Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

Schedule of Stockholders Equity

The following summarizes our shareholders’ equity activity for the first nine months of 2017 and 2016:

(Dollars in millions)	Par Value of Issued Shares		Capital in Excess of Par Value		Retained Earnings (Deficit)			Accumulated Other Comprehensive Income (Loss)			Non-controlling Interests			Total Shareholders’ Equity
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
Balance at December 31, 2016	$	1	$	6,571	$	(2,950	)	$	(1,610	)	$	56		$	2,068
Net Income (Loss)	—		—		(875		)	—			16			(859		)
Other Comprehensive Income	—		—		—			121			—			121
Dividends Paid to Noncontrolling Interests	—		—		—			—			(16		)	(16		)
Equity Awards Granted, Vested and Exercised	—		70		—			—			—			70
Balance at September 30, 2017	$	1	$	6,641	$	(3,825	)	$	(1,489	)	$	56		$	1,384

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in our accumulated other comprehensive loss by component for the first nine months of 2017 and 2016:

(Dollars in millions)	Currency Translation Adjustment			Defined Benefit Pension			Deferred Loss on Derivatives			Total
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	)
Balance at December 31, 2016	$	(1,614	)	$	13		$	(9	)	$	(1,610	)
Other Comprehensive Income before Reclassifications	165			—			—			165
Reclassifications	—			(44		)	—			(44		)
Net activity	165			(44		)	—			121
Balance at September 30, 2017	$	(1,449	)	$	(31	)	$	(9	)	$	(1,489	)