USD ($)
Commodity Futures Contracts Designated as Cash Flow Hedges
Coverage of commodity futures contracts (in MM BTUs)					8,900,000	4,800,000
Unrecognized loss included in Accumulated OCI, after tax					$ 3,000,000	$ 1,000,000
Period during which unrecognized loss included in Accumulated OCI will be reclassified into earnings					From 12 months to 24 months
Effect of the derivative instruments on the results of operations
Commodity futures contracts gain (loss) recognized in OCI	(11,000,000)	(24,000,000)	(27,000,000)
Commodity futures contracts gain (loss) reclassified from accumulated OCI into income	(9,000,000)	(61,000,000)	6,000,000
Senior notes designated as net investment hedge				225,000,000
Net investment hedge gain (loss) recognized in OCI	24,000,000	(9,000,000)	15,000,000
Net investment hedge gain (loss) reclassified from accumulated OCI into income
Forward exchange and option agreements in various currencies	1,700,000,000	1,000,000,000
Foreign exchange contracts gain (loss) recognized in income	$ 18,000,000	$ (8,000,000)	$ (4,000,000)

Derivative Instruments (Details 3) (USD $) In Millions, unless otherwise specified	Dec. 31, 2010	Dec. 31, 2009
Asset Derivatives:
Derivatives not designated as hedging instruments	$ 8	$ 6
Total asset derivatives	8	7
Liability Derivatives:
Total liability derivatives	24	5
Commodity futures contracts \| Receivables
Asset Derivatives:
Derivatives designated as hedging instruments		1
Commodity futures contracts \| Other liabilities (current)
Liability Derivatives:
Derivatives designated as hedging instruments	3	2
Foreign exchange contract \| Receivables
Asset Derivatives:
Derivatives not designated as hedging instruments	5	6
Foreign exchange contract \| Deposits, receivables, and other assets
Asset Derivatives:
Derivatives not designated as hedging instruments	2
Foreign exchange contract \| Other liabilities (current)
Asset Derivatives:
Derivatives not designated as hedging instruments	1
Liability Derivatives:
Derivatives not designated as hedging instruments	$ 21	$ 3

Accumulated Other Comprehensive Income (Loss) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Increase (Decrease) Accumulated Other Comprehensive Income (Loss) Net of Tax
Balance on January 1	$ (1,318)
Tax effect
Intraperiod tax allocation	8	48
Disposal of Venezeulan operations	246
Balance on Dec. 31	(897)	(1,318)
Loss related due to entity's decision to translate the balance sheets of its Venezuelan subsidiaries using the parallel market rate		133
Net Effect of Exchange Rate Fluctuations
Increase (Decrease) Accumulated Other Comprehensive Income (Loss) Net of Tax
Balance on January 1	290	61	493
Change	122	229	(432)
Disposal of Venezeulan operations	260
Balance on Dec. 31	672	290	61
Deferred Tax Effect for Translation
Increase (Decrease) Accumulated Other Comprehensive Income (Loss) Net of Tax
Balance on January 1		13	13
Tax effect
Balance on Dec. 31	13	13	13
Change in Certain Derivative Instruments
Increase (Decrease) Accumulated Other Comprehensive Income (Loss) Net of Tax
Balance on January 1	(14)	(38)	(5)
Change	(2)	37	(33)
Intraperiod tax allocation		(13)
Balance on Dec. 31	(16)	(14)	(38)
Employee Benefit Plans
Increase (Decrease) Accumulated Other Comprehensive Income (Loss) Net of Tax
Balance on January 1	(1,607)	(1,657)	(678)
Change	60	133	(1,080)
Translation effect	(1)	(34)	46
Tax effect	(4)	(14)	55
Intraperiod tax allocation	(14)	(35)
Balance on Dec. 31	(1,566)	(1,607)	(1,657)
Accumulated Other Comprehensive Loss
Increase (Decrease) Accumulated Other Comprehensive Income (Loss) Net of Tax
Balance on January 1	(1,318)	(1,621)	(177)
Change	180	399	(1,545)
Translation effect	(1)	(34)	46
Tax effect	(4)	(14)	55
Intraperiod tax allocation	(14)	(48)
Disposal of Venezeulan operations	260
Balance on Dec. 31	$ (897)	$ (1,318)	$ (1,621)

- Definition

Pre tax change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity for the period being reported. If an entity's functional currency is a foreign currency, translation adjustments result from the process of translating that entity's financial statements into the reporting currency. Includes gain (loss) on foreign currency forward exchange contracts. Includes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. Includes the gain or loss on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain or loss under FAS 52 and that have been designated and have qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Does not include the effect of taxes.

+ References+ Details

Income Taxes (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Continuing operations
U.S.	$ (117)	$ (215)	$ (141)
Non-U.S.	541	430	576
Earnings from continuing operations before income taxes	424	215	435
Discontinued operations;
U.S.			2
Non-U.S.	(296)	110	123
Discontinued operations total	(296)	110	125
Current:
Non-U.S.	141	67	188
Total	141	67	188
Deferred:
U.S.	(10)	(50)	15
Non-U.S.	(2)	66	7
Total	(12)	16	22
Total:
U.S.	(10)	(50)	15
Non-U.S.	139	133	195
Provision for income taxes	129	83	210
Total for discontinued operations	4	44	22
Total	$ 133	$ 127	$ 232

Income Taxes (Details 2) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
A reconciliation of the provision (benefit) for income taxes
Statutory U.S. Federal tax rate (in percent)	35.00%
Tax provision on pretax earnings from continuing operations at statutory U.S. Federal tax rate	$ 148	$ 75	$ 152
Increase (decrease) in provision for income taxes due to:
Non-U.S. income taxes	(25)	(18)	(3)
State taxes, net of federal benefit	(2)	(1)	1
Intraperiod tax allocation - U.S.	(8)	(48)
Tax law changes	1	(3)	(23)
Changes in valuation allowance	11	75	77
Other items	4	3	6
Provision for income taxes	$ 129	$ 83	$ 210

Income Taxes (Details 3) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009
Deferred tax assets:
Accrued postretirement benefits	$ 87	$ 88
Asbestos-related liabilities	167	170
Foreign tax credit	312	312
Operating and capital loss carryovers	455	399
Other credit carryovers	48	43
Accrued liabilities	127	169
Pension liability	138	127
Other	69	70
Total deferred tax assets	1,403	1,378
Deferred tax liabilities:
Property, plant, and equipment	169	149
Exchangable notes	28
Inventory	12	12
Other	80	68
Total deferred tax liabilities	289	229
Valuation allowance	(1,077)	(1,095)
Net deferred taxes	37	54
Deferred taxes are included in the Consolidated Balance Sheets:
Prepaid expenses	8	8
Other assets	232	232
Deferred taxes	(203)	(186)
Net deferred taxes	37	54
Decrease in non-U.S. valuation allowance	$ 38

Income Taxes (Details 4) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Income Taxes
Unused foreign tax credits expiring in 2017	$ 312	$ 312
Unused research tax credits expiring from 2013 to 2030	18
Alternative minimum tax credits	30
Operating and capital loss carryforwards with indefinite life	104
Operating and capital loss carryforwards expiring between 2011 and 2030	351
Equity in undistributed earnings of foreign subsidiaries	2,048
Reconciliation of the Company's total gross unrecognized tax benefits
Balance at January 1	120	90	41
Additions and reductions for tax positions of prior years	26	19	49
Additions based on tax positions related to the current year	5	11	4
Additions for tax positions of prior years on acquisitions	12
Reduction due to lapse of the applicable statute of limitations	(1)	(2)	(2)
Reductions due to settlements	(13)		(2)
Foreign currency translation	(6)	2
Balance at December 31	143	120	90
Unrecognized tax benefits, which if recognized, would impact the Company's effective income tax rate	125	89	60
Accrued interest and penalties	36	22	12
Interest and penalties included in tax expense	4	10	10
Decrease in unrecognized tax benefits related to audit settlements or statute expirations	$ 25
Period during which unrecognized tax benefits are reasonably possible of being settled as a result of audit settlements or statute expirations (in months)	12

Convertible Preferred Stock (Details)	1 Months Ended
Convertible Preferred Stock (Details)	Mar. 31, 2008
Convertible Preferred Stock.
Common stock shares issued for conversion and redemptions of convertible preferred stock (in shares)	8,584,479

Stock Options and Other Stock Based Compensation (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Stock Options and Other Stock Based Compensation
Number of non-qualified plans of the entity	5
Shares authorized under the plans (in shares)	6,588,528
Shares available for grants under the plans (in shares)	6,588,528
Compensation cost for all grants of shares and units	$ 11	$ 20	$ 21
Stock Options \| Shares granted to employees prior to March 22, 2005
Share-based Compensation Arrangement by Share-based Payment Award
Period after which the options granted can be exercisable (in years)	1
Percentage of options which become exercisable on the fifth anniversary of the date of option grant (in percent)	50.00%
Percentage of remaining options which become exercisable on the sixth anniversary of the date of option grant (in percent)	50.00%
Fair value of options, amortization period, high end range (in years)	5
Stock Options \| Shares granted to employees after March 21, 2005
Share-based Compensation Arrangement by Share-based Payment Award
Period after which the options granted can be exercisable (in years)	1
Percentage of options exercisable per year beginning on the first anniversary from date of option granted (in percent)	25.00%
Fair value of options, amortization period, low end range (in years)	1
Fair value of options, amortization period, high end range (in years)	4

Stock Options and Other Stock Based Compensation (Details 2) (Stock Options, USD $) In Millions, except Share data in Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Stock Options
Number of Shares
Options outstanding, Beginning balance (in shares)	4,061
Granted (in shares)	469
Exercised (in shares)	(321)
Forfeited or expired (in shares)	(161)
Options outstanding, ending balance (in shares)	4,048	4,061
Options vested or expected to vest (in shares)	3,995
Options exercisable (in shares)	2,201
Weighted Average Exercise Price (per share)
Options outstanding, Beginning balance (in dollars per share)	$ 18.93
Granted (in dollars per share)	$ 31.21
Exercised (in dollars per share)	$ 15.33
Forfeited or expired (in dollars per share)	$ 19.99
Options outstanding, Closing balance (in dollars per share)	$ 20.60	$ 18.93
Options vested or expected to vest (in dollars per share)	$ 20.60
Options exercisable (in dollars per share)	$ 20.86
Weighted Average Remaining Contractual Term (in years)
Options outstanding, Closing balance (in years)	4.2
Options vested or expected to vest (in years)	4.2
Options exercisable (in years)	3.3
Aggregate Intrinsic Value
Options outstanding, Closing balance	$ 41
Options vested or expected to vest	40
Options exercisable	26
Weighted average grant-date fair value of options granted (per share)	$ 14.60	$ 4.23	$ 16.21
Aggregate intrinsic value of options exercised	5	3	17
Aggregate cash received from options exercised	$ 5	$ 7	$ 15

Stock Options and Other Stock Based Compensation (Details 3) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Stock Options and Other Stock Based Compensation
Unrecognized compensation cost of unvested stock options, restricted shares and performance vested restricted share units	$ 20
Weighted average period during which unrecognized compensation costs would be recognized (in years)	4
Restricted Shares
Restricted share and Performance Vested Restricted Share Units
Nonvested, beginning balance (in shares)	569,000
Granted (in shares)	143,000
Vested (in shares)	(156,000)
Forfeited (in shares)	(20,000)
Nonvested, ending balance (in shares)	536,000	569,000
Nonvested, Beginning balance (in dollars per share)	$ 16.73
Granted (in dollars per share)	$ 31.30	$ 11.85	$ 52.02
Vested (in dollars per share)	$ 18.20
Forfeited (in dollars per share)	$ 19.09
Nonvested, Closing balance (in dollars per share)	$ 20.11	$ 16.73
Total fair value of shares vested	5	4	3
Restricted Shares \| Shares granted to employees prior to March 22, 2005
Restricted share and Performance Vested Restricted Share Units
Period after which shares granted can be vested (in years)	3
Restricted Shares \| Shares granted to employees after March 21, 2005
Restricted share and Performance Vested Restricted Share Units
Percentage of shares vested per year beginning on first anniversary (in percent)	25.00%
Fair value of restricted shares, amortization period, low end range (in years)	1
Fair value of restricted shares, amortization period, high end range (in years)	4
Restricted Shares \| Shares granted to directors prior to 2008
Restricted share and Performance Vested Restricted Share Units
Period within which shares vested cannot be sold (in years)	3
Restricted Shares \| Shares granted to directors after 2007
Restricted share and Performance Vested Restricted Share Units
Period after which shares granted can be vested (in years)	1
Performance Vested Restricted Share Units
Restricted share and Performance Vested Restricted Share Units
Nonvested, beginning balance (in shares)	1,269,000
Granted (in shares)	265,000
Vested (in shares)	(280,000)
Forfeited (in shares)	(34,000)
Nonvested, ending balance (in shares)	1,220,000	1,269,000
Nonvested, Beginning balance (in dollars per share)	$ 18.68
Granted (in dollars per share)	$ 31.10	$ 10.30	$ 52.23
Vested (in dollars per share)	$ 24.20
Forfeited (in dollars per share)	$ 23.22
Nonvested, Closing balance (in dollars per share)	$ 19.99	$ 18.68
Total fair value of shares vested	$ 13
Number of shares issued to holders of vested units	414,000
Shares of common stock received, per unit, by holders of vested units, minimum	0.5
Shares of common stock received, per unit, by holders of vested units, maximum	1.5

Pension Benefit Plans and Other Postretirement Benefits (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009
U.S Pension Plans
Changes in the pension and postretirement benefit obligations
Obligations at beginning of year	$ 2,307	$ 2,136
Change in benefit obligations:
Service cost	25	24
Interest cost	131	134
Actuarial (gain) loss, including the effect of change in discount rates	147	185
Benefit payments	(173)	(180)
Curtailments		(1)
Special termination benefits		9
Net change in benefit obligations	130	171
Obligations at end of year	2,437	2,307
Changes in fair value of pension plan assets
Fair value at beginning of year	2,061	1,785
Change in fair value:
Actual gain (loss) on plan assets	306	459
Benefit payments	(173)	(180)
Employer contributions	1	1
Other		(4)
Net change in fair value of assets	134	276
Fair value at end of year	2,195	2,061
Non-U.S. Pension Plans
Changes in the pension and postretirement benefit obligations
Obligations at beginning of year	1,518	1,320
Change in benefit obligations:
Service cost	21	18
Interest cost	79	82
Actuarial (gain) loss, including the effect of change in discount rates	59	62
Participant contributions	7	7
Benefit payments	(84)	(73)
Curtailments	(3)	(2)
Settlements		(30)
Foreign currency translation	(30)	134
Net change in benefit obligations	49	198
Obligations at end of year	1,567	1,518
Changes in fair value of pension plan assets
Fair value at beginning of year	1,223	922
Change in fair value:
Actual gain (loss) on plan assets	130	167
Benefit payments	(84)	(73)
Employer contributions	22	122
Participant contributions	7	7
Foreign currency translation	(18)	108
Settlements		(30)
Other	(1)
Net change in fair value of assets	56	301
Fair value at end of year	1,279	1,223
U.S Postretirement Benefit Plans
Changes in the pension and postretirement benefit obligations
Obligations at beginning of year	201	193
Change in benefit obligations:
Service cost	1	1
Interest cost	11	12
Actuarial (gain) loss, including the effect of change in discount rates	(1)	14
Benefit payments	(17)	(19)
Net change in benefit obligations	(6)	8
Obligations at end of year	195	201
Non-U.S. Postretirement Benefit Plans
Changes in the pension and postretirement benefit obligations
Obligations at beginning of year	88	67
Change in benefit obligations:
Service cost	1	1
Interest cost	5	4
Actuarial (gain) loss, including the effect of change in discount rates	(10)	8
Benefit payments	(3)	(3)
Foreign currency translation	4	11
Net change in benefit obligations	(3)	21
Obligations at end of year	$ 85	$ 88

Pension Benefit Plans and Other Postretirement Benefits (Details 2) (USD $) In Millions, unless otherwise specified	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
U.S Pension Plans
Defined Benefit Plan Disclosure
Plan assets at fair value	$ 2,195	$ 2,061	$ 1,785
Projected benefit and postretirement benefit obligations	2,437	2,307	2,136
Plan assets less than projected benefit obligations	(242)	(246)
Items not yet recognized in pension expense and net postretirement benefit cost:
Actuarial (gain) loss	1,232	1,272
Prior service credit	(1)	(1)
Total	1,231	1,271
Net amount recognized	989	1,025
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure
Plan assets at fair value	1,279	1,223	922
Projected benefit and postretirement benefit obligations	1,567	1,518	1,320
Plan assets less than projected benefit obligations	(288)	(295)
Items not yet recognized in pension expense and net postretirement benefit cost:
Actuarial (gain) loss	359	369
Prior service credit	(11)	(14)
Total	348	355
Net amount recognized	60	60
U.S Postretirement Benefit Plans
Defined Benefit Plan Disclosure
Projected benefit and postretirement benefit obligations	195	201	193
Items not yet recognized in pension expense and net postretirement benefit cost:
Actuarial (gain) loss	50	56
Prior service credit	(14)	(18)
Total	36	38
Net amount recognized	(159)	(163)
Non-U.S. Postretirement Benefit Plans
Defined Benefit Plan Disclosure
Projected benefit and postretirement benefit obligations	85	88	67
Items not yet recognized in pension expense and net postretirement benefit cost:
Actuarial (gain) loss	(10)	1
Total	(10)	1
Net amount recognized	$ (95)	$ (87)

- Definition

1) For defined benefit pension plans, the benefit obligation is the projected benefit obligation, which is the actuarial present value as of a date of all benefits attributed by the pension benefit formula to employee service rendered prior to that date. The projected benefit obligation is measured using assumptions as to future compensation levels if the pension benefit formula is based on those future compensation levels (pay-related, final-pay, final-average-pay, or career-average-pay plans). For plans with flat-benefit or nonpay-related pension benefit formulas, the accumulated benefit obligation and the projected benefit obligation are the same. 2) For other postretirement defined benefit plans, the benefit obligation is the accumulated postretirement benefit obligation, which is the actuarial present value of benefits attributed to employee service rendered to a particular date. Prior to an employee's full eligibility date, the accumulated postretirement benefit obligation as of a particular date for an employee is the portion of the expected postretirement benefit obligation attributed to that employee's service rendered to that date; on and after the full eligibility date, the accumulated and expected postretirement benefit obligations for an employee are the same.

