|
INCOME TAXES (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Income Tax |
Ìý
|
| Schedule of Income tax expense (benefit) |
ÌýÌýÌýÌýÌýÌýÌýÌýThe following is a summary of U.S. and non-U.S. provisions for current and deferred income taxes (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Income tax expense (benefit):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
U.S.
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current
|
Ìý
|
$
|
55
|
Ìý
|
$
|
75
|
Ìý
|
$
|
156
|
Ìý
|
|
Deferred
|
Ìý
|
Ìý
|
(4
|
)
|
Ìý
|
79
|
Ìý
|
Ìý
|
17
|
Ìý
|
|
Non-U.S.
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current
|
Ìý
|
Ìý
|
48
|
Ìý
|
Ìý
|
42
|
Ìý
|
Ìý
|
51
|
Ìý
|
|
Deferred
|
Ìý
|
Ìý
|
(48
|
)
|
Ìý
|
(71
|
)
|
Ìý
|
(55
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
51
|
Ìý
|
$
|
125
|
Ìý
|
$
|
169
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of reconciliation of the differences between the U.S. federal income taxes at the U.S. statutory rate to total provision for income taxes |
ÌýÌýÌýÌýÌýÌýÌýÌýThe following schedule reconciles the differences between the U.S. federal income taxes at the U.S. statutory rate to our provision for income taxes (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Income from continuing operations before income taxes
|
Ìý
|
$
|
404
|
Ìý
|
$
|
279
|
Ìý
|
$
|
547
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Expected tax expense at U.S. statutory rate of 35%
|
Ìý
|
$
|
142
|
Ìý
|
$
|
98
|
Ìý
|
$
|
192
|
Ìý
|
|
Change resulting from:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
State tax expense net of federal benefit
|
Ìý
|
Ìý
|
10
|
Ìý
|
Ìý
|
11
|
Ìý
|
Ìý
|
15
|
Ìý
|
|
Non-U.S. tax rate differentials
|
Ìý
|
Ìý
|
(7
|
)
|
Ìý
|
10
|
Ìý
|
Ìý
|
1
|
Ìý
|
|
Effects of non-U.S. operations
|
Ìý
|
Ìý
|
3
|
Ìý
|
Ìý
|
1
|
Ìý
|
Ìý
|
(2
|
)
|
|
U.S. domestic manufacturing deduction
|
Ìý
|
Ìý
|
(14
|
)
|
Ìý
|
(14
|
)
|
Ìý
|
(16
|
)
|
|
Currency exchange gains and losses
|
Ìý
|
Ìý
|
(7
|
)
|
Ìý
|
14
|
Ìý
|
Ìý
|
11
|
Ìý
|
|
Effect of tax holidays
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
(12
|
)
|
|
U.S. foreign tax credits, net of associated income and taxes
|
Ìý
|
Ìý
|
(2
|
)
|
Ìý
|
(86
|
)
|
Ìý
|
(21
|
)
|
|
Tax benefit of losses with valuation allowances as a result of other comprehensive income
|
Ìý
|
Ìý
|
(7
|
)
|
Ìý
|
(22
|
)
|
Ìý
|
�
|
Ìý
|
|
Tax authority audits and dispute resolutions
|
Ìý
|
Ìý
|
3
|
Ìý
|
Ìý
|
9
|
Ìý
|
Ìý
|
5
|
Ìý
|
|
Change in valuation allowance
|
Ìý
|
Ìý
|
(76
|
)
|
Ìý
|
100
|
Ìý
|
Ìý
|
(11
|
)
|
|
Other, net
|
Ìý
|
Ìý
|
6
|
Ìý
|
Ìý
|
4
|
Ìý
|
Ìý
|
7
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total income tax expense
|
Ìý
|
$
|
51
|
Ìý
|
$
|
125
|
Ìý
|
$
|
169
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of components of income (loss) from continuing operations before income taxes |
ÌýÌýÌýÌýÌýÌýÌýÌýThe components of income (loss) from continuing operations before income taxes were as follows (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
U.S.Ìý
|
Ìý
|
$
|
435
|
Ìý
|
$
|
419
|
Ìý
|
$
|
482
|
Ìý
|
|
Non-U.S.Ìý
|
Ìý
|
Ìý
|
(31
|
)
|
Ìý
|
(140
|
)
|
Ìý
|
65
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
404
|
Ìý
|
$
|
279
|
Ìý
|
$
|
547
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of components of deferred income tax assets and liabilities |
ÌýÌýÌýÌýÌýÌýÌýÌýComponents of deferred income tax assets and liabilities were as follows (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
|
Deferred income tax assets:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net operating loss carryforwards
|
Ìý
|
$
|
875
|
Ìý
|
$
|
853
|
Ìý
|
|
Pension and other employee compensation
|
Ìý
|
Ìý
|
313
|
Ìý
|
Ìý
|
197
|
Ìý
|
|
Property, plant and equipment
|
Ìý
|
Ìý
|
109
|
Ìý
|
Ìý
|
72
|
Ìý
|
|
Intangible assets
|
Ìý
|
Ìý
|
46
|
Ìý
|
Ìý
|
22
|
Ìý
|
|
Foreign tax credits
|
Ìý
|
Ìý
|
17
|
Ìý
|
Ìý
|
114
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
100
|
Ìý
|
Ìý
|
106
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
1,460
|
Ìý
|
$
|
1,364
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Deferred income tax liabilities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Property, plant and equipment
|
Ìý
|
$
|
(540
|
)
|
$
|
(543
|
)
|
|
Pension and other employee compensation
|
Ìý
|
Ìý
|
(2
|
)
|
Ìý
|
(6
|
)
|
|
Other, net
|
Ìý
|
Ìý
|
(103
|
)
|
Ìý
|
(61
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
(645
|
)
|
$
|
(610
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Net deferred tax asset before valuation allowance
|
Ìý
|
$
|
815
|
Ìý
|
$
|
754
|
Ìý
|
|
Valuation allowance—net operating losses and other
|
Ìý
|
Ìý
|
(702
|
)
|
Ìý
|
(700
|
)
|
|
Valuation allowance—foreign tax credits
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
(114
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net deferred tax asset
|
Ìý
|
$
|
113
|
Ìý
|
$
|
(60
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Current deferred tax asset
|
Ìý
|
$
|
62
|
Ìý
|
$
|
53
|
Ìý
|
|
Current deferred tax liability
|
Ìý
|
Ìý
|
(51
|
)
|
Ìý
|
(43
|
)
|
|
Non-current deferred tax asset
|
Ìý
|
Ìý
|
435
|
Ìý
|
Ìý
|
243
|
Ìý
|
|
Non-current deferred tax liability
|
Ìý
|
Ìý
|
(333
|
)
|
Ìý
|
(313
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net deferred tax asset
|
Ìý
|
$
|
113
|
Ìý
|
$
|
(60
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of changes in valuation allowance |
ÌýÌýÌýÌýÌýÌýÌýÌýThe following is a summary of changes in the valuation allowance (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Valuation allowance as of JanuaryÌý1
|
Ìý
|
$
|
814
|
Ìý
|
$
|
736
|
Ìý
|
$
|
756
|
Ìý
|
|
Valuation allowance as of DecemberÌý31
|
Ìý
|
Ìý
|
702
|
Ìý
|
Ìý
|
814
|
Ìý
|
Ìý
|
736
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net decrease
|
Ìý
|
Ìý
|
112
|
Ìý
|
Ìý
|
(78
|
)
|
Ìý
|
20
|
Ìý
|
|
Foreign currency movements
|
Ìý
|
Ìý
|
(49
|
)
|
Ìý
|
16
|
Ìý
|
Ìý
|
7
|
Ìý
|
|
(Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances
|
Ìý
|
Ìý
|
13
|
Ìý
|
Ìý
|
(38
|
)
|
Ìý
|
(16
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Change in valuation allowance per rate reconciliation
|
Ìý
|
$
|
76
|
Ìý
|
$
|
(100
|
)
|
$
|
11
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Components of change in valuation allowance affecting tax expense:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Pre-tax losses in jurisdictions with valuation allowances resulting in no tax expense or benefit
|
Ìý
|
$
|
(32
|
)
|
$
|
(21
|
)
|
$
|
10
|
Ìý
|
|
Releases of valuation allowances in various jurisdictions
|
Ìý
|
Ìý
|
111
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
24
|
Ìý
|
|
Establishments of valuation allowances in various jurisdictions
|
Ìý
|
Ìý
|
(3
|
)
|
Ìý
|
(95
|
)
|
Ìý
|
(23
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Change in valuation allowance per rate reconciliation
|
Ìý
|
$
|
76
|
Ìý
|
$
|
(100
|
)
|
$
|
11
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of reconciliation of unrecognized tax benefits |
ÌýÌýÌýÌýÌýÌýÌýÌýThe following is a reconciliation of our unrecognized tax benefits (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
|
Unrecognized tax benefits as of JanuaryÌý1
|
Ìý
|
$
|
96
|
Ìý
|
$
|
57
|
Ìý
|
|
Gross increases and decreases—tax positions taken during a prior period
|
Ìý
|
Ìý
|
(18
|
)
|
Ìý
|
39
|
Ìý
|
|
Gross increases and decreases—tax positions taken during the current period
|
Ìý
|
Ìý
|
1
|
Ìý
|
Ìý
|
11
|
Ìý
|
|
Decreases related to settlements of amounts due to tax authorities
|
Ìý
|
Ìý
|
(5
|
)
|
Ìý
|
(3
|
)
|
|
Reductions resulting from the lapse of statutes of limitation
|
Ìý
|
Ìý
|
(2
|
)
|
Ìý
|
(7
|
)
|
|
Foreign currency movements
|
Ìý
|
Ìý
|
(4
|
)
|
Ìý
|
(1
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Unrecognized tax benefits as of DecemberÌý31
|
Ìý
|
$
|
68
|
Ìý
|
$
|
96
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of interest and penalties accrued related to unrecognized tax benefits included in the income tax expense |
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Interest expense included in tax expense
|
Ìý
|
$
|
2
|
Ìý
|
$
|
2
|
Ìý
|
$
|
(1
|
)
|
|
Penalties expense included in tax expense
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
(1
|
)
|
Ìý
|
�
|
Ìý
|
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
|
Accrued liability for interest
|
Ìý
|
$
|
14Ìý
|
Ìý
|
$
|
13Ìý
|
Ìý
|
|
Accrued liability for penalties
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
| Summary of the tax years that remain subject to examination by major tax jurisdictions |
Ìý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Tax Jurisdiction
|
Ìý
|
Open Tax Years
|
|
China
|
Ìý
|
2004 and later
|
|
France
|
Ìý
|
2002 and later
|
|
India
|
Ìý
|
2004 and later
|
|
Italy
|
Ìý
|
2010 and later
|
|
Malaysia
|
Ìý
|
2003 and later
|
|
Switzerland
|
Ìý
|
2008 and later
|
|
The Netherlands
|
Ìý
|
2009 and later
|
|
United Kingdom
|
Ìý
|
2012 and later
|
|
United States federal (except for foreign tax credits)
|
Ìý
|
2009 and later
|
Ìý
|
| ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International |
Ìý
|
| Income Tax |
Ìý
|
| Schedule of Income tax expense (benefit) |
ÌýÌýÌýÌýÌýÌýÌýThe following is a summary of U.S. and non-U.S. provisions for current and deferred income taxes (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Income tax expense (benefit):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
U.S.
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current
|
Ìý
|
$
|
43
|
Ìý
|
$
|
41
|
Ìý
|
$
|
52
|
Ìý
|
|
Deferred
|
Ìý
|
Ìý
|
(1
|
)
|
Ìý
|
124
|
Ìý
|
Ìý
|
129
|
Ìý
|
|
Non-U.S.
