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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2013
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity Share Repurchase Program In December 2012, the company's Board of Directors authorized a $1,000 share buyback plan. In February 2013, the company entered into an accelerated share repurchase (ASR) agreement with a financial institution under which the company used $1,000 of the proceeds from the sale of Performance Coatings for the purchase of shares of common stock. The 2012 $1,000 share buyback plan was completed in the second quarter 2013 through the ASR agreement, under which the company purchased and retired 20.4 million shares. During the nine months ended September 30, 2012, the company paid $400 for the purchase and receipt of shares of common stock. During 2012, the company purchased and retired 7.8 million shares in connection with this agreement. These purchases completed the 2001 $2,000 share buyback plan and began purchases under the 2011 $2,000 share buyback plan authorized by the company's Board of Directors in April 2011. Under the completed 2001 plan, the company purchased a total of 42.0 million shares. Under the 2011 plan, the company has purchased 5.5 million shares at a total cost of $284 as of September 30, 2013. There is no required completion date for the purchases under the 2011 plan. Noncontrolling Interest In May 2012, the company completed the acquisition of the remaining 28 percent interest in the Solae, LLC joint venture from Bunge Limited for $447. As the purchase of the remaining interest did not result in a change of control, the difference between the carrying value of the noncontrolling interest of $378 and the consideration paid, net of taxes of $78, was recorded as a $9 increase to additional paid-in capital. Other Comprehensive Income A summary of the changes in other comprehensive income for the three and nine months ended September 30, 2013 and 2012 is provided as follows:
| Three Months Ended | Three Months Ended | Affected Line Item in Consolidated Income Statements 1
| September 30, 2013 | September 30, 2012
| Pre-Tax | Tax | After-Tax | Pre-Tax | Tax | After-Tax |
Cumulative translation adjustment | $ | 177 |  | $ | — |  | $ | 177 |  | $ | 189 |  | $ | — |  | $ | 189 |  |
Net revaluation and clearance of cash flow hedges to earnings: |  |  |  |  |  |  |
Additions and revaluations of derivatives designated as cash flow hedges | (15 | ) | 6 |  | (9 | ) | (6 | ) | 1 |  | (5 | ) | See (2) below
Clearance of hedge results to earnings: |  |  |  |  |  |  |
Foreign currency contracts | 1 |  | — |  | 1 |  | (9 | ) | 5 |  | (4 | ) | Net sales
Commodity contracts | — |  | — |  | — |  | (2 | ) | — |  | (2 | ) | Cost of goods sold
Net revaluation and clearance of cash flow hedges to earnings | (14 | ) | 6 |  | (8 | ) | (17 | ) | 6 |  | (11 | ) |
Pension benefit plans: |  |  |  |  |  |  |
Net loss | (4 | ) | — |  | (4 | ) | (609 | ) | 185 |  | (424 | ) | See (2) below
Prior service benefit | 62 |  | (22 | ) | 40 |  | — |  | — |  | — |  | See (2) below
Reclassifications to net income: |  |  |  |  |  |  |
Amortization of prior service cost | 2 |  | — |  | 2 |  | 3 |  | (1 | ) | 2 |  | See (3) below
Amortization of loss | 244 |  | (83 | ) | 161 |  | 222 |  | (75 | ) | 147 |  | See (3) below
Curtailment loss | — |  | — |  | — |  | 2 |  | (1 | ) | 1 |  | See (3) below
Pension benefit plans, net | 304 |  | (105 | ) | 199 |  | (382 | ) | 108 |  | (274 | ) |
Other benefit plans: |  |  |  |  |  |  |
Net gain (loss) | 95 |  | (34 | ) | 61 |  | (141 | ) | 51 |  | (90 | ) | See (2) below
Prior service benefit | 199 |  | (69 | ) | 130 |  | 857 |  | (299 | ) | 558 |  | See (2) below
Reclassifications to net income: |  |  |  |  |  |  |
Amortization of prior service benefit | (48 | ) | 16 |  | (32 | ) | (44 | ) | 16 |  | (28 | ) | See (3) below
Amortization of loss | 26 |  | (9 | ) | 17 |  | 24 |  | (9 | ) | 15 |  | See (3) below
Curtailment loss | — |  | — |  | — |  | 3 |  | (1 | ) | 2 |  | See (3) below
Other benefit plans, net | 272 |  | (96 | ) | 176 |  | 699 |  | (242 | ) | 457 |  |
Net unrealized loss on securities | — |  | — |  | — |  | (5 | ) | 2 |  | (3 | ) |
Other comprehensive income | $ | 739 |  | $ | (195 | ) | $ | 544 |  | $ | 484 |  | $ | (126 | ) | $ | 358 |  |
| Nine Months Ended | Nine Months Ended | Affected Line Item in Consolidated Income Statements 1
| September 30, 2013 | September 30, 2012
| Pre-Tax | Tax | After-Tax | Pre-Tax | Tax | After-Tax |
Cumulative translation adjustment | $ | (46 | ) | $ | — |  | $ | (46 | ) | $ | (53 | ) | $ | — |  | $ | (53 | ) |
Net revaluation and clearance of cash flow hedges to earnings: |  |  |  |  |  |  |
Additions and revaluations of derivatives designated as cash flow hedges | (39 | ) | 15 |  | (24 | ) | 30 |  | (14 | ) | 16 |  | See (2) below
Clearance of hedge results to earnings: |  |  |  |  |  |  |
Foreign currency contracts | (2 | ) | 1 |  | (1 | ) | (20 | ) | 7 |  | (13 | ) | Net sales
Commodity contracts | (25 | ) | 10 |  | (15 | ) | (46 | ) | 21 |  | (25 | ) | Cost of goods sold
Net revaluation and clearance of cash flow hedges to earnings | (66 | ) | 26 |  | (40 | ) | (36 | ) | 14 |  | (22 | ) |
Pension benefit plans: |  |  |  |  |  |  |
Net gain (loss) | 52 |  | (14 | ) | 38 |  | (628 | ) | 195 |  | (433 | ) | See (2) below
Prior service benefit | 62 |  | (22 | ) | 40 |  | 22 |  | (8 | ) | 14 |  | See (2) below
Reclassifications to net income: |  |  |  |  |  |  |
Amortization of prior service cost | 8 |  | (2 | ) | 6 |  | 10 |  | (3 | ) | 7 |  | See (3) below
Amortization of loss | 724 |  | (247 | ) | 477 |  | 661 |  | (227 | ) | 434 |  | See (3) below
Curtailment loss | 1 |  | — |  | 1 |  | 2 |  | (1 | ) | 1 |  | See (3) below
Settlement loss | 152 |  | (45 | ) | 107 |  | — |  | — |  | — |  | See (3) below
Pension benefit plans, net | 999 |  | (330 | ) | 669 |  | 67 |  | (44 | ) | 23 |  |
Other benefit plans: |  |  |  |  |  |  |
Net gain (loss) | 140 |  | (49 | ) | 91 |  | (141 | ) | 51 |  | (90 | ) | See (2) below
Prior service benefit | 199 |  | (69 | ) | 130 |  | 857 |  | (299 | ) | 558 |  | See (2) below
Reclassifications to net income: |  |  |  |  |  |  |
Amortization of prior service benefit | (142 | ) | 50 |  | (92 | ) | (104 | ) | 36 |  | (68 | ) | See (3) below
Amortization of loss | 51 |  | (18 | ) | 33 |  | 68 |  | (24 | ) | 44 |  | See (3) below
Curtailment (gain) loss | (154 | ) | 54 |  | (100 | ) | 3 |  | (1 | ) | 2 |  | See (3) below
Settlement loss | 1 |  | — |  | 1 |  | — |  | — |  | — |  | See (3) below
Other benefit plans, net | 95 |  | (32 | ) | 63 |  | 683 |  | (237 | ) | 446 |  |
Net unrealized gain (loss) on securities | 1 |  | (1 | ) | — |  | (3 | ) | 1 |  | (2 | ) |
Other comprehensive income | $ | 983 |  | $ | (337 | ) | $ | 646 |  | $ | 658 |  | $ | (266 | ) | $ | 392 |  |
1 | Represents the income statement line item within the interim Consolidated Income Statement affected by the pre-tax reclassification out of other comprehensive income (loss).
2 | These amounts represent changes in accumulated other comprehensive income excluding changes due to reclassifying amounts to the interim Consolidated Income Statements.
3 | These accumulated other comprehensive income components are included in the computation of net periodic benefit cost of the company's pension and other long-term employee benefit plans. See Note 12 for additional information.
The changes and after-tax balances of components comprising accumulated other comprehensive income (loss) are summarized below:
| Cumulative Translation Adjustment | Net Revaluation and Clearance of Cash Flow Hedges to Earnings | Pension Benefit Plans | Other Benefit Plans | Unrealized Gain on Securities | Total
2013 |  |  |  |  |  |  |  |  |  |  |  |
Balance January 1, 2013 | $ | (167 | ) | $ | 3 |  | $ | (8,686 | ) | $ | 202 |  | $ | 2 |  | $ | (8,646 | )
Other comprehensive (loss) income before reclassifications | (46 | ) | (24 | ) | 78 |  | 221 |  | — |  | 229 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  | (16 | ) | 591 |  | (158 | ) | — |  | 417 |
Balance September 30, 2013 | $ | (213 | ) | $ | (37 | ) | $ | (8,017 | ) | $ | 265 |  | $ | 2 |  | $ | (8,000 | )
| Cumulative Translation Adjustment | Net Revaluation and Clearance of Cash Flow Hedges to Earnings | Pension Benefit Plans | Other Benefit Plans | Unrealized Gain on Securities | Total
2012 |  |  |  |  |  |  |  |  |  |  |  |
Balance January 1, 2012 | $ | (244 | ) | $ | 41 |  | $ | (8,276 | ) | $ | (274 | ) | $ | 3 |  | $ | (8,750 | )
Other comprehensive (loss) income before reclassifications | (53 | ) | 15 |  | (444 | ) | 467 |  | (2 | ) | (17 | )
Amounts reclassified from accumulated other comprehensive income (loss) | — |  | (38 | ) | 442 |  | (22 | ) | — |  | 382 |
Balance September 30, 2012 | $ | (297 | ) | $ | 18 |  | $ | (8,278 | ) | $ | 171 |  | $ | 1 |  | $ | (8,385 | )

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 9: 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.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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