XML 46 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplementary Information (Tables)
 9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Nonoperating Income (Expense)
Sundry Income (Expense) - Net
Successor
Predecessor
(In millions)
Three Months Ended September 30, 2018
For the Period
September 1 - September 30, 2017
For the Period
July 1 - August 31, 2017
Royalty income1




$
11

Interest income
13

12

26

Equity in earnings (losses) of affiliates - net
13

(4
)
13

Net (loss) gain on sales of businesses and other assets
(2
)
1

2

Net exchange (losses) gains
(77
)
77

(195
)
Non-operating pension and other post employment benefit credit (cost)2
91

34

(70
)
Miscellaneous income and expenses - net3
14

1

30

Sundry income (expense) - net
$
52

$
121

$
(183
)
 

Sundry Income (Expense) - Net
Successor
Predecessor
(In millions)
Nine Months Ended September 30, 2018
For the Period
September 1 - September 30, 2017
For the Period
January 1 - August 31, 2017
Royalty income1




$
84

Interest income
71

12

83

Equity in earnings (losses) of affiliates - net
46

(4
)
55

Net gain on sales of businesses and other assets4
11

1

205

Net exchange (losses) gains
(186
)
77

(394
)
Non-operating pension and other post employment benefit credit (cost)2
278

34

(278
)
Miscellaneous income and expenses - net3
73

1

132

Sundry income (expense) - net
$
293

$
121

$
(113
)
 
1. 
In the Successor periods, royalty income of $26 million, $111 million, and $9 million is included in net sales for the three and nine months ended September 30, 2018 and for the period September 1 through September 30, 2017, respectively.
2. 
Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized (gain) loss, amortization of prior service benefit and curtailment/settlement gain).  See Note 2 for discussion of the retrospective adoption of ASU No. 2017-07.
3. 
Miscellaneous income and expenses - net, includes interest accrued related to unrecognized tax benefits (Predecessor periods only), gains related to litigation settlements, and other items.
4. 
Includes a pre-tax gain of $162 million ($86 million after tax) for the for the period January 1 through August 31, 2017 related to the sale of global food safety diagnostics. See Note 4 for additional information.
Foreign Currency Exchange Gain (Loss)
 
Successor
Predecessor
(In millions)
Three Months Ended September 30, 2018
For the Period
September 1 - September 30, 2017
For the Period
July 1 - August 31, 2017
Subsidiary Monetary Position (Losses) Gains
 
 
 
Pre-tax exchange (losses) gains1
$
(108
)
$
(35
)
$
65

Local tax benefits (expenses)
33

(31
)
88

Net after-tax impact from subsidiary exchange (losses) gains
$
(75
)
$
(66
)
$
153

 
 
 
 
Hedging Program Gains (Losses)
 
 
 
Pre-tax exchange gains (losses)
$
31

$
112

$
(260
)
Tax (expenses) benefits
(7
)
(40
)
94

Net after-tax impact from hedging program exchange gains (losses)
$
24

$
72

$
(166
)
 
 
 
 
Total Exchange (Losses) Gains
 
 
 
Pre-tax exchange (losses) gains
$
(77
)
$
77

$
(195
)
Tax benefits (expenses)
26

(71
)
182

Net after-tax exchange (losses) gains
$
(51
)
$
6

$
(13
)
 
 
Successor
Predecessor
(In millions)
Nine Months Ended September 30, 2018
For the Period
September 1 - September 30, 2017
For the Period
January 1 - August 31, 2017
Subsidiary Monetary Position (Losses) Gains
 
 
 
Pre-tax exchange (losses) gains1
$
(213
)
$
(35
)
$
37

Local tax benefits (expenses)
57

(31
)
217

Net after-tax impact from subsidiary exchange (losses) gains
$
(156
)
$
(66
)
$
254

 
 
 
 
Hedging Program Gains (Losses)
 
 
 
Pre-tax exchange gains (losses)2
$
27

$
112

$
(431
)
Tax (expenses) benefits
(6
)
(40
)
155

Net after-tax impact from hedging program exchange gains (losses)
$
21

$
72

$
(276
)
 
 
 
 
Total Exchange (Losses) Gains
 
 
 
Pre-tax exchange (losses) gains
$
(186
)
$
77

$
(394
)
Tax benefits (expenses)
51

(71
)
372

Net after-tax exchange (losses) gains
$
(135
)
$
6

$
(22
)
 
1.
Includes a net $44 million and $80 million pre-tax exchange loss associated with the devaluation of the Argentine peso for the three and nine months ended September 30, 2018, respectively.
2.
Includes a $50 million foreign exchange loss for the nine months ended September 30, 2018 related to adjustments to foreign currency exchange contracts as a result of U.S. tax reform.
Restrictions on Cash and Cash Equivalents
(In millions)
September 30, 2018
December 31, 2017
Cash and cash equivalents
$
3,536

$
7,250

Restricted cash
506

558

Total cash, cash equivalents and restricted cash
$
4,042

$
7,808