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current
|
Ìý
|
Ìý
|
48
|
Ìý
|
Ìý
|
42
|
Ìý
|
Ìý
|
51
|
Ìý
|
|
Deferred
|
Ìý
|
Ìý
|
(47
|
)
|
Ìý
|
(70
|
)
|
Ìý
|
(53
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
43
|
Ìý
|
$
|
137
|
Ìý
|
$
|
179
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of reconciliation of the differences between the U.S. federal income taxes at the U.S. statutory rate to total provision for income taxes |
ÌýÌýÌýÌýÌýÌýÌýÌýThe following schedule reconciles the differences between the U.S. federal income taxes at the U.S. statutory rate to our provision for income taxes (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Income from continuing operations before income taxes
|
Ìý
|
$
|
409
|
Ìý
|
$
|
289
|
Ìý
|
$
|
559
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Expected tax expense at U.S. statutory rate of 35%
|
Ìý
|
$
|
143
|
Ìý
|
$
|
101
|
Ìý
|
$
|
196
|
Ìý
|
|
Change resulting from:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
State tax expense net of federal benefit
|
Ìý
|
Ìý
|
10
|
Ìý
|
Ìý
|
11
|
Ìý
|
Ìý
|
15
|
Ìý
|
|
Non-U.S. tax rate differentials
|
Ìý
|
Ìý
|
(7
|
)
|
Ìý
|
10
|
Ìý
|
Ìý
|
1
|
Ìý
|
|
Effects of non-U.S. operations
|
Ìý
|
Ìý
|
4
|
Ìý
|
Ìý
|
3
|
Ìý
|
Ìý
|
(1
|
)
|
|
U.S. domestic manufacturing deduction
|
Ìý
|
Ìý
|
(13
|
)
|
Ìý
|
(14
|
)
|
Ìý
|
(8
|
)
|
|
Currency exchange gains and losses
|
Ìý
|
Ìý
|
(7
|
)
|
Ìý
|
14
|
Ìý
|
Ìý
|
11
|
Ìý
|
|
Effect of tax holidays
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
(12
|
)
|
|
U.S. foreign tax credits, net of associated income and taxes
|
Ìý
|
Ìý
|
(2
|
)
|
Ìý
|
(86
|
)
|
Ìý
|
(21
|
)
|
|
Tax benefit of losses with valuation allowances as a result of other comprehensive income
|
Ìý
|
Ìý
|
(7
|
)
|
Ìý
|
(22
|
)
|
Ìý
|
�
|
Ìý
|
|
Tax authority audits and dispute resolutions
|
Ìý
|
Ìý
|
3
|
Ìý
|
Ìý
|
9
|
Ìý
|
Ìý
|
5
|
Ìý
|
|
Change in valuation allowance
|
Ìý
|
Ìý
|
(88
|
)
|
Ìý
|
108
|
Ìý
|
Ìý
|
(14
|
)
|
|
Other, net
|
Ìý
|
Ìý
|
7
|
Ìý
|
Ìý
|
3
|
Ìý
|
Ìý
|
7
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total income tax expense
|
Ìý
|
$
|
43
|
Ìý
|
$
|
137
|
Ìý
|
$
|
179
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of components of income (loss) from continuing operations before income taxes |
ÌýÌýÌýÌýÌýÌýÌýThe components of income (loss) from continuing operations before income taxes were as follows (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
Year ended
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
U.S.Ìý
|
Ìý
|
$
|
436
|
Ìý
|
$
|
429
|
Ìý
|
$
|
494
|
Ìý
|
|
Non-U.S.Ìý
|
Ìý
|
Ìý
|
(27
|
)
|
Ìý
|
(140
|
)
|
Ìý
|
65
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
409
|
Ìý
|
$
|
289
|
Ìý
|
$
|
559
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of components of deferred income tax assets and liabilities |
ÌýÌýÌýÌýÌýÌýÌýÌýComponents of deferred income tax assets and liabilities were as follows (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
DecemberÌý31,
|
Ìý
|
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
|
Deferred income tax assets:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net operating loss and AMT credit carryforwards
|
Ìý
|
$
|
874
|
Ìý
|
$
|
853
|
Ìý
|
|
Pension and other employee compensation
|
Ìý
|
Ìý
|
311
|
Ìý
|
Ìý
|
196
|
Ìý
|
|
Property, plant and equipment
|
Ìý
|
Ìý
|
118
|
Ìý
|
Ìý
|
