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Registration of securities issued in business combination transactions

ASSET RETIREMENT OBLIGATIONS (Tables)

v2.4.0.6
ASSET RETIREMENT OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2012
ASSET RETIREMENT OBLIGATIONS Ìý
Schedule of changes to asset retirement obligation liabilities

The following table describes changes to our asset retirement obligation liabilities, all of which were recorded in other noncurrent liabilities on the accompanying balance sheets (dollars in millions):

Ìý
Ìý DecemberÌý31, Ìý
Ìý
Ìý 2012 Ìý 2011 Ìý

Asset retirement obligation at beginning of year

Ìý $ 26 Ìý $ 24 Ìý

Accretion expense

Ìý Ìý 2 Ìý Ìý 2 Ìý

Liabilities incurred

Ìý Ìý 2 Ìý Ìý â€� Ìý

Liabilities assumed in connection with the consolidation of a variable interest entity

Ìý Ìý â€� Ìý Ìý 2 Ìý

Liabilities settled

Ìý Ìý (3 ) Ìý (1 )

Foreign currency effect on reserve balance

Ìý Ìý 1 Ìý Ìý (1 )
Ìý Ìý Ìý Ìý Ìý Ìý

Asset retirement obligation at end of year

Ìý $ 28 Ìý $ 26 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý