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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The United States and foreign components of income (loss) before income taxes and noncontrolling interests were as follows:
| Years ended December 31,
Dollars in millions | 2015 |  | 2014 |  | 2013
United States | $ | (35 | ) |  | $ | (1,051 | ) |  | $ | (141 | )
Foreign: |  |  |  |  |
United Kingdom | 105 |  |  | 130 |  |  | 162 |
Australia | 32 |  |  | 180 |  |  | 280 |
Canada | 87 |  |  | (101 | ) |  | (117 | )
Other | 123 |  |  | 65 |  |  | 116 |
Subtotal | 347 |  |  | 274 |  |  | 441 |
Total | $ | 312 |  |  | $ | (777 | ) |  | $ | 300 |
TaxesOnMultipleFinancialStatements | The total income taxes included in the statements of operations and in shareholders' equity were as follows:
| Years ended December 31,
Dollars in millions | 2015 |  | 2014 |  | 2013
Provision for income taxes | $ | (86 | ) |  | $ | (421 | ) |  | $ | (129 | )
Shareholders' equity, foreign currency translation adjustment | (3 | ) |  | 4 |  |  | 27 |
Shareholders' equity, pension and post-retirement benefits | (22 | ) |  | 10 |  |  | 18 |
Shareholders' equity, compensation expense and other | — |  |  | — |  |  | — |
Total income taxes | $ | (111 | ) |  | $ | (407 | ) |  | $ | (84 | )
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision for income taxes were as follows:
Dollars in millions | Current |  | Deferred |  | Total
Balance as of December 31, 2015 |  |  |  |  |
Federal | $ | (17 | ) |  | $ | 8 |  |  | $ | (9 | )
Foreign | (55 | ) |  | (22 | ) |  | (77 | )
State and other | — |  |  | — |  |  | — |
Provision for income taxes | $ | (72 | ) |  | $ | (14 | ) |  | $ | (86 | )
Balance as of December 31, 2014 |  |  |  |  |
Federal | $ | 41 |  |  | $ | (333 | ) |  | $ | (292 | )
Foreign | (110 | ) |  | (11 | ) |  | (121 | )
State and other | 1 |  |  | (9 | ) |  | (8 | )
Provision for income taxes | $ | (68 | ) |  | $ | (353 | ) |  | $ | (421 | )
Balance as of December 31, 2013 |  |  |  |  |
Federal | $ | (6 | ) |  | $ | 17 |  |  | $ | 11 |
Foreign | (109 | ) |  | (31 | ) |  | (140 | )
State and other | 4 |  |  | (4 | ) |  | — |
Provision for income taxes | $ | (111 | ) |  | $ | (18 | ) |  | $ | (129 | )
Components Of Foreign Income Tax | The components of our total foreign income tax provision were as follows:
| Years ended December 31,
Dollars in millions | 2015 |  | 2014 |  | 2013
United Kingdom | $ | (15 | ) |  | $ | (22 | ) |  | $ | (34 | )
Australia | 16 |  |  | (24 | ) |  | (41 | )
Canada | 3 |  |  | 6 |  |  | (3 | )
Other | (81 | ) |  | (81 | ) |  | (62 | )
Foreign provision for income taxes | $ | (77 | ) |  | $ | (121 | ) |  | $ | (140 | )
Components of Deferred Income Tax | The components of our deferred income tax provision were as follows:
| Years ended December 31,
Dollars in millions | 2015 |  | 2014 |  | 2013
Expected deferred benefit | $ | 14 |  |  | $ | 254 |  |  | $ | 48 |
Tax reserves and allowances on current year activity | (20 | ) |  | (210 | ) |  | (39 | )
Tax reserves and allowances on beginning of year deferred balances | — |  |  | (320 | ) |  | (9 | )
Unremitted foreign earnings | — |  |  | (77 | ) |  | (5 | )
U.K. statutory rate change | (8 | ) |  | — |  |  | (13 | )
Total deferred provision for income taxes | $ | (14 | ) |  | $ | (353 | ) |  | $ | (18 | )
Schedule of Effective Income Tax Rate Reconciliation | Our effective tax rates on income from operations differed from the statutory U.S. federal income tax rate of 35% as a result of the following:
| Years ended December 31,
| 2015 |  | 2014 |  | 2013
U.S. statutory federal rate, expected (benefit) provision | 35 | % |  | (35 | )% |  | 35 | %
Increase (reduction) in tax rate from: |  |  |  |  |
