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Income Taxes (Schedule of Consolidated Deferred Tax Assets and Liabilities) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Tax Disclosure [Abstract]    
Defined Contribution Plan, Employer Discretionary Contribution Amount $ 316  
Deferred Tax Assets    
Pension and postretirement obligations [1] 143 $ 313
Accrued expenses 50 61
Inventory 10 11
Net operating loss 703 661
Tax credit carryforwards [2] 478 136
Other 192 161
Subtotal 1,576 1,343
Valuation allowance [3] (618) (386)
Total 958 957
Deferred Tax Liabilities    
Depreciation and amortization 307 366
Investments in affiliates 427 475
Other 69 87
Total 803 928
Net deferred tax assets (liabilities) $ 155 $ 29
[1] For the year ended December 31, 2017, the pension and postretirement obligations decreased primarily due to $316 million in employer contributions made to the US defined benefit plans (Note 15).
[2] For the year ended December 31, 2017, the tax credit carryforwards increased primarily due to internal reorganization transactions made in preparation for the proposed acetate tow joint venture with Blackstone discussed herein and Note 4.
[3] 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. For the year ended December 31, 2017, the valuation allowance increased primarily due to the impact of the TCJA on excess foreign tax credits.