Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(169	)	$	(208	)	$	(119	)	$	2,243
Outside the U.S.		134			96			45			113
Total	$	(35	)	$	(112	)	$	(74	)	$	2,356
U.S. income taxes:
Current provision (benefit)	$	1		$	(2	)	$	3		$	—
Deferred provision (benefit)		9			4			3			(3	)
Income taxes outside the U.S.:
Current provision (benefit)		22			(1	)		8			52
Deferred provision (benefit)		—			7			(8	)		105
State and other income taxes:
Current provision		—			1			2			1
Deferred provision		—			1			—			—
Total provision	$	32		$	10		$	8		$	155

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Amount computed using the statutory rate	$	(12	)	$	(39	)	$	(25	)	$	825
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal		—			1			2			—
Unremitted foreign earnings		26			4			36			32
Impact of goodwill and intangible impairments		—			—			(3	)		(22	)
Operations outside the U.S.		28			111			73			(18	)
Legislative rate changes		—			—			—			1
Valuation allowance		(71	)		(121	)		(100	)		39
Tax settlements and adjustments, including interest		2			(5	)		1			5
Discharge of debt and other reorganization related items		60			57			24			(722	)
Other, net		(1	)		2			—			15
Provision for income taxes	$	32		$	10		$	8		$	155

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Deferred tax assets
Pension and postretirement obligations	$	187	$	221
Restructuring programs		3		5
Foreign tax credit		314		258
Inventories		14		20
Investment tax credit		80		100
Employee deferred compensation		46		43
Depreciation		62		45
Research and development costs		188		232
Tax loss carryforwards		380		355
Other deferred revenue		13		13
Other		112		111
Total deferred tax assets	$	1,399	$	1,403
Deferred tax liabilities
Leasing	$	1	$	7
Goodwill/Intangibles		49		51
Unremitted foreign earnings		121		176
Total deferred tax liabilities		171		234
Net deferred tax assets before valuation allowance		1,228		1,169
Valuation allowance		1,201		1,127
Net deferred tax assets	$	27	$	42

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Deferred income taxes (current)	$	22		$	31
Deferred income taxes (non-current)		23			38
Other current liabilities		—			(1	)
Other long-term liabilities		(18	)		(26	)
Net deferred tax assets	$	27		$	42

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Balance as of January 1	$	92		$	106		$	107		$	57
Tax positions related to the current year:
Additions		1			2			—			68
Tax Positions related to prior years:
Additions		—			1			2			1
Reductions		(7	)		(14	)		(3	)		(17	)
Settlements with taxing jurisdictions		—			(1	)		—			(2	)
Lapses in Statute of limitations		(1	)		(2	)		—			—
Balance as of December 31	$	85		$	92		$	106		$	107