XML 67 R53.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Note 14 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
|  | Successor |  |  | Predecessor |
(in millions) |  | Year Ended December 31, 2015 |  |  | Year Ended December 31, 2014 |  |  | Four Months Ended December 31, 2013 |  |  | Eight Months Ended August 31, 2013 |
(Loss) earnings from continuing operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | (136 | ) |  | $ | (151 | ) |  | $ | (98 | ) |  | $ | 2,281 |
Outside the U.S. |  |  | 138 |  |  |  | 102 |  |  |  | 43 |  |  |  | 125 |
Total |  | $ | 2 |  |  | $ | (49 | ) |  | $ | (55 | ) |  | $ | 2,406 |
U.S. income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current provision (benefit) |  | $ | 1 |  |  | $ | (2 | ) |  | $ | 3 |  |  | $ | — |
Deferred provision (benefit) |  |  | 9 |  |  |  | 4 |  |  |  | 3 |  |  |  | (3 | )
Income taxes outside the U.S.: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current provision (benefit) |  |  | 20 |  |  |  | (1 | ) |  |  | 8 |  |  |  | 53 |
Deferred provision (benefit) |  |  | — |  |  |  | 7 |  |  |  | (8 | ) |  |  | 105 |
State and other income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current provision |  |  | — |  |  |  | 1 |  |  |  | 2 |  |  |  | 1 |
Deferred provision |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
Total provision |  | $ | 30 |  |  | $ | 10 |  |  | $ | 8 |  |  | $ | 156 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Successor |  |  | Predecessor |
(in millions) |  | Year Ended December 31, 2015 |  |  | Year Ended December 31, 2014 |  |  | Four Months Ended December 31, 2013 |  |  | Eight Months Ended August 31, 2013 |
Amount computed using the statutory rate |  | $ | 1 |  |  | $ | (17 | ) |  | $ | (18 | ) |  | $ | 842 |
Increase (reduction) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and other income taxes, net of federal |  |  | — |  |  |  | 1 |  |  |  | 2 |  |  |  | — |
Unremitted foreign earnings |  |  | 26 |  |  |  | 4 |  |  |  | 36 |  |  |  | 32 |
Impact of goodwill and intangible impairments |  |  | — |  |  |  | — |  |  |  | (3 | ) |  |  | (22 | )
Operations outside the U.S. |  |  | 25 |  |  |  | 95 |  |  |  | 72 |  |  |  | (20 | )
Legislative rate changes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Valuation allowance |  |  | (83 | ) |  |  | (127 | ) |  |  | (106 | ) |  |  | 25 |
Tax settlements and adjustments, including interest |  |  | 2 |  |  |  | (5 | ) |  |  | 1 |  |  |  | 5 |
Discharge of debt and other reorganization related items |  |  | 60 |  |  |  | 57 |  |  |  | 24 |  |  |  | (722 | )
Other, net |  |  | (1 | ) |  |  | 2 |  |  |  | — |  |  |  | 15 |
Provision for income taxes |  | $ | 30 |  |  | $ | 10 |  |  | $ | 8 |  |  | $ | 156 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | As of December 31, |
(in millions) |  | 2015 |  |  | 2014 |
Deferred tax assets |  |  |  |  |  |  |  |
Pension and postretirement obligations |  | $ | 187 |  |  | $ | 221 |
Restructuring programs |  |  | 3 |  |  |  | 5 |
Foreign tax credit |  |  | 314 |  |  |  | 258 |
Inventories |  |  | 14 |  |  |  | 20 |
Investment tax credit |  |  | 80 |  |  |  | 100 |
Employee deferred compensation |  |  | 46 |  |  |  | 43 |
Depreciation |  |  | 62 |  |  |  | 45 |
Research and development costs |  |  | 188 |  |  |  | 232 |
Tax loss carryforwards |  |  | 380 |  |  |  | 355 |
Other deferred revenue |  |  | 13 |  |  |  | 13 |
Other |  |  | 112 |  |  |  | 111 |
Total deferred tax assets |  | $ | 1,399 |  |  | $ | 1,403 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Leasing |  | $ | 1 |  |  | $ | 7 |
Goodwill/Intangibles |  |  | 49 |  |  |  | 51 |
Unremitted foreign earnings |  |  | 121 |  |  |  | 176 |
Total deferred tax liabilities |  |  | 171 |  |  |  | 234 |
Net deferred tax assets before valuation allowance |  |  | 1,228 |  |  |  | 1,169 |
Valuation allowance |  |  | 1,201 |  |  |  | 1,127 |
Net deferred tax assets |  | $ | 27 |  |  | $ | 42 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | As of December 31, |
(in millions) |  | 2015 |  |  | 2014 |
Deferred income taxes (current) |  | $ | 22 |  |  | $ | 31 |
Deferred income taxes (non-current) |  |  | 23 |  |  |  | 38 |
Other current liabilities |  |  | — |  |  |  | (1 | )
Other long-term liabilities |  |  | (18 | ) |  |  | (26 | )
Net deferred tax assets |  | $ | 27 |  |  | $ | 42 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | Successor |  |  | Predecessor |
(in millions) |  | Year Ended December 31, 2015 |  |  | Year Ended December 31, 2014 |  |  | Four Months Ended December 31, 2013 |  |  | Eight Months Ended August 31, 2013 |
Balance as of January 1 |  | $ | 92 |  |  | $ | 106 |  |  | $ | 107 |  |  | $ | 57 |
Tax positions related to the current year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions |  |  | 1 |  |  |  | 2 |  |  |  | — |  |  |  | 68 |
Tax Positions related to prior years: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions |  |  | — |  |  |  | 1 |  |  |  | 2 |  |  |  | 1 |
Reductions |  |  | (7 | ) |  |  | (14 | ) |  |  | (3 | ) |  |  | (17 | )
Settlements with taxing jurisdictions |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (2 | )
Lapses in Statute of limitations |  |  | (1 | ) |  |  | (2 | ) |  |  | — |  |  |  | — |
Balance as of December 31 |  | $ | 85 |  |  | $ | 92 |  |  | $ | 106 |  |  | $ | 107 |

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 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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=6907707&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=6907707&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 of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: 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=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration