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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 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, 2012 | $ | 2,511 |  |  | $ | 2,049 |  |  | $ | 1,709 |  |  | $ | (606 | ) |  | $ | (610 | ) |  | $ | (31 | )
Share-based compensation | 16 |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock issued upon exercise of stock options | 6 |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared to shareholders | (36 | ) |  | — |  |  | (36 | ) |  | — |  |  | — |  |  | — |
Adjustment pursuant to tax sharing agreement | (7 | ) |  | (7 | ) |  | — |  |  | — |  |  | — |  |  | — |
Repurchases of common stock | (7 | ) |  | — |  |  | — |  |  | (7 | ) |  | — |  |  | — |
Issuance of ESPP shares | 4 |  |  | 1 |  |  | — |  |  | 3 |  |  | — |  |  | — |
Investments by noncontrolling interests | 9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9 |
Distributions to noncontrolling interests | (109 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (109 | )
Other noncontrolling interests activity | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net income | 171 |  |  | — |  |  | 75 |  |  | — |  |  | — |  |  | 96 |
Other comprehensive (loss), net of tax | (121 | ) |  | — |  |  | — |  |  | — |  |  | (130 | ) |  | 9 |
Balance at December 31, 2013 | $ | 2,439 |  |  | $ | 2,065 |  |  | $ | 1,748 |  |  | $ | (610 | ) |  | $ | (740 | ) |  | $ | (24 | )
Share-based compensation | 22 |  |  | 22 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock issued upon exercise of stock options | 4 |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared to shareholders | (47 | ) |  | — |  |  | (47 | ) |  | — |  |  | — |  |  | — |
Repurchases of common stock | (106 | ) |  | — |  |  | — |  |  | (106 | ) |  | — |  |  | — |
Issuance of ESPP shares | 4 |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | — |
Investments by noncontrolling interests | 10 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |
Distributions to noncontrolling interests | (61 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (61 | )
Other noncontrolling interests activity | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net income (loss) | (1,198 | ) |  | — |  |  | (1,262 | ) |  | — |  |  | — |  |  | 64 |
Other comprehensive (loss), net of tax | (134 | ) |  | — |  |  | — |  |  | — |  |  | (136 | ) |  | 2 |
Balance at December 31, 2014 | $ | 935 |  |  | $ | 2,091 |  |  | $ | 439 |  |  | $ | (712 | ) |  | $ | (876 | ) |  | $ | (7 | )
Acquisition of noncontrolling interest | (40 | ) |  | (40 | ) |  | — |  |  | — |  |  | — |  |  | — |
Share-based compensation | 18 |  |  | 18 |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock issued upon exercise of stock options | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared to shareholders | (47 | ) |  | — |  |  | (47 | ) |  | — |  |  | — |  |  | — |
Repurchases of common stock | (62 | ) |  | — |  |  | — |  |  | (62 | ) |  | — |  |  | — |
Issuance of ESPP shares | 5 |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | — |
Distributions to noncontrolling interests | (28 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (28 | )
Other noncontrolling interests activity | (3 | ) |  | — |  |  |  |  |  | — |  |  | — |  |  | (3 | )
Net income | 226 |  |  | — |  |  | 203 |  |  | — |  |  | — |  |  | 23 |
Other comprehensive income, net of tax | 47 |  |  | — |  |  | — |  |  | — |  |  | 45 |  |  | 2 |
Balance at December 31, 2015 | $ | 1,052 |  |  | $ | 2,070 |  |  | $ | 595 |  |  | $ | (769 | ) |  | $ | (831 | ) |  | $ | (13 | )
Accumulated Other Comprehensive Income (Loss) | Accumulated other comprehensive loss, net of tax
| December 31,
Dollars in millions | 2015 |  | 2014 |  | 2013
Accumulated foreign currency translation adjustments, net of tax of $1, $4 and $0 | $ | (269 | ) |  | $ | (203 | ) |  | $ | (131 | )
Pension and post-retirement benefits, net of tax of $209, $231 and $221 | (560 | ) |  | (670 | ) |  | (608 | )
Changes in fair value of derivatives, net of tax of $0, $0 and $0 | (2 | ) |  | (3 | ) |  | (1 | )
Total accumulated other comprehensive loss | $ | (831 | ) |  | $ | (876 | ) |  | $ | (740 | )
Changes in accumulated other comprehensive loss, net of tax, by component
Dollars in millions | Accumulated foreign currency translation adjustments |  | Pension and post-retirement benefits |  | Changes in fair value of derivatives |  | Total
Balance as of December 31, 2013 | $ | (131 | ) |  | $ | (608 | ) |  | $ | (1 | ) |  | $ | (740 | )
Other comprehensive income adjustments before reclassifications | (73 | ) |  | (96 | ) |  | (2 | ) |  | (171 | )
Amounts reclassified from accumulated other comprehensive income | 1 |  |  | 34 |  |  | — |  |  | 35 |
Balance at December 31, 2014 | $ | (203 | ) |  | $ | (670 | ) |  | $ | (3 | ) |  | $ | (876 | )
Other comprehensive income adjustments before reclassifications | (70 | ) |  | 71 |  |  | — |  |  | 1 |
Amounts reclassified from accumulated other comprehensive income | 4 |  |  | 39 |  |  | 1 |  |  | 44 |
Balance at December 31, 2015 | $ | (269 | ) |  | $ | (560 | ) |  | $ | (2 | ) |  | $ | (831 | )
Changes in AOCL | Accumulated other comprehensive loss, net of tax
| December 31,
Dollars in millions | 2015 |  | 2014 |  | 2013
Accumulated foreign currency translation adjustments, net of tax of $1, $4 and $0 | $ | (269 | ) |  | $ | (203 | ) |  | $ | (131 | )
Pension and post-retirement benefits, net of tax of $209, $231 and $221 | (560 | ) |  | (670 | ) |  | (608 | )
Changes in fair value of derivatives, net of tax of $0, $0 and $0 | (2 | ) |  | (3 | ) |  | (1 | )
Total accumulated other comprehensive loss | $ | (831 | ) |  | $ | (876 | ) |  | $ | (740 | )
Changes in accumulated other comprehensive loss, net of tax, by component
Dollars in millions | Accumulated foreign currency translation adjustments |  | Pension and post-retirement benefits |  | Changes in fair value of derivatives |  | Total
Balance as of December 31, 2013 | $ | (131 | ) |  | $ | (608 | ) |  | $ | (1 | ) |  | $ | (740 | )
Other comprehensive income adjustments before reclassifications | (73 | ) |  | (96 | ) |  | (2 | ) |  | (171 | )
Amounts reclassified from accumulated other comprehensive income | 1 |  |  | 34 |  |  | — |  |  | 35 |
Balance at December 31, 2014 | $ | (203 | ) |  | $ | (670 | ) |  | $ | (3 | ) |  | $ | (876 | )
Other comprehensive income adjustments before reclassifications | (70 | ) |  | 71 |  |  | — |  |  | 1 |
Amounts reclassified from accumulated other comprehensive income | 4 |  |  | 39 |  |  | 1 |  |  | 44 |
Balance at December 31, 2015 | $ | (269 | ) |  | $ | (560 | ) |  | $ | (2 | ) |  | $ | (831 | )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Reclassifications out of accumulated other comprehensive loss, net of tax, by component
Dollars in millions | December 31, 2015 |  | December 31, 2014 |  | Affected line item on the Consolidated Statements of Operations
Pension and post-retirement benefits |  |  |  |  |
Amortization of actuarial loss (a) | $ | (48 | ) |  | $ | (42 | ) |  | See (a) below
Tax benefit (expense) | 9 |  |  | 8 |  |  | Provision for income taxes
Net pension and post-retirement benefits | $ | (39 | ) |  | $ | (34 | ) |  | Net of tax
(a) | This item is included in the computation of net periodic pension cost. See Note 11 to our consolidated financial statements for further discussion.
Shares Of Common Stock | Shares of common stock
Shares in millions | Shares
Balance at December 31, 2013 | 173.9 |
Common stock issued | 0.5 |
Balance at December 31, 2014 | 174.4 |
Common stock issued | 0.7 |
Balance at December 31, 2015 | 175.1 |
Shares of Treasury Stock | Shares of treasury stock
Shares and dollars in millions | Shares |  | Amount
Balance at December 31, 2013 | 25.7 |  |  | $ | 610 |
Treasury stock acquired, net of ESPP shares issued | 3.9 |  |  | 102 |
Balance at December 31, 2014 | 29.6 |  |  | 712 |
Treasury stock acquired, net of ESPP shares issued | 3.4 |  |  | 57 |
Balance at December 31, 2015 | 33.0 |  |  | $ | 769 |
The table below presents information on our annual share repurchases activity under these programs:
| Year Ending December 31, 2015
| Number of Shares |  | Average Price per Share |  | Dollars in Millions
Repurchases under the $350 million authorized share repurchase program | 2,992,687 |  |  | $ | 17.43 |  |  | $ | 52 |
Repurchases under the existing share maintenance program | 466,974 |  |  | 15.43 |  |  | 7 |
Withheld to cover shares | 182,964 |  |  | 16.98 |  |  | 3 |
Total | 3,642,625 |  |  | $ | 17.15 |  |  | $ | 62 |
| Year Ending December 31, 2014
| Number of Shares |  | Average Price per Share |  | Dollars in Millions
Repurchases under the $350 million authorized share repurchase program | 3,374,479 |  |  | $ | 26.13 |  |  | $ | 88 |
Repurchases under the existing share maintenance program | 593,042 |  |  | 26.07 |  |  | 16 |
Withheld to cover shares | 73,557 |  |  | 27.69 |  |  | 2 |
Total | 4,041,078 |  |  | $ | 26.15 |  |  | $ | 106 |

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