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Equity | 12 Months Ended
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Dec. 31, 2012
Equity [Abstract] |
EQUITY |
13. | EQUITY
Share Activity For the years ended December 31, 2012, 2011, and 2010, activity in the number of shares of common stock and treasury stock was as follows (in millions):
| Common Stock |  | Treasury Stock
Balance as of December 31, 2009 | 673 |  |  | (109 | )
Transactions in connection with stock-based compensation plans: |  |  |
Stock issuances | — |  |  | 5 |
Stock repurchases | — |  |  | (1 | )
Balance as of December 31, 2010 | 673 |  |  | (105 | )
Transactions in connection with stock-based compensation plans: |  |  |
Stock issuances | — |  |  | 5 |
Stock repurchases | — |  |  | (17 | )
Balance as of December 31, 2011 | 673 |  |  | (117 | )
Transactions in connection with stock-based compensation plans: |  |  |
Stock issuances | — |  |  | 6 |
Stock repurchases | — |  |  | (6 | )
Stock repurchases under buyback program | — |  |  | (4 | )
Balance as of December 31, 2012 | 673 |  |  | (121 | )
Preferred Stock We have 20 million shares of preferred stock authorized with a par value of $0.01 per share. No shares of preferred stock were outstanding as of December 31, 2012 and 2011. Treasury Stock We purchase shares of our common stock in open market transactions to meet our obligations under employee stock-based compensation plans. We also purchase shares of our common stock from our employees and non-employee directors in connection with the exercise of stock options, the vesting of restricted stock, and other stock compensation transactions. On February 28, 2008, our board of directors approved a $3 billion common stock purchase program, which is in addition to the remaining amount under a $6 billion program previously authorized. This additional $3 billion program has no expiration date. As of December 31, 2012, we had purchased $118 million of our common stock under this $3 billion program. As of December 31, 2012, we have approvals under these stock purchase programs to purchase approximately $3.3 billion of our common stock. Common Stock Dividends On January 23, 2013, our board of directors declared a quarterly cash dividend of $0.20 per common share payable March 13, 2013 to holders of record at the close of business on February 13, 2013. Income Tax Effects Related to Components of Other Comprehensive Income The following table reflects the tax effects allocated to each component of other comprehensive income for the years ended December 31, 2012, 2011, and 2010:
| Before-Tax Amount |  | Tax Expense (Benefit) |  | Net Amount
Year Ended December 31, 2012: |  |  |  |  |
Foreign currency translation adjustment | $ | 164 |  |  | $ | — |  |  | $ | 164 |
Pension and other postretirement benefits: |  |  |  |  |
Loss arising during the year related to: |  |  |  |  |
Net actuarial loss | (228 | ) |  | (79 | ) |  | (149 | )
Prior service cost | (9 | ) |  | (3 | ) |  | (6 | )
(Gain) loss reclassified into income related to: |  |  |  |  |
Net actuarial loss | 34 |  |  | 12 |  |  | 22 |
Prior service credit | (20 | ) |  | (7 | ) |  | (13 | )
Settlement | 12 |  |  | — |  |  | 12 |
Net loss on pension and other postretirement benefits | (211 | ) |  | (77 | ) |  | (134 | )
Derivative instruments designated and qualifying as cash flow hedges: |  |  |  |  |
Net gain arising during the year | 45 |  |  | 16 |  |  | 29 |
Net gain reclassified into income | (73 | ) |  | (26 | ) |  | (47 | )
Net loss on cash flow hedges | (28 | ) |  | (10 | ) |  | (18 | )
Other comprehensive income (loss) | $ | (75 | ) |  | $ | (87 | ) |  | $ | 12 |
| Before-Tax Amount |  | Tax Expense (Benefit) |  | Net Amount
Year Ended December 31, 2011: |  |  |  |  |
Foreign currency translation adjustment | $ | (122 | ) |  | $ | — |  |  | $ | (122 | )
Pension and other postretirement benefits: |  |  |  |  |
Loss arising during the year related to: |  |  |  |  |
Net actuarial loss | (285 | ) |  | (100 | ) |  | (185 | )
Prior service cost | (4 | ) |  | (1 | ) |  | (3 | )
(Gain) loss reclassified into income related to: |  |  |  |  |
Net actuarial loss | 14 |  |  | 4 |  |  | 10 |
Prior service credit | (21 | ) |  | (7 | ) |  | (14 | )
Settlement | 4 |  |  | 1 |  |  | 3 |
Net loss on pension and other postretirement benefits | (292 | ) |  | (103 | ) |  | (189 | )
Derivative instruments designated and qualifying as cash flow hedges: |  |  |  |  |
Net gain arising during the year | 32 |  |  | 11 |  |  | 21 |
Net gain reclassified into income | (3 | ) |  | (1 | ) |  | (2 | )
Net gain on cash flow hedges | 29 |  |  | 10 |  |  | 19 |
Other comprehensive loss | $ | (385 | ) |  | $ | (93 | ) |  | $ | (292 | )
Year Ended December 31, 2010: |  |  |  |  |
Foreign currency translation adjustment | $ | 158 |  |  | $ | — |  |  | $ | 158 |
Pension and other postretirement benefits: |  |  |  |  |  |
Gain (loss) arising during the year related to: |  |  |  |  |
Net actuarial loss | (40 | ) |  | (6 | ) |  | (34 | )
Prior service credit | 31 |  |  | 11 |  |  | 20 |
(Gain) loss reclassified into income related to: |  |  |  |  |
Net actuarial loss | 6 |  |  | 2 |  |  | 4 |
Prior service credit | (17 | ) |  | (6 | ) |  | (11 | )
Settlement | 4 |  |  | 1 |  |  | 3 |
Net gain (loss) on pension and other postretirement benefits | (16 | ) |  | 2 |  |  | (18 | )
Derivative instruments designated and qualifying as cash flow hedges: |  |  |  |  |  |
Net loss arising during the year | (2 | ) |  | (1 | ) |  | (1 | )
Net gain reclassified into income | (178 | ) |  | (62 | ) |  | (116 | )
Net loss on cash flow hedges | (180 | ) |  | (63 | ) |  | (117 | )
Other comprehensive income (loss) | $ | (38 | ) |  | $ | (61 | ) |  | $ | 23 |
Accumulated Other Comprehensive Income Changes in the balances of each component of accumulated other comprehensive income (loss) were as follows (in millions):
| Foreign Currency Translation Adjustment |  | Pension/ OPEB Liability Adjustment |  | Net Gain (Loss) On Cash Flow Hedges |  | Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2009 | $ | 465 |  |  | $ | (217 | ) |  | $ | 117 |  |  | $ | 365 |
Other comprehensive income (loss) | 158 |  |  | (18 | ) |  | (117 | ) |  | 23 |
Balance as of December 31, 2010 | 623 |  |  | (235 | ) |  | — |  |  | 388 |
Other comprehensive income (loss) | (122 | ) |  | (189 | ) |  | 19 |  |  | (292 | )
Balance as of December 31, 2011 | 501 |  |  | (424 | ) |  | 19 |  |  | 96 |
Other comprehensive income (loss) | 164 |  |  | (134 | ) |  | (18 | ) |  | 12 |
Balance as of December 31, 2012 | $ | 665 |  |  | $ | (558 | ) |  | $ | 1 |  |  | $ | 108 |

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- Definition The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section B -Paragraph 7, 11A -Chapter 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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