XML 57 R19.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Long-Term Investments | 12 Months Ended
--- | ---
Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract] |
Long-Term Investments |
| 11. | LONG-TERM INVESTMENTS
|  | December 31, 2017 |  |  | December 31, 2016 |
Equity-method investments |  |  | 45 |  |  |  | 45 |
Cost-method investments |  |  | 12 |  |  |  | 12 |
Total |  |  | 57 |  |  |  | 57 |
Equity-method investments Equity-method investments as at December 31, 2017 and December 31, 2016 were as follows:
|  | December 31, 2017 |  |  | December 31, 2016 |
| Carrying value |  |  | Ownership percentage |  |  | Carrying value |  |  | Ownership percentage |
ST-Ericsson SA, in liquidation |  |  | 45 |  |  |  | 50.0 | % |  |  | 45 |  |  |  | 50.0 | %
Total |  |  | 45 |  |  |  |  |  |  |  | 45 |  |  |  |  |
ST-Ericsson SA, in liquidation On February 3, 2009, the Company announced the closing of a transaction to combine the businesses of Ericsson Mobile Platforms and ST-NXP Wireless into a new venture, named ST-Ericsson. As part of the transaction, the Company received an interest in ST-Ericsson Holding AG in which the Company owned 50% plus a controlling share. In 2010, ST-Ericsson Holding AG was merged in ST-Ericsson SA. The Company evaluated that ST-Ericsson SA was a variable interest entity (VIE). The Company determined that it controlled ST-Ericsson SA and therefore consolidated ST-Ericsson SA. On September 9, 2013, the Company sold 1 ST-Ericsson SA share to Ericsson for its nominal value changing the ownership structure of ST-Ericsson SA to bring both partners to an equal ownership proportion. As a result and in combination with the new shareholder agreement, the Company lost the control of ST-Ericsson SA and as such ST-Ericsson SA was deconsolidated from the Company’s consolidated financial statements. The deconsolidation of ST-Ericsson SA did not result in a gain or loss for the Company. The fair value of the Company’s retained noncontrolling interest was evaluated at $55 million. In addition, the Company and its partner signed funding commitment letters, capped at $149 million for each partner, to the residual joint wind-down operations to ensure solvency. These were not drawn as of December 31, 2017. Before the deconsolidation of ST-Ericsson SA, certain assets and companies of the ST-Ericsson SA group of companies were transferred to both partners for their net book value which was representative of their fair value. The transactions did not result in cash exchange between the partners. ST-Ericsson SA entered into liquidation on April 15, 2014. For the years 2017, 2016 and 2015, the line “Income (loss) on equity-method investments” in the Company’s consolidated statement of income included a profit of less than $1 million, $1 million and $1 million, respectively, in relation with ST-Ericsson SA. Cost-method investments Cost-method investments as at December 31, 2017 and 2016 are equity securities with no readily determinable fair value. It includes principally the Company’s investment in DNP Photomask Europe S.p.A (“DNP”). The Company has identified the joint venture as a VIE, but has determined that it is not the primary beneficiary. The significant activities of DNP revolve around the creation of masks and development of high level mask technology. The Company does not have the power to direct such activities. The Company’s current maximum exposure to loss as a result of its involvement with the joint venture is limited to its investment. The Company has not provided additional financial support in years 2017 and 2016 and currently has no requirement or intent to provide further financial support to the joint venture.

X
- Definition The entire disclosure for cost method and equity method investments included basis, impairment losses, recognized or unrecognized gains (losses). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2197087 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_CostAndEquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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