| SELECTED UNAUDITED QUARTERLY FINANCIAL DATA |
Ìý
26. SELECTED UNAUDITED QUARTERLY FINANCIAL DATA
ÌýÌýÌýÌýÌýÌýÌýÌýA summary of selected unaudited quarterly financial data for the years ended DecemberÌý31, 2014 and 2013 is as follows (dollars in millions, except per share amounts):
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Three months ended
|
Ìý
|
|
Ìý
|
Ìý
|
MarchÌý31,
2014
|
Ìý
|
JuneÌý30,
2014
|
Ìý
|
SeptemberÌý30,
2014(1)
|
Ìý
|
DecemberÌý31,
2014
|
Ìý
|
|
Revenues
|
Ìý
|
$
|
2,755
|
Ìý
|
$
|
2,988
|
Ìý
|
$
|
2,884
|
Ìý
|
$
|
2,951
|
Ìý
|
|
Gross profit
|
Ìý
|
Ìý
|
450
|
Ìý
|
Ìý
|
505
|
Ìý
|
Ìý
|
515
|
Ìý
|
Ìý
|
449
|
Ìý
|
|
Restructuring, impairment and plant closing costs
|
Ìý
|
Ìý
|
39
|
Ìý
|
Ìý
|
13
|
Ìý
|
Ìý
|
39
|
Ìý
|
Ìý
|
67
|
Ìý
|
|
Income (loss) from continuing operations
|
Ìý
|
Ìý
|
69
|
Ìý
|
Ìý
|
124
|
Ìý
|
Ìý
|
194
|
Ìý
|
Ìý
|
(34
|
)
|
|
Net income (loss)
|
Ìý
|
Ìý
|
62
|
Ìý
|
Ìý
|
124
|
Ìý
|
Ìý
|
194
|
Ìý
|
Ìý
|
(35
|
)
|
|
Net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
Ìý
|
54
|
Ìý
|
Ìý
|
119
|
Ìý
|
Ìý
|
188
|
Ìý
|
Ìý
|
(38
|
)
|
|
Basic income per share(2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Income (loss) from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.25
|
Ìý
|
Ìý
|
0.49
|
Ìý
|
Ìý
|
0.77
|
Ìý
|
Ìý
|
(0.16
|
)
|
|
Net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholdersÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
0.22
|
Ìý
|
Ìý
|
0.49
|
Ìý
|
Ìý
|
0.77
|
Ìý
|
Ìý
|
(0.16
|
)
|
|
Diluted income (loss) per share(2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Income (loss) from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.25
|
Ìý
|
Ìý
|
0.48
|
Ìý
|
Ìý
|
0.76
|
Ìý
|
Ìý
|
(0.16
|
)
|
|
Net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholdersÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
0.22
|
Ìý
|
Ìý
|
0.48
|
Ìý
|
Ìý
|
0.76
|
Ìý
|
Ìý
|
(0.16
|
)
|
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Three months ended
|
Ìý
|
|
Ìý
|
Ìý
|
MarchÌý31,
2013
|
Ìý
|
JuneÌý30,
2013
|
Ìý
|
SeptemberÌý30,
2013
|
Ìý
|
DecemberÌý31,
2013
|
Ìý
|
|
Revenues
|
Ìý
|
$
|
2,702
|
Ìý
|
$
|
2,830
|
Ìý
|
$
|
2,842
|
Ìý
|
$
|
2,705
|
Ìý
|
|
Gross profit
|
Ìý
|
Ìý
|
349
|
Ìý
|
Ìý
|
451
|
Ìý
|
Ìý
|
507
|
Ìý
|
Ìý
|
446
|
Ìý
|
|
Restructuring, impairment and plant closing costs
|
Ìý
|
Ìý
|
44
|
Ìý
|
Ìý
|
29
|
Ìý
|
Ìý
|
37
|
Ìý
|
Ìý
|
41
|
Ìý
|
|
(Loss) income from continuing operations
|
Ìý
|
Ìý
|
(15
|
)
|
Ìý
|
54
|
Ìý
|
Ìý
|
72
|
Ìý
|
Ìý
|
43
|
Ìý
|
|
Net (loss) income
|
Ìý
|
Ìý
|
(17
|
)
|
Ìý
|
54
|
Ìý
|
Ìý
|
70
|
Ìý
|
Ìý
|
42
|
Ìý
|
|
Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
Ìý
|
(24
|
)
|
Ìý
|
47
|
Ìý
|
Ìý
|
64
|
Ìý
|
Ìý
|
41
|
Ìý
|
|
Basic income (loss) per share(2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
(Loss) income from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
