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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

difference in book basis and tax basis of net assets not subject to income taxes [Table Text Block]

The difference between the book basis and the tax basis of our net assets, not directly subject to income taxes, is as follows:

	Year Ended December 31,
	2011				2010
	(in millions)
Book basis of net assets	$	3,755			$	3,183
Book/tax basis difference	(1,553		)		(1,017		)
Tax basis of net assets	$	2,202			$	2,166

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Our corporate subsidiaries recorded the following income tax (expense) benefit attributable to continuing operations for our taxable subsidiaries:

	Year Ended December 31,
	2011				2010				2009
Continuing Operations	(in millions)
Current:
Domestic	$	(1	)		$	17			$	(14	)
International	(45		)		(54		)		(30		)
Total current	(46		)		(37		)		(44		)
Deferred:
Domestic	4				(15		)		49
International	8				43				39
Total deferred	12				28				88
	$	(34	)		$	(9	)		$	44

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effect of significant differences representing deferred tax assets (liabilities) (the difference between financial statement carrying value and the tax basis of assets and liabilities) is as follows:

	Year Ended December 31,
	2011				2010
	(in millions)
Deferred tax assets:
Property, plant and equipment	$	180			$	191
Net operating loss	873				866
Tax credits	120				118
Post-employment benefits, including pensions	412				366
Reorganization costs	78				115
Other	167				127
Total deferred tax assets	1,830				1,783
Less: Valuation allowance	(1,403		)		(1,402		)
Net deferred tax assets	$	427			$	381
Deferred tax liabilities:
Property, plant and equipment	$	(115	)		$	(188	)
Intangible assets	(263		)		(266		)
Investment in partnerships	(103		)		—
Investment in U.S. subsidiaries	(366		)		(367		)
Other	(14		)		(18		)
Total deferred tax liabilities	(861		)		(839		)
	$	(434	)		$	(458	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the effective tax rate on continuing operations as shown in the consolidated statements of operations to the federal statutory rate is as follows:

	Years Ended December 31,
	2011			2010			2009
Federal statutory rate	35.0	%		35.0	%		35.0	%
Foreign Operations	0.8			3.0			3.1
Valuation allowance	(0.6	)		(5.7	)		(0.4	)
Gain on settlement of liabilities subject to compromise	(1.4	)		—			(0.2	)
Income not subject to taxation	(31.4	)		(30.0	)		(38.8	)
Other	(0.5	)		(1.1	)		(2.4	)
	1.9	%		1.2	%		(3.7	)%

Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block]

A summary of the changes in the gross amounts of unrecognized tax benefits for the fiscal years ended December 31, 2010, 2009 and 2008 are as follows:

	Years Ended December 31,
	2011				2010				2009
	(in millions)
Balance at January 1	$	407			$	430			$	467
Addition based on tax positions related to the current year	7				7				20
Increase for tax positions of prior years	27				7				13
Decrease for tax positions of prior years	(20		)		(9		)		(45		)
Decrease for statute of limitation expiration	(9		)		(21		)		(26		)
Settlements	(21		)		—				—
Impact of currency translation and other	(3		)		(7		)		1
Balance at December 31	$	388			$	407			$	430

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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-Publisher FASB

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-Name Accounting Standards Codification

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