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Other Comprehensive (Loss) Income | 12 Months Ended
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Dec. 31, 2015
Equity [Abstract] |
Other Comprehensive (Loss) Income | Other Comprehensive (Loss) Income Stockholders’ equity includes certain items classified as other comprehensive income (loss), including:
• | Unrealized (loss) gain on anticipated sales hedging transactions relate to derivative instruments used to hedge the exposure related to currency exchange rates for forecasted Euro sales. These hedges are designated as cash flow hedges, and the Company defers income statement recognition of gains and losses until the hedged transaction occurs. See Note 13 Derivative Instruments.
• | Unrealized (loss) gain on forward interest rate swaps hedging transactions refer to the hedging of the interest rate risk exposure associated with the variable rate commitment entered into for the Acquisition. See Note 13 Derivative Instruments for more details.
• | Unrealized (loss) gain on investments are deferred from the Consolidated Statements of Operations recognition until the gains or losses are realized.
• | Foreign currency translation adjustment relates to the Company's non-U.S. subsidiary companies that have designated a functional currency other than the U.S. dollar. The Company is required to translate the subsidiary functional currency financial statements to dollars using a combination of historical, period-end, and average foreign exchange rates. This combination of rates creates the foreign currency translation adjustment component of other comprehensive income.
The components of accumulated other comprehensive (loss) income ("AOCI") for each of the three years ended December 31 are as follows (in millions):
|  | Unrealized losses) gains on sales hedging |  | Unrealized (losses)/ gains on forward interest rate swaps |  | Unrealized gains (losses) on investments |  | Currency Translation Adjustments |  | Total
Balance at December 31, 2012 | $ | (2 | ) |  | $ | — |  |  | $ | — |  |  | $ | (8 | ) |  | $ | (10 | )
| Other comprehensive (loss)/income before reclassifications | (3 | ) |  | — |  |  | — |  |  | 1 |  |  | (2 | )
| Amounts reclassified from AOCI | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
| Tax (expense) benefit | — |  |  | — |  |  | — |  |  | — |  |  | — |
| Other comprehensive income/(loss) | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Balance at December 31, 2013 | (2 | ) |  | — |  |  | — |  |  | (7 | ) |  | (9 | )
| Other comprehensive income/(loss) before reclassifications | 8 |  |  | (12 | ) |  | — |  |  | 1 |  |  | (3 | )
| Amounts reclassified from AOCI | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
| Tax (expense) benefit | (2 | ) |  | 4 |  |  | — |  |  | — |  |  | 2 |
| Other comprehensive income/(loss) | 7 |  |  | (8 | ) |  | — |  |  | 1 |  |  | — |
Balance at December 31, 2014 | 5 |  |  | (8 | ) |  | — |  |  | (6 | ) |  | (9 | )
| Other comprehensive income/(loss) before reclassifications | 7 |  |  | (12 | ) |  | — |  |  | (12 | ) |  | (17 | )
| Amounts reclassified from AOCI | (15 | ) |  | 1 |  |  | — |  |  | (15 | ) |  | (29 | )
| Tax benefit (expense) | 2 |  |  | 4 |  |  | — |  |  | — |  |  | 6 |
| Other comprehensive (loss)/ income | (6 | ) |  | (7 | ) |  | — |  |  | (27 | ) |  | (40 | )
Balance at December 31, 2015 | $ | (1 | ) |  | $ | (15 | ) |  | $ | — |  |  | $ | (33 | ) |  | $ | (49 | )
Reclassification out of AOCI to earnings were as follows (in millions):
|  |  | Year Ended December 31,
Comprehensive Income Components | Financial Statement Line Item |  | 2015 |  | 2014 |  | 2013
Unrealized (gain) loss on sales hedging: |  |  |  |  |  |  |
Total before tax | Net sales of tangible products |  | $ | (15 | ) |  | $ | 1 |  |  | $ | 3 |
Tax (benefit) expense |  |  | 3 |  |  | — |  |  | (1 | )
Net of taxes |  |  | (12 | ) |  | 1 |  |  | 2 |
Unrealized loss/(gain) on forward interest rate swaps: |  |  |  |  |  |  |
Total before tax | Interest expense/(income) |  | 1 |  |  | — |  |  | — |
Tax expense (benefit) |  |  | — |  |  | — |  |  | — |
Net of taxes |  |  | 1 |  |  | — |  |  | — |
Unrealized (gain) loss on investments |  |  |  |  |  |  |
Total before tax | Other (expense) income – Other, net |  | — |  |  | — |  |  | — |
Tax expense (benefit) |  |  | — |  |  | — |  |  | — |
Net of taxes |  |  | — |  |  | — |  |  | — |
Cumulative Foreign Currency Translation | Foreign exchange income (loss) |  | (15 | ) |  | — |  |  | — |
Total amounts reclassified from AOCI |  |  | $ | (26 | ) |  | $ | 1 |  |  | $ | 2 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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