(0.09
|
)
|
Ìý
|
0.20
|
Ìý
|
Ìý
|
0.28
|
Ìý
|
Ìý
|
0.17
|
Ìý
|
|
Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholdersÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
(0.10
|
)
|
Ìý
|
0.20
|
Ìý
|
Ìý
|
0.27
|
Ìý
|
Ìý
|
0.17
|
Ìý
|
|
Diluted (loss) income per share(2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
(Loss) income from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
(0.09
|
)
|
Ìý
|
0.19
|
Ìý
|
Ìý
|
0.27
|
Ìý
|
Ìý
|
0.17
|
Ìý
|
|
Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholdersÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
(0.10
|
)
|
Ìý
|
0.19
|
Ìý
|
Ìý
|
0.26
|
Ìý
|
Ìý
|
0.17
|
Ìý
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Three months ended
|
Ìý
|
|
Ìý
|
Ìý
|
MarchÌý31,
2014
|
Ìý
|
JuneÌý30,
2014
|
Ìý
|
SeptemberÌý30,
2014(1)
|
Ìý
|
DecemberÌý31,
2014
|
Ìý
|
|
Revenues
|
Ìý
|
$
|
2,755
|
Ìý
|
$
|
2,988
|
Ìý
|
$
|
2,884
|
Ìý
|
$
|
2,951
|
Ìý
|
|
Gross profit
|
Ìý
|
Ìý
|
455
|
Ìý
|
Ìý
|
506
|
Ìý
|
Ìý
|
516
|
Ìý
|
Ìý
|
450
|
Ìý
|
|
Restructuring, impairment and plant closing costs
|
Ìý
|
Ìý
|
39
|
Ìý
|
Ìý
|
13
|
Ìý
|
Ìý
|
39
|
Ìý
|
Ìý
|
67
|
Ìý
|
|
Income (loss) from continuing operations
|
Ìý
|
Ìý
|
72
|
Ìý
|
Ìý
|
125
|
Ìý
|
Ìý
|
204
|
Ìý
|
Ìý
|
(35
|
)
|
|
Net income (loss)
|
Ìý
|
Ìý
|
65
|
Ìý
|
Ìý
|
125
|
Ìý
|
Ìý
|
204
|
Ìý
|
Ìý
|
(37
|
)
|
|
Net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
|
Ìý
|
Ìý
|
57
|
Ìý
|
Ìý
|
120
|
Ìý
|
Ìý
|
198
|
Ìý
|
Ìý
|
(40
|
)
|
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Three months ended
|
Ìý
|
|
Ìý
|
Ìý
|
MarchÌý31,
2013
|
Ìý
|
JuneÌý30,
2013
|
Ìý
|
SeptemberÌý30,
2013
|
Ìý
|
DecemberÌý31,
2013
|
Ìý
|
|
Revenues
|
Ìý
|
$
|
2,702
|
Ìý
|
$
|
2,830
|
Ìý
|
$
|
2,842
|
Ìý
|
$
|
2,705
|
Ìý
|
|
Gross profit
|
Ìý
|
Ìý
|
353
|
Ìý
|
Ìý
|
456
|
Ìý
|
Ìý
|
511
|
Ìý
|
Ìý
|
450
|
Ìý
|
|
Restructuring, impairment and plant closing costs
|
Ìý
|
Ìý
|
44
|
Ìý
|
Ìý
|
29
|
Ìý
|
Ìý
|
37
|
Ìý
|
Ìý
|
41
|
Ìý
|
|
(Loss) income from continuing operations
|
Ìý
|
Ìý
|
(14
|
)
|
Ìý
|
56
|
Ìý
|
Ìý
|
76
|
Ìý
|
Ìý
|
34
|
Ìý
|
|
Net (loss) income
|
Ìý
|
Ìý
|
(16
|
)
|
Ìý
|
56
|
Ìý
|
Ìý
|
74
|
Ìý
|
Ìý
|
33
|
Ìý
|
|
Net (loss) income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
|
Ìý
|
Ìý
|
(23
|
)
|
Ìý
|
49
|
Ìý
|
Ìý
|
68
|
Ìý
|
Ìý
|
32
|
Ìý
|
|
(1)
|
During the three months ended SeptemberÌý30, 2014, as a result of extensive research and analysis, we filed amended U.S. tax returns for tax years 2008 through 2012, along with our original U.S. tax return for tax year 2013, and made elections which allowed us to utilize U.S. foreign tax credits. As a result of utilizing these assets that had been subject to a valuation allowance, we recognized a discrete income tax benefit of $94Ìýmillion in the third quarter of 2014.
|
|
(2)
|
Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.
|
|