Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Schedule of Stockholders Equity

The following summarizes our shareholders’ equity activity for the six months ended June 30, 2016 and 2015:

(Dollars in millions)	Par Value of Issued Shares		Capital in Excess of Par Value		Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Non-controlling Interests			Total Shareholders’ Equity
Balance at December 31, 2014	$	1	$	5,411	$	2,427		$	(881	)	$	75		$	7,033
Net Income (Loss)	—		—		(607		)	—			17			(590		)
Other Comprehensive Loss	—		—		—			(209		)	—			(209		)
Dividends Paid to Noncontrolling Interests	—		—		—			—			(18		)	(18		)
Equity Awards Granted, Vested and Exercised	—		30		—			—			—			30
Other	—		—		—			—			1			1
Balance at June 30, 2015	$	1	$	5,441	$	1,820		$	(1,090	)	$	75		$	6,247
Balance at December 31, 2015	$	1	$	5,502	$	442		$	(1,641	)	$	61		$	4,365
Net Income (Loss)	—		—		(1,063		)	—			10			(1,053		)
Other Comprehensive Income	—		—		—			134			—			134
Dividends Paid to Noncontrolling Interests	—		—		—			—			(7		)	(7		)
Issuance of Common Shares	—		623		—			—			—			623
Issuance of Exchangeable Notes	—		97		—			—			—			97
Equity Awards Granted, Vested and Exercised	—		28		—			—			—			28
Other	—		—		—			—			—			—
Balance at June 30, 2016	$	1	$	6,250	$	(621	)	$	(1,507	)	$	64		$	4,187

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in our accumulated other comprehensive loss by component for the six months of 2016 and 2015:

(Dollars in millions)	Currency Translation Adjustment			Defined Benefit Pension			Deferred Loss on Derivatives			Total
Balance at December 31, 2014	$	(813	)	$	(57	)	$	(11	)	$	(881	)
Other Comprehensive Income (Loss) before Reclassifications	(230		)	20			—			(210		)
Reclassifications	—			1			—			1
Net activity	(230		)	21			—			(209		)
Balance at June 30, 2015	$	(1,043	)	$	(36	)	$	(11	)	$	(1,090	)
Balance at December 31, 2015	$	(1,602	)	$	(29	)	$	(10	)	$	(1,641	)
Other Comprehensive Income before Reclassifications	132			1			—			133
Reclassifications	—			—			1			1
Net activity	132			1			1			134
Balance at June 30, 2016	$	(1,470	)	$	(28	)	$	(9	)	$	(1,507	)