XML 72 R34.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Shareholders' Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 | 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 Income (Loss) | 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 | )
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 | )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | 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.

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration