XML 59 R38.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Provision for Income Taxes Provision for Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Current and Deferred Income Tax Expense |
| 2015 | 2014 | 2013
Current tax expense on continuing operations: |  |  |  |  |  |
U.S. federal | $ | 218 |  | $ | 656 |  | $ | 32 |
U.S. state and local | 7 |  | 38 |  | (7 | )
International | 466 |  | 449 |  | 598 |
Total current tax expense on continuing operations | 691 |  | 1,143 |  | 623 |
Deferred tax expense (benefit) on continuing operations: |  |  |  |  |  |
U.S. federal | 139 |  | 91 |  | (205 | )
U.S. state and local | 4 |  | (42 | ) | (65 | )
International | (138 | ) | (24 | ) | 7 |
Total deferred tax expense (benefit) on continuing operations | 5 |  | 25 |  | (263 | )
Provision for income taxes on continuing operations | $ | 696 |  | $ | 1,168 |  | $ | 360 |
Schedule of Significant Components of Deferred Tax Assets and Liabilities |
| 2015 | 2014
| Asset | Liability | Asset | Liability
Depreciation | $ | — |  | $ | 953 |  | $ | — |  | $ | 1,003 |
Accrued employee benefits | 4,812 |  | 374 |  | 5,376 |  | 746 |
Other accrued expenses | 563 |  | — |  | 555 |  | — |
Inventories | 125 |  | 99 |  | 151 |  | 137 |
Unrealized exchange gains/losses | — |  | 224 |  | — |  | 173 |
Tax loss/tax credit carryforwards/backs | 2,124 |  | — |  | 2,409 |  | — |
Investment in subsidiaries and affiliates | 133 |  | 154 |  | 151 |  | 195 |
Amortization of intangibles | 187 |  | 1,331 |  | 154 |  | 1,353 |
Other | 215 |  | 77 |  | 258 |  | 110 |
Valuation allowance | (1,529 | ) | — |  | (1,704 | ) | — |
| $ | 6,630 |  | $ | 3,212 |  | $ | 7,350 |  | $ | 3,717 |
Net deferred tax asset | $ | 3,418 |  |  |  | $ | 3,633 |  |  |
Analysis of Company's Effective Income Tax Rate |
| 2015 | 2014 | 2013
Statutory U.S. federal income tax rate | 35.0 | % | 35.0 | % | 35.0 | %
Exchange gains/losses 1 | 8.0 |  | 8.1 |  | 1.0 |
Domestic operations | (2.8 | ) | (2.8 | ) | (4.1 | )
Lower effective tax rates on international operations-net 2 | (11.1 | ) | (11.4 | ) | (14.7 | )
Tax settlements | (0.7 | ) | (0.6 | ) | (0.3 | )
Sale of a business | (0.2 | ) | (0.4 | ) | — |
U.S. research & development credit 2 | (1.3 | ) | (0.8 | ) | (2.9 | )
| 26.9 | % | 27.1 | % | 14.0 | %
1. | Principally reflects the impact of foreign exchange losses on net monetary assets for which no corresponding tax benefit is realized. Further information about the company's foreign currency hedging program is included in Note 5 and Note 20 under the heading Foreign Currency Risk.
2. | On January 2, 2013, U.S. tax law was enacted which extended through 2013 (and retroactive to 2012) several expired or expiring temporary business tax provisions. In accordance with GAAP, this extension was taken into account in the quarter in which the legislation was enacted (i.e. first quarter 2013).
Consolidated Income Before Income Taxes for U.S. and International Operations |
| 2015 | 2014 | 2013
U.S. (including exports) | $ | 1,397 |  | $ | 2,537 |  | $ | 504 |
International | 1,194 |  | 1,776 |  | 2,062 |
Income from continuing operations before income taxes | $ | 2,591 |  | $ | 4,313 |  | $ | 2,566 |
Reconciliation of the Beginning and Ending Amounts of Unrecognized Tax Benefits |
| 2015 | 2014 | 2013
Total unrecognized tax benefits as of January 1 | $ | 986 |  | $ | 901 |  | $ | 805 |
Gross amounts of decreases in unrecognized tax benefits as a result of tax positions taken during the prior period | (98 | ) | (50 | ) | (28 | )
Gross amounts of increases in unrecognized tax benefits as a result of tax positions taken during the prior period | 13 |  | 84 |  | 76 |
Gross amounts of increases in unrecognized tax benefits as a result of tax positions taken during the current period | 69 |  | 92 |  | 92 |
Amount of decreases in the unrecognized tax benefits relating to settlements with taxing authorities | (58 | ) | (15 | ) | (19 | )
Reduction to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations | (30 | ) | (3 | ) | (6 | )
Exchange gain | (36 | ) | (23 | ) | (19 | )
Total unrecognized tax benefits as of December 31 | $ | 846 |  | $ | 986 |  | $ | 901 |
Total unrecognized tax benefits that, if recognized, would impact the effective tax rate | $ | 651 |  | $ | 818 |  | $ | 778 |
Total amount of interest and penalties recognized in the Consolidated Income Statements | $ | 5 |  | $ | 5 |  | $ | 16 |
Total amount of interest and penalties recognized in the Consolidated Balance Sheets | $ | 100 |  | $ | 117 |  | $ | 122 |

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 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration