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Income Taxes (Schedule of Consolidated Deferred Tax Assets and Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Deferred Tax Assets    
Pension and postretirement obligations $ 313 $ 434
Accrued expenses 61 40
Inventory 11 14
Net operating loss 661 683
Tax credit carryforwards 136 88
Other 161 202
Subtotal 1,343 1,461
Valuation allowance [1] (386) (448)
Total 957 1,013
Deferred Tax Liabilities    
Depreciation and amortization [2] 366 380
Investments in affiliates [2] 475 395
Other [2] 87 114
Total 928 889
Net deferred tax assets (liabilities) $ 29 $ 124
[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.
[2] Includes deferred tax liabilities from the acquisition of SOFTER (Note 4).