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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

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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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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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