XML 18 R55.htm IDEA: XBRL DOCUMENT v3.3.0.814
Stockholders' Equity (Schedule of Other Comprehensive Income) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Components of Other Comprehensive Income (Loss) [Line Items]        
Cumulative translation adjustment, pre-tax $ (125) $ (428) $ (1,405) [1] $ (559) [1]
Cumulative translation adjustment, tax 0 0 0 0
Cumulative translation adjustment, after-tax (125) (428) (1,405) [1] (559) [1]
Additions and revaluations of derivatives designated as cash flow hedges, pre-tax [2] (22) (3) (36) 23
Additions and revaluations of derivatives designated as cash flow hedges, tax 9 2 12 (8)
Additions and revaluations of derivatives designated as cash flow hedges, after-tax (13) (1) (24) 15
Clearance of hedge results to earnings, pre-tax 0 (2) 12 29
Net revaluation and clearance of cash flow hedges to earnings, pre-tax (22) (5) (24) 52
Net revaluation and clearance of cash flow hedges to earnings, tax 9 3 7 (19)
Net revaluation and clearance of cash flow hedges to earnings, after-tax (13) (2) (17) 33
Other comprehensive income (loss), before tax 380 (307) (511) (255)
Income tax expense related to items of other comprehensive income (176) (28) (312) (92)
Other comprehensive income (loss), net of tax 204 (335) (823) (347)
Net sales [Member] | Foreign Currency Contract [Member]        
Components of Other Comprehensive Income (Loss) [Line Items]        
Clearance of hedge results to earnings, pre-tax 0 (2) (10) 0
Clearance of hedge results to earnings, tax 0 1 4 0
Clearance of hedge results to earnings, after-tax 0 (1) (6) 0
Cost of goods sold [Member] | Commodity Contract [Member]        
Components of Other Comprehensive Income (Loss) [Line Items]        
Clearance of hedge results to earnings, pre-tax     22 29
Clearance of hedge results to earnings, tax     (9) (11)
Clearance of hedge results to earnings, after-tax     13 18
Pension Plans [Member]        
Components of Other Comprehensive Income (Loss) [Line Items]        
Net gain (loss), pre-tax [2] 634 [3] (5) 628 [3] (107)
Net gain (loss), tax (228) 1 (226) 34
Net gain (loss), after-tax 406 (4) 402 (73)
Prior service benefit (cost) [2] 0 (1) 0 (1)
Prior service benefit (cost), tax 0 0 0 0
Prior service benefit (cost), after tax 0 (1) 0 (1)
Effect of foreign exchange rates, pre-tax [2] 54 0 92 0
Effect of foreign exchange rates, tax (16) 0 (25) 0
Effect of foreign exchange rates, after-tax 38 0 67 0
Amortization of prior service (benefit) cost, pre-tax [4] (3) 1 (6) 2
Amortization of prior service (benefit) cost, tax 1 0 2 0
Amortization of prior service (benefit) cost, after tax (2) 1 (4) 2
Amortization of loss, pre-tax [4] 172 151 591 450
Amortization of loss, tax (61) (52) (210) (155)
Amortization of loss, after tax 111 99 381 295
Curtailment (gain) loss, pre-tax [4] (7) 0 (7) 4
Curtailment (gain) loss, tax 3 0 3 (1)
Curtailment (gain) loss, after-tax (4) 0 (4) 3
Settlement loss, pre-tax [4] 44 2 53 4
Settlement loss, tax (16) (1) (19) (1)
Settlement loss, after tax 28 1 34 3
Benefit plans, net, pre-tax 894 148 1,351 352
Benefit plans, net, tax (317) (52) (475) (123)
Benefit plans, net, after-tax 577 96 876 229
Other Long-Term Employee Benefit Plans [Member]        
Components of Other Comprehensive Income (Loss) [Line Items]        
Net gain (loss), pre-tax [2] (73) [3] (33) (73) [3] (33)
Net gain (loss), tax 27 10 27 10
Net gain (loss), after-tax (46) (23) (46) (23)
Prior service benefit (cost) [2] 0 50 0 50
Prior service benefit (cost), tax 0 (1) 0 (1)
Prior service benefit (cost), after tax 0 49 0 49
Effect of foreign exchange rates, pre-tax [2] (1) 0 (1) 0
Effect of foreign exchange rates, tax 1 0 1 0
Effect of foreign exchange rates, after-tax 0 0 0 0
Amortization of prior service (benefit) cost, pre-tax [4] (39) (54) (143) (160)
Amortization of prior service (benefit) cost, tax 13 18 50 56
Amortization of prior service (benefit) cost, after tax (26) (36) (93) (104)
Amortization of loss, pre-tax [4] 20 15 58 43
Amortization of loss, tax (7) (6) (20) (15)
Amortization of loss, after tax 13 9 38 28
Curtailment (gain) loss, pre-tax [4] (274) 0 (274) 0
Curtailment (gain) loss, tax 98 0 98 0
Curtailment (gain) loss, after-tax (176) 0 (176) 0
Benefit plans, net, pre-tax (367) (22) (433) (100)
Benefit plans, net, tax 132 21 156 50
Benefit plans, net, after-tax $ (235) $ (1) $ (277) $ (50)
[1] The increase in currency translation adjustment losses over prior year for the nine months ended September 30, 2015 is driven by the strengthening USD against primarily the Euro and Brazilian real. The change in both periods is also due to changes in certain foreign entity's functional currency as described in Note 1.
[2] These amounts represent changes in accumulated other comprehensive loss excluding changes due to reclassifying amounts to the interim Consolidated Income Statements.
[3] See Note 13 for discussion of the re-measurement of the principal U.S. pension plan and other long-term employee benefit plans as a result of the Performance Chemicals separation.
[4] These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost of the company's pension and other long-term employee benefit plans. See Note 13 for additional information.