beatandraise : SEC Filings Research with AI

beatandraise.com

1.0.0.3 false Derivative Financial Instruments and Hedging Activities false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USD_Per_Share Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Derivative Financial Instruments and Hedging Activities [Abstract] 0 f_DerivativeFinancialInstrumentsAndHedgingActivitiesAbstract f false na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false No definition available. false 3 DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES 1 us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <div style="TEXT-ALIGN: left"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">NOTE 26.  DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">In the normal course of business, our operations are exposed to global market risks, including the effect of changes in foreign currency exchange rates, certain commodity prices, and interest rates.  To manage these risks, we enter into various derivatives contracts.  Foreign currency exchange contracts including forwards and options, are used to manage foreign exchange exposure.  Commodity contracts including forwards and options are used to manage commodity price risk.  Interest rate contracts including swaps, caps, and floors are used to manage the effects of interest rate fluctuations.  Cross-currency interest rate swap contracts are used to manage foreign currency and interest rate exposures on foreign-denominated debt.  The vast majority of our derivatives are over-the-counter customized derivative transactions and are not exchange-traded.  Management reviews our hedging program, derivative positions, and overall risk management strategy on a regular basis.  We only enter into transactions that we believe will be highly effective at offsetting the underlying risk.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">Consistent with the FASB's new standard on disclosures for derivative instruments and hedging activities effective January 1, 2009, in this initial year of adoption, we have elected to not present earlier periods for comparative purposes.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">Overall Derivative Financial Instruments and Hedge Accounting.  All derivatives are recognized on the balance sheet at fair value.  To ensure consistency in our treatment of derivative and non-derivative exposures with regard to our master agreements, we do not net our derivative position by counterparty for purposes of balance sheet presentation and disclosure.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">We have elected to apply hedge accounting to certain derivatives in both the Automotive and Financial Services sectors; derivatives that receive designated hedge accounting treatment are documented and evaluated for effectiveness at the time they are designated, as well as throughout the hedge period.  Cash flows associated with designated hedges are reported in the same category as the underlying hedged item.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">Some derivatives do not qualify for hedge accounting; for others, we elect to not apply hedge accounting.  We report changes in the fair value of derivatives not designated as hedging instruments through Automotive cost of sales, Automotive interest income and other non-operating income/(expense), net, or Financial Services other income/(loss), net depending on the sector and underlying exposure.  Cash flows associated with non-designated or de-designated derivatives are reported in Net cash (used in)/provided by investing activities in our statements of cash flows.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">Cash Flow Hedges.  Our Automotive sector has designated certain forward and option contracts as cash flow hedges of forecasted transactions with exposure to foreign currency exchange and commodity price risks.  During the second half of 2008, all foreign exchange forwards and options previously designated as cash flow hedges of forecasted transactions under critical terms match were de-designated and re-designated under the "long-haul" method using regression analysis to assess hedge effectiveness.  Since 2007, we have had no commodity derivatives designated as cash flow hedges.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">The effective portion of changes in the fair value of cash flow hedges is deferred in Accumulated other comprehensive income/(loss) and is recognized in Automotive cost of sales when the hedged item affects earnings.  The ineffective portion is reported currently in Automotive cost of sales.  Our policy is to de-designate cash flow hedges prior to the time forecasted transactions are recognized as assets or liabilities on the balance sheet and report subsequent changes in fair value through Automotive cost of sales.  If it becomes probable that the originally-forecasted transaction will not occur, the related amount also is reclassified from Accumulated other comprehensive income/(loss) and recognized in earnings.  Our cash flow hedges mature within two years or less.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify">Fair Value Hedges.  Our Financial Services sector uses derivatives to reduce the risk of changes in the fair value of liabilities.  We have designated certain receive-fixed, pay-float interest rate swaps as fair value hedges of fixed-rate debt under the "long haul" method of assessing effectiveness.  The risk being hedged is the risk of changes in the fair value of the hedged debt attributable to changes in the benchmark interest rate.  We use regression analysis to assess hedge effectiveness.  If the hedge relationship is deemed to be highly effective, we record the changes in the fair value of the hedged debt related to the risk being hedged in Financial Services debt with the offset in Financial Services other income/(loss), net. The change in fair value of the related derivative (excluding accrued interest) also is recorded in Financial Services other income/(loss), net.  Hedge ineffectiveness, recorded directly in earnings, is the difference between the two amounts.</div></div> <div style="TEXT-ALIGN: center"/> <div style="TEXT-ALIGN: left"> </div> <div style="TEXT-ALIGN: left"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">When a derivative is de-designated from a fair value hedge relationship, or when the derivative in a fair value hedge relationship is terminated before maturity, the fair value adjustment to the hedged debt continues to be reported as part of the carrying basis of the item and is amortized over its remaining life.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">Net Investment Hedges.  We have used foreign currency exchange derivatives to hedge the net assets of certain foreign entities to offset the translation and economic exposures related to our investment in these entities.  The effective portion of changes in the value of these derivative instruments is included in Accumulated other comprehensive income/(loss) as a foreign currency translation adjustment until the hedged investment is sold or liquidated.  When the investment is sold or liquidated, the effective portion of the hedge is recognized in Automotive interest income and other non-operating income/(expense), net as part of the gain or loss on sale. We have had no active foreign currency derivatives classified as net investment hedges since the first quarter of 2007.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">Normal Purchases and Normal Sales Classification.  For physical supply contracts that are entered into for the purpose of procuring commodities to be used in production over a reasonable period in the normal course of our business, we have elected to apply the normal purchases and normal sales classification.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Income Effect of Derivative Instruments</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">The following table summarizes by hedge designation the pre-tax gains/(losses) recorded in Other comprehensive income/(loss) ("OCI"), reclassified from Accumulated other comprehensive income/(loss) ("AOCI" ) to income and recognized directly in income (in millions):</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left"> <table cellpadding="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0"> <tr> <td valign="bottom" style="PADDING-BOTTOM: 2px">  </td> <td valign="bottom" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" style="BORDER-BOTTOM: black 2px solid" colspan="10"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">2009</div></div></td> <td valign="bottom" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr> <td valign="bottom" style="PADDING-BOTTOM: 2px">  </td> <td valign="bottom" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" style="BORDER-BOTTOM: black 2px solid" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Gain/(Loss)</div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Recorded in</div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">OCI</div></div></td> <td valign="bottom" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" style="BORDER-BOTTOM: black 2px solid" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Gain/(Loss)</div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Reclassified</div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">from AOCI to</div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Income</div></div></td> <td valign="bottom" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" style="BORDER-BOTTOM: black 2px solid" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Gain/(Loss)</div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Recognized</div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">in Income</div></div></td> <td valign="bottom" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr> <td valign="bottom" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left">Automotive Sector</div></td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr> <td valign="bottom" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left">Designated Cash flow hedges:</div></td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Foreign exchange contracts</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">(86</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left">)</td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">37</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left">(a)</td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">(1</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left">)</td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" style="PADDING-BOTTOM: 2px" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Commodity contracts</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">—</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">4</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">—</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 4px; MARGIN-LEFT: 9pt" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 14.4pt" align="left">Total</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">(86</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left">)</td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">41</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">(1</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left">)</td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left">Derivatives not designated as hedging instruments:</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Foreign exchange contracts – operating exposures (b)</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">(120</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left">)</td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Foreign exchange contracts – investment portfolios (c)</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">(11</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left">)</td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Commodity contracts</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">(4</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left">)</td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" style="PADDING-BOTTOM: 2px" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Other – interest rate contracts and warrants</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">(20</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left">)</td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 4px; MARGIN-LEFT: 9pt" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 14.4pt" align="left">Total</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">(155</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left">)</td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left">Financial Services Sector</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left">Fair value hedges:</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left">Interest rate contracts</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Net interest settlements and accruals excluded from the assessment of hedge effectiveness</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">164</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" style="PADDING-BOTTOM: 2px" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Ineffectiveness (d)</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">(13</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left">)</td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 4px; MARGIN-LEFT: 9pt" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 14.4pt" align="left">Total</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">151</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left">Derivatives not designated as hedging instruments:</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Interest rate contracts</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">(63</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left">)</td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Foreign exchange contracts (b)</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">(268</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left">)</td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" style="PADDING-BOTTOM: 2px" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="left">Cross currency interest rate swap contracts (b)</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">12</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 4px; MARGIN-LEFT: 9pt" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 14.4pt" align="left">Total</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">(319</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left">)</td></tr></table></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left"> <table cellpadding="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0"> <tr> <td valign="top" width="3%"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">(a)</div></td> <td valign="top" width="97%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Includes $4 million gain reclassified from AOCI to income in first quarter 2009 attributable to transactions no longer probable to occur, primarily related to Volvo.