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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Reconciliation of Common Stock Share Activity
Shares of common stock
Issued
Held In Treasury
Balance January 1, 2013
1,020,057,000

(87,041,000
)
Issued
14,370,000


Repurchased

(20,400,000
)
Retired
(20,400,000
)
20,400,000

Balance December 31, 2013
1,014,027,000

(87,041,000
)
Issued
8,103,000


Repurchased

(30,110,000
)
Retired
(30,110,000
)
30,110,000

Balance December 31, 2014
992,020,000

(87,041,000
)
Issued
5,932,000


Repurchased

(39,564,000
)
Retired
(39,564,000
)
39,564,000

Balance December 31, 2015
958,388,000

(87,041,000
)
Schedule of Components of Other Comprehensive Income / (Loss)
For the year ended December 31,
2015
2014
2013
Affected Line Item in Consolidated Income Statements
 
Pre-Tax
Tax
After-Tax
Pre-Tax
Tax
After-Tax
Pre-Tax
Tax
After-Tax
Cumulative translation adjustment(1)
$
(1,605
)
$

$
(1,605
)
$
(876
)
$

$
(876
)
$
25

$

$
25

 
Net revaluation and clearance of cash flow hedges to earnings:









 
Additions and revaluations of derivatives designated as cash flow hedges
(37
)
12

(25
)
53

(20
)
33

(58
)
22

(36
)
See (2) below
Clearance of hedge results to earnings:
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
(10
)
4

(6
)
(15
)
5

(10
)
(1
)

(1
)
Net sales
Commodity contracts
22

(9
)
13

30

(11
)
19

(24
)
10

(14
)
Cost of goods sold
Net revaluation and clearance of cash flow hedges to earnings
(25
)
7

(18
)
68

(26
)
42

(83
)
32

(51
)
 
Pension benefit plans:









 
Net (loss) gain
(57
)
10

(47
)
(4,131
)
1,497

(2,634
)
3,293

(1,136
)
2,157

See (2) below
Prior service benefit



44

(11
)
33

62

(22
)
40

See (2) below
Effect of foreign exchange rates
119

(33
)
86







See (2) below
Reclassifications to net income:
 
 
 
 
 
 
 
 
 
 
Amortization of prior service (benefit) cost
(9
)
2

(7
)
2


2

8

(2
)
6

See (3) below
Amortization of loss
768

(273
)
495

601

(209
)
392

957

(331
)
626

See (3) below
Curtailment (gain) loss
(6
)
3

(3
)
4

(1
)
3

1


1

See (3) below
Settlement loss
76

(26
)
50

7

(2
)
5

152

(45
)
107

See (3) below
Pension benefit plans, net
891

(317
)
574

(3,473
)
1,274

(2,199
)
4,473

(1,536
)
2,937

 
Other benefit plans:









 
Net gain (loss)
4

(1
)
3

(280
)
100

(180
)
513

(184
)
329

See (2) below
Prior service benefit



50

(1
)
49

211

(72
)
139

See (2) below
Effect of foreign exchange rates
(1
)
1








See (2) below
Reclassifications to net income:
 
 
 
 
 
 
 
 
 
 
Amortization of prior service benefit
(182
)
64

(118
)
(214
)
76

(138
)
(195
)
69

(126
)
See (3) below
Amortization of loss
78

(27
)
51

57

(20
)
37

76

(27
)
49

See (3) below
Curtailment gain
(274
)
98

(176
)



(154
)
54

(100
)
See (3) below
Settlement loss






1


1

See (3) below
Other benefit plans, net
(375
)
135

(240
)
(387
)
155

(232
)
452

(160
)
292

 
Net unrealized (loss) gain on securities:
 
 
 
 
 
 
 
 
 
 
Unrealized (loss) gain on securities arising during the period
(17
)

(17
)



1

(1
)

See (4) below
Reclassification of gain realized in net income
(2
)

(2
)






Other income, net
Net unrealized (loss) gain on securities
(19
)

(19
)



1

(1
)

 
Other comprehensive (loss) income
$
(1,133
)
$
(175
)
$
(1,308
)
$
(4,668
)
$
1,403

$
(3,265
)
$
4,868

$
(1,665
)
$
3,203

 


1. 
The increase in currency translation adjustment losses over prior year for the years ended December 31, 2015 and 2014, is driven by the strengthening USD against primarily the Euro and Brazilian Real. For the year ended December 31, 2015, the increase over prior year 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) income excluding changes due to reclassifying amounts to the Consolidated Income Statements.
3. 
These accumulated other comprehensive income 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 18 for additional information.
4. 
The unrealized loss on securities during the year ended December 31, 2015 is due to the re-measurement of USD denominated marketable securities held by certain foreign entities at December 31, 2015 with a corresponding offset to cumulative translation adjustment.   

Schedule of Accumulated Other Comprehensive Loss
 
Cumulative Translation Adjustment
Net Revaluation and Clearance of Cash Flow Hedges to Earnings
Pension Benefit Plans
Other Benefit Plans
Unrealized Gain (Loss) on Securities
Total
2013
 

 

 

 

 

 

Balance January 1, 2013
$
(70
)
$
3

$
(8,632
)
$
202

$
2

$
(8,495
)
Other comprehensive income (loss) before reclassifications
27

(36
)
2,197

468


2,656

Amounts reclassified from accumulated other comprehensive income (loss)

(15
)
740

(176
)

549

Balance December 31, 2013
$
(43
)
$
(48
)
$
(5,695
)
$
494

$
2

$
(5,290
)
2014
 

 

 

 

 

 

Other comprehensive income (loss) before reclassifications
(876
)
33

(2,601
)
(131
)

(3,575
)
Amounts reclassified from accumulated other comprehensive income (loss)

9

401

(101
)

309

Balance December 31, 2014
$
(919
)
$
(6
)
$
(7,895
)
$
262

$
2

$
(8,556
)
2015
 

 

 

 

 

 

Other comprehensive income (loss) before reclassifications
(1,605
)
(25
)
39

3

(17
)
(1,605
)
Amounts reclassified from accumulated other comprehensive income (loss)

7

535

(243
)
(2
)
297

Spin-off of Chemours
191


278


(1
)
468

Balance December 31, 2015
$
(2,333
)
$
(24
)
$
(7,043
)
$
22

$
(18
)
$
(9,396
)