+ References+ Details

Pension Benefit Plans and Other Postretirement Benefits (Details 3) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Pensions Plans
Changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income
Accumulated benefit obligation	$ 3,714	$ 3,506
U.S Pension Plans
Net amount recognized included in the Consolidated Balance Sheets
Current pension liability and nonpension postretirement benefit, included with Other accrued liabilities	(2)	(1)
Pension benefits and nonpension postretirement benefits	(240)	(245)
Accumulated other comprehensive loss	1,231	1,271
Net amount recognized	989	1,025
Changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income
Current year actuarial (gain) loss	30	(74)
Amortization of actuarial loss	(70)	(39)
Total	(40)	(113)
Changes in benefit obligations were recognized in accumulated other comprehensive income	(40)	(113)
Components of the net pension expense (income) and postretirement benefit cost
Service cost	25	24	24
Interest cost	131	134	132
Expected asset return	(190)	(198)	(222)
Special termination benefits		9
Curtailment (gain) loss		2
Amortization
Actuarial (gain) loss	70	39	25
Net amortization	70	39	25
Net pension expense (income) and net postretirement benefit cost	36	10	(41)
Non-U.S. Pension Plans
Net amount recognized included in the Consolidated Balance Sheets
Prepaid pension	54	46
Current pension liability and nonpension postretirement benefit, included with Other accrued liabilities	(6)	(8)
Pension benefits and nonpension postretirement benefits	(336)	(333)
Accumulated other comprehensive loss	348	355
Net amount recognized	60	60
Changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income
Current year actuarial (gain) loss	8	(37)
Prior service cost due to curtailment	1
Gain due to curtailment	1
Amortization of actuarial loss	(19)	(6)
Amortization of prior service credit	1	1
Total	(8)	(42)
Translation	1	35
Changes in benefit obligations were recognized in accumulated other comprehensive income	(7)	(7)
Components of the net pension expense (income) and postretirement benefit cost
Service cost	21	18	22
Interest cost	79	82	83
Expected asset return	(80)	(79)	(97)
Settlement cost		9
Special termination benefits			4
Curtailment (gain) loss	(1)
Other			(1)
Amortization
Actuarial (gain) loss	19	6	5
Prior service credit	(1)	(1)
Net amortization	18	5	5
Net pension expense (income) and net postretirement benefit cost	37	35	16
U.S Postretirement Benefit Plans
Net amount recognized included in the Consolidated Balance Sheets
Current pension liability and nonpension postretirement benefit, included with Other accrued liabilities	(17)	(18)
Pension benefits and nonpension postretirement benefits	(178)	(183)
Accumulated other comprehensive loss	36	38
Net amount recognized	(159)	(163)
Changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income
Current year actuarial (gain) loss		14
Amortization of actuarial loss	(5)	(4)
Amortization of prior service credit	3	3
Total	(2)	13
Changes in benefit obligations were recognized in accumulated other comprehensive income	(2)	13
Components of the net pension expense (income) and postretirement benefit cost
Service cost	1	1	1
Interest cost	11	12	13
Amortization
Actuarial (gain) loss	5	4	6
Prior service credit	(3)	(3)	(3)
Net amortization	2	1	3
Net pension expense (income) and net postretirement benefit cost	14	14	17
Non-U.S. Postretirement Benefit Plans
Net amount recognized included in the Consolidated Balance Sheets
Current pension liability and nonpension postretirement benefit, included with Other accrued liabilities	(4)	(4)
Pension benefits and nonpension postretirement benefits	(81)	(84)
Accumulated other comprehensive loss	(10)	1
Net amount recognized	(95)	(87)
Changes in plan assets and benefit obligations were recognized in accumulated other comprehensive income
Current year actuarial (gain) loss	(11)	9
Total	(11)	9
Translation		(1)
Changes in benefit obligations were recognized in accumulated other comprehensive income	(11)	8
Components of the net pension expense (income) and postretirement benefit cost
Service cost	1	1	1
Interest cost	5	4	5
Special termination benefits			1
Amortization
Net pension expense (income) and net postretirement benefit cost	$ 6	$ 5	$ 7

Pension Benefit Plans and Other Postretirement Benefits (Details 4) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Weighted average assumptions used to determine net periodic pension costs and net postretirement benefit cost
Tenure used for computing historical long-term rate of return assumption (in years)	10
U.S Pension Plans
Amortization:
Actuarial loss	$ 84
Net amortization	84
Projected and accumulated benefit obligations in excess of the fair value of plan assets
Projected benefit obligations	2,437	2,307
Fair value of plan assets	2,195	2,061
Accumulated benefit obligation	2,332	2,202
Weighted average assumptions used to determine pension and accumulated postretirement benefit obligations
Discount rate used to determine pension and accumulated postretirement benefit obligations (in percent)	5.24%	5.84%
Rate of compensation increase (in percent)	4.50%	5.00%
Weighted average assumptions used to determine net periodic pension costs and net postretirement benefit cost
Discount rate used to determine net periodic pension costs and net postretirement benefit cost (in percent)	5.84%	6.45%	6.17%
Rate of compensation increase (in percent)	5.00%	5.00%	5.00%
Expected long-term rate of return on assets (in percent)	8.00%	8.00%	8.50%
Non-U.S. Pension Plans
Amortization:
Actuarial loss	23
Prior service cost	(1)
Net amortization	22
Projected and accumulated benefit obligations in excess of the fair value of plan assets
Projected benefit obligations	1,006	968
Fair value of plan assets	687	650
Accumulated benefit obligation	905	834
Weighted average assumptions used to determine pension and accumulated postretirement benefit obligations
Discount rate used to determine pension and accumulated postretirement benefit obligations (in percent)	5.28%	5.64%
Rate of compensation increase (in percent)	3.49%	3.54%
Weighted average assumptions used to determine net periodic pension costs and net postretirement benefit cost
Discount rate used to determine net periodic pension costs and net postretirement benefit cost (in percent)	5.64%	5.88%	5.46%
Rate of compensation increase (in percent)	3.54%	2.65%	3.39%
Expected long-term rate of return on assets (in percent)	6.78%	6.95%	6.96%
U.S Postretirement Benefit Plans
Amortization:
Actuarial loss	5
Prior service cost	(3)
Net amortization	$ 2
Weighted average assumptions used to determine pension and accumulated postretirement benefit obligations
Discount rate used to determine pension and accumulated postretirement benefit obligations (in percent)	5.09%	5.68%	6.40%
Weighted average assumptions used to determine net periodic pension costs and net postretirement benefit cost
Discount rate used to determine net periodic pension costs and net postretirement benefit cost (in percent)	5.68%	6.40%	6.16%
Non-U.S. Postretirement Benefit Plans
Weighted average assumptions used to determine pension and accumulated postretirement benefit obligations
Discount rate used to determine pension and accumulated postretirement benefit obligations (in percent)	5.02%	5.60%	6.40%
Weighted average assumptions used to determine net periodic pension costs and net postretirement benefit cost
Discount rate used to determine net periodic pension costs and net postretirement benefit cost (in percent)	5.60%	6.40%	5.20%

Pension Benefit Plans and Other Postretirement Benefits (Details 5) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
U.S Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Percentage of U.S. pension plan assets classified as Level 2 assets in equity securities (in percent)	70.00%	70.00%
Percentage of U.S. pension plan assets classified as Level 2 assets in debt securities (in percent)	30.00%	30.00%
Plan assets at fair value	$ 2,195	$ 2,061	$ 1,785
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	1,279	1,223	922
Equity securities \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation percentage, low end range (in percent)	44.00%
Target allocation percentage, high end range (in percent)	54.00%
Debt securities \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation percentage, low end range (in percent)	39.00%
Target allocation percentage, high end range (in percent)	49.00%
Real estate \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation percentage, low end range (in percent)	0.00%
Target allocation percentage, high end range (in percent)	9.00%
Other \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation percentage, low end range (in percent)	0.00%
Target allocation percentage, high end range (in percent)	8.00%
Level 1 \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	1,002	1,011
Level 1 \| Cash and cash equivalents \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	28	36
Level 1 \| Equity securities \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	383	406
Level 1 \| Debt securities \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	523	515
Level 1 \| Other \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	68	54
Level 2 \| U.S Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	2,195	2,061	1,785
Level 2 \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	258	192
Level 2 \| Cash and cash equivalents \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	1	10
Level 2 \| Equity securities \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	167	95
Level 2 \| Debt securities \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	90	81
Level 2 \| Other \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value		6
Level 3 \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	19	20	29
Level 3 \| Debt securities \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	8	9
Level 3 \| Real estate \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 11	$ 11

Pension Benefit Plans and Other Postretirement Benefits (Details 6) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Estimated future benefit payments
Defined contribution plans for salaried and hourly U.S. employees	$ 7	$ 7	$ 7
U.S Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value at beginning of year	2,061	1,785
Net decrease	134	276
Fair value at end of year	2,195	2,061
Estimated future benefit payments
2011	176
2012	173
2013	170
2014	170
2015	170
2016 - 2020	854
Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value at beginning of year	1,223	922
Net decrease	56	301
Fair value at end of year	1,279	1,223
Minimum contribution to defined benefit plan in 2011	50
Maximum contribution to defined benefit plan in 2011	60
Estimated future benefit payments
2011	81
2012	81
2013	82
2014	85
2015	87
2016 - 2020	440
U.S Postretirement Benefit Plans
Estimated future benefit payments
2011	17
2012	17
2013	16
2014	16
2015	16
2016 - 2020	71
Non-U.S. Postretirement Benefit Plans
Estimated future benefit payments
2011	4
2012	4
2013	4
2014	5
2015	5
2016 - 2020	26
Level 3 \| Non-U.S. Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value at beginning of year	20	29
Net decrease	(1)	(9)
Fair value at end of year	$ 19	$ 20

Pension Benefit Plans and Other Postretirement Benefits (Details 7) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Pension Benefit Plans and Other Postretirement Benefits
Payments to the trust as required by the bargaining agreements are based upon specified amounts per hour worked	$ 6	$ 7	$ 9
U.S Postretirement Benefit Plans
Weighted average assumed health care cost trend (in percent)
Health care cost trend rate assumed for next year	8.00%	8.00%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2016	2015
Effect of one-percentage-point change in assumed health care cost trend rates (in percent)
One-Percentage-Point Increase, effect on total of service and interest cost	1
One-Percentage-Point Increase, effect on accumulated postretirement benefit obligations	7
One-Percentage-Point Decrease, effect on accumulated postretirement benefit obligations	(6)
Non-U.S. Postretirement Benefit Plans
Weighted average assumed health care cost trend (in percent)
Health care cost trend rate assumed for next year	8.00%	9.00%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2014	2013
Effect of one-percentage-point change in assumed health care cost trend rates (in percent)
One-Percentage-Point Increase, effect on total of service and interest cost	1
One-Percentage-Point Decrease, effect on total of service and interest cost	(1)
One-Percentage-Point Increase, effect on accumulated postretirement benefit obligations	10
One-Percentage-Point Decrease, effect on accumulated postretirement benefit obligations	$ (8)

Other Expense (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended			12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2007
Other Expense:
Restructuring and asset impairment charges				$ 13	$ 207	$ 132	$ 55
Restructuring and asset impairment charges, net of tax, attributable to the Company				11	180	109	40
Acquisition-related fair value inventory adjustments				12
Acquisition-related fair value inventory adjustments, net of tax				7
Acquisition-related restructuring, transaction and financing costs				20
Acquisition-related restructuring, transaction and financing costs, net of tax				20
Charge to increase the accrual for estimated future asbestos-related costs as a result of the findings from the annual review of asbestos-related liabilities	170	180	250	170	180	250
Charge to increase the accrual for estimated future asbestos-related costs as a result of the findings from the annual review of asbestos-related liabilities, net of tax	170	180	249	170
Charges for the remeasurement of certain bolivar-denominated assets and liabilities held outside of Venezuela		18			18
Charges for the remeasurement of certain bolivar-denominated assets and liabilities held outside of Venezuela, net of tax, attributable to the company		17
Ownership percentage, equity investment in South American Segment's Caribbean affiliate (in percent)	50.00%			50.00%
Impairment, equity investment in South American Segment's Caribbean affiliate						1
Impairment, equity investment in South American Segment's Caribbean affiliate, net of tax						$ 1

Restructuring Accruals (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2007
Restructuring accrual
Restructuring reserve balance at beginning of period	$ 119	$ 64	$ 31
Restructuring and asset impairment charges	13	207	132	55
Write-down of assets to net realizable value	(3)	(79)	(37)	(24)
Net cash paid, principally severance and related benefits	(61)	(65)	(43)
Other, including foreign exchange translation	(16)	(8)	(19)
Restructuring reserve balance at end of period	52	119	64	31
Restructuring and asset impairment charges
Combined restructuring charges for 2007, 2008, 2009 and 2010, before tax	407
Combined restructuring charges for 2007, 2008, 2009 and 2010, net of tax, attributable to the Company	340
Number of jobs, aggregate reduction in workforce, overall curtailment of plant capacity and realignment of selected operations	3,250
Number of jobs, reduction in workforce, curtailment of plant capacity		1,450	1,240	560
Restructuring and asset impairment charges, net of tax, attributable to the Company	11	180	109	40
Employee Costs
Restructuring accrual
Restructuring reserve balance at beginning of period	93	47	26
Restructuring and asset impairment charges	(4)	110	70	26
Net cash paid, principally severance and related benefits	(47)	(57)	(36)
Other, including foreign exchange translation	(15)	(7)	(13)
Restructuring reserve balance at end of period	27	93	47	26
Asset Impairment
Restructuring accrual
Restructuring and asset impairment charges	3	79	32	22
Write-down of assets to net realizable value	(3)	(79)	(32)	(22)
Other restructuring costs
Restructuring accrual
Restructuring reserve balance at beginning of period	26	17	5
Restructuring and asset impairment charges	14	18	30	7
Write-down of assets to net realizable value			(5)	(2)
Net cash paid, principally severance and related benefits	(14)	(8)	(7)
Other, including foreign exchange translation	(1)	(1)	(6)
Restructuring reserve balance at end of period	25	26	17	5
Closing of operations not related to strategic review of manufacturing operations
Restructuring accrual
Restructuring reserve balance at end of period	$ 27	$ 27

Additional Interest Charges from Early Extinguishment of Debt (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009
Additional Interest Charges from Early Extinguishment of Debt
Additional interest charges, pretax	$ 9
Additional interest charges, net of tax	9
Reduction of interest expense, recognition of unamortized proceeds from terminated interest rate swaps	9
Reduction of interest expense, recognition of unamortized proceeds from terminated interest rate swaps, net of tax	9
Additional interest charges for note repurchase premiums and the write-off of unamortized finance fees, net of a gain from the termination of interest rate swap agreements		5
Additional interest charges for note repurchase premiums and the write-off of unamortized finance fees, net of a gain from the termination of interest rate swap agreements, net of tax		$ 5