72
|
Ìý
|
|
Intangible assets
|
Ìý
|
Ìý
|
46
|
Ìý
|
Ìý
|
22
|
Ìý
|
|
Foreign tax credits
|
Ìý
|
Ìý
|
17
|
Ìý
|
Ìý
|
125
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
100
|
Ìý
|
Ìý
|
105
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
1,466
|
Ìý
|
$
|
1,373
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Deferred income tax liabilities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Property, plant and equipment
|
Ìý
|
$
|
(535
|
)
|
$
|
(524
|
)
|
|
Pension and other employee compensation
|
Ìý
|
Ìý
|
(2
|
)
|
Ìý
|
(6
|
)
|
|
Other, net
|
Ìý
|
Ìý
|
(103
|
)
|
Ìý
|
(62
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Total
|
Ìý
|
$
|
(640
|
)
|
$
|
(592
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Net deferred tax asset before valuation allowance
|
Ìý
|
$
|
826
|
Ìý
|
$
|
781
|
Ìý
|
|
Valuation allowance—net operating losses and other
|
Ìý
|
Ìý
|
(707
|
)
|
Ìý
|
(707
|
)
|
|
Valuation allowance—foreign tax credits
|
Ìý
|
Ìý
|
�
|
Ìý
|
Ìý
|
(125
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net deferred tax asset
|
Ìý
|
$
|
119
|
Ìý
|
$
|
(51
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Current deferred tax asset
|
Ìý
|
$
|
62
|
Ìý
|
$
|
53
|
Ìý
|
|
Current deferred tax liability
|
Ìý
|
Ìý
|
(52
|
)
|
Ìý
|
(44
|
)
|
|
Non-current deferred tax asset
|
Ìý
|
Ìý
|
435
|
Ìý
|
Ìý
|
243
|
Ìý
|
|
Non-current deferred tax liability
|
Ìý
|
Ìý
|
(326
|
)
|
Ìý
|
(303
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net deferred tax asset
|
Ìý
|
$
|
119
|
Ìý
|
$
|
(51
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|
| Schedule of changes in valuation allowance |
ÌýÌýÌýÌýÌýÌýÌýÌýThe following is a summary of changes in the valuation allowance (dollars in millions):
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
2014
|
Ìý
|
2013
|
Ìý
|
2012
|
Ìý
|
|
Valuation allowance as of JanuaryÌý1
|
Ìý
|
$
|
832
|
Ìý
|
$
|
745
|
Ìý
|
$
|
768
|
Ìý
|
|
Valuation allowance as of DecemberÌý31
|
Ìý
|
Ìý
|
707
|
Ìý
|
Ìý
|
832
|
Ìý
|
Ìý
|
745
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Net decrease
|
Ìý
|
Ìý
|
125
|
Ìý
|
Ìý
|
(87
|
)
|
Ìý
|
23
|
Ìý
|
|
Foreign currency movements
|
Ìý
|
Ìý
|
(49
|
)
|
Ìý
|
16
|
Ìý
|
Ìý
|
7
|
Ìý
|
|
(Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances
|
Ìý
|
Ìý
|
12
|
Ìý
|
Ìý
|
(37
|
)
|
Ìý
|
(16
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Change in valuation allowance per rate reconciliation
|
Ìý
|
$
|
88
|
Ìý
|
$
|
(108
|
)
|
$
|
14
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
|
Components of change in valuation allowance affecting tax expense:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Pre-tax income (losses) in jurisdictions with valuation allowances resulting in no tax expense or benefit
|
Ìý
|
$
|
(31
|
)
|
$
|
(18
|
)
|
$
|
13
|
Ìý
|
|
Releases of valuation allowances in various jurisdictions
|
Ìý
|
Ìý
|
122
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
24
|
Ìý
|
|
Establishments of valuation allowances in various jurisdictions
|
Ìý
|
Ìý
|
(3
|
)
|
Ìý
|
(106
|
)
|
Ìý
|
(23
|
)
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
Change in valuation allowance per rate reconciliation
|
Ìý
|
$
|
88
|
Ìý
|
$
|
(108
|
)
|
$
|
14
|
Ìý
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
|
�
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
�
|
â€� Ìý
|
â€� Ìý
|
â€� Ìý
|
Ìý
|