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Interim Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract] |
Interim Financial Information (Unaudited) |
U. | INTERIM FINANCIAL INFORMATION (UNAUDITED)
|  |  |  |  | (In Millions, Except Per Common Share Data) |
|  |  |  |  | Quarters Ended |
|  | Total Year |  |  | December 31 |  |  | September 30 |  |  | June 30 |  |  | March 31 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 7,495 |  |  | $ | 1,831 |  |  | $ | 1,913 |  |  | $ | 1,945 |  |  | $ | 1,806 |
Gross profit |  | $ | 1,956 |  |  | $ | 451 |  |  | $ | 500 |  |  | $ | 521 |  |  | $ | 484 |
(Loss) income from continuing operations |  | $ | (53 | ) |  | $ | (70 | ) |  | $ | 26 |  |  | $ | (51 | ) |  | $ | 42 |
Net (loss) income |  | $ | (114 | ) |  | $ | (87 | ) |  | $ | 15 |  |  | $ | (75 | ) |  | $ | 33 |
(Loss) earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (.16 | ) |  | $ | (.20 | ) |  | $ | .07 |  |  | $ | (.15 | ) |  | $ | .12 |
Net (loss) income |  | $ | (.33 | ) |  | $ | (.25 | ) |  | $ | .04 |  |  | $ | (.22 | ) |  | $ | .09 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (.16 | ) |  | $ | (.20 | ) |  | $ | .07 |  |  | $ | (.15 | ) |  | $ | .12 |
Net (loss) income |  | $ | (.33 | ) |  | $ | (.25 | ) |  | $ | .04 |  |  | $ | (.22 | ) |  | $ | .09 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 7,170 |  |  | $ | 1,657 |  |  | $ | 1,896 |  |  | $ | 1,933 |  |  | $ | 1,684 |
Gross profit |  | $ | 1,787 |  |  | $ | 342 |  |  | $ | 493 |  |  | $ | 531 |  |  | $ | 421 |
(Loss) income from continuing operations |  | $ | (394 | ) |  | $ | (435 | ) |  | $ | 61 |  |  | $ | 18 |  |  | $ | (38 | )
Net (loss) income |  | $ | (575 | ) |  | $ | (573 | ) |  | $ | 36 |  |  | $ | 8 |  |  | $ | (46 | )
(Loss) earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (1.14 | ) |  | $ | (1.25 | ) |  | $ | .17 |  |  | $ | .05 |  |  | $ | (.11 | )
Net (loss) income |  | $ | (1.66 | ) |  | $ | (1.65 | ) |  | $ | .10 |  |  | $ | .02 |  |  | $ | (.13 | )
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (1.14 | ) |  | $ | (1.25 | ) |  | $ | .17 |  |  | $ | .05 |  |  | $ | (.11 | )
Net (loss) income |  | $ | (1.66 | ) |  | $ | (1.65 | ) |  | $ | .10 |  |  | $ | .02 |  |  | $ | (.13 | )
(Loss) earnings per common share amounts for the four quarters of 2012 and 2011 may not total to the earnings per common share amounts for the years ended December 31, 2012 and 2011 due to the allocation of income to unvested stock awards. Fourth quarter 2012 loss from continuing operations and net loss include non-cash impairment charges for other intangible assets of $27 million after tax ($42 million pre-tax). Income (loss) from continuing operations and net (loss) income include after-tax gains from financial investments of $10 million ($16 million pre-tax), $1 million ($2 million pre-tax) and $3 million ($4 million pre-tax) in the first, third and fourth quarters, respectively. Income (loss) from continuing operations and net (loss) income include after-tax charge (income) from litigation settlements of $(1) million ($(2) million pre-tax), $75 million ($75 million pre-tax), $— million ($1 million pre-tax) and $2 million ($3 million pre-tax) in the first, second, third and fourth quarters, respectively. Fourth quarter 2011 loss from continuing operations and net loss include non-cash impairment charges for goodwill and other intangible assets of $291 million after tax ($450 million pre-tax). Income (loss) from continuing operations and net (loss) income include after-tax gains from financial investments of $11 million ($17 million pre-tax), $21 million ($33 million pre-tax), $13 million ($19 million pre-tax) and $3 million ($4 million pre-tax) in the first, second, third and fourth quarters, respectively. Income (loss) from continuing operations and net (loss) income include after-tax charge (income) from litigation settlements of $3 million, ($5 million pre-tax), $— million ($1 million pre-tax) and $2 million ($3 million pre-tax) in the second, third and fourth quarters, respectively.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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