Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Schedule of Stockholders Equity

The following summarizes our shareholders’ equity activity for the nine months ended September 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)	—		—		(777		)	—			26			(751		)
Other Comprehensive Loss	—		—		—			(566		)	—			(566		)
Dividends Paid to Noncontrolling Interests	—		—		—			—			(31		)	(31		)
Equity Awards Granted, Vested and Exercised	—		69		—			—			—			69
Other	—		—		—			—			—			—
Balance at September 30, 2015	$	1	$	5,480	$	1,650		$	(1,447	)	$	70		$	5,754
Balance at December 31, 2015	$	1	$	5,502	$	442		$	(1,641	)	$	61		$	4,365
Net Income (Loss)	—		—		(2,843		)	—			14			(2,829		)
Other Comprehensive Income	—		—		—			92			—			92
Dividends Paid to Noncontrolling Interests	—		—		—			—			(15		)	(15		)
Issuance of Common Shares	—		623		—			—			—			623
Issuance of Exchangeable Notes	—		97		—			—			—			97
Equity Awards Granted, Vested and Exercised	—		51		—			—			—			51
Other	—		—		—			—			(1		)	(1		)
Balance at September 30, 2016	$	1	$	6,273	$	(2,401	)	$	(1,549	)	$	59		$	2,383

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in our accumulated other comprehensive loss by component for the nine 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	(589		)	20			—			(569		)
Reclassifications	—			2			1			3
Net activity	(589		)	22			1			(566		)
Balance at September 30, 2015	$	(1,402	)	$	(35	)	$	(10	)	$	(1,447	)
Balance at December 31, 2015	$	(1,602	)	$	(29	)	$	(10	)	$	(1,641	)
Other Comprehensive Income before Reclassifications	90			1			—			91
Reclassifications	—			—			1			1
Net activity	90			1			1			92
Balance at September 30, 2016	$	(1,512	)	$	(28	)	$	(9	)	$	(1,549	)