Rate differentials on foreign earnings | (10 | ) |  | (5 | ) |  | (12 | )
Noncontrolling interests and equity earnings | (8 | ) |  | (4 | ) |  | (5 | )
State and local income taxes, net of federal benefit | 2 |  |  | (2 | ) |  | (1 | )
Other permanent differences, net | — |  |  | 2 |  |  | (2 | )
Contingent liability accrual | (1 | ) |  | 9 |  |  | 7 |
U.S. taxes on foreign unremitted earnings | 1 |  |  | 11 |  |  | 2 |
Non-deductible goodwill impairment | — |  |  | 20 |  |  | — |
Increase in valuation allowance | 6 |  |  | 58 |  |  | 15 |
U.K. statutory rate change | 3 |  |  | — |  |  | 4 |
Effective tax rate on income from operations | 28 | % |  | 54 | % |  | 43 | %
Schedule of Deferred Tax Assets and Liabilities | The primary components of our deferred tax assets and liabilities were as follows:
| Years ended December 31,
Dollars in millions | 2015 |  | 2014
Deferred tax assets: |  |  |
Employee compensation and benefits | $ | 140 |  |  | $ | 175 |
Foreign tax credit carryforwards | 282 |  |  | 233 |
Accrued foreign tax credit carryforwards | 97 |  |  | 89 |
Loss carryforwards | 65 |  |  | 133 |
Insurance accruals | 15 |  |  | 22 |
Allowance for bad debt | 10 |  |  | 10 |
Accrued liabilities | 45 |  |  | 51 |
Total gross deferred tax assets | 654 |  |  | 713 |
Valuation allowances | (542 | ) |  | (538 | )
Net deferred tax assets | 112 |  |  | 175 |
Deferred tax liabilities: |  |  |
Construction contract accounting | $ | (12 | ) |  | $ | (15 | )
Intangibles | (25 | ) |  | (35 | )
Depreciation and amortization | (2 | ) |  | (2 | )
Unremitted foreign earnings | (39 | ) |  | (98 | )
Other | (29 | ) |  | 23 |
Total gross deferred tax liabilities | (107 | ) |  | (127 | )
Deferred income tax assets, net | $ | 5 |  |  | $ | 48 |
Summary of Valuation Allowance | The net deferred tax balance by major jurisdiction after valuation allowance as of December 31, 2015 was as follows:
Dollars in millions | Net Gross Deferred Asset (Liability) |  | Valuation Allowance |  | Deferred Asset (Liability), net
United States | $ | 505 |  |  | $ | (503 | ) |  | $ | 2 |
United Kingdom | 80 |  |  | — |  |  | 80 |
Australia | 1 |  |  | (1 | ) |  | — |
Canada | 18 |  |  | (14 | ) |  | 4 |
Mexico | (91 | ) |  | (2 | ) |  | (93 | )
Other | 34 |  |  | (22 | ) |  | 12 |
Total | $ | 547 |  |  | $ | (542 | ) |  | $ | 5 |
Summary of Operating Loss Carryforwards | At December 31, 2015, the amount of gross tax attributes available prior to the offset with related uncertain tax positions were as follows:
Dollars in millions | December 31, 2015 |  | Expiration
Foreign tax credit carryforwards | $ | 399 |  |  | 2019-2025
Foreign net operating loss carryforwards | $ | 122 |  |  | 2015-2035
Foreign net operating loss carryforwards | $ | 45 |  |  | Indefinite
State net operating loss carryforwards | $ | 580 |  |  | Various
Schedule Of Reconciliation Of Uncertain Tax Positions | A reconciliation of the beginning and ending amount of total unrecognized tax benefits is as follows:
Dollars in millions | 2015 |  | 2014 |  | 2013
Balance at January 1, | $ | 228 |  |  | $ | 68 |  |  | $ | 95 |
Increases related to current year tax positions | 18 |  |  | 13 |  |  | 3 |
Increases related to prior year tax positions | 35 |  |  | 168 |  |  | 15 |
Decreases related to prior year tax positions | (3 | ) |  | (13 | ) |  | (36 | )
Settlements | (2 | ) |  | (1 | ) |  | — |
Lapse of statute of limitations | (16 | ) |  | (5 | ) |  | (2 | )
Other, primarily due to exchange rate fluctuations affecting non-U.S. tax positions | (3 | ) |  | (2 | ) |  | (7 | )
Balance at December 31, | $ | 257 |  |  | $ | 228 |  |  | $ | 68 |

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