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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2015
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders’ Equity 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 | 10 |  |  | 10 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock issued upon exercise of stock options | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared to shareholders | (23 | ) |  | — |  |  | (23 | ) |  | — |  |  | — |  |  | — |
Repurchases of common stock | (17 | ) |  | — |  |  | — |  |  | (17 | ) |  | — |  |  | — |
Issuance of ESPP shares | 2 |  |  | (1 | ) |  | — |  |  | 3 |  |  | — |  |  | — |
Investments by noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Distributions to noncontrolling interests | (12 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (12 | )
Net income | 119 |  |  | — |  |  | 106 |  |  | — |  |  | — |  |  | 13 |
Other comprehensive income (loss), net of tax | (39 | ) |  | — |  |  | — |  |  | — |  |  | (40 | ) |  | 1 |
Balance at June 30, 2015 | $ | 936 |  |  | $ | 2,061 |  |  | $ | 522 |  |  | $ | (726 | ) |  | $ | (916 | ) |  | $ | (5 | )
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 | 11 |  |  | 11 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock issued upon exercise of stock options | 4 |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | — |
Tax benefit increase related to share based plans | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared to shareholders | (24 | ) |  | — |  |  | (24 | ) |  | — |  |  | — |  |  | — |
Repurchases of common stock | (96 | ) |  | — |  |  | — |  |  | (96 | ) |  | — |  |  | — |
Issuance of ESPP shares | 2 |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |
Investments by noncontrolling interests | 8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8 |
Distributions to noncontrolling interests | (33 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (33 | )
Net income (loss) | (12 | ) |  | — |  |  | (51 | ) |  | — |  |  | — |  |  | 39 |
Other comprehensive income, net of tax | 39 |  |  | — |  |  | — |  |  | — |  |  | 39 |  |  | — |
Balance at June 30, 2014 | $ | 2,339 |  |  | $ | 2,081 |  |  | $ | 1,673 |  |  | $ | (704 | ) |  | $ | (701 | ) |  | $ | (10 | )
Accumulated other comprehensive loss, net of tax
| June 30,
Dollars in millions | 2015 |  | 2014
Accumulated foreign currency translation adjustments, net of tax of $(5) and $5 | $ | (265 | ) |  | $ | (108 | )
Pension and post-retirement benefits, net of tax of $(228) and $(216) | (648 | ) |  | (591 | )
Fair value of derivatives, net of tax of $0 and $0 | (3 | ) |  | (2 | )
Total accumulated other comprehensive loss | $ | (916 | ) |  | $ | (701 | )
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 | (62 | ) |  | — |  |  | — |  |  | (62 | )
Amounts reclassified from accumulated other comprehensive income | — |  |  | 22 |  |  | — |  |  | 22 |
Balance at June 30, 2015 | $ | (265 | ) |  | $ | (648 | ) |  | $ | (3 | ) |  | $ | (916 | )
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 | 22 |  |  | — |  |  | (1 | ) |  | 21 |
Amounts reclassified from accumulated other comprehensive income | 1 |  |  | 17 |  |  | — |  |  | 18 |
Balance at June 30, 2014 | $ | (108 | ) |  | $ | (591 | ) |  | $ | (2 | ) |  | $ | (701 | )
Reclassifications out of accumulated other comprehensive loss, net of tax, by component
| Six Months Ended June 30, |  |
Dollars in millions | 2015 |  | 2014 |  | Affected line item on the Condensed Consolidated Statements of Operations
Accumulated pension liability adjustments |  |  |  |  |
Amortization of actuarial loss (a) | $ | (25 | ) |  | $ | (21 | ) |  | See (a) below
Tax benefit | 3 |  |  | 4 |  |  | Provision for income taxes
Net pension and post-retirement benefits | $ | (22 | ) |  | $ | (17 | ) |  | Net of tax
(a) | This item is included in the computation of net periodic pension cost. See Note 8 to our condensed consolidated financial statements for further discussion.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
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