</div></td></tr> <tr> <td valign="top" width="3%"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">(b)</div></td> <td valign="top" width="97%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Gains/(Losses) related to foreign currency derivatives were partially offset by net revaluation impacts on foreign denominated assets and liabilities, which were recorded to the same statement of operations line item as the derivative gains/(losses).</div></td></tr> <tr> <td valign="top" width="3%"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">(c)</div></td> <td valign="top" width="97%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Foreign exchange contracts – investment portfolios on the balance sheet were $0 at December 31, 2009.</div></td></tr> <tr> <td valign="top" width="3%"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">(d)</div></td> <td valign="top" width="97%" align="left"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Hedge ineffectiveness reflects change in fair value on derivatives of $46 million loss and change in fair value on hedged debt of $33 million gain in 2009.</div></td></tr></table></div></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">For our Automotive sector, we report in Automotive cost of sales on our consolidated statement of operations gains and losses on cash flow hedges and foreign exchange contracts on operating exposures and commodity contracts not designated as hedging instruments.  Gains and losses on foreign exchange contracts on investment portfolios and other contracts not designated as hedging instruments are reported in Automotive interest income and other non-operating income/(expense), net.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">For our Financial Services sector, we report net interest settlements and accruals on fair value hedges (which are excluded from the assessment of hedge effectiveness) in Interest expense on our consolidated statement of operations, with the exception of foreign currency revaluation on accrued interest ($2 million gain in 2009) which is reported in Selling, administrative, and other expenses.  Ineffectiveness on fair value hedges and gains and losses on interest rate contracts not designated as hedging instruments are reported in Financial Services other income/(loss), net.  Gains and losses on foreign exchange and cross currency interest rate swap contracts not designated as hedging instruments are reported in Selling, administrative, and other expenses.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Accumulated Other Comprehensive Income/(Loss) Activity</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">The following table summarizes activity in Accumulated other comprehensive income/(loss) related to designated cash flow hedges for period ended December 31 (in millions):</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left"> <table cellpadding="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0"> <tr> <td valign="bottom" style="PADDING-BOTTOM: 2px">  </td> <td valign="bottom" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" style="BORDER-BOTTOM: black 2px solid" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">2009</div></div></td> <td valign="bottom" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="88%"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Beginning of year: net unrealized gain/(loss) on derivative financial instruments</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">129</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="88%"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Increase/(Decrease) in fair value of derivatives</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">(86</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left">)</td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="88%" style="PADDING-BOTTOM: 2px"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Gains reclassified from Accumulated other comprehensive income/(loss) </div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">(41</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left">)</td></tr> <tr bgcolor="white"> <td valign="bottom" width="88%" style="PADDING-BOTTOM: 4px"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">End of year: net unrealized gain/(loss) on derivative financial instruments</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">2</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td></tr></table></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">We expect to reclassify existing net gains of $1 million from Accumulated other comprehensive income/(loss) to Automotive cost of sales during the next twelve months as the underlying exposures are realized.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Balance Sheet Effect of Derivative Instruments</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">The following table summarizes the estimated fair value of our derivative financial instruments at December 31, 2009 (in millions):</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left"> <table cellpadding="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0"> <tr> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center">Fair Value of</div></td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center">Fair Value of</div></td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr> <td valign="bottom" style="PADDING-BOTTOM: 2px">  </td> <td valign="bottom" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" style="BORDER-BOTTOM: black 2px solid" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Notionals</div></div></td> <td valign="bottom" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" style="BORDER-BOTTOM: black 2px solid" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Assets</div></div></td> <td valign="bottom" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" style="BORDER-BOTTOM: black 2px solid" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">Liabilities</div></div></td> <td valign="bottom" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr> <td valign="bottom"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Automotive Sector</div></td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr> <td valign="bottom"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Cash flow hedges:</div></td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="justify">Foreign exchange contracts</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">118</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">—</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">5</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Derivatives not designated as hedging instruments:</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="justify">Foreign