Note 8 - Equity

6 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 8 - Equity

Our OCI (loss) amounts are aggregated within our accumulated other comprehensive loss on our unaudited Condensed Consolidated Statements of Financial Position. The following table provides changes in the components of our accumulated other comprehensive loss balances, net of the related income tax effects.

	2015									2014
In millions (1)	Cash flow hedges			Retirement benefit plans			Total			Cash flow hedges			Retirement benefit plans			Total
For the three months ended June 30
As of beginning of period	$	(4	)	$	(197	)	$	(201	)	$	1		$	(136	)	$	(135	)
OCI, before reclassifications		25			-			25			-			-			-
Amounts reclassified from accumulated OCI		3			4			7			(1	)		3			2
Net current-period other comprehensive income (loss)		28			4			32			(1	)		3			2
As of end of period	$	24		$	(193	)	$	(169	)	$	-		$	(133	)	$	(133	)

For the six months ended June 30
As of beginning of period	$	(6	)	$	(200	)	$	(206	)	$	1		$	(137	)	$	(136	)
OCI, before reclassifications		27			-			27			4			-			4
Amounts reclassified from accumulated OCI		3			7			10			(5	)		4			(1	)
Net current-period other comprehensive income (loss)		30			7			37			(1	)		4			3
As of end of period	$	24		$	(193	)	$	(169	)	$	-		$	(133	)	$	(133	)

(1) All amounts are net of income taxes and noncontrolling interest. Amounts in parentheses indicate debits to accumulated other comprehensive loss.

The following table provides details of the reclassifications out of accumulated other comprehensive loss and the ultimate favorable (unfavorable) impact on net income for the periods presented.

	Three months ended June 30,						Six months ended June 30,
In millions (1)	2015			2014			2015			2014
Cash flow hedges
Cost of goods sold (natural gas contracts)	$	(3	)	$	2		$	(4	)	$	5
Operation and maintenance expense (natural gas contracts)		(1	)		-			(1	)		1
Interest expense (interest rate contracts)		-			-			1			-
Total before income tax		(4	)		2			(4	)		6
Income tax benefit		-			(1	)		-			(1	)
Cash flow hedges, net of income tax		(4	)		1			(4	)		5
Less noncontrolling Interest		(1	)		-			(1	)		-
Total cash flow hedges, net of income tax		(3	)		1			(3	)		5
Retirement benefit plans
Operation and maintenance expense (actuarial losses) (2)		(6	)		(6	)		(11	)		(8	)
Operation and maintenance expense (prior service credits) (2)		-			1			-			1
Total before income tax		(6	)		(5	)		(11	)		(7	)
Income tax benefit		2			2			4			3
Total retirement benefit plans		(4	)		(3	)		(7	)		(4	)
Total reclassification for the period	$	(7	)	$	(2	)	$	(10	)	$	1

(1) Amounts in parentheses indicate debits, or reductions, to our net income and credits to accumulated other comprehensive loss. Except for retirement benefit plan amounts, the net income impacts are immediate.

(2) Amortization of these accumulated other comprehensive loss components is included in the computation of net periodic benefit cost. See Note 6 for additional details about net periodic benefit cost.