XML 59 R41.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Taxes |
Provision (benefit) for income taxes calculated based on components of earnings (loss) before income taxes |
Continuing operations |  | 2016 |  | 2015 |  | 2014 |
U.S. |  | $ | (27) |  | $ | — |  | $ | 36 |
Non-U.S. |  |  | 383 |  |  | 268 |  |  | 271 |
|  | $ | 356 |  | $ | 268 |  | $ | 307 |
Discontinued operations |  | 2016 |  | 2015 |  | 2014 |
U.S. |  | $ | — |  | $ | — |  | $ | (19) |
Non-U.S. |  |  | (7) |  |  | (4) |  |  | (4) |
|  | $ | (7) |  | $ | (4) |  | $ | (23) |
Provision (benefit) for income taxes |
|  | 2016 |  | 2015 |  | 2014 |
Current: |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | — |  | $ | 9 |  | $ | 7 |
Non-U.S. |  |  | 123 |  |  | 85 |  |  | 103 |
|  |  | 123 |  |  | 94 |  |  | 110 |
Deferred: |  |  |  |  |  |  |  |  |  |
U.S. |  |  | 3 |  |  | 10 |  |  | — |
Non-U.S. |  |  | (7) |  |  | 2 |  |  | (18) |
|  |  | (4) |  |  | 12 |  |  | (18) |
Total: |  |  |  |  |  |  |  |  |  |
U.S. |  |  | 3 |  |  | 19 |  |  | 7 |
Non-U.S. |  |  | 116 |  |  | 87 |  |  | 85 |
Total for continuing operations |  |  | 119 |  |  | 106 |  |  | 92 |
Total for discontinued operations |  |  | — |  |  | — |  |  | — |
|  | $ | 119 |  | $ | 106 |  | $ | 92 |
Reconciliation of the provision for income taxes |
|  | 2016 |  | 2015 |  | 2014 |
Tax provision on pretax earnings from continuing operations at statutory U.S. Federal tax rate |  | $ | 124 |  | $ | 94 |  | $ | 107 |
Increase (decrease) in provision for income taxes due to: |  |  |  |  |  |  |  |  |  |
Non-U.S. tax rates |  |  | (22) |  |  | (12) |  |  | (22) |
Changes in valuation allowance |  |  | 3 |  |  | 1 |  |  | (2) |
Withholding tax, net |  |  | 22 |  |  | 18 |  |  | 18 |
Non-deductible acquisition costs |  |  |  |  |  | 6 |  |  |  |
U.S. tax on intercompany dividends and interest |  |  | 3 |  |  | 16 |  |  | 1 |
Tax exempt income |  |  | (2) |  |  | (3) |  |  | (5) |
Intraperiod tax allocation |  |  | (8) |  |  |  |  |  |  |
Tax law changes |  |  | (3) |  |  | (3) |  |  |  |
Tax credit |  |  | (19) |  |  | (14) |  |  | (3) |
Changes in tax reserves |  |  | 8 |  |  | 5 |  |  | (13) |
Mexico inflationary adjustments |  |  | 6 |  |  | 3 |  |  |  |
Other items |  |  | 7 |  |  | (5) |  |  | 11 |
Provision for income taxes |  | $ | 119 |  | $ | 106 |  | $ | 92 |
Significant components of deferred tax assets and liabilities and deferred taxes included in the Consolidated Balance Sheets |
|  | 2016 |  | 2015 |
Deferred tax assets: |  |  |  |  |  |  |
Accrued postretirement benefits |  | $ | 53 |  | $ | 51 |
Asbestos-related liabilities |  |  | 242 |  |  | 286 |
Foreign tax credit |  |  | 413 |  |  | 389 |
Operating and capital loss carryovers |  |  | 389 |  |  | 435 |
Other credit carryovers |  |  | 34 |  |  | 38 |
Accrued liabilities |  |  | 95 |  |  | 82 |
Pension liability |  |  | 138 |  |  | 128 |
Other |  |  | 74 |  |  | 63 |
Total deferred tax assets |  |  | 1,438 |  |  | 1,472 |
Deferred tax liabilities: |  |  |  |  |  |  |
Property, plant and equipment |  |  | 131 |  |  | 128 |
Intangibles and deferred software |  |  | 119 |  |  | 131 |
Other |  |  | 9 |  |  | 25 |
Total deferred tax liabilities |  |  | 259 |  |  | 284 |
Valuation allowance |  |  | (1,094) |  |  | (1,135) |
Net deferred taxes |  | $ | 85 |  | $ | 53 |
Deferred taxes are included in the Consolidated Balance Sheets at December 31, 2016 and 2015 as follows:
|  | 2016 |  | 2015 |
Other assets |  | $ | 185 |  | $ | 177 |
Deferred taxes |  |  | (100) |  |  | (124) |
Net deferred taxes |  | $ | 85 |  | $ | 53 |
Reconciliation of the gross unrecognized tax benefits |
|  | 2016 |  | 2015 |  | 2014 |
Balance at January 1 |  | $ | 74 |  | $ | 77 |  | $ | 100 |
Additions and reductions for tax positions of prior years |  |  |  |  |  | 1 |  |  | (13) |
Additions based on tax positions related to the current year |  |  | 15 |  |  | 10 |  |  | 10 |
Reductions due to the lapse of the applicable statute of limitations |  |  | (3) |  |  | (5) |  |  | (8) |
Reductions due to settlements |  |  | (12) |  |  | (1) |  |  | (1) |
Foreign currency translation |  |  |  |  |  | (8) |  |  | (11) |
Balance at December 31 |  | $ | 74 |  | $ | 74 |  | $ | 77 |
Unrecognized tax benefits, which if recognized, would impact the Company’s effective income tax rate |  | $ | 66 |  | $ | 67 |  | $ | 70 |
Accrued interest and penalties at December 31 |  | $ | 23 |  | $ | 25 |  | $ | 29 |
Interest and penalties included in tax expense for the years ended December 31 |  | $ | (2) |  | $ | (1) |  | $ | (2) |

X
- Definition This block of text may be used to disclose all or parts of the required information for current and deferred income tax provisions. + References No definition available. + Details
Name: | oi_ScheduleOfCurrentAndDeferredIncomeTaxesProvisionTableTextBlock
Namespace Prefix: | oi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration