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Tax (Tables)
 9 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]  
Difference Between Effective Tax Rate

The difference between the effective tax rate reflected in the provision for income taxes and the U.S. federal statutory rate of 35% was as follows (in millions):

 

     Three Months Ended
September 30,		      Nine Months Ended
September 30,		  
     2015      2014      2015      2014  

Federal income tax at U.S. federal statutory rate

    $ 67       $ 344       $ 380       $ 932   

Foreign income tax rate differential

      (30 )       (91 )       (117 )       (189 ) 

State income tax, net of federal benefit

      —           8         3         23   

Nondeductible expenses

      —           1         17         20   

Tax benefit of manufacturing deduction

      7         (13 )       (3 )       (31 ) 

Foreign dividends, net of foreign tax credits

      (1 )       113         14         134   

Tax impact of foreign exchange

      (4 )       16         (22 )       14   

Change in valuation allowance

      —           (94 )       —           (92 ) 

Change in tax reserves

      (2 )       —           67         —     

Other

      (1 )       (1 )       (9 )       (5 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Provision for income taxes

    $ 36       $ 283       $ 330       $ 806