|
Supplemental Financial Information (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| Revenue Composition |
Revenue
composition
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Goods
|
|
|
4,346 |
|
|
|
4,170 |
|
|
|
4,392 |
|
|
Patents and
licenses
|
|
|
12 |
|
|
|
24 |
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,358 |
|
|
|
4,194 |
|
|
|
4,402 |
|
|
| Depreciation, Amortization and Impairment |
Depreciation, amortization and
impairment
Depreciation
and amortization, including impairment charges, are as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Depreciation of property,
plant and equipment
|
|
|
247 |
|
|
|
290 |
|
|
|
359 |
|
|
Impairment of assets held
for sale
|
|
|
— |
|
|
|
— |
|
|
|
30 |
|
|
Amortization of internal
use software
|
|
|
24 |
|
|
|
10 |
|
|
|
14 |
|
|
Amortization of identified
intangible assets
|
|
|
262 |
|
|
|
291 |
|
|
|
281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
533 |
|
|
|
591 |
|
|
|
684 |
|
|
| Other Income and Expense |
Other income
and expense consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Result on disposal of
property, plant and equipment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- income
|
|
|
1 |
|
|
|
8 |
|
|
|
8 |
|
|
- expense
|
|
|
— |
|
|
|
(18 |
) |
|
|
— |
|
|
Result on disposal of
businesses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- income
|
|
|
19 |
|
|
|
— |
|
|
|
— |
|
|
- expense
|
|
|
— |
|
|
|
— |
|
|
|
(37 |
) |
|
Result on other
items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- income
|
|
|
10 |
|
|
|
17 |
|
|
|
19 |
|
|
- expense
|
|
|
(1 |
) |
|
|
(3 |
) |
|
|
(6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other
income
|
|
|
30 |
|
|
|
25 |
|
|
|
27 |
|
|
Total other
expense
|
|
|
(1 |
) |
|
|
(21 |
) |
|
|
(43 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other income
(expense)
|
|
|
29 |
|
|
|
4 |
|
|
|
(16 |
) |
|
| Financial Income and Expense |
Financial
income and expense
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Interest income
|
|
|
4 |
|
|
|
5 |
|
|
|
2 |
|
|
Interest expense
|
|
|
(270 |
) |
|
|
(312 |
) |
|
|
(320 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest expense,
net
|
|
|
(266 |
) |
|
|
(307 |
) |
|
|
(318 |
) |
|
Net gain (loss) on
extinguishment of debt
|
|
|
(161 |
) |
|
|
(32 |
) |
|
|
57 |
|
|
Sale of securities and
other financial assets
|
|
|
— |
|
|
|
— |
|
|
|
8 |
|
|
Foreign exchange rate
results
|
|
|
28 |
|
|
|
128 |
|
|
|
(331 |
) |
|
Miscellaneous financing
costs/income, net
|
|
|
(38 |
) |
|
|
(46 |
) |
|
|
(44 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other financial
income and expense
|
|
|
(171 |
) |
|
|
50 |
|
|
|
(310 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
(437 |
) |
|
|
(257 |
) |
|
|
(628 |
) |
|
| Earnings Per Share |
Earnings
per share
The computation
of earnings per share (EPS) is presented in the following
table:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Income (loss) from
continuing operations
|
|
|
(53 |
) |
|
|
2 |
|
|
|
(465 |
) |
|
Less: Net income (loss)
attributable to non-controlling interests
|
|
|
63 |
|
|
|
46 |
|
|
|
50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from
continuing operations attributable to stockholders
|
|
|
(116 |
) |
|
|
(44 |
) |
|
|
(515 |
) |
|
Income (loss) from
discontinued operations attributable to stockholders
|
|
|
1 |
|
|
|
434 |
|
|
|
59 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to stockholders
|
|
|
(115 |
) |
|
|
390 |
|
|
|
(456 |
) |
|
Weighted average number of
shares outstanding (after deduction of treasury shares) during the
year (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and
diluted
|
|
|
248,064 |
|
|
|
248,812 |
|
|
|
229,280 |
|
|
Basic and diluted EPS
attributable to stockholders in $: 1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from
continuing operations
|
|
|
(0.46 |
) |
|
|
(0.17 |
) |
|
|
(2.25 |
) |
|
Income (loss) from
discontinued operations
|
|
|
— |
|
|
|
1.74 |
|
|
|
0.26 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
|
(0.46 |
) |
|
|
1.57 |
|
|
|
(1.99 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1) |
In 2012, 32,394,794 securities (2011: 27,789,634 securities;
2010: 24,350,650 securities) that could potentially dilute basic
EPS were not included in the computation of dilutive EPS because
the effect would have been anti-dilutive for the periods
presented.
|
|
| Receivables, Net |
Receivables, net
Accounts
receivable are summarized as follows:
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
Accounts receivable from
third parties
|
|
|
463 |
|
|
|
425 |
|
|
Allowance for doubtful
accounts
|
|
|
(4 |
) |
|
|
(4 |
) |
|
Accounts receivable from
equity-accounted investees (net)
|
|
|
— |
|
|
|
20 |
|
|
Other
receivables
|
|
|
51 |
|
|
|
38 |
|
|
|
|
|
|
|
|
|
|
|
|
|
510 |
|
|
|
479 |
|
|
| Inventories, Net |
Inventories, net
Inventories are
summarized as follows:
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
Raw materials
|
|
|
70 |
|
|
|
69 |
|
|
Work in process
|
|
|
515 |
|
|
|
415 |
|
|
Finished goods
|
|
|
130 |
|
|
|
134 |
|
|
|
|
|
|
|
|
|
|
|
|
|
715 |
|
|
|
618 |
|
| Property, Plant and Equipment, Net |
Property,
plant and equipment, net
The following
table presents details of the Company’s property, plant and
equipment, net of accumulated depreciation:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Useful Life
(in
years) |
|
|
2012 |
|
|
2011 |
|
|
Land
|
|
|
|
|
|
|
59 |
|
|
|
62 |
|
|
Buildings
|
|
|
9 to 50 |
|
|
|
452 |
|
|
|
432 |
|
|
Machinery and
installations
|
|
|
2 to 7 |
|
|
|
1,338 |
|
|
|
1,332 |
|
|
Other Equipment
|
|
|
1 to 5 |
|
|
|
186 |
|
|
|
185 |
|
|
Prepayments and
construction in progress
|
|
|
|
|
|
|
68 |
|
|
|
54 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,103 |
|
|
|
2,065 |
|
|
Less accumulated
depreciation
|
|
|
|
|
|
|
(1,033 |
) |
|
|
(1,002 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and
equipment, net of accumulated depreciation
|
|
|
|
|
|
|
1,070 |
|
|
|
1,063 |
|
| Accrued Liabilities |
Accrued
liabilities
Accrued
liabilities are summarized as follows:
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
Payroll and related
benefits
|
|
|
193 |
|
|
|
143 |
|
|
Pension-related
benefits
|
|
|
21 |
|
|
|
21 |
|
|
Utilities, rent and
other
|
|
|
28 |
|
|
|
17 |
|
|
Income tax payable (refer
to Note 15)
|
|
|
29 |
|
|
|
36 |
|
|
Deferred tax liabilities
(refer to Note 15)
|
|
|
4 |
|
|
|
1 |
|
|
Liability for unrecognized
tax benefits
|
|
|
— |
|
|
|
6 |
|
|
Communication & IT
costs (including accruals related to EDA contracts)
|
|
|
25 |
|
|
|
10 |
|
|
Distribution
costs
|
|
|
9 |
|
|
|
7 |
|
|
Sales-related
costs
|
|
|
12 |
|
|
|
13 |
|
|
Purchase-related
costs
|
|
|
4 |
|
|
|
5 |
|
|
Interest
accruals
|
|
|
25 |
|
|
|
74 |
|
|
Derivative
instruments—liabilities (refer to Note 6)
|
|
|
2 |
|
|
|
3 |
|
|
Other accrued
liabilities
|
|
|
137 |
|
|
|
138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
489 |
|
|
|
474 |
|
| Accumulated Other Comprehensive Income (Loss), Net of Tax |
Accumulated other comprehensive income (loss), net of
tax
Total
comprehensive income (loss) represents net income (loss) plus the
results of certain equity changes not reflected in the Consolidated
Statements of Operations. The after-tax components of accumulated
other comprehensive income (loss) and their corresponding changes
are shown below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Net investment
hedge |
|
|
Currency
translation
differences |
|
|
Net actuarial
gain/(losses) |
|
|
Accumulated Other
Comprehensive
Income (loss) |
|
|
As of December 31,
2009
|
|
|
— |
|
|
|
367 |
|
|
|
32 |
|
|
|
399 |
|
|
2010 other comprehensive
income (loss)
|
|
|
— |
|
|
|
158 |
|
|
|
(19 |
) |
|
|
139 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31,
2010
|
|
|
— |
|
|
|
525 |
|
|
|
13 |
|
|
|
538 |
|
|
2011 other comprehensive
income (loss)
|
|
|
(203 |
) |
|
|
(21 |
) |
|
|
9 |
|
|
|
(215 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31,
2011
|
|
|
(203 |
) |
|
|
504 |
|
|
|
22 |
|
|
|
323 |
|
|
2012 other comprehensive
income (loss)
|
|
|
18 |
|
|
|
10 |
|
|
|
(51 |
) |
|
|
(23 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31,
2012
|
|
|
(185 |
) |
|
|
514 |
|
|
|
(29 |
) |
|
|
300 |
|
|
| Cash Flow Information |
Cash Flow
Information
|
|
|
|
|
|
|
|
|
|
|
|
|
| ($ in millions) |
|
For the years ended December 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Net cash paid during
the period for:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
|
|
|
292 |
|
|
|
301 |
|
|
|
278 |
|
|
Income taxes
|
|
|
28 |
|
|
|
25 |
|
|
|
19 |
|
|
|
|
|
|
Net gain (loss) on
sale of assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from the sale
of assets
|
|
|
31 |
|
|
|
30 |
|
|
|
6 |
|
|
Book value of these
assets
|
|
|
(12 |
) |
|
|
(40 |
) |
|
|
(142 |
) |
|
Non-cash gains
(losses)
|
|
|
1 |
|
|
|
— |
|
|
|
115 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20 |
|
|
|
(10 |
) |
|
|
(21 |
) |
|
Non-cash investing
information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets received in lieu of
cash from the sale of businesses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trident shares
|
|
|
— |
|
|
|
— |
|
|
|
177 |
|
|
Others
|
|
|
3 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
Other
items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other items consist of the
following non-cash elements in income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Value
adjustments/impairment financial assets
|
|
|
— |
|
|
|
— |
|
|
|
(4 |
) |
|
Non-cash interest cost due
to applying effective interest method
|
|
|
22 |
|
|
|
18 |
|
|
|
15 |
|
|
Others
|
|
|
— |
|
|
|
— |
|
|
|
(7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22 |
|
|
|
18 |
|
|
|
4 |
|
|