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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES

Schedule of components of income taxes expense (benefit) from continuing operations

					(In Millions)

		2013			2012			2011
Income (loss) from continuing operations before income taxes:
U.S.		$	279		$	(84	)	$	(575	)
Foreign			155			157			183


		$	434		$	73		$	(392	)




Income tax expense (benefit) on income (loss) from continuing operations:
Currently payable:
U.S. Federal		$	3		$	—		$	—
State and local			4			(2	)		(1	)
Foreign			58			51			63
Deferred:
U.S. Federal			41			31			(103	)
State and local			7			7			—
Foreign			(2	)		4			1


		$	111		$	91		$	(40	)




Deferred tax assets at December 31:
Receivables		$	12		$	14
Inventories			23			24
Other assets, principally stock-based compensation			103			118
Accrued liabilities			157			156
Long-term liabilities			195			253
Net operating loss carryforward			317			400
Tax credit carryforward			38			25


			845			990
Valuation allowance			(670	)		(787	)


			175			203


Deferred tax liabilities at December 31:
Property and equipment			148			180
Intangibles			342			286
Investment in foreign subsidiaries			5			8
Other			4			9


			499			483


Net deferred tax liability at December 31		$	324		$	280

Schedule of reconciliation of the U.S. Federal statutory tax rate to the income tax expense (benefit) on income (loss) from continuing operations

		2013			2012			2011

U.S. Federal statutory tax rate – expense (benefit)			35	%		35	%		(35	)%
State and local taxes, net of U.S. Federal tax benefit			2			4			—
Lower taxes on foreign earnings			—			(9	)		—
U.S. and foreign taxes on distributed and undistributed foreign earnings			—			1			—
Goodwill and other intangible assets impairment charges providing no tax benefit			—			2			3
U.S. Federal valuation allowance			(11	)		89			24
Other, net			—			3			(2	)


Effective tax rate – expense (benefit)			26	%		125	%		(10	)%

Schedule of reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties

		(In millions)

		Uncertain Tax Positions			Interest and Penalties			Total
Balance at January 1, 2012		$	61		$	20		$	81
Current year tax positions:
Additions			6						6
Prior year tax positions:
Reductions			(4	)					(4	)
Settlements with tax authorities			—						—
Lapse of applicable statute of limitations			(12	)					(12	)
Interest and penalties recognized in income tax expense			—			(3	)		(3	)


Balance at December 31, 2012		$	51		$	17		$	68




Current year tax positions:
Additions		$	9					$	9
Prior year tax positions:
Additions			1						1
Reductions			(2	)					(2	)
Settlements with tax authorities			(1	)					(1	)
Lapse of applicable statute of limitations			(12	)					(12	)
Interest and penalties recognized in income tax expense					$	(4	)		(4	)


Balance at December 31, 2013		$	46		$	13		$	59