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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2015
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Activities
The following tables summarize our activity in shareholders’ equity:
Dollars in millions
Total
 
PIC
 
Retained
Earnings
 
Treasury
Stock
 
AOCL
 
NCI
Balance at December 31, 2014
$
935

 
$
2,091

 
$
439

 
$
(712
)
 
$
(876
)
 
$
(7
)
Acquisition of noncontrolling interest
(40
)
 
(40
)
 

 

 

 

Share-based compensation
5

 
5

 


 

 

 

Common stock issued upon exercise of stock options
1

 
1

 

 

 

 

Dividends declared to shareholders
(12
)
 

 
(12
)
 

 

 

Repurchases of common stock
(16
)
 

 

 
(16
)
 

 

Issuance of ESPP shares
1

 
(1
)
 

 
2

 

 

Distributions to noncontrolling interests
(7
)
 

 

 

 

 
(7
)
Net income (loss)
51

 

 
44

 

 

 
7

Other comprehensive income (loss), net of tax
(46
)
 

 

 

 
(46
)
 

Balance at March 31, 2015
$
872

 
$
2,056

 
$
471

 
$
(726
)
 
$
(922
)
 
$
(7
)
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in millions
Total
 
PIC
 
Retained
Earnings
 
Treasury
Stock
 
AOCL
 
NCI
Balance at December 31, 2013
$
2,439

 
$
2,065

 
$
1,748

 
$
(610
)
 
$
(740
)
 
$
(24
)
Share-based compensation
5

 
5

 

 

 

 

Common stock issued upon exercise of stock options
4

 
4

 

 

 

 

Tax benefit increase related to share based plans
1

 
1

 

 

 

 

Dividends declared to shareholders
(12
)
 

 
(12
)
 

 

 

Repurchases of common stock
(56
)
 

 

 
(56
)
 

 

Issuance of ESPP shares
2

 

 

 
2

 

 

Distributions to noncontrolling interests
(19
)
 

 

 

 

 
(19
)
Net income (loss)
(20
)
 

 
(43
)
 

 

 
23

Other comprehensive income (loss), net of tax
17

 

 

 

 
17

 

Balance at March 31, 2014
$
2,361

 
$
2,075

 
$
1,693

 
$
(664
)
 
$
(723
)
 
$
(20
)


Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive loss, net of tax
 
March 31,
Dollars in millions
2015
 
2014
Accumulated foreign currency translation adjustments, net of tax of $(3) and $3
$
(261
)
 
$
(122
)
Pension and post-retirement benefits, net of tax of $(230) and $(218)
(658
)
 
(599
)
Fair value of derivatives, net of tax of $0 and $0
(3
)
 
(2
)
Total accumulated other comprehensive loss
$
(922
)
 
$
(723
)
Changes in accumulated other comprehensive loss, net of tax, by component
Dollars in millions
Accumulated foreign currency translation adjustments
 
Accumulated pension liability adjustments
 
Changes in fair value of derivatives
 
Total
Balance at December 31, 2014
$
(203
)
 
$
(670
)
 
$
(3
)
 
$
(876
)
Other comprehensive income adjustments before reclassifications
(58
)
 

 

 
(58
)
Amounts reclassified from accumulated other comprehensive income

 
12

 

 
12

Balance at March 31, 2015
$
(261
)
 
$
(658
)
 
$
(3
)
 
$
(922
)


Dollars in millions
Accumulated foreign currency translation adjustments
 
Accumulated pension liability adjustments
 
Changes in fair value of derivatives
 
Total
Balance at December 31, 2013
$
(131
)
 
$
(608
)
 
$
(1
)
 
$
(740
)
Other comprehensive income adjustments before reclassifications
9

 
1

 
(1
)
 
9

Amounts reclassified from accumulated other comprehensive income

 
8

 

 
8

Balance at March 31, 2014
$
(122
)
 
$
(599
)
 
$
(2
)
 
$
(723
)
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
Reclassifications out of accumulated other comprehensive loss, net of tax, by component
 
Three Months Ended March 31,
 
 
Dollars in millions
2015
 
2014
 
Affected line item on the Condensed Consolidated Statements of Operations
Accumulated pension liability adjustments
 
 
 
 
 
    Amortization of actuarial loss (a)
$
(14
)
 
$
(11
)
 
See (a) below
Tax benefit
2

 
3

 
Provision for income taxes
Net pension and post-retirement benefits
$
(12
)
 
$
(8
)
 
Net of tax
 
(a)
This item is included in the computation of net periodic pension cost. See Note 9 to our condensed consolidated financial statements for further discussion.