Contingencies (Details) (USD $)	3 Months Ended			12 Months Ended
Contingencies (Details) (USD $)	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 1993
Percentage of asbestos plaintiffs
Sale of goods containing asbestos from 1948 to 1958				$ 40,000,000
Claims likely to be asserted in future (in number of claims)	600			600
Claims disposed of to date (in number of claims)	383,000			383,000
Average indemnity payment per claim	7,800			7,800
Deferred amounts payable	26,000,000	36,000,000		26,000,000	36,000,000
Asbestos-related liability, total amount accrued beginning in 1993 through 2010 before insurance recoveries	3,820,000,000			3,820,000,000			975,000,000
Future asbestos-related costs	170,000,000	180,000,000	250,000,000	170,000,000	180,000,000	250,000,000
Asbestos-related charges, net of tax	$ 170,000,000	$ 180,000,000	$ 249,000,000	$ 170,000,000
Approximate number of plaintiffs and claimants asbestos claims pending against the entity
Pending at beginning of year				7,000	11,000	14,000
Disposed				4,000	10,000	8,000
Filed				3,000	6,000	5,000
Pending at end of year	6,000	7,000	11,000	6,000	7,000	11,000
Damages unspecified or sufficient to invoke jurisdictional minimum
Percentage of asbestos plaintiffs
Percentage of asbestos plaintiffs, approximate percentage (in percent)	76.00%			76.00%
Damages of $15 million or less
Percentage of asbestos plaintiffs
Percentage of asbestos plaintiffs, approximate percentage (in percent)	22.00%			22.00%
Damages greater than $15 million but less than $100 million
Percentage of asbestos plaintiffs
Percentage of asbestos plaintiffs, approximate percentage (in percent)	2.00%			2.00%
Damages of $100 million or greater but less than $122 million
Percentage of asbestos plaintiffs
Percentage of asbestos plaintiffs, fewer than percentage (in percent)	1.00%			1.00%

Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended			12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Segment Reporting Information
Number of reportable segments				4
Net sales:
Net sales				$ 6,633	$ 6,652	$ 7,540
Items excluded from Segment Operating Profit:
Retained corporate costs and other				(89)	(67)	(1)
Restructuring and asset impairment				(13)	(207)	(133)
Acquisition-related fair value inventory adjustments and restructuring, transaction and financing costs				(32)
Charge for currency remeasurement		(18)			(18)
Charge for asbestos related costs	(170)	(180)	(250)	(170)	(180)	(250)
Interest income				13	18	25
Interest expense				(249)	(222)	(253)
Earnings from continuing operations before income taxes				424	215	435
Reportable segment totals
Net sales:
Net sales				6,596	6,606	7,463
Segment Operating Profit:
Segment Operating Profit				964	891	1,047
Europe
Net sales:
Net sales				2,746	2,918	3,498
Segment Operating Profit:
Segment Operating Profit				324	333	478
North America
Net sales:
Net sales				1,879	2,074	2,210
Segment Operating Profit:
Segment Operating Profit				275	282	185
South America
Net sales:
Net sales				975	689	791
Segment Operating Profit:
Segment Operating Profit				224	145	221
Asia Pacific
Net sales:
Net sales				996	925	964
Segment Operating Profit:
Segment Operating Profit				141	131	163
Retained Corp Costs and Other
Net sales:
Net sales				$ 37	$ 46	$ 77

Segment Information (Details 2) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Assets
Total assets:	$ 9,754	$ 8,727	$ 7,977
Equity investments
Equity investments:	299	114	102
Equity earnings:
Equity earnings	59	53	51
Capital expenditures:
Capital expenditures, Continuing	500	407	340
Capital expenditures, Discontinued	3	21	22
Depreciation and amortization expense:
Depreciation and amortization expense, Continuing	410	395	457
Depreciation and amortization expense, Discontinued	3	11	11
Reportable segment totals
Assets
Total assets:	9,306	8,164	7,428
Equity investments
Equity investments:	254	68	57
Equity earnings:
Equity earnings	35	27	27
Capital expenditures:
Capital expenditures, Continuing	488	400	336
Depreciation and amortization expense:
Depreciation and amortization expense, Continuing	399	384	447
Europe
Assets
Total assets:	3,618	3,852	3,758
Equity investments
Equity investments:	53	48	39
Equity earnings:
Equity earnings	19	13	14
Capital expenditures:
Capital expenditures, Continuing	151	170	152
Depreciation and amortization expense:
Depreciation and amortization expense, Continuing	172	179	222
North America
Assets
Total assets:	1,961	1,900	1,803
Equity investments
Equity investments:	17	19	15
Equity earnings:
Equity earnings	15	14	13
Capital expenditures:
Capital expenditures, Continuing	156	103	91
Depreciation and amortization expense:
Depreciation and amortization expense, Continuing	107	99	99
South America
Assets
Total assets:	1,680	729	627
Equity investments
Equity investments:	5	1	3
Capital expenditures:
Capital expenditures, Continuing	96	46	35
Depreciation and amortization expense:
Depreciation and amortization expense, Continuing	50	39	45
Asia Pacific
Assets
Total assets:	2,047	1,683	1,240
Equity investments
Equity investments:	179
Equity earnings:
Equity earnings	1
Capital expenditures:
Capital expenditures, Continuing	85	81	58
Depreciation and amortization expense:
Depreciation and amortization expense, Continuing	70	67	81
Retained Corp Costs and Other
Assets
Total assets:	448	563	549
Equity investments
Equity investments:	45	46	45
Equity earnings:
Equity earnings	24	26	24
Capital expenditures:
Capital expenditures, Continuing	12	7	4
Capital expenditures, Discontinued	3	21	22
Depreciation and amortization expense:
Depreciation and amortization expense, Continuing	11	11	10
Depreciation and amortization expense, Discontinued	$ 3	$ 11	$ 11

Segment Information (Details 3) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Segment Reporting Information
Property, plant, and equipment, net	$ 3,107	$ 2,711	$ 2,569
Net sales	6,633	6,652	7,540
U.S.
Segment Reporting Information
Property, plant, and equipment, net	703	639	679
Net sales	1,676	1,878	1,895
Non-U.S.
Segment Reporting Information
Property, plant, and equipment, net	2,404	2,072	1,890
Net sales	$ 4,957	$ 4,774	$ 5,645
Italy
Segment Reporting Information
Percentage of consolidated net sales from continuing operations (in percent)	11.00%	10.00%	11.00%
France
Segment Reporting Information
Percentage of consolidated net sales from continuing operations (in percent)	13.00%	13.00%	15.00%
Australia
Segment Reporting Information
Percentage of consolidated net sales from continuing operations (in percent)	11.00%	9.00%	9.00%