exchange contracts – operating exposures</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">4,255</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">59</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">80</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="justify">Commodity contracts</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">980</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">15</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">54</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" style="PADDING-BOTTOM: 2px"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="justify">Other – interest rate contracts and warrants</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">180</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">2</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">15</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 2px; MARGIN-LEFT: 9pt"> <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 14.4pt" align="justify">Total derivatives not designated as hedging instruments</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">5,415</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">76</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">149</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" style="PADDING-BOTTOM: 4px"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Total Automotive sector derivative instruments</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">5,533</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">76</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">154</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Financial Services Sector</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Fair value hedges:</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="justify">Interest rate contracts</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">6,309</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">385</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">—</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Derivatives not designated as hedging instruments:</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="justify">Interest rate contracts</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">68,527</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">1,269</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">846</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="justify">Foreign exchange contracts</div></td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">4,386</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">22</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right">46</td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%" style="PADDING-BOTTOM: 2px"> <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 7.2pt" align="justify">Cross currency interest rate swap contracts</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">3,873</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">203</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">282</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 2px; MARGIN-LEFT: 9pt"> <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 14.4pt" align="justify">Total derivatives not designated as hedging instruments</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">76,786</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">1,494</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">1,174</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left"> </td></tr> <tr bgcolor="white"> <td valign="bottom" width="64%">  </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%" style="TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" nowrap="nowrap" style="TEXT-ALIGN: left"> </td></tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="64%" style="PADDING-BOTTOM: 4px"> <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="justify">Total Financial Services sector derivative instruments</div></td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">83,095</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">1,879</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="PADDING-BOTTOM: 4px"> </td> <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left">$</td> <td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">1,174</td> <td valign="bottom" width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left"> </td></tr></table></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">In our consolidated balance sheet, we report derivative assets in Other assets, and derivative liabilities in Payables and Accrued liabilities and deferred revenue for Automotive and Financial Services sectors, respectively.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">The notional amounts of the derivative financial instruments do not necessarily represent amounts exchanged by the parties and, therefore, are not a direct measure of our exposure to the financial risks described above.  The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates, foreign currency exchange rates or commodity volumes and prices.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Counterparty Risk and Collateral</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">Use of derivatives exposes us to the risk that a counterparty may default on a derivative contract.  We establish exposure limits for each counterparty to minimize this risk and provide counterparty diversification.  Substantially all of our derivative exposures are with counterparties that have long-term credit ratings of single-A or better.  The aggregate fair value of derivative instruments in asset positions on December 31, 2009 was about $2 billion, representing the maximum loss that we would recognize at that date if all counterparties failed to perform as contracted.  We enter into master agreements with counterparties that generally allow for netting of certain exposures; therefore, the actual loss we would recognize if all counterparties failed to perform as contracted would be significantly lower.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">We include an adjustment for non-performance risk in the fair value of derivative instruments.  At December 31, 2009, our adjustment for non-performance risk relative to a measure based on an unadjusted inter-bank deposit rate (e.g., LIBOR) reduced derivative assets by $0 and $6 million for Automotive and Financial Services sectors, respectively, and reduced derivative liabilities by $1 million and $13 million for Automotive and Financial Services sectors, respectively.  See Note 4 for more detail on valuation methodologies.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left">In the third quarter of 2009, we began posting cash collateral with certain counterparties based on our net position with regard to foreign currency and commodity derivative contracts.  As of December 31, 2009, we posted $64 million in cash collateral related to derivative instruments, which is included in restricted cash and reported in Other assets on our consolidated balance sheet.</div> NOTE 26.  DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES In the normal course of business, our operations are exposed to global market false false No definition available. 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