XML 126 R16.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Investments | 12 Months Ended
--- | ---
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract] |
Investments | 8. INVESTMENTS
[a] | At December 31, 2014, the Company held Canadian third party ABCP with a face value of Cdn$107 million [2013—Cdn$107 million]. The following is a continuity of the Company’s investment in ABCP:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Balance, beginning of year |  | $ | 92 |  |  | $ | 90 |  |  | $ | 82 |
Valuation adjustment [i] |  |  | 3 |  |  |  | 8 |  |  |  | 15 |
Cash receipts |  |  | — |  |  |  | — |  |  |  | (9 | )
Foreign exchange and other |  |  | (7 | ) |  |  | (6 | ) |  |  | 2 |
|  | $ | 88 |  |  | $ | 92 |  |  | $ | 90 |
| [i] | The carrying value of this investment was based on a valuation technique estimating the fair value from the perspective of a market participant. The valuation adjustment is recorded in selling, general and administrative expense.
[b] | The Company’s net income includes the proportionate share of net income or loss of its equity method investees, including the Company’s 76% interest in an entity subject to shared control. When a proportionate share of net income is recorded, it increases equity income in the consolidated statements of income and the carrying value of those investments. Conversely, when a proportionate share of a net loss is recorded, it decreases equity income in the consolidated statements of income and the carrying value of those investments. The following is the Company’s combined proportionate share of the major components of the financial statements of the entities in which the Company accounts for using the equity method:
Balance Sheets
|  | 2014 |  |  | 2013 |
Current assets |  | $ | 479 |  |  | $ | 373 |
Long-term assets |  | $ | 289 |  |  | $ | 82 |
Current liabilities |  | $ | 364 |  |  | $ | 167 |
Long-term liabilities |  | $ | 124 |  |  | $ | 76 |
Statements of Income
|  | 2014 |  |  | 2013 |  |  | 2012 |
Sales |  | $ | 1,732 |  |  | $ | 1,013 |  |  | $ | 967 |
Cost of goods sold, expenses and income taxes |  |  | 1,521 |  |  |  | 839 |  |  |  | 814 |
Net income |  | $ | 211 |  |  | $ | 174 |  |  | $ | 153 |
Sales to equity method investees were approximately $135 million, $144 million and $171 million in 2014, 2013 and 2012, respectively.

X
- Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27405-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration