v2.4.0.8
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Expense (Benefit) and Effective Tax Rate
The Company's income tax expense and effective tax rate for the three and six months ended June 30, 2014 and 2013 were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
 
(dollars in millions)
Income tax expense
$
62

 
$
73

 
$
137

 
$
110

Effective tax rate
14
%
 
16
%
 
16
%
 
14
%
Schedule of Income Tax Expense (Benefit) associated with Unusual or Infrequent Items
The Company’s effective tax rate was also impacted by the tax expense (benefit) associated with unusual or infrequent items for the respective interim period as illustrated in the following table:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
 
(in millions)
Tax credits (1)
$
(2
)
 
$
—

 
$
(2
)
 
$
(22
)
Withholding taxes (2)
(1
)
 
—

 
(1
)
 
4

Other change in tax reserves (3)
(3
)
 
—

 
(6
)
 
1

Other adjustments (4)
(3
)
 
(3
)
 
(4
)
 
(2
)
Income tax benefit associated with unusual or infrequent items
$
(9
)
 
$
(3
)
 
$
(13
)
 
$
(19
)