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Income Taxes (Schedule of Consolidated Deferred Tax Assets and Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Deferred Tax Assets    
Pension and postretirement obligations $ 434 $ 424
Accrued expenses 40 41
Inventory 14 10
Net operating loss 683 468
Tax credit carryforwards 88 100
Other 202 165
Subtotal 1,461 1,208
Valuation allowance [1] (448) (413)
Total 1,013 795
Deferred Tax Liabilities    
Depreciation and amortization 380 416
Investments in affiliates 395 143
Other 114 102
Total 889 661
Net deferred tax assets (liabilities) $ 124 $ 134
[1] Includes deferred tax asset valuation allowances for the Company's deferred tax assets in the US, Luxembourg, Spain, China, Singapore, the United Kingdom, Canada and France. These valuation allowances relate primarily to net operating loss carryforward benefits and other net deferred tax assets, all of which may not be realizable.