XML 96 R76.htm IDEA: XBRL DOCUMENT v3.6.0.2
Income Taxes (Details)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2016
USD ($)
Dec. 31, 2016
USD ($)
country_and_territory
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Components of income before income taxes [Abstract]        
United States   $ 1,191 $ 1,118 $ 1,094
International   2,547 1,645 2,439
Total Income before income taxes   3,738 2,763 3,533
Provision for income taxes [Abstract]        
United States   395 376 348
International   757 839 846
Total Provision for income taxes   1,152 1,215 1,194
Income tax provision reconciliation [Abstract]        
Goodwill and intangible assets   18 3 (40)
Property, plant and equipment   (3) (25) (13)
Pension and other retiree benefits   0 36 19
Stock-based compensation   15 11 11
Tax loss and tax credit carryforwards   5 (4) 5
Other, net   (106) 98 (19)
Total deferred tax benefit (provision)   $ (71) $ 119 $ (37)
Effective Tax Rate Reconciliation [Abstract]        
Tax at United States statutory rate   35.00% 35.00% 35.00%
State income taxes, net of federal benefit   0.50% 1.00% 0.70%
Earnings taxed at other than United States statutory rate   (2.70%) (3.60%) (2.30%)
(Benefit) charge for previously disclosed tax matters   (0.80%) 0.50% 1.90%
(Benefit) on Venezuela remeasurement   (5.60%) 0.00% 0.00%
Tax charge on incremental repatriation of foreign earnings   5.60% 0.00% 0.00%
Venezuela accounting change   0.00% 12.80% 0.00%
Other, net   (1.20%) (1.70%) (1.50%)
Effective tax rate   30.80% 44.00% 33.80%
Deferred tax liabilities:        
Goodwill and intangible assets   $ (451) $ (458)  
Property, plant and equipment   (380) (380)  
Other   (202) (150)  
Deferred tax liabilities, total   (1,033) (988)  
Deferred tax assets:        
Pension and other retiree benefits   599 541  
Tax loss and tax credit carryforwards   34 30  
Accrued liabilities   246 235  
Stock-based compensation   127 123  
Other   82 151  
Deferred tax assets, total   1,088 1,080  
Net deferred income taxes   55 92  
Deferred taxes included within:        
Other current assets (1)   0 258  
Deferred tax assets, noncurrent   301 67 [1]  
Deferred tax liabilities, noncurrent   (246) (233) [1]  
Net deferred income taxes   55 92  
Undistributed earnings of foreign subsidiaries   $ 3,400    
Minimum number of countries and territories serving consumers (more than) (in countries and territories) | country_and_territory   200    
Income tax expense (benefit) allocated directly to equity   $ (85) 78 $ (251)
Unrecognized tax benefits:        
Balance, January 1 $ 186 186 218 199
Increases as a result of tax positions taken during the current year   9 20 23
Decreases of tax positions taken during prior years   (45) (25) (11)
Increases of tax positions taken during prior years   71 61 32
Decreases as a result of settlements with taxing authorities and the expiration of statutes of limitations   (18) (79) (10)
Effect of foreign currency rate movements   (2) (9) (15)
Balance, December 31   201 186 218
Unrecognized tax benefits that would impact effective tax rate   180    
Cash outflow from unrecognized tax benefit that would impact effective tax rate   175    
Interest (income) expense recognized related to unrecognized tax benefits   2 2 4
Accrued interest related to unrecognized tax benefits   $ 17 $ 16 $ 24
Minimum        
Income Taxes [Line Items]        
Statue of limitations on foreign jurisdictions for tax audits   3 years    
Maximum        
Income Taxes [Line Items]        
Statue of limitations on foreign jurisdictions for tax audits   6 years    
CP Venezuela        
Income Taxes [Line Items]        
Income Tax Benefit, Principally Related to Changes in Venezuela Foreign Currency Regime 210      
Foreign earnings repatriated   $ 1,500    
Tax Charge Resulting from Repatriation of Earnings of Foreign Subsidiaries $ 210      
[1] Prior year amounts have been reclassified to conform to the current year presentation of debt issuance costs required by Accounting Standards Update (“ASU”) No. 2015-03 “Simplifying the Presentation of Debt Issuance Costs.” See Note 2, Summary of Significant Accounting Policies to the Consolidated Financial Statements for additional information.