Goodwill (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period	$ 2,381	$ 2,207	$ 2,428
Acquisitions	429
Translation effects	11	174	(210)
Other changes			(11)
Balance of Goodwill, at end of period	2,821	2,381	2,207
North America
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period	736	717	746
Translation effects	7	19	(29)
Balance of Goodwill, at end of period	743	736	717
Europe
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period	1,081	1,051	1,119
Translation effects	(72)	30	(58)
Other changes			(10)
Balance of Goodwill, at end of period	1,009	1,081	1,051
Asia Pacific
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period	559	434	557
Acquisitions	53
Translation effects	65	125	(123)
Balance of Goodwill, at end of period	677	559	434
Accumulated impairment losses	494
South America
Changes in the carrying amount of goodwill
Acquisitions	376
Translation effects	11
Balance of Goodwill, at end of period	387
Retained Corp Costs and Other
Changes in the carrying amount of goodwill
Balance of Goodwill at beginning of period	5	5	6
Other changes			(1)
Balance of Goodwill, at end of period	$ 5	$ 5	$ 5

Other Assets (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2010	Dec. 31, 2009
Other assets
Deferred tax asset	$ 232	$ 232
Intangibles	29	22
Capitalized software	78	59
Deferred finance fees	50	36
Deferred returnable packaging costs	73	75
Other	126	98
Total other assets	$ 588	$ 522

Business Combinations (Details) (USD $) In Millions, unless otherwise specified		1 Months Ended			1 Months Ended
	Sep. 02, 2010 Companhia Industrial de Vidros	Sep. 30, 2010 Companhia Industrial de Vidros Pernambuco	Sep. 30, 2010 Companhia Industrial de Vidros Ceara	Jul. 16, 2010 Berli Jucker Public Company Limited/Malaya Glass	Dec. 31, 2010 Hebei Rixin Glass Group Co., Ltd	Dec. 31, 2010 Zhaoqing Jiaxin Glasswork Co., LTD	Mar. 31, 2010 Cristalerias Rosario
Business Combinations
Total consideration	$ 594			$ 132
Cash consideration paid	572
Acquired debt	22
Number of plants acquired		2	1		2	1	1
Fair values of the assets and liabilities assumed
Current assets	83
Goodwill	343
Other long-term assets	82
Net property, plant, and equipment	200
Total assets	708
Current liabilities	(57)
Long-term liabilities	(79)
Net assets acquired	$ 572

Discontinued Operations (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Consolidated Results of Operations
Net sales	$ 6,633	$ 6,652	$ 7,540
Manufacturing, shipping, and delivery expense	(5,283)	(5,317)	(5,994)
Gross profit	1,350	1,335	1,546
Selling and administrative expense	(492)	(493)	(499)
Research, development, and engineering expense	(62)	(58)	(66)
Interest income	13	18	25
Other expense	(227)	(442)	(396)
Earnings from discontinued operations	31	66	96
Loss on disposal of discontinued operations	(331)		7
Cumulative currency translation losses	3	1	(10)
Assets:
Cash	640	755	225
Accounts receivable	1,075	983
Inventories	946	889
Prepaid expenses	77	77
Total current assets	2,738	2,797
Other long-term assets	3,909	3,219
Net property, plant, and equipment	3,107	2,711	2,569
Total assets	9,754	8,727	7,977
Liabilities:
Accounts payable and other current liabilities	2,079	2,034
Discontinued Operations, Disposed Venezuelan Subsidiaries
Subsidiaries
Number of subsidiaries	2
Consolidated Results of Operations
Net sales	129	415	345
Manufacturing, shipping, and delivery expense	(86)	(266)	(214)
Gross profit	43	149	131
Selling and administrative expense	(5)	(13)	(13)
Research, development, and engineering expense		(1)	(1)
Interest income		11	13
Other expense	3	(36)	(8)
Earnings from discontinued operations before income taxes	41	110	122
Provision for income taxes	(10)	(44)	(26)
Earnings from discontinued operations	31	66	96
Loss on disposal of discontinued operations	(331)
Net earnings (loss) from discontinued operations	(300)	66	96
Net earnings from discontinued operations attributable to noncontrolling interests	5	14	20
Net earnings (loss) from discontinued operations attributable to the Company	(305)	52	76
Write-off net assets	77
Cumulative currency translation losses	260
Loss on disposal of discountinued operations, tax benefit	6
Assets:
Cash		57
Accounts receivable		21
Inventories		11
Prepaid expenses		3
Total current assets		92
Other long-term assets		3
Net property, plant, and equipment		31
Total assets		126
Liabilities:
Accounts payable and other current liabilities		12
Other long-term liabilities		15
Total liabilities		$ 27

Financial Information for Subsidiary Guarantors and Non-Guarantors (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2007
Current assets:
Accounts receivable	$ 1,075	$ 983
Inventories	946	889
Other current assets	717	833
Assets of discontinued operations		92
Total current assets	2,738	2,797
Goodwill	2,821	2,381	2,207	2,428
Other non-current assets	1,088	804
Assets of discontinued operations		34
Total other assets	3,909	3,219
Property, plant, and equipment, net	3,107	2,711	2,569
Total assets	9,754	8,727	7,977
Current liabilities:
Accounts payable and accrued liabilities	1,555	1,497
Current portion of asbestos liability	170	175
Short-term loans and long-term debt due within one year	354	350
Liabilities of discontinued operations		12
Total current liabilities	2,079	2,034
Liabilities of discontinued operations		15
Long-term debt	3,924	3,258
Asbestos-related liabilities	306	310
Other non-current liabilities	1,419	1,374
Total share owners' equity of the Company	1,815	1,538
Noncontrolling interests	211	198
Total liabilities and share owners' equity	9,754	8,727
Parent
Current assets:
Investments in and advances to subsidiaries	2,541	2,301
Total other assets	2,541	2,301
Total assets	2,541	2,301
Current liabilities:
Current portion of asbestos liability	170	175
Short-term loans and long-term debt due within one year		28
Total current liabilities	170	203
Long-term debt	250	250
Asbestos-related liabilities	306	310
Total share owners' equity of the Company	1,815	1,538
Total liabilities and share owners' equity	2,541	2,301
Guarantor Subsidiaries
Current assets:
Investments in and advances to subsidiaries	2,291	2,023
Total other assets	2,291	2,023
Total assets	2,291	2,023
Current liabilities:
Total share owners' equity of the Company	2,291	2,023
Total liabilities and share owners' equity	2,291	2,023
Non-Guarantor Subsidiaries
Current assets:
Accounts receivable	1,075	983
Inventories	946	889
Other current assets	717	833
Assets of discontinued operations		92
Total current assets	2,738	2,797
Goodwill	2,821	2,381
Other non-current assets	1,088	804
Assets of discontinued operations		34
Total other assets	3,909	3,219
Property, plant, and equipment, net	3,107	2,711
Total assets	9,754	8,727
Current liabilities:
Accounts payable and accrued liabilities	1,555	1,497
Short-term loans and long-term debt due within one year	354	350
Liabilities of discontinued operations		12
Total current liabilities	1,909	1,859
Liabilities of discontinued operations		15
Long-term debt	3,924	3,258
Other non-current liabilities	1,419	1,374
Total share owners' equity of the Company	2,291	2,023
Noncontrolling interests	211	198
Total liabilities and share owners' equity	9,754	8,727
Eliminations
Current assets:
Investments in and advances to subsidiaries	(4,832)	(4,324)
Total other assets	(4,832)	(4,324)
Total assets	(4,832)	(4,324)
Current liabilities:
Short-term loans and long-term debt due within one year		(28)
Total current liabilities		(28)
Long-term debt	(250)	(250)
Total share owners' equity of the Company	(4,582)	(4,046)
Total liabilities and share owners' equity	$ (4,832)	$ (4,324)

Financial Information for Subsidiary Guarantors and Non-Guarantors (Details 2) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Results of Operations
Net sales	$ 6,633	$ 6,652	$ 7,540
Manufacturing, shipping, and delivery expense	(5,283)	(5,317)	(5,994)
Gross profit	1,350	1,335	1,546
Research, engineering, selling, administrative, and other	(781)	(993)	(961)
Interest expense	(249)	(222)	(253)
External interest income	13	18	25
Other equity earnings	59	53	51
Other revenue	32	24	27
Earnings from continuing operations before income taxes	424	215	435
Provision for income taxes	(129)	(83)	(210)
Earnings from continuing operations	295	132	225
Earnings from discontinued operations	31	66	96
Gain (loss) on disposal of discontinued operations	(331)		7
Net earnings (loss)	(5)	198	328
Net earnings attributable to noncontrolling interests	(42)	(36)	(70)
Net earnings (loss) attributable to the Company	(47)	162	258
Cash Flows
Cash provided by (utilized in) operating activities	592	800	757
Cash utilized in investing activities	(1,314)	(418)	(377)
Cash provided by (utilized in) financing activities	547	114	(365)
Effect of exchange rate change on cash	3	(64)	(23)
Increase (decrease) in cash	(172)	432	(8)
Cash at beginning of year	812	380	388
Cash at end of year	640	812	380
Parent
Results of Operations
Research, engineering, selling, administrative, and other	(170)	(180)	(250)
Interest expense	(21)	(39)	(46)
Intercompany interest income	21	39	46
Equity earnings from subsidiaries	109	249	403
Earnings from continuing operations before income taxes	(61)	69	153
Provision for income taxes	8	27	2
Earnings from continuing operations	(53)	96	155
Earnings from discontinued operations		66	96
Gain (loss) on disposal of discontinued operations	6		7
Net earnings (loss)	(47)	162	258
Net earnings (loss) attributable to the Company	(47)	162	258
Cash Flows
Cash provided by (utilized in) operating activities	(179)	(190)	(209)
Cash provided by (utilized in) financing activities	179	190	209
Guarantor Subsidiaries
Results of Operations
Intercompany interest expense	(21)	(39)	(46)
Intercompany interest income	21	39	46
Equity earnings from subsidiaries	109	249	403
Earnings from continuing operations before income taxes	109	249	403
Earnings from continuing operations	109	249	403
Earnings from discontinued operations		66	96
Gain (loss) on disposal of discontinued operations			7
Net earnings (loss)	109	315	506
Net earnings (loss) attributable to the Company	109	315	506
Non-Guarantor Subsidiaries
Results of Operations
Net sales	6,633	6,652	7,540
Manufacturing, shipping, and delivery expense	(5,283)	(5,317)	(5,994)
Gross profit	1,350	1,335	1,546
Research, engineering, selling, administrative, and other	(611)	(813)	(711)
Interest expense	(228)	(183)	(207)
Intercompany interest expense	(21)	(39)	(46)
External interest income	13	18	25
Other equity earnings	59	53	51
Other revenue	32	24	27
Earnings from continuing operations before income taxes	594	395	685
Provision for income taxes	(137)	(110)	(212)
Earnings from continuing operations	457	285	473
Earnings from discontinued operations	31	66	96
Gain (loss) on disposal of discontinued operations	(337)		7
Net earnings (loss)	151	351	576
Net earnings attributable to noncontrolling interests	(42)	(36)	(70)
Net earnings (loss) attributable to the Company	109	315	506
Cash Flows
Cash provided by (utilized in) operating activities	771	990	966
Cash utilized in investing activities	(1,314)	(418)	(377)
Cash provided by (utilized in) financing activities	368	(76)	(574)
Effect of exchange rate change on cash	3	(64)	(23)
Increase (decrease) in cash	(172)	432	(8)
Eliminations
Results of Operations
Intercompany interest expense	42	78	92
Intercompany interest income	(42)	(78)	(92)
Equity earnings from subsidiaries	(218)	(498)	(806)
Earnings from continuing operations before income taxes	(218)	(498)	(806)
Earnings from continuing operations	(218)	(498)	(806)
Earnings from discontinued operations		(132)	(192)
Gain (loss) on disposal of discontinued operations			(14)
Net earnings (loss)	(218)	(630)	(1,012)
Net earnings (loss) attributable to the Company	$ (218)	$ (630)	$ (1,012)

Schedule for Valuation and Qualifying Accounts (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Allowances for losses and discounts on receivables
Reserves deducted from assets in the balance sheets:
Balance at beginning of period	$ 37	$ 40	$ 36
Additions
Charged to costs and expenses/charged to income		2	8
Other/Charged to other comprehensive income	5	(4)	(1)
Deductions	(2)	(1)	4
Balance at end of period	40	37	40
Valuation allowance on net deferred tax assets
Reserves deducted from assets in the balance sheets:
Balance at beginning of period	1,095	1,047	728
Additions
Charged to costs and expenses/charged to income	11	75	77
Other/Charged to other comprehensive income	(47)	(46)	329
Foreign currency translation	(5)	13	(22)
Other	23	6	(65)
Balance at end of period	$ 1,077	$ 1,095	$ 1,047

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2010	Jun. 30, 2010
Document and Entity Information
Entity Registrant Name	OWENS ILLINOIS INC /DE/
Entity Central Index Key	0000812074
Document Type	10-K
Document Period End Date	Dec. 31, 2010
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$ 3,274,343,000
Entity Common Stock, Shares Outstanding	163,715